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 (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.
Hesai (NASDAQ: HSAI) has secured an exclusive agreement with Changan Automobile to supply over 1.5 million ATX compact lidar units for their new intelligent driving platform. The partnership will cover more than 10 vehicle models across multiple Changan brands, with initial mass production scheduled for the second half of 2025.
This agreement builds upon their existing strategic partnership from 2022, which recently saw success with the Changan Nevo E07 launch in October 2023, featuring two Hesai AT128 lidars. The ATX model, introduced in April 2023, utilizes Hesai's proprietary technology to deliver enhanced point cloud resolution while reducing size, weight, and power consumption. Multiple automotive companies have already selected ATX for their 2025 mass-production models.
Hesai (Nasdaq: HSAI), the global leader in lidar technology, will showcase at CES 2025 in Las Vegas (January 7-10) and launch a new mini 3D lidar device. The company, which has delivered over 600,000 units globally as of Q3 2024, will unveil this compact lidar solution during a press conference on January 7.
The new device, no larger than a billiard ball, combines high resolution with low power consumption and is designed for AGVs, AMRs, delivery robots, autonomous lawnmowers, and agricultural machinery. Celebrating its 10th anniversary, Hesai serves customers in over 40 countries, holds more than 1,700 patents, and maintains operations across Europe, the US, and Asia.
Hesai Group (NASDAQ: HSAI) reported Q3 2024 financial results with net revenues of RMB539.4 million (US$76.9 million), up 21.1% year-over-year. Total lidar shipments reached 134,208 units, a 182.9% increase from Q3 2023. ADAS lidar shipments grew 220% to 129,913 units. The company achieved a gross margin of 47.7%, up from 30.6% in Q3 2023. For Q4 2024, Hesai expects net revenues to approach US$100 million and projects 200,000 unit shipments. The company anticipates achieving full-year profitability on a non-GAAP basis for 2024, positioning it as the first automotive lidar company worldwide to reach this milestone.
Hesai Group (NASDAQ: HSAI), a global leader in 3D lidar solutions, announced it will release its Q3 2024 unaudited financial results on Monday, November 25, 2024, after U.S. markets close. The company will host an earnings conference call at 8:00 PM ET on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). A live and archived webcast will be available on the company's investor relations website, with a replay accessible until December 3, 2024.
Hesai Technology (NASDAQ: HSAI), a global leader in lidar solutions, has been announced as the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The first model on this platform is expected to enter mass production in 2025. This exclusive partnership builds upon their existing collaboration in intelligent driving, with Hesai already supplying its AT128 lidar for Leapmotor's C-series intelligent driving edition models.
Leapmotor has begun sales in Europe, with over 200 dealers across 13 countries, and plans to expand to 500 sales points in Europe by the end of 2025. The partnership aims to accelerate Leapmotor's leadership in Advanced Driver-Assistance Systems (ADAS) and its global application.
Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, has announced a new partnership with SAIC Volkswagen to develop an automotive lidar program. This cooperation aims to create a new ecosystem for the automotive industry, leveraging Hesai's advanced lidar products and technology.
SAIC Volkswagen, a Sino-German joint venture between SAIC Group and Volkswagen Group, sold 1.2 million cars in 2023 and nearly 700,000 in the first eight months of this year. Hesai Technology, known for its integrated lidar manufacturing and R&D process, has delivered over 470,000 units to customers as of Q2 2024 and holds more than 1,700 patents and patent applications worldwide.
According to Yole Intelligence's Lidar for Automotive 2024 report, Hesai commands a 74% market share in the robotic car lidar market globally, with nine out of the top ten autonomous driving companies using Hesai's 360° high-performance lidar.
Hesai Technology (Nasdaq: HSAI) has unveiled its new lidar solution, OT128, at the IAA Transportation fair in Hannover. The OT128 is a 360° long-range lidar designed for Level 4 autonomous driving and high-precision applications. Key features include:
- Detection range up to 200 meters at 10% reflectivity
- Angular resolution of 0.1° x 0.125°
- Over 3.45 million data points per second
- 95% reduction in production time per unit
- Automotive-grade reliability with ASIL B certification
- Design life exceeding 30,000 hours
The OT128 has already gained traction with European partners like Embotech and EasyMile for various autonomous vehicle applications. Hesai leads the global robotic car lidar market with a 74% market share.