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
revenue	348.08M -	415.51M 19.37%	720.77M 73.46%	1.20B 66.86%	1.88B 56.07%
cost of revenue	103.38M -	176.60M 70.83%	338.97M 91.94%	730.68M 115.56%	1.22B 66.37%
gross profit	244.71M -	238.91M 2.37%	381.80M 59.80%	471.99M 23.62%	661.38M 40.13%
selling and marketing expenses	38.74M -	49.90M 28.82%	69.27M 38.80%	104.83M 51.35%	148.80M 41.94%
general and administrative expenses	55.11M -	76.55M 38.90%	236.71M 209.21%	201.01M 15.08%	320.14M 59.27%
selling general and administrative expenses	93.85M -	126.46M 34.74%	305.98M 141.96%	305.84M 0.04%	468.94M 53.33%
research and development expenses	149.82M -	229.65M 53.29%	368.44M 60.43%	555.18M 50.69%	790.55M 42.39%
other expenses	-11.01M -	-15.38M 39.74%	-27.33M 77.67%	-10.82M 60.43%
cost and expenses	336.04M -	517.33M 53.95%	986.05M 90.61%	1.58B 60.32%	2.45B 54.92%
operating expenses	232.66M -	340.73M 46.45%	647.08M 89.91%	850.20M 31.39%	1.23B 45.07%
interest expense				-151.88M -
ebitda	172.25M -	-56.90M 133.03%	-223.78M 293.28%	-399.07M 78.33%	-517.96M 29.79%
operating income	162.53M -	-101.81M 162.64%	-265.29M 160.56%	-378.22M 42.57%	-571.59M 51.13%
depreciation and amortization	9.72M -	44.91M 361.86%	41.51M 7.58%	-20.86M 150.25%	53.63M 357.14%
total other income expenses net	-281.82M -	-5.60M 98.01%	19.34M 445.23%	77.39M 300.07%	96.28M 24.42%
income before tax	-119.29M -	-107.42M 9.96%	-245.94M 128.96%	-300.83M 22.32%	-475.31M 58.00%
income tax expense	930K -	-199K 121.40%	-1.11M 460.30%	-66K 94.08%	658K 1,096.97%
net income	-120.22M -	-107.22M 10.82%	-244.83M 128.35%	-300.76M 22.85%	-475.97M 58.25%
weighted average shs out	125.53M -	125.53M 0%	125.53M 0%	125.53M 0%	124.78M 0.60%
weighted average shs out dil	125.53M -	125.53M 0%	125.53M 0%	125.53M 0%	124.78M 0.60%
eps	-0.96 -	-0.85 11.46%	-1.95 129.41%	-2.40 23.08%	-3.81 58.75%
epsdiluted	-0.96 -	-0.85 11.46%	-1.95 129.41%	-2.40 23.08%	-3.81 58.75%

COM:HESAITECH

Hesai Technology

Last Close

4.61

22/11 21:00

Market Cap

577.68M

Beta: -

Volume Today

410

Avg: -

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