10:54 AM EST, 03/06/2024 (MT Newswires) -- Hesai Group ( HSAI ) said Wednesday that Li Auto ( LI ) has selected its ultra-high-definition long-range LiDAR AT128 detection system for its recently launched Li MEGA, its first high-voltage battery electric vehicle.

Li Auto's ( LI ) L8 and L7 Pro models will also have Hesai LiDAR as a standard configuration with urban navigation on autopilot function, according to the company.

Hesai ( HSAI ) shares were more than 25% higher in recent trading, while Li Auto ( LI ) was up 2.4%

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