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 (HSAI) generates frequent news as a global lidar company serving automotive, autonomous driving, and robotics markets. Its announcements cover lidar deployments in passenger and commercial vehicles with advanced driver‑assistance systems (ADAS), autonomous fleets for passenger and freight mobility, and robotics platforms such as robotaxis, robotrucks, last‑mile delivery robots, lawn‑mowing robots, cleaning robots, AGVs, AMRs, humanoid robots, and 3D spatial digitalization devices.
On this page, readers can follow updates on Hesai’s design wins with automotive OEMs, large‑scale lidar production milestones, and collaborations with autonomous driving companies. Recent news includes selection as a lidar partner for NVIDIA DRIVE Hyperion 10, exclusive lidar supply agreements for Li Auto’s next‑generation assisted driving platform, and partnerships with Meituan’s Keeta Drone for low‑altitude delivery networks and MOVIN for lidar‑based 3D motion capture using the JT128 sensor.
Hesai also reports on manufacturing and capacity expansion, such as plans to double annual lidar production capacity and the development of a factory in Bangkok, Thailand, as well as recognition on Fortune’s Change the World list for its contributions to road safety. Financial result releases provide context on lidar shipments across ADAS and robotics segments and highlight the company’s global customer base.
Investors, analysts, and industry observers can use this news feed to track Hesai’s progress in ADAS adoption, Level 4 autonomous driving deployments, robotics and physical AI applications, and low‑altitude logistics. Bookmark this page to review ongoing product, partnership, and production developments that shape the company’s role in lidar and intelligent mobility.
Hesai Technology (NASDAQ: HSAI) achieved TISAX (Trusted Information Security Assessment Exchange) Assessment Level 3, marking its compliance with the highest standards in the European automotive industry. This certification, verified by TÜV SÜD, confirms Hesai's capacity to deliver secure services to OEM customers, addressing critical areas such as information security and prototype protection across its operational sites. Additionally, in December 2022, the company surpassed a significant milestone by delivering over 10,000 lidar units monthly, solidifying its position as a leader in the automotive lidar market. Hesai emphasizes its commitment to enhancing information security in the lidar industry.
Hesai Group (NASDAQ: HSAI) reported robust financial results for Q4 2022, with net revenues of RMB409.2 million (US$59.3 million), a 56.6% year-over-year increase. LiDAR shipments surged to 47,515 units, marking a 739.2% year-over-year rise. Full-year 2022 revenues reached RMB1,202.7 million (US$174.4 million), up 66.9% from 2021, with a gross margin of 39.2%. However, net losses increased to RMB135.3 million (US$19.6 million) in Q4 and RMB300.8 million (US$43.6 million) for the year, reflecting rising operational costs. Looking ahead, Hesai expects Q1 2023 revenues between RMB390 million (US$56.5 million) and RMB410 million (US$59.4 million), representing a projected annual increase of 57% to 65%.
Hesai Group (NASDAQ: HSAI) will disclose its fourth quarter and full year 2022 unaudited financial results on March 15, 2023, following U.S. market closure. An earnings call will take place at 9:00 PM ET the same day, with registration details provided for participants. Hesai is a leading provider of LiDAR solutions globally, enabling advancements in both commercial and passenger vehicles, and robotics applications. As of December 31, 2022, the company has shipped over 100,000 LiDAR units and maintains strong relationships with numerous automotive OEMs and robotics firms across 90 cities in 40 countries.
Deutsche Bank has been appointed as the depositary bank for Hesai Group's American Depositary Receipt (ADR) program, effective February 13, 2023. Hesai (NASDAQ: HSAI), based in Shanghai, China, specializes in advanced three-dimensional LiDAR solutions for various applications in both passenger and commercial vehicles, including autonomous driving and robotics. As the depositary bank, Deutsche Bank will manage cross-border equity structures and provide a range of related services to corporates and financial institutions. This partnership highlights Deutsche Bank's capabilities in handling diverse financial services globally.
Hesai Technology, a leading LiDAR company, successfully debuted on Nasdaq on February 9, 2023, raising approximately $190 million through the sale of 10 million American depository shares (ADS) at $19 each, under the ticker HSAI. This marks the first IPO of 2023 for Huatai International Private Equity Fund (HTPE), which previously invested over $300 million in Hesai during its Series D round in June 2021. Founded in 2014, Hesai has shipped over 100,000 LiDAR units and is recognized for its innovations in autonomous driving technology. The company aims to leverage growth opportunities in the global LiDAR market.
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