Hesai Group

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Hesai Group excels in Q4, eyes global expansion and margin growth

Hesai Group's strong Q4 performance and successful IPO reflect robust growth and market acceptance.
Challenges ahead include margin pressures from increased ADAS sales and potential slowdown in Q1 ADAS units.
Opportunities lie in securing global OEM deals, expanding market presence, and shifting revenue split towards ADAS.
Overall, Hesai Group is well-positioned for growth with strategic partnerships and innovative LiDAR product offerings.

Hesai Group reports record revenue growth and navigates LiDAR challenges

Hesai Group's Q1 2023 performance reflects strong revenue growth and market leadership in LiDAR technology, with a positive outlook for increased shipments and product innovation.
Challenges include pricing pressures from declining ASP, evolving EV competition impacting feature integration, and the need to balance innovation with product longevity.
Opportunities lie in leveraging LiDAR for competitive advantage, expanding market presence in China's EV sector, and advancing R&D for enhanced product performance and cost efficiency.

Hesai Group reports record Q2 earnings, eyes market leadership

Hesai Group's Q2 2023 performance reflects exceptional growth in revenues and LiDAR shipments, positioning the company as a market leader.
While facing short-term margin pressure and OEM scrutiny, Hesai's strategic partnerships and product enhancements present significant growth opportunities.
Anticipated growth in shipments, stable gross margins, and a focus on safety standards underscore Hesai's strong market position and future potential.

Hesai Group excels in Q3, eyes global expansion and tech innovation

Hesai Group's Q3 performance exceeded expectations with strong revenue growth and margin maintenance.
The company's focus on innovation, partnerships, and quality positions it well for future growth.
Challenges in price competition and OpEx increase are being addressed strategically.
Opportunities lie in expanding margins, advanced technology adoption, and global market expansion.

Hesai Group reports strong Q4 earnings, eyes global LiDAR growth

Hesai Group's Q4 2023 earnings call highlighted robust financial performance, key partnerships, and technological advancements in LiDAR technology. Despite challenges related to the U.S. DoD dispute, the company remains focused on achieving profitability through cost management and operational efficiency. With a focus on ADAS applications and global OEM partnerships, Hesai anticipates strong revenue growth and increased demand for its products.

Hesai Group surpasses Q1 forecasts, eyes robotaxi revenue surge

Hesai Group's Q1 2024 Earnings Call showcased strong financial performance, strategic product introductions, and key partnerships. The company aims for significant revenue growth, exceeding LiDAR shipment targets, and advancing in the autonomous driving sector. Challenges include addressing competition, optimizing costs, and scaling strategies amidst industry developments.

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Hesai Group engages in the development, manufacture and sale of 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. It operates through the Light Detection and Ranging (LiDAR), and Gas Detection segments. Hesai Group was founded by Yi Fan Li, Kai Sun, and Shao Qing Xiang in October 2014 and is headquartered in Shanghai, China.

Quarterly net revenues were RMB 359.1 million (US$ 49.7 million) 1 Quarterly lidar shipments were 59,101 units

Hesai Group Reports First Quarter 2024 Unaudited Financial Results

China-based Hesai Group sued the U.S. government on Monday for adding the maker of lidar light sensors to a list of companies allegedly working with Beijing's military.

Lidar maker Hesai sues US government, denies alleged link to China's military

PALO ALTO, Calif. , May 13, 2024 /PRNewswire/ -- Hesai Group (NASDAQ: HSAI) ("Hesai" or the "Company"), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that Louis T.

Hesai Group Announces Management and Board Changes

SHANGHAI, China, April 29, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on May 20, 2024 (9:00 AM Beijing/Hong Kong Time on May 21, 2024).

Hesai Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024

SHANGHAI, China, April 25, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 25, 2024. The annual report, which contains the Company's audited consolidate statements, can be accessed on the SEC's website at https://www.sec.gov and on Hesai's investor relations website at https://investor.hesaitech.com.

Hesai Group Files Its Annual Report on Form 20-F

PALO ALTO, Calif. , April 24, 2024 /PRNewswire/ -- Marelli, a leading mobility technology supplier to the automotive sector, and Hesai Group (NASDAQ: HSAI), a global leader in automotive-grade lidar today announced a collaboration to integrate Marelli's innovative headlamp design with Hesai's next-generation lidar technology.

Marelli and Hesai showcase lidar-integrated headlamps for enhanced automotive safety

Ultra-Compact High-Performance Long-Range Lidar Designed for ADAS Series Production Vehicles Intelligent Rain and Fog Identification  PALO ALTO, Calif , April 22, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technologies for autonomous mobility systems, ADAS, and industrial robotics applications, today released its new ultra-wide field of view (FOV), long-range lidar—the ATX. With a longer detection range, higher resolution, and wider FOV, ATX empowers intelligent vehicles with excellent 3D perception.

Hesai Launches New Ultra-Wide FOV, Long-Range ATX Lidar

Xiaomi Corp

PALO ALTO, Calif. , April 2, 2024 /PRNewswire/ -- Xiaomi, a leading technology company, has officially launched its first mass-produced electric vehicle, the Xiaomi SU7, in Beijing.

Xiaomi Unveils Revolutionary SU7 Electric Vehicle Equipped with Hesai High-Performance Lidar

Hesai (HSAI) and Leapmotor team up to revolutionize driving with advanced lidar tech, boosting the future of automated mobility.

Hesai (HSAI) & Leapmotor Deepen Ties for Lidar Integration

PALO ALTO, Calif. , March 18, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI) and Leapmotor (9863.HK) today announced a strategic partnership to create a best-in-class intelligent driving experience utilizing Hesai's next generation of high-performance automotive lidar products.

