Hesai Group Stock Price, News & Analysis

Hesai Technology (Nasdaq: HSAI) on November 11, 2025 said it was selected by Li Auto to supply lidars for all models in Li Auto's next‑generation assisted driving platform, including the L Series, i Series and MEGA. Hesai will serve as Li Auto's exclusive lidar supplier and will continue providing automotive‑grade lidar products and perception technologies.

Li Auto has delivered over 1.46 million vehicles as of October 31, 2025, and made lidar standard across new models since May 2025. Hesai and Li Auto describe an ongoing collaboration since 2021 that includes development and mass production of lidar hardware, with plans to deepen cooperation to accelerate ADAS adoption.

Hesai Group (NASDAQ: HSAI) reported Q3 2025 unaudited results on Nov 11, 2025: net revenues RMB795.4M (US$111.7M), total lidar shipments 441,398 units, and net income RMB256.2M (US$36.0M). Gross margin was 42.1%. ADAS shipments were 380,759 and Robotics shipments were 60,639 in Q3. Management raised full-year GAAP net income guidance to RMB350–450M and noted a successful Hong Kong dual-primary listing that raised US$614M (after greenshoe). Cash, restricted cash and short-term investments totaled RMB7,368.8M as of Sept 30, 2025. The company expects Q4 2025 revenues of RMB1,000–1,200M.

Hesai Group (NASDAQ: HSAI) will report its third quarter 2025 unaudited financial results on Tuesday, November 11, 2025 before U.S. market open. Management will host an earnings conference call on November 11, 2025 at 7:00 AM ET (8:00 PM Beijing/Hong Kong Time).

Participants must pre-register via the provided link to receive dial-in details: https://s1.c-conf.com/diamondpass/10050816-wmspy5.html. A live and archived webcast will be available at https://investor.hesaitech.com. A replay will be accessible about one hour after the call until November 18, 2025 using the replay PIN 10050816 (US: +1-855-883-1031; International: +61-7-3107-6325; Hong Kong: 800-930-639; China Mainland: 400-120-9216).

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.