Hesai Technology CEO says U.S. tariffs are 'painful' for customers, eyes manufacturing in Southeast Asia

Hesai Technology's CEO David Li says U.S. tariffs are hurting business, with some forced to front-load orders or absorb higher costs. Speaking to Lin Lin at the Shanghai Auto show, he says that while U.S. demand slows, growth is picking up in Europe. He is eyeing manufacturing in Southeast Asia within the next two years to diversify the company's supply chain.