Hesai Group Stock Price, News & Analysis

Hesai Technology has announced a significant new design win with one of China's top 5 NEV automakers, marking a major expansion in the automotive lidar market. The automaker, affiliated with a major global automotive group, will integrate Hesai's ATX lidar as a standard feature in their upcoming high-end smart EV models.

The announcement comes amid strong market growth, with automotive lidar installations reaching 1.5 million units in 2024, double the previous year's volume. According to Gasgoo Automotive Research Institute, lidar achieved a 29% penetration rate in China's EV market for vehicles priced above $20,000 as of December 2024.

Hesai's ATX lidar, built on their fourth-generation technology platform, features an optimized opto-mechanical structure and enhanced laser transceiver modules. The company is scaling up production capacity to 2 million units annually to meet increasing automaker demand in 2025.

Hesai Technology (NASDAQ: HSAI) has secured an exclusive multi-year contract with a leading European OEM to provide advanced ultra-long-range automotive lidars for their next-generation platform. The partnership will cover both internal combustion engine (ICE) and electric vehicle (EV) models, extending into the next decade and representing the largest global program in the automotive lidar industry.

CEO David Li emphasized the partnership as an endorsement of Hesai's performance and quality standards. As of February 2025, Hesai has achieved 120 design wins across 22 automotive OEMs. The company reached a significant milestone in December 2024, becoming the first lidar company globally to deliver over 100,000 units in a single month.

Hesai Group (NASDAQ: HSAI) reported strong Q4 and full-year 2024 results, with Q4 net revenues reaching RMB719.8 million (US$98.6 million) and quarterly lidar shipments of 222,054 units. Full-year 2024 revenues totaled RMB2,077.2 million (US$284.6 million) with 501,889 lidar units shipped.

The company achieved several milestones, including becoming the first lidar company to achieve full-year non-GAAP net profits of RMB14 million, a significant improvement from RMB241 million loss in 2023. Hesai secured a major exclusive design win with a top European OEM and expanded partnerships with major Chinese automakers including BYD, Chery, and Great Wall Motor.

For 2025, Hesai forecasts net revenues of RMB3.0-3.5 billion, with expected GAAP profitability of RMB200-350 million and non-GAAP profitability of RMB350-500 million. The company's production capacity is expected to reach 2 million units annually by end of 2025.

Hesai Technology (NASDAQ: HSAI) has strengthened its position as a global leader in lidar technology through significant patent portfolio expansion and Swiss IP acquisition. The company now holds nearly 1,800 patents and patent applications worldwide, with over 1,500 published patent applications and 600+ granted global patents.

In late 2023, Hesai acquired Fastree3D, a Swiss SPAD technology pioneer, enhancing its digital lidar capabilities. The company's next-generation solid-state FTX lidar features industry-leading specifications including 180° x 140° field of view, 30m range, and 492,000 points per second - 2.5 times higher than previous generation. The new design is 66% lighter with a 40% smaller exposed window area.

Hesai delivered over 20,000 lidar units to robotics customers in December 2024 and projects shipping over 1 million units in 2025, supported by in-house mass production capabilities.

Hesai Group (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, announced it will release its Q4 and full year 2024 unaudited financial results on March 10, 2025, after U.S. markets close.

The company will host an earnings conference call at 9:00 PM ET on March 10, 2025 (9:00 AM Beijing/Hong Kong Time on March 11, 2025). A live and archived webcast will be available on the company's investor relations website, with call replay accessible until March 18, 2025.

Hesai provides lidar products for passenger and commercial vehicles with ADAS, autonomous vehicle fleets, robotics, and other non-automotive industries. The company operates across over 40 countries, integrating lidar designs with in-house manufacturing to ensure rapid product development, high performance, and consistent quality.

Hesai Technology (HSAI) announced an expanded partnership with BYD to provide automotive lidar for over 10 BYD models entering mass production in 2025. BYD, which sold more than 4 million intelligent driving-equipped vehicles in 2024, will integrate Hesai's lidar technology into its next-generation 'God's Eye' advanced driver assistance system (ADAS).

The Chinese automotive lidar market showed remarkable growth, with installations exceeding 1.5 million units in 2024, doubling 2023 figures. Hesai achieved a milestone in December 2024 as the first lidar company to deliver over 100,000 units in a single month. The company expects its annual production capacity to exceed 2 million units in 2025.

Hesai has secured more than 100 design wins across 22 automotive OEMs, including partnerships with Chery, Great Wall Motors, and Changan. Their ATX lidar, launched in April 2024, has been selected by various automakers and will enter mass production in Q1 2025.

Hesai Technology (Nasdaq: HSAI), Outsight, and Embotech AG have announced a strategic collaboration to provide lidar technology and perception software for Automated Vehicle Marshalling (AVM) systems at BMW facilities. The technology is currently deployed in BMW's Automated Driving In-Plant (AFW) operations.

The system is operational in BMW's Dingolfing plant for the 5 Series and 7 Series, and in Leipzig for the MINI Countryman and other models. At Dingolfing, vehicles autonomously navigate a kilometer-long route from assembly halls through testing to finishing areas, eliminating the need for human drivers.

The integrated solution combines Hesai's lidar sensors, Outsight's perception software platform, and Embotech's autonomous driving expertise. Currently active in three BMW facilities, this deployment represents the first phase of a planned global rollout across Europe and North America.

Hesai Technology (HSAI) has secured design wins for multiple Chery Automobile models, with mass production scheduled to begin in H2 2025. The vehicles will feature Hesai's latest generation ATX lidar, an ultra-compact high-performance system.

Chery, which reported a 38% year-over-year increase in global car sales with 2.6 million vehicles sold in 2024, forecasts over 3 million deliveries in 2025. As China's leading vehicle exporter, Chery's exports reached 1.14 million vehicles in 2024, up 21.4% year-on-year.

Hesai has accumulated over 100 design wins across 21 automotive OEMs. The company's ATX lidar, launched in April 2024, has been selected by numerous automakers, including top new energy vehicle companies and European and American OEM joint ventures in China. Hesai's planned annual production capacity for 2025 is expected to exceed 2 million units.

Hesai Technology (HSAI) unveiled two groundbreaking lidar products at CES 2025: the AT1440 and FTX. The AT1440 is the world's first 1440-channel automotive-grade lidar, featuring 30 times higher resolution than mainstream automotive lidars with a 0.02° angular resolution. The next-generation FTX solid-state lidar boasts the industry's widest field of view at 180° x 140° and achieves a point rate 2.5 times higher than its predecessor.

The FTX is 66% lighter than its previous generation, with a 40% smaller exposed window area. Hesai has secured over 100 design wins across 21 automotive OEMs, including 6 of the top 10 global manufacturers. The company achieved a milestone in December by delivering over 100,000 lidar units and projects an annual production capacity exceeding 2 million units in 2025. Hesai operates in over 40 countries and holds more than 1,700 patents globally.