Leapmotor Equips its Latest EV with Hesai Lidar

Hesai Group (NASDAQ:HSAI ) Q4 2023 Earnings Conference Call March 11, 2024 9:00 PM ET Company Participants Yuanting Shi - IR Director David Li - Co-Founder, CEO & Director Louis Hsieh - Global CFO & Director Conference Call Participants Cindy Huang - Morgan Stanley Tina Hou - Goldman Sachs Jessie Lo - Bank of America Merrill Lynch Bin Wang - Deutsche Bank Michelle Jing - Haitong International Operator Hello, ladies and gentlemen. Thank you for standing by for Hesai Group's Fourth Quarter and Full Year 2023 Earnings Conference Call.

Hesai Group (HSAI) Q4 2023 Earnings Call Transcript

Quarterly net revenues were RMB561.2 million (US$79.0 million), 1 an increase of 37.1% year-over-year Quarterly lidar shipments were 87,736 2 units, an increase of 84.6% year-over-year Full Year 2023 net revenues were RMB1,877.0 million (US$264.4 million), an increase of 56.1% year-over-year Full Year 2023 lidar shipments were 222,116 units, an increase of 176.1% year-over-year

Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Li Auto Inc.

L series upgrade to have lidar as standard configuration PALO ALTO, Calif. , March 6, 2024 /PRNewswire/ -- Li Auto Inc. (Nasdaq: LI), a leader in China's electric vehicle market, recently launched Li MEGA, its first high-voltage battery electric vehicle.

Li Auto Selects Hesai as LiDAR Supplier for its Flagship MPV Li MEGA

SHANGHAI, China, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its fourth quarter and full year 2023 unaudited financial results on Monday, March 11, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 11, 2024 (9:00 AM Beijing/Hong Kong Time on March 12, 2024).

Hesai Group to Report Fourth Quarter and Full Year 2023 Financial Results on Monday, March 11, 2024

BANGKOK — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies that the Pentagon says have links to the Chinese military.

Chinese tech company Hesai lashes back at U.S.'s claim it has ties to military

PALO ALTO, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Hesai Technology Co., Ltd. (Nasdaq: HSAI) (“Hesai” or the “Company”) today responded to the Company's inclusion on the U.S. Department of Defense's (DoD) list of “Chinese Military Companies Operating in the United States.”

Hesai Technology Plans to Challenge Inclusion on “Chinese Military Companies” List

PALO ALTO, Calif. , Jan. 31, 2024 /PRNewswire/ -- We are deeply disappointed to learn that Hesai has been added to the U.S. Department of Defense's list of "Chinese Military Companies.

Hesai Group Statement on the U.S. Department of Defense "Chinese Military Companies" List

SHANGHAI, China, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced certain preliminary, unaudited financial and operating results for the fourth quarter and full year 2023. These results are unaudited, subject to the completion of the Company's year-end financial reporting processes, reviews, audit, and potential adjustments that might result therefrom.

Hesai Group Announces Certain Preliminary Fourth Quarter and Full Year 2023 Revenues and Lidar Shipments Figures

Introduce the world's most advanced, highest performance ADAS lidar, Hesai AT512, boasting the industry's longest range and transformative highest ever resolution. Display Hesai's new ultra-thin 25 mm ET25 lidar with super long range and ultra-fine resolution, and designed to be mounted behind the windshield.

Hesai Announces Two Revolutionary New ADAS Lidar Products and Completion of Its State-of-the-Art R&D Center for Manufacturing

PALO ALTO, Calif. , Jan. 5, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar technology for automotive mobility, ADAS and industrial robotics applications, announced today an automotive ADAS lidar design win with a leading global OEM to provide advanced long-range sensors for new flagship electric vehicle models scheduled for series production.

Hesai Selected by Top Global Automotive OEM to Provide ADAS Lidars For New Flagship EV Models Series Production Program

PALO ALTO, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Hesai Technology, the global leader in lidar sensor technology for both automotive and industrial applications, responded to numerous false allegations made about the company and its technology in a letter from the House of Representatives Select Committee on the Chinese Communist Party released on November 28, 2023.

Hesai Responds to False Allegations Raised by Members of Congress

PALO ALTO, Calif. , Nov. 13, 2023 /PRNewswire/ -- Today, Hesai Technology (Nasdaq: HSAI) announced an automotive lidar design win with Great Wall Motors (hereinafter referred to as "GWM").

Hesai Announces Automotive Lidar Design Win for Multiple Series Production Vehicles with Great Wall Motors

Quarterly net revenues were RMB445.6 million (US$61.1 million), 1 an increase of 33.5% year-over-year Quarterly lidar shipments were 47,440 2 units, an increase of 125.5% year-over-year

Hesai Group Reports Third Quarter 2023 Unaudited Financial Results

Aeva Technologies Inc

Cepton

Innoviz Technologies

Luminar Technologies

AEye

MicroVision

Ouster, Inc

Ouster and Innoviz had positive financial performance in Q3, with Ouster achieving expected milestones and Innoviz maintaining its revenue forecast. Cepton and Luminar revised their forecasts downward, while MicroVision set a lower target for the year. Cash runway analysis shows that AEye and MicroVision will run out of cash in 2024, while Innoviz may exhaust its cash by 2025.

Lidar Quarterly Insights: Q3 2023 Update

PALO ALTO, Calif. , Nov. 6, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar solutions, announced today that its two flagship products -- Pandar128 robotaxi lidar and AT128 ADAS lidar for passenger cars – which are sold globally, including in the U.S., have been certified by independent, industry-leading, third-party technical testing bodies as data secure and incapable of being used for cyber attacks.

News for Hesai Group Stock (HSAI)