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Hesai Technology Co, a Shanghai-based company that develops light detection and ranging (lidar) sensors for autonomous driving and other robotics applications, has filed to raise $100 million in an initial public offering in the US.
The company, which was established in Silicon Valley in 2013 and relocated to Shanghai in 2014, is looking to list its American depositary shares (ADS) on Nasdaq under the symbol HSAI, according to its heavily redacted filing.
