Welcome to our dedicated page for Hesai Group news (Ticker: HSAI), a resource for investors and traders seeking the latest updates and insights on Hesai Group stock.
Hesai Group reports developments in three-dimensional light detection and ranging, or lidar, and 3D perception systems for ADAS-equipped passenger and commercial vehicles, autonomous mobility fleets, and robotics applications. News commonly covers unaudited financial results, shipment trends, product platforms, and deployments across automotive, logistics, service robot, and other physical AI use cases.
Company updates also include technology launches tied to in-house ASIC capabilities and integrated R&D, testing, and manufacturing, including platforms such as Picasso, ETX, Kosmo, and JT128. Other recurring items include safety and compliance collaborations, third-party lidar market reports, ESG publications, annual report notices, and ADR/HKEX-related corporate announcements.
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Hesai Group (NASDAQ: HSAI) is set to release its first quarter 2023 unaudited financial results on May 23, 2023, after U.S. market close. An earnings call will be held at 9:00 PM ET on the same day. Participants can join via phone after pre-registration, with a live and archived webcast available on the company's investor relations website.
Hesai is a global leader in three-dimensional light detection and ranging (LiDAR) solutions, catering to applications in passenger and commercial vehicles, robotics, and more, boasting established partnerships with major automotive and technology firms across 90 cities in 40 countries as of December 31, 2022. This strong network underscores their robust market presence.
Hesai Technology has entered a strategic partnership with KargoBot, focusing on advancing the use of automotive-grade hybrid solid-state lidar, specifically the AT128 model, for L4 autonomous trucks. This cooperation aims to enhance commercial logistics applications by implementing safer and more intelligent solutions. The AT128 lidar is known for its high precision, capable of delivering up to 1.53 million points per second, and was involved in the production of over 60,000 units delivered to OEM customers in 2022. KargoBot, which has developed a hybrid-autonomous solution with over 100 autonomous trucks, reported a revenue exceeding 100 million yuan as of March 2023. The integration of Hesai's lidar technology into KargoBot's operations is expected to significantly enhance performance in various driving conditions.