Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is based in Shanghai, China.

Hesai Group

Hesai Technology is the global leader in three-dimensional light detection and ranging (LiDAR) solutions. The Company’s LiDAR products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. As of December 31, 2022, Hesai has shipped over 100,000 LiDAR units in total. The Company’s commercially validated solutions are backed by superior research and development capabilities across optics, mechanics, electronics, and software. Hesai integrates LiDAR designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 90 cities in 40 countries. 

E-mail
info@hesaitech.com
pr@hesaitech.com (media)

Phone
Headquarters (Shanghai): +86 400-805-1233
US Office: +1 650-665-7837

Hesai Technology

We're #hiring a new Marketing Manager/Director in Palo Alto, California. Apply today or share this post with your network.

We are thrilled to announce our collaboration with NVIDIA DRIVE, a global leader in AI and simulation technology. By integrating Hesai's cutting-edge lidar sensors within the NVIDIA DRIVE and Omniverse ecosystems, we are pushing the boundaries of autonomous driving like never before!

The combination of Hesai's expertise in lidar sensors and NVIDIA's AI and simulation platforms creates an unparalleled opportunity for the autonomous driving industry. By accessing Hesai lidar sensor models in DRIVE Sim, developers can enhance the accuracy of real-world lidar data simulation. This synergy leads to more efficient and reliable autonomous driving systems, driving us closer to a safer future on the roads.

This partnership marks an exciting milestone in our ongoing collaboration with NVIDIA, and we are eager to continue working together to integrate GPU and lidar technology into self-driving vehicles effortlessly.
Learn more about the collaboration:
https://lnkd.in/gAZXYr2g

#lidar #DRIVESim #autonomousdriving #AI

🤏🏼ET25: Hesai's sleek in-cabin lidar!🤏🏼

As cars evolve with sleeker designs, we at Hesai understand the need for a more compact and sophisticated lidar sensor to match modern aesthetics. Meet the ET25, our first in-cabin long range lidar sensor!

Named for its extremely thin build, the ET25 is a game changer in automotive lidar technology. Designed for behind-the-windshield application, it seamlessly fits inside the vehicle cabin, preserving the original design and ensuring an unobstructed view for the driver. 

The ET25's innovative design redefines how lidar sensors integrate into vehicles, striking the perfect balance between style and functionality. Learn more about our newest lidar solution here: https://lnkd.in/gpQ47Gb9

#lidar #automotive #ADAS #ExtremelyThin

We're #hiring a new Senior Device Engineer in Shanghai. Apply today or share this post with your network.

Short-range lidar provides better visibility and protection in tight areas like parking structures and garages.  

With its precise and real-time data, you can maneuver your vehicle with confidence and accuracy, even in the tightest of spaces.  The compact size of our QT128 stands at 83 mm tall.  With such a small size, it allows seamless integration into vehicles and provides a 360° view thus eliminating blind spots like other vehicles, walls, and animals.  

Get to know the QT128 here: https://lnkd.in/ge6ACg5X  

#lidar #ADAS #360protection

AMRs significantly contribute to warehouse and logistics operations by automating material transportation, order picking, and inventory management.  

Integrating lidar technology enhances their capabilities by providing accurate perception, obstacle avoidance, precise localization, and adaptability to changing environments.   

How can Hesai's lidar sensors help bridge the gap between warehouse logistics and industrial robotics?  https://lnkd.in/g8xTwaSG 

#lidar #AMR #industrial #robotics

We're #hiring a new Autonomous Driving Sales in Palo Alto, California. Apply today or share this post with your network.

We are thrilled to be featured in the Forbes regarding the future of lidar in the automotive market.  

The latest Yole Group report on "LiDAR for Automotive" reveals exciting insights into the booming lidar market. With an estimated revenue of $332M in 2022, the market is set to soar approximately 15 times by 2028, reaching a staggering $4.7B/year. Hesai (NASDAQ: #HSAI) emerges as a dominant force, leading the L4 robotaxi market and making impressive strides in the L2/L3 ADAS applications.

Hesai is determined to increase its market penetration for ADAS and L3 autonomy in consumer cars worldwide. Its miniaturized form factor, low power consumption, and behind-windscreen mounting make us an attractive choice for automotive OEMs seeking superior perception and safety.

Read the full article: 
https://lnkd.in/gTR7_hi8 

#lidar #automotive #ADAS

Hesai Technology (NASDAQ: HSAI) has been recognized by Yole Group as the number one global automotive lidar supplier for the second consecutive year!  🌟🌐

🔍 Leading market share: According to Yole Intelligence's "LiDAR for Automotive 2023" report, Hesai secured close to half of the total global automotive lidar market share by revenue. Our relentless focus on providing cutting-edge lidar solutions for passenger cars and robotic cars, including robotaxis, has positioned us as the market leader.

🚀 Dominating the robotic cars lidar market: Hesai continues to lead the global robotic cars lidar market with an impressive 67% market share, valued at $147M.

