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HESAI-W to Set up First Overseas Production Base in Thailand, Expected to Operate by End-2026
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HESAI-W (02525.HK) CEO Li Yifan remarked that the company will establish its first overseas production base in Thailand, anticipated to commence operations by the end of 2026 or early 2027, Bloomberg reported. Li added that the company has achieved its annual profit target ahead of schedule in 3Q25. Despite the ongoing price war in China's automobile industry, which has pressured the ASP of components such as LiDAR, new demands are expected from AI applications like autonomous taxis and robots. AASTOCKS Financial News Website: www.aastocks.com |
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