Hesai Group Stock Price, News & Analysis

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.

Hesai Technology (HSAI) has launched its new JT Series of mini hemispherical 3D lidars at CES 2025, specifically designed for robotics applications. The series includes the JT16 (16 channels) and JT128 (128 channels), with the latter featuring the world's widest hyper-hemispherical field of view at 360° x 187°.

The JT series boasts significant improvements over comparable products, including a 30% smaller diameter, 70% reduced volume, and 47% lighter weight at 200-250g. Power consumption is reduced by 40% to as low as 4W. The series supports resolution up to 256 channels and features zero minimum detection distance.

The company has already begun mass production and deliveries, securing orders from various robotics customers including MOVA and Agtonomy. Hesai also announced its next-generation solid-state FTX lidar for ADAS-equipped vehicles, achieving a point rate of 492,000 points per second, 2.5 times higher than its previous generation.

Hesai Technology (HSAI) has achieved a significant milestone as the first lidar company globally to deliver over 100,000 lidar units in December 2024, along with a record 20,000 units for the robotics market. The company plans to expand its annual capacity to exceed 2 million units in 2025.

Hesai has secured more than 100 design wins across 21 automotive OEMs, including recent wins from three of China's top five automakers. In the robotics sector, Hesai serves customers across 40+ countries in various applications including delivery robots, autonomous lawn mowers, and cleaning robots. The company maintains operations in Europe, US, and Asia, with over 1,700 patents in its portfolio.

Hesai Technology (NASDAQ: HSAI) has secured an exclusive production design win with Great Wall Motor for multiple vehicle models across two brands. The deal involves Hesai's ATX ultra-compact high-resolution long-range lidar, with mass production starting in 2025.

Great Wall Motor sold over 1.23 million vehicles in 2023, including 262,000 EVs. Their EV sales reached 195,000 in the first three quarters of 2024, showing a 57.2% year-over-year growth. The partnership, established in February 2024, has already resulted in the WEY Blue Mountain SUV equipped with Hesai's AT128 lidar entering mass production.

The ATX model features Hesai's proprietary technology that improves point cloud resolution while reducing volume, weight, and power consumption. Multiple automotive companies have selected ATX for their 2025 mass-production models.