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 Group (HSAI) maintains its position as the global leader in lidar technology, capturing 33% of the global market share by revenue in 2024, according to Yole Group's latest report. The lidar market experienced significant growth, expanding 60% year-on-year to $859 million.
The company dominates the robotaxi segment with a 61% market share, supplying major players like Zoox, Aurora, and Apollo. In the ADAS-enabled passenger vehicle market, which grew 68% year-on-year in 2024, Hesai has secured design wins with 22 OEMs across 120 vehicle models. Chinese automakers are now implementing lidar in mass-market models, including C-segment cars priced around $25,000.
Hesai achieved a significant milestone in December 2024, becoming the first lidar company to deliver over 100,000 units in a single month. The company stands out as the only industry player to achieve full-year non-GAAP profitability.
Hesai Technology (NASDAQ: HSAI) has announced its lidar solutions will power WeRide's autonomous vehicles operating on Uber's platform in Dubai, supporting the city's 2030 smart mobility initiative. Each autonomous vehicle will be equipped with four Hesai automotive-grade long-range lidars.
The partnership aligns with Dubai's goal to convert 25% of all city journeys into autonomous trips by 2030. WeRide, which secured the UAE's first national license for self-driving vehicles on public roads in July 2023, previously launched successful robotaxi operations in Abu Dhabi in 2021.
This collaboration builds upon Hesai and WeRide's existing relationship since 2019, when Hesai's lidars were first integrated into WeRide's autonomous fleets. In April 2022, the companies entered a strategic cooperation agreement to promote automotive-grade, hybrid solid-state lidar applications for L4 autonomous vehicles.
Hesai Group (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the Securities and Exchange Commission (SEC) on April 1, 2025.
The annual report, which includes the Company's audited consolidated statements, is accessible through the SEC's website and Hesai's investor relations website. The Company will provide shareholders and American depositary shares holders with free hard copies of the annual report upon request.
Hesai Technology (Nasdaq: HSAI) announced its exclusive lidar solution will power Baidu Apollo Go's expansion into Dubai with a fleet of over 1,000 L4 autonomous vehicles. This follows their exclusive agreement from July 2024.
The deployment showcases Hesai's lidar technology enabling L4 autonomous driving in complex urban environments. Apollo Go's RT6 robotaxis have achieved a 60% cost reduction compared to previous generations in China operations. The platform has logged over 150 million kilometers of safe driving and provided more than 10 million rides to the public.
Hesai Technology (NASDAQ: HSAI) has secured an exclusive series production partnership with Chery Automobile's new energy brand, iCAR. The agreement involves integrating Hesai's ATX Lidar technology into new iCAR vehicles, with mass production set to begin in Q4 2025.
The ATX lidar, a compact long-range sensor, will enhance iCAR vehicles' perception capabilities for features including active braking, adaptive cruise control, urban navigation, and smart parking. This partnership aligns with Chery's intelligent mobility strategy.
Hesai has achieved significant milestones, securing design wins with 22 automotive OEMs for over 120 vehicle models globally. The company made history in December 2024 by becoming the first lidar company to deliver more than 100,000 units in a single month.
Hesai Group (NASDAQ: HSAI), a global leader in three-dimensional light detection and ranging (lidar) solutions, has issued an official response to a short-seller report published by Blue Orca Capital on March 19, 2025.
The company strongly refutes the allegations made in the report, stating they are without merit. Hesai emphasized its continued commitment to maintaining stringent standards of business ethics and regulatory compliance.
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.
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