Hesai Group Stock Price, News & Analysis

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.

Hesai Technology (Nasdaq: HSAI) announces partnerships with Agtonomy and Alpha Werke to supply its advanced JT series lidar sensors for next-generation autonomous farming robots. The JT series features 70% smaller volume compared to similar products, ultra-wide field of view, and zero blind spots with 0-meter minimum detection range.

The lidar sensors have passed rigorous reliability tests including IPX6 waterproofing, vibration resistance, and extreme temperature cycling. As of June 2025, Hesai has delivered over 100,000 JT lidar units, addressing critical agricultural challenges like labor shortages and rising operational costs through AI automation.

Hesai Group (NASDAQ: HSAI), a global leader in lidar solutions, has filed an appeal on July 13, 2025, challenging the U.S. District Court's decision that upheld their designation under Section 1260H of the National Defense Authorization Act.

The District Court's ruling was based on two factors: the location of Hesai's R&D centers in certain industrial districts and the theoretical potential of lidar technology for military applications. Notably, the Court acknowledged no evidence was found linking Hesai's products to military use or connecting the company to the Chinese military.

CEO Yifan "David" Li expressed strong disagreement with the decision, emphasizing that Hesai's products are solely for civilian and commercial uses. The company remains committed to serving its global customers while maintaining transparency as a Nasdaq-listed entity.

Hesai Group (NASDAQ: HSAI) reported strong Q1 2025 financial results with net revenues of RMB525.3 million (US$72.4 million), up 46.3% year-over-year. The company shipped 195,818 lidar units, more than triple compared to Q1 2024. Notably, ADAS lidar shipments reached 146,087 units, a 178.5% increase. The company significantly reduced its net loss by 84% to RMB17.5 million while achieving Non-GAAP profitability. Hesai secured new ADAS design wins with major automakers including Chery, Great Wall Motor, Zeekr, and Geely, while also landing a development project with a top Japanese Tier 1 supplier. The company launched new products including the AT1440 lidar and introduced the Infinity Eye Solution for L2-L4 autonomous driving. Additionally, Hesai announced the successful resolution of all IP-related litigation against it, with no financial settlements or injunctive relief imposed.

Hesai Group (NASDAQ: HSAI), a global leader in three-dimensional lidar solutions, has scheduled its first quarter 2025 earnings release for Monday, May 26, 2025, after U.S. markets close. The company will host an earnings conference call at 9:00 PM ET on the same day (9:00 AM Beijing/Hong Kong Time on May 27, 2025).

Participants can pre-register for the call through a provided link and join via phone or watch a live webcast on Hesai's investor relations website. A replay will be available until June 03, 2025, through multiple international dial-in numbers.

Hesai Group (Nasdaq: HSAI) announced that its AT series lidar has been selected by SAIC-GM for Cadillac's new all-electric VISTIQ SUV. The vehicle, unveiled at the Shanghai Auto Show, features the industry's first in-cabin lidar deployment, placing the sensor behind the windshield.

This innovative integration, co-developed by Hesai and Cadillac, enables precise environmental sensing in challenging weather conditions while maintaining the vehicle's exterior aesthetics. The in-cabin placement also provides better protection for the sensor components during minor collisions. The VISTIQ incorporates Cadillac's next generation L2 full-scenario driver system, powered partly by Hesai's lidar technology.

As a designated supplier partner to SAIC-GM, Hesai will continue providing lidar solutions to support the development of intelligent, electric vehicles.

Hesai Group (Nasdaq: HSAI) announced that its AT128 lidar sensor has been chosen as the primary lidar solution for Pony AI's seventh-generation Robotaxi fleet. Each vehicle will be equipped with four AT128 lidar sensors, showcasing Hesai's role in autonomous driving advancement.

The announcement coincides with Pony.ai's unveiling of their seventh-generation automotive-grade L4 autonomous driving platform at the Shanghai Auto Show. The new system features 100% automotive-grade ADK, 70% reduced BOM costs, and has logged over 500,000 hours of real-world autonomous operation with tenfold safety improvement over human drivers.

The AT128 lidar offers 120° ultra-high-resolution field of view, 200-meter detection range, and 1.53 million points of data per second, enabling comprehensive 360° obstacle detection for safe navigation in complex traffic environments.

Hesai Group (NASDAQ: HSAI) has launched its new 'Infinity Eye' lidar solution for autonomous driving systems, featuring three configurations: A, B, and C. The solution includes three next-generation products: ETX ultra-long-range lidar, AT1440 ultra-high-definition lidar, and FTX fully solid-state blind spot lidar.

Key highlights include:

• Infinity Eye A (L4): Combines four AT1440 and four FTX lidars for 360° coverage
• Infinity Eye B (L3): Features ETX lidar with 400-meter range and two FTX lidars
• Infinity Eye C (L2): Uses ATX lidar with 200-meter range and 256 channels

The company's ATX lidar has already been selected by 11 major OEMs and delivered over 50,000 units. Hesai projects deliveries of 1.2-1.5 million lidar units in 2025, supported by production capacity of 2 million units annually.

Hesai Group (Nasdaq: HSAI) announced that its advanced ATX lidar solution will be integrated as standard equipment in Zeekr's new luxury sedan, the 007GT. The ATX lidar, featuring Hesai's fourth-generation proprietary architecture, combines compact size with high performance and long-range capabilities.

The Zeekr 007GT is equipped with NVIDIA DRIVE dual Orin-X chips and 31 high-performance perception sensors, including the standard lidar. This sensor suite enhances detection accuracy in challenging conditions and can identify stationary vehicle accidents up to 100 meters ahead. As of March 2025, Zeekr's AEB function has prevented over 3.61 million potential collisions.

The ATX lidar has been selected by 11 leading OEMs for dozens of models, with production and deliveries beginning in Q1 2025.