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) specializes in advanced 3D LiDAR technology powering autonomous vehicles, robotics, and industrial systems worldwide. This page provides centralized access to official company announcements and market-moving developments.
Key Resources: Track earnings reports, product innovation timelines, strategic partnerships, and technology certifications. Investors gain insights into Hesai's leadership in automotive-grade sensor solutions while analysts monitor patent activity and global expansion.
Content Focus: Expect detailed coverage of ADAS integration milestones, manufacturing capacity updates, and R&D breakthroughs. All materials are sourced from verified corporate communications to ensure accuracy.
Bookmark this page for structured access to Hesai's evolving role in shaping autonomous mobility ecosystems through cutting-edge environmental perception technology.
Hesai Technology, a global lidar industry leader, has become the first in the industry to obtain ISO 21448 Safety of the Intended Functionality (SOTIF) certification. This achievement, based on ISO 26262 functional safety and a QMS framework, underscores Hesai's advanced safety process system and integration of best practices in R&D. Since 2021, Hesai has developed a '3-in-1' safety system combining functional safety, SOTIF, and cybersecurity in lidar product design.
Hesai's innovations include a scenario library dimension table for testing perception features, proprietary active interference rejection technology, and the world's first Intelligent Point Cloud Engine (IPE). These advancements enhance lidar safety and stability in various conditions, effectively filtering out environmental noise and reducing misidentifications. The SOTIF certification significantly expands the operational design domain for intelligent driving systems, improving both user safety and driving experience.
Hesai Group reported Q2 2024 results with net revenues of RMB458.9 million (US$63.1 million), up 4.2% year-over-year. Total lidar shipments increased 66.1% to 86,526 units. Gross margin improved to 45.1% from 29.8% in Q2 2023. The company narrowed its net loss to RMB72.1 million (US$9.9 million).
Hesai secured design wins with four global OEMs and was selected as the exclusive long-range lidar supplier by the top 5 robotaxi companies in China. The company expects Q3 2024 revenues between RMB450-500 million, representing 1.0-12.2% year-over-year growth.
Hesai Group (NASDAQ: HSAI), a global leader in 3D lidar solutions, has released its first Environmental, Social and Governance (ESG) Report for 2023. The report highlights Hesai's ESG strategy, achievements, and progress towards sustainable development goals.
CEO Yifan 'David' Li emphasized the company's commitment to its mission of 'Empower Robotics, Elevate Lives' through advanced lidar solutions. Hesai aims to drive the future of robotics for a safer, more efficient world. The report covers Hesai's efforts in innovation, product quality, talent development, safety management, and sustainability.
Hesai plans to further integrate ESG principles into its business operations and development decisions, enhancing its sustainable development capabilities. The full 2023 ESG Report is available on Hesai's Investor Relations website.
Hesai Group (NASDAQ: HSAI), the global leader in 3D lidar solutions, has announced its second quarter 2024 earnings report will be released on August 19, 2024, after U.S. markets close. The company will host an earnings conference call at 9:00 PM ET on the same day. Hesai, known for its advanced lidar technology used in ADAS, autonomous vehicles, and robotics, serves over 40 countries. The company integrates lidar design with in-house manufacturing, enabling rapid development of high-performance, quality, and affordable products. Investors can access the call via pre-registration and join the live webcast on Hesai's investor relations website.
Hesai Technology (Nasdaq: HSAI), a global leader in lidar solutions, has announced three significant automotive lidar design wins with top global automakers' joint ventures in China. These include General Motors (GM), Ford, and a prominent European automotive brand. The OEM joint ventures plan to integrate Hesai's automotive-grade, long-range lidar into their next-generation series production vehicles, with mass production expected to begin as early as 2025.
Hesai has secured ADAS design wins with 18 OEMs and Tier 1 suppliers globally, covering approximately 70 vehicle models as of Q1 2024. The company also holds mass production agreements with six of the top ten Fortune 500 automakers directly or through entities in their group, maintaining the highest global market share in the automotive lidar industry.
