Hesai Group Stock Price, News & Analysis

Hesai (NASDAQ: HSAI) announced it produced its 1,000,000th lidar unit in 2025, making it the first lidar company to exceed one million units in annual production. Hesai reported cumulative deliveries of 1.37 million units as of Q2 2025 and a planned 2025 production capacity of 2 million units with annual deliveries projected at 1.2–1.5 million units. The company cites fully automated lines that can produce one lidar every 20 seconds, an in‑house Smart Cloud MES for traceability, independent development of seven key lidar components, and mass‑production contracts across AT/ET/FT/XT/OT/JT series. Hesai also noted JT series deliveries exceeded 100,000 units in five months and 120 vehicle models across 24 OEMs are scheduled for production 2025–2027.

Hesai Technology (NASDAQ:HSAI) has been named to Fortune's prestigious 2025 Change the World list, recognizing its transformative impact on global road safety through lidar technology. The company is the only lidar manufacturer among 50 companies featured this year.

Hesai's lidar solutions have demonstrated significant real-world impact, with Li Auto reporting a 20% reduction in general road accidents and 90% reduction in fatal highway accidents in vehicles equipped with their technology. The company has achieved 120 design wins and partnerships with 24 OEMs across more than 40 countries.

Through innovative ASIC technology and mass production, Hesai has reduced lidar costs by 99.5%, making advanced driver-assistance systems accessible in EVs priced as low as $15,000, democratizing this life-saving technology.

Hesai Technology (NASDAQ: HSAI), a global leader in lidar solutions, has secured a significant $40 million contract expansion with a major U.S. robotaxi company for lidar system deliveries through 2026. The company has been selected as the exclusive supplier for both long-range and short-range lidars.

Hesai currently commands a 61% market share in the global L4 autonomous driving lidar segment, according to Yole Group. The agreement comes as the robotaxi market enters a rapid scale-up phase, with Hesai's comprehensive portfolio supporting both highway driving and urban safety applications.

Hesai Group (NASDAQ: HSAI), a global leader in 3D lidar solutions, has announced the pricing of its global offering of 19,550,000 Class B ordinary shares. The offering price is set at HK$212.8 per share (equivalent to US$27.11 per ADS), with expected gross proceeds of HK$4,160.2 million before deducting costs.

The offering includes both an international offering and a Hong Kong public offering, with trading expected to begin on the Hong Kong Stock Exchange on September 16, 2025 under the stock code "2525". The company has granted an over-allotment option for up to 2,932,500 additional shares. Proceeds will be used for R&D investment, manufacturing capabilities enhancement, business expansion, and working capital.

Hesai Technology (NASDAQ: HSAI), a global lidar solutions leader, is unveiling its next-generation lidar portfolio at IAA Mobility 2025 in Munich. The showcase features three key products: the ETX, an ultra-long-range lidar with industry-leading 800-channel count and 400m range; the FTX, a fully solid-state blind-spot lidar; and the ATX for L2 assisted driving.

The flagship ETX, built on Hesai's fourth-generation technology platform, features breakthrough innovations including Photon Vector Technology (PVT), Addressable Photon Isolation (API), and Intelligent Point Cloud Engine (IPE). The FTX complements ETX with a 180° x 140° field of view and 66% weight reduction from its predecessor. Both products are scheduled for mass production in 2026, with ETX already selected by a global OEM for multiple vehicle models.

Hesai Group (NASDAQ: HSAI), a global leader in 3D lidar solutions, has announced a significant global offering of 17,000,000 Class B ordinary shares. The offering includes a Hong Kong public offering of 1,700,000 shares and an international offering of 15,300,000 shares, alongside a dual-primary listing on the Hong Kong Stock Exchange under code "2525".

The company has set the Maximum Hong Kong Offer Price at HK$228.00 per share (US$29.04). Notable cornerstone investors, including HHLR Advisors and Taikang Life, have committed approximately US$148.0 million, representing about 29.8% of the initial offering. The company has additional flexibility through an offer size adjustment option of up to 2,550,000 shares and an over-allotment option.

Proceeds will fund R&D investments, manufacturing capabilities enhancement, business expansion, and working capital.

Hesai Technology (NASDAQ: HSAI), a global leader in lidar solutions, has been officially recognized as the exclusive short-range lidar supplier for Motional's all-electric IONIQ 5 robotaxi, following a two-year partnership. Motional, specializing in Level 4 autonomous vehicles, integrates Hesai's lidar technology as a core safety component for their robotaxis.

Hesai stands out for its industry-leading data security certifications, including ISO/SAE 21434 for cybersecurity, ISO 21448 for intended functional safety processes, and ISO 26262 for functional safety of products. The company maintains a strong global presence across 40+ countries, providing engineering support and fostering close customer collaboration.

Hesai Technology (Nasdaq: HSAI) has secured a significant design win from Toyota for its long-range automotive lidar ATX. The system will be integrated into Toyota's new energy vehicle model, manufactured by Toyota's joint venture in China, with mass production scheduled for 2026.

The ATX lidar system features Hesai's most advanced technology platform, with enhanced optical-mechanical design and laser transceiver modules. The system has already gained multiple design wins from various OEMs for their 2025-2026 production lineups. This partnership marks Hesai's first major collaboration with Japan's automotive industry.

Hesai Group (NASDAQ: HSAI), a global leader in lidar solutions, reported strong Q2 2025 financial results with net revenues of RMB706.4 million (US$98.6 million), up 53.9% year-over-year. The company achieved record quarterly lidar shipments of 352,095 units and reported net income of RMB44.1 million (US$6.2 million), compared to a net loss in the previous year.

The company secured significant ADAS design wins, including 20 new models from 9 leading OEMs through 2026. Notable achievements include a platform win with a top ADAS customer and a new design win with Toyota. Hesai maintained its No.1 position in China's Robotics lidar shipments for H1 2025 and achieved the C-sample milestone with a top European OEM.

Financial highlights include a gross margin of 42.5% and strong operational metrics, with ADAS lidar shipments increasing 275.8% year-over-year to 303,564 units. The company maintained a solid cash position of RMB2,848.9 million (US$397.7 million) as of June 30, 2025.