Mercedes-Benz (MBGYY) will develop smart driving cars for global markets equipped with Hesai’s (HSAI) lidar sensors, a person with direct knowledge said, the first time a foreign automaker has sought to use such Chinese-made technology for models sold outside China, according to Reuters. It coincides with an increase in trade tensions as the U.S. intensifies efforts to restrict the adoption of Chinese components and software solutions in vehicles developed by global automakers. Shares of U.S.-listed Hesai have jumped over 38% to $22.17 in Tuesday afternoon trading.
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