Hesai Technology (Nasdaq: HSAI), a global leader in lidar solutions, has announced automotive lidar design wins with three leading global OEM's joint ventures (JV) in China, including two U.S. automotive companies and one European automotive brand. These JVs plan to integrate Hesai's automotive-grade, long-range lidar in their next-generation series production vehicles for the China market, with mass production expected to begin as early as 2025.
Hesai has secured ADAS design wins with 18 OEMs and Tier 1 suppliers globally, covering approximately 70 vehicle models as of Q1 2024. The company also holds mass production agreements with six of the top ten Fortune 500 automakers directly or through entities in their group, maintaining the highest global market share in the automotive lidar industry.
Hesai Technology (Nasdaq: HSAI), a global leader in lidar solutions, has announced a strategic partnership with Westwell, a provider of autonomous driving solutions. This collaboration aims to accelerate global expansion in autonomous driving for logistics. Westwell's autonomous driving solutions will be equipped with Hesai's advanced lidar products, serving over 200 corporate clients across 20 countries.
Hesai's lidars are already integrated into several of Westwell's solutions, including their new energy-efficient autonomous driving Q-Trucks and Q-Tractors. These vehicles are deployed in various locations, including Felixstowe Port in the UK and Hong Kong Air Cargo Terminals Westwell's R&D team uses a multi-sensor approach, equipping multiple Hesai XT32 and AT128 lidars for each vehicle, ensuring precise operations across various scenarios.
Hesai Technology (Nasdaq: HSAI), a global leader in lidar safety technology, has been chosen by Baidu (NASDAQ: BIDU) as the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. This deal, estimated at $200-300 million, is based on Baidu's plans to deploy 100,000 robotaxi vehicles in China. The Chinese robotaxi market is projected to reach $162.6 billion in 2025 and $403.6 billion in 2030.
Hesai dominated the global robotaxi lidar market in 2023 with a 74% share of the $124 million market. The company's total lidar shipment volume has exceeded 380,000 units as of Q1 2024. Hesai's success is attributed to its high-performance lidar technology, which is used by nine of the top ten L4 autonomous driving companies globally.
Hesai Technology (Nasdaq: HSAI) has been named the top global automotive lidar company for the third consecutive year by Yole Group's 2024 report. The report highlights Hesai's 37% market share in the lidar industry, driven by strong demand in passenger cars and robotaxis.
In 2023, the global lidar market for passenger cars and robotaxis was valued at $538 million, growing 79% year-over-year. Hesai led the market with the highest volume of lidar installations, particularly in Chinese OEMs like Li Auto and Lotus. Hesai's ADAS lidar shipments exceeded 300,000 units, securing design wins with 18 OEMs and Tier 1 suppliers. The company also dominates the robotaxi lidar market with a 74% share of the $124 million market.
Hesai is the only lidar company to achieve positive cash flow in 2023, reinforcing its competitive edge. CEO David Li emphasized the company's commitment to road safety and technological advancement. Yole Group expects Hesai to maintain its leadership with new OEM partnerships and design wins in 2024.
Hesai Technology (Nasdaq: HSAI) has been named the top automotive lidar company by market share for the third consecutive year by Yole Group. The company recorded strong revenue and shipments, strategic design wins, an expanded product roster, and new partnerships. Yole Group's "Lidar for Automotive 2024" report highlights the rapid growth of the lidar industry and Hesai's consistent leadership.
Hesai holds 37% of the global automotive lidar market, leading in both passenger cars and robotaxis. The company achieved a 26% market share in passenger cars and shipped over 300,000 units of ADAS lidar to OEM customers. Hesai also secured design wins with 18 OEMs and Tier 1 suppliers across 70 vehicle models. In the robotaxi market, Hesai commands a 74% share of the $124M market.
Hesai's strong R&D and production capabilities, coupled with positive cash flow, position it for continued market leadership in 2024.
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