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

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-120.22M -	-107.22M 10.82%	-244.83M 128.35%	-300.76M 22.85%	-475.97M 58.25%
depreciation and amortization	9.72M -	19.21M 97.60%	28.23M 46.92%	53.63M 89.98%
deferred income tax
stock based compensation			54.28M -	105.22M 93.83%	234.62M 122.99%
change in working capital	162.77M -	-296.78M 282.33%	-88.72M 70.11%	-621.41M 600.45%
accounts receivables	6.96M -	-22.58M 424.26%	-31.70M 40.38%	-390.86M 1,133.15%
inventory	-32.39M -	-83.61M 158.15%	-237.75M 184.37%	-305.55M 28.52%
accounts payables	-8.48M -	36.26M 527.57%	21.83M 39.78%	128.86M 490.19%
other working capital	196.68M -	-226.86M 215.34%	158.90M 170.05%	-53.86M 133.89%
other non cash items	-6.11M -	32.77M 636.49%	22.64M 30.90%	67.31M 197.26%	241.34M 258.58%
net cash provided by operating activities	46.17M -	-352.01M 862.50%	-228.39M 35.12%	-696.01M 204.75%
investments in property plant and equipment	-39.58M -	-76.58M 93.50%	-281.60M 267.73%	-240.39M 14.64%
acquisitions net	-14.93M -	10.58M 170.86%	61.51M 481.42%
purchases of investments	-1.85B -	-2.00B 8.44%	-4.81B 140.51%	-5.62B 16.70%
sales maturities of investments	1.12B -	2.26B 101.41%	3.11B 38.00%	6.98B 124.09%
other investing activites		-10.56M -	-61.49M 482.25%	-1.96M 96.81%
net cash used for investing activites	-779.50M -	179.03M 122.97%	-1.98B 1,206.11%	1.12B 156.54%
debt repayment
common stock issued	739.74M -	317.15M 57.13%	453.98M 43.14%
common stock repurchased
dividends paid			-507.62M -
other financing activites	739.74M -	6.29M 99.15%	2.46B 38,967.85%	15.18M 99.38%
net cash used provided by financing activities	739.74M -	323.44M 56.28%	2.40B 643.18%	15.18M 99.37%
effect of forex changes on cash	1.99M -	-6.50M 426.37%	-2.44M 62.47%	25.12M 1,129.85%
net change in cash	8.40M -	143.95M 1,613.50%	192.66M 33.84%	463.93M 140.79%
cash at beginning of period	104.34M -	112.74M 8.05%	256.69M 127.69%	449.35M 75.06%	913.28M 103.24%
cash at end of period	112.74M -	256.69M 127.69%	449.35M 75.06%	913.28M 103.24%	913.28M 0%
operating cash flow	46.17M -	-352.01M 862.50%	-228.39M 35.12%	-696.01M 204.75%
capital expenditure	-39.58M -	-76.58M 93.50%	-281.60M 267.73%	-240.39M 14.64%
free cash flow	6.59M -	-428.59M 6,603.70%	-509.99M 18.99%	-936.40M 83.61%

COM:HESAITECH

Hesai Technology

Last Close

4.61

22/11 21:00

Market Cap

577.68M

Beta: -

Volume Today

410

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