Hesai Group Class B
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Yi Fan Li
- Full Time Employees
- 1,118
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Building L2-B Shanghai SH China 200050
- IPO Date
- Sep 16, 2025
- Website
- hesaitech.com
- Similar Companies
- Business
- Hesai Group (HKEX: 2525; NASDAQ: HSAI) develops, manufactures and sells three-dimensional light detection and ranging (LiDAR) solutions for advanced driver assistance systems (ADAS) in passenger and commercial vehicles; autonomous mobility fleets providing passenger and freight services; and robotics applications including last-mile delivery robots, street sweeping robots, automated guided vehicles (AGVs) and industrial logistics robots. Core products comprise automotive-grade long-range lidars such as AT128, AT512, ATX, ET25 and OT128; mid-range lidars including XT32 series; short-range lidars like QT128 and FT120; and robotics-focused models such as JT128, JT16 and FTX; with in-house manufacturing ensuring high performance, quality and affordability across optics, mechanics and electronics. Founded in 2014 and headquartered in Shanghai, China, the company operates globally with offices in Palo Alto, California, USA; Stuttgart, Germany; and manufacturing centers including Da Vinci Global Operations, Hertz Global Intelligent Manufacturing and Maxwell Global R&D facilities, serving customers in over 40 countries across North America, Europe, Mainland China and other regions. Recent developments include becoming the first LiDAR company to produce 1 million units in 2025 and projecting over 2 million cumulative deliveries; securing exclusive design wins for Li Auto's new-generation assisted driving platform; launching automotive-grade ultra-high resolution AT512, ultra-compact ATX and next-generation OT128 lidars; opening the European office in Stuttgart; achieving the world's first mass-produced fully solid-state FT120 lidar and Pandar128 cybersecurity certification; leading the first automotive LiDAR ISO international standard pre-research group; delivering over 20,000 units monthly to robotics customers; raising $370 million in Series D funding led by Xiaomi Group, Hillhouse Ventures, Meituan and CPE to support hybrid solid-state LiDAR mass production and chip development; and strategic partnerships with firms like Manycore Tech, KargoBot.ai, KUTTING Technology, SAIC Volkswagen, Westwell, Embotech and MOVA for spatial intelligence, autonomous freight, smart yards and robotic applications.
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