On March 12, Chinese concept stocks exhibited robust performance in the U.S. market. Notably, Hesai Technology's share price skyrocketed by an impressive 50.41%, propelled by its supply of lidar sensors to Mercedes-Benz. Other notable gainers included Blue Hat Interactive, which rose 20.9%, Yi Sheng Xin Technology with a 18.97% increase, Ridgetech at 18.75%, and Zeekr, which climbed 18.47%.
