Hesai Group Stock Price, News & Analysis

Hesai Group (traded on Nasdaq under the symbol HSAI, with American Depositary Shares) is a technology company focused on the development, manufacture, and sale of three-dimensional light detection and ranging (lidar) solutions. According to its public disclosures, the company’s lidar products support a broad spectrum of applications across passenger and commercial vehicles with advanced driver-assistance systems (ADAS), autonomous driving vehicles, and a range of robotics and other non‑automotive uses such as last‑mile delivery robots and automated guided vehicles (AGVs). Hesai describes itself as a global leader in lidar solutions, with customers in more than 40 countries and offices in Shanghai, Palo Alto, and Stuttgart.

Core business and technology focus

Hesai’s business centers on designing and producing lidar sensors that provide real‑time 3D perception. These products are used in two main areas that the company highlights in its communications: ADAS for passenger and commercial vehicles, and Robotics, which includes autonomous driving vehicles and non‑automotive platforms such as last‑mile delivery robots and AGVs. The company integrates in‑house manufacturing with lidar research and development, aiming to support rapid product iteration while maintaining performance and quality.

Public materials describe Hesai’s capabilities across optics, mechanics, and electronics, and emphasize proprietary application‑specific integrated circuits (ASICs) that underpin multiple generations of its lidar technology. Hesai has developed several product series, including AT, ET, FT, XT, OT and JT, which it associates with different use cases in automotive and robotics markets. These lidar units generate high‑resolution point clouds for perception systems and are intended to function in a range of environmental and lighting conditions.

Automotive and ADAS applications

In the automotive sector, Hesai positions its lidar as a safety feature for ADAS and higher levels of driving automation. Company communications describe lidar as an “invisible seatbelt” that can help prevent accidents by detecting obstacles and hazards, including in challenging conditions such as rain, fog, or darkness. Hesai reports design wins from multiple automotive original equipment manufacturers (OEMs) for mass‑production programs, covering more than one hundred vehicle models over a multi‑year period.

The company notes that lidar adoption is increasing in electric and new‑energy vehicles and that some OEM partners have made lidar a standard feature across new models. Hesai’s AT series lidar has been used in mass‑produced vehicles to support advanced driver‑assistance functions. The company also highlights next‑generation automotive lidar products such as ETX and FTX, which it associates with long‑range and short‑range sensing for higher‑level driving automation. ETX is described as an automotive‑grade, ultra‑long‑range lidar for L3 and L4 applications, designed for integration on the roof or behind the windshield, while FTX is described as a solid‑state lidar used for short‑range blind‑spot detection and for low‑altitude drone applications.

Autonomous driving and Level 4 partnerships

Beyond ADAS, Hesai’s lidar is used in autonomous driving fleets for passenger and freight mobility services. The company reports supplying lidar to robotaxi and robotruck operators and notes that some vehicles integrate multiple Hesai lidars per unit. Hesai has announced that it supplies nine of the world’s top ten robotaxi service providers, naming partners such as Motional, Baidu, Didi, Pony.ai, and WeRide in its public news releases.

Hesai has also been selected as a lidar partner for NVIDIA DRIVE Hyperion 10, a reference compute and sensor architecture described as enabling Level 4‑ready vehicles. In this context, Hesai’s ETX lidar is qualified as part of an ecosystem that includes cameras, radar, lidar, and ultrasonic sensors. This collaboration reflects the company’s role in supporting perception systems for higher‑level automated driving.

Robotics, physical AI, and motion capture

In robotics and industrial markets, Hesai’s lidar products are used in applications such as robotaxis, robotrucks, last‑mile delivery robots, lawn‑mowing robots, cleaning robots, AGVs, autonomous mobile robots (AMRs), humanoid robots, intelligent companion robots, and 3D spatial digitalization devices. The company’s JT series mini 360° hyper‑hemispherical 3D lidars are described as compact, low‑power units with an ultra‑wide field of view, intended for seamless integration across a range of mobile robots and industrial platforms. Hesai reports that the JT series has achieved substantial cumulative deliveries, indicating adoption in robotics deployments.

Hesai has also announced a partnership with MOVIN, a motion‑AI startup, to supply its JT128 lidar for real‑time 3D motion‑capture systems. JT128 is described as a mini hyper‑hemispherical 3D lidar with a 360° × 189° field of view and 128 channels, generating high‑resolution, low‑latency point clouds for motion AI. In this use case, lidar is used to overcome limitations of traditional camera‑based motion capture and to enable studio‑grade motion data in varied environments.

Low‑altitude logistics and drone applications

Hesai’s lidar is also used in low‑altitude logistics. The company has announced a strategic partnership with Keeta Drone, Meituan’s autonomous urban delivery sub‑brand, to supply its second‑generation solid‑state FTX lidar for next‑generation delivery drones. FTX is described as providing an ultra‑wide field of view and precise detection of small obstacles such as power lines and tree branches along flight paths, and as being designed to operate in varied lighting and weather conditions. In demonstrations reported by the company, drones equipped with FTX have performed nighttime flights relying on lidar‑based navigation.

