Hesai Group Releases Inaugural Environmental, Social and Governance (ESG) Report

Rhea-AI Summary

Hesai Group (NASDAQ: HSAI), a global leader in 3D lidar solutions, has released its first Environmental, Social and Governance (ESG) Report for 2023. The report highlights Hesai's ESG strategy, achievements, and progress towards sustainable development goals.

CEO Yifan 'David' Li emphasized the company's commitment to its mission of 'Empower Robotics, Elevate Lives' through advanced lidar solutions. Hesai aims to drive the future of robotics for a safer, more efficient world. The report covers Hesai's efforts in innovation, product quality, talent development, safety management, and sustainability.

Hesai plans to further integrate ESG principles into its business operations and development decisions, enhancing its sustainable development capabilities. The full 2023 ESG Report is available on Hesai's Investor Relations website.

SHANGHAI, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today released its inaugural Environmental, Social and Governance (ESG) Report (the “Report”). The Report details the Company’s strategy and outstanding achievements in ESG performance in 2023, as well as its progress toward its longstanding ESG goals for sustainable development.

“Since our inception in 2014, we have remained committed to our mission of ‘Empower Robotics, Elevate Lives’ by leveraging cutting-edge lidar solutions to drive the future of robotics for a safer, more efficient world,” said Yifan “David” Li, Hesai’s Co-Founder and CEO. “We are proud to be an ESG pioneer within the lidar industry. Our 2023 ESG report outlines our efforts and accomplishments across innovation and high-quality products, talent development, safety management, and sustainability. Going forward, we will continue to enhance our ESG management system, infuse ESG principles into our business operations and development decisions, and bolster our sustainable development capabilities to further empower safer global transportation, advance robotics, and ultimately elevate the quality of human life.”

To view the full 2023 ESG Report, please visit the ESG section of Hesai’s Investor Relations website: https://investor.hesaitech.com/esg.

About Hesai

Hesai is the global leader in three-dimensional light detection and ranging (lidar) solutions. The Company’s lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. The Company’s commercially validated solutions are backed by superior research and development capabilities across optics, mechanics, and electronics. Hesai integrates lidar designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 40 countries as of December 31, 2023.

For more information, please visit: https://investor.hesaitech.com.

For investor and media inquiries, please contact:

In China:
Hesai Group
Yuanting “YT” Shi, Investor Relations Director
Email: ir@hesaitech.com

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
Email: hesai@tpg-ir.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: hesai@tpg-ir.com

Source: Hesai Group

FAQ

What did Hesai Group (HSAI) release in August 2024?

Hesai Group (HSAI) released its inaugural Environmental, Social and Governance (ESG) Report in August 2024, detailing the company's ESG performance and achievements for 2023.

What is Hesai Group's (HSAI) mission statement?

Hesai Group's (HSAI) mission statement is 'Empower Robotics, Elevate Lives,' focusing on leveraging cutting-edge lidar solutions to drive the future of robotics for a safer, more efficient world.

What areas does Hesai's (HSAI) 2023 ESG report cover?

Hesai's (HSAI) 2023 ESG report covers the company's efforts and accomplishments in innovation, high-quality products, talent development, safety management, and sustainability.

Where can investors find Hesai Group's (HSAI) full 2023 ESG Report?

Investors can find Hesai Group's (HSAI) full 2023 ESG Report in the ESG section of Hesai's Investor Relations website at https://investor.hesaitech.com/esg.