📈 Rapid growth in the passenger car lidar market: Yole Intelligence reports a remarkable 285% YoY growth in the global passenger car lidar market, and Hesai is leading with 23% market share by revenue and 31% of design wins. 

Read the full Yole report here: https://lnkd.in/gma5rH_f

#lidar #ADAS #robotaxi #YoleGroup

	Mar '21	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22	Dec '22	Mar '23	Jun '23	Sep '23	Dec '23	Mar '24	Jun '24
net income	-69.76M -	-69.76M 0%	-35.28M 49.42%	-70.03M 98.48%	-25.07M 64.19%	-69.65M 177.79%	-70.75M 1.58%	-135.29M 91.21%	-118.91M 12.11%	-74.38M 37.45%	-141.76M 90.59%	-140.91M 0.60%	-106.92M 24.12%	-72.06M 32.61%
depreciation and amortization	6.19M -	6.19M 0%	8.16M 31.74%	7.69M 5.76%			15.97M -	14.97M 6.24%
deferred income tax							244.54M -
stock based compensation			23.56M -	30.73M 30.42%	27.14M 11.65%	27.45M 1.11%	25.55M 6.92%	25.08M 1.84%	120.48M 380.41%	33.76M 71.98%	39.82M 17.96%	40.57M 1.88%	37.80M 6.82%	28.50M 24.59%
change in working capital	-32.81M -	-32.81M 0%	-108.27M 229.99%	-92.45M 14.61%			-270.09M -	-134.49M 50.21%
accounts receivables	-6.68M -	-6.68M 0%	-51.00M 664.05%	-8.01M 84.30%			-138.42M -	-114.48M 17.30%
inventory	-56.02M -	-56.02M 0%	-77.17M 37.76%	-48.54M 37.10%			-131.67M -	-100.17M 23.93%
accounts payables				-12.94M -				25.27M -
other working capital	29.88M -	29.88M 0%	19.91M 33.39%	-22.95M 215.30%				54.89M -
other non cash items	57.30M -	57.30M 0%	75.90M 32.46%	9.77M 87.13%	-2.07M 121.20%	69.65M 3,463.25%	-161.83M 332.34%	39.38M 124.33%	118.91M 201.99%	74.38M 37.45%	101.94M 37.05%	100.34M 1.57%	69.13M 31.11%	43.55M 36.99%
net cash provided by operating activities	-39.08M -	-39.08M 0%	-35.94M 8.04%	-114.30M 218.05%		27.45M -	-216.62M 889.25%	-190.35M 12.13%	120.48M 163.30%	33.76M 71.98%
investments in property plant and equipment	-20.43M -	-20.43M 0%	-98.42M 381.75%	-94.44M 4.04%			-77.70M -	-18.00M 76.84%
acquisitions net				13.61M -
purchases of investments				-2.37B -				-1.32B -
sales maturities of investments				1.65B -				1.69B -
other investing activites	104.60M -	104.60M 0%	-1.24B 1,284.28%	-13.59M 98.90%			308.89M -	-1.96M 100.64%
net cash used for investing activites	84.17M -	84.17M 0%	-1.34B 1,688.65%	-811.41M 39.32%			231.19M -	350.04M 51.41%
debt repayment
common stock issued
common stock repurchased
dividends paid				-558K -
other financing activites	966.74M -	966.74M 0%	16.60M 98.28%	558K 96.64%				15.18M -
net cash used provided by financing activities	966.74M -	966.74M 0%	16.60M 98.28%	453.64M 2,633.28%			716.94M -	15.18M 97.88%
effect of forex changes on cash	6.33M -	6.33M 0%	9.45M 49.30%	-24.55M 359.77%			19.05M -	-12.15M 163.80%
net change in cash	1.02B -	1.02B 0%	-1.35B 232.30%	-496.62M 63.13%		27.45M -	750.56M 2,634.68%	162.72M 78.32%	120.48M 25.96%	33.76M 71.98%
cash at beginning of period	256.69M -	1.27B 396.66%	2.29B 79.87%	945.97M 58.75%	449.35M 52.50%			750.56M -	913.28M 21.68%
cash at end of period	1.27B -	2.29B 79.87%	945.97M 58.75%	449.35M 52.50%	449.35M 0%	27.45M 93.89%	750.56M 2,634.68%	913.28M 21.68%	1.03B 13.19%	33.76M 96.73%
operating cash flow	-39.08M -	-39.08M 0%	-35.94M 8.04%	-114.30M 218.05%		27.45M -	-216.62M 889.25%	-190.35M 12.13%	120.48M 163.30%	33.76M 71.98%
capital expenditure	-20.43M -	-20.43M 0%	-98.42M 381.75%	-94.44M 4.04%			-77.70M -	-18.00M 76.84%
free cash flow	-59.51M -	-59.51M 0%	-134.35M 125.78%	-208.73M 55.36%		27.45M -	-294.32M 1,172.36%	-208.34M 29.21%	120.48M 157.83%	33.76M 71.98%

COM:HESAITECH

Hesai Technology

Last Close

4.61

22/11 21:00

Market Cap

577.68M

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