Manufacturing scale and production capabilities

Hesai emphasizes its in‑house manufacturing and automation capabilities. Public announcements state that the company has built an integrated R&D and production center and developed four generations of proprietary ASICs. Its production lines are described as fully automated, with cycle times measured in seconds per unit. Hesai reports that it became the first lidar company to produce one million units in a single year and that its JT series and other product lines have reached high cumulative delivery volumes across ADAS and robotics markets.

The company has also announced plans to expand its annual lidar production capacity, including the development of a factory in Bangkok, Thailand, to support rising global demand. This expansion is presented as part of a broader effort to build a global manufacturing footprint for mass‑production lidar.

Global footprint and listings

Hesai’s disclosures indicate that it operates in North America, Mainland China, Europe, and other regions, and that it has customers in more than 40 countries. The company has established offices in Shanghai in the People’s Republic of China, Palo Alto in the United States, and Stuttgart in Germany. Hesai’s securities are listed on Nasdaq in the form of American Depositary Shares and on the Stock Exchange of Hong Kong under a separate code, and the company files reports with the U.S. Securities and Exchange Commission as a foreign private issuer on Form 20‑F and Form 6‑K.

Industry recognition and safety impact

Hesai has been recognized on Fortune’s Change the World list for its role in redefining road safety through lidar deployment. In its public statements, the company highlights external data indicating reductions in general road accidents and fatal highway accidents for vehicles equipped with its lidar, based on reports from an automotive customer. Hesai also notes that it has reduced lidar costs significantly through proprietary ASIC technology and mass‑production, making lidar‑based driver‑assistance systems available in lower‑priced vehicles.

Company status and regulatory reporting

Recent SEC filings on Form 6‑K show that Hesai continues to report monthly movements in securities, financial results, and other announcements as a foreign private issuer. These filings include press releases on earnings, global offerings, and Hong Kong listing‑related matters. There is no indication in the provided filings of delisting, deregistration, bankruptcy, or completed merger events.

FAQs about Hesai Group (HSAI)

• What does Hesai Group do?
  Hesai Group develops, manufactures, and sells three‑dimensional lidar solutions. Its lidar products are used in passenger and commercial vehicles with ADAS, autonomous driving vehicles, and robotics and other non‑automotive applications such as last‑mile delivery robots and AGVs, as described in its public materials.
• In which sectors does Hesai’s lidar operate?
  According to company disclosures, Hesai’s lidar operates in automotive ADAS, autonomous driving fleets for passenger and freight mobility, robotics applications including mobile robots and industrial platforms, and non‑automotive uses such as last‑mile delivery robots and AGVs.
• Where does Hesai Group conduct business geographically?
  The company states that it operates in North America, Mainland China, Europe, and other regions, with customers in more than 40 countries. It has offices in Shanghai, Palo Alto, and Stuttgart.
• How is Hesai involved in advanced driver‑assistance systems (ADAS)?
  Hesai supplies lidar sensors that support ADAS functions in passenger and commercial vehicles. The company reports design wins from multiple automotive OEMs for mass‑production programs and notes that some partners have adopted lidar as a standard feature across new models.
• What role does Hesai play in autonomous driving and robotaxis?
  Hesai provides lidar to autonomous driving fleets, including robotaxis and robotrucks. Public announcements state that it supplies nine of the world’s top ten robotaxi service providers, with some vehicles integrating multiple Hesai lidars to support perception and safety requirements.
• What are Hesai’s key lidar product series?
  In its communications, Hesai refers to several lidar series, including AT, ET, FT, XT, OT, and JT. These series are associated with different use cases, such as long‑range automotive lidar, short‑range blind‑spot detection, and compact 360° hyper‑hemispherical lidar for robotics and industrial applications.
• How does Hesai describe its manufacturing capabilities?
  The company describes its manufacturing as in‑house and highly automated, with an integrated R&D and production center. It reports fully automated production lines and proprietary ASIC development, and has announced milestones such as producing one million lidar units in a single year.
• Is Hesai Group still listed and filing with the SEC?
  Based on the provided Form 6‑K filings, Hesai continues to file current reports as a foreign private issuer, including financial results and securities movements. The information supplied does not indicate delisting or deregistration events.
• How is Hesai’s lidar used in robotics and physical AI?
  Hesai reports that its lidar is used in robotaxis, robotrucks, last‑mile delivery robots, lawn‑mowing robots, cleaning robots, AGVs, AMRs, humanoid robots, and 3D spatial digitalization devices. Its JT series mini 360° hyper‑hemispherical lidars are designed for these robotics and industrial platforms.
• What partnerships has Hesai announced related to its lidar technology?
  Public news releases describe partnerships with automotive OEMs, robotaxi and robotruck operators, NVIDIA for the DRIVE Hyperion 10 platform, MOVIN for lidar‑based motion capture using JT128, and Keeta Drone for low‑altitude logistics using FTX lidar.