Hesai Group
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ROIC.AI
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- Hesai Group (NASDAQ: HSAI; HKEX: 2525) develops, manufactures and sells three-dimensional light detection and ranging (LiDAR) solutions and related products including gas detection sensors; its core LiDAR offerings encompass automotive-grade long-range models such as the AT series (AT1440/360, AT128, ATX), ET series (ETX), OT series (OT128), fully solid-state short-range FT series (FTX), mid-range XT series (XT32M/32/16), mini 360° JT series (JT16, JT128), wide-view short-range QT series (QT128) and Pandar series (Pandar128), which support advanced driver assistance systems (ADAS) in passenger and commercial vehicles, Level 4+ autonomous mobility fleets including robotaxis and robotrucks, robotics applications such as last-mile delivery and logistics robots, and industrial uses like port automation and agricultural vehicles. Founded in 2014 and headquartered in Shanghai, China, the company maintains global operations with offices in Palo Alto, California, USA; Stuttgart, Germany; and manufacturing centers including the Da Vinci Global Operations Center and Hertz and Maxwell facilities, serving customers across more than 40 countries in North America, Europe, Mainland China and other regions. Recent developments include a September 2025 $40 million exclusive LiDAR supply contract with a leading U.S. robotaxi operator for long- and short-range products through 2026, design wins for Li Auto's new-generation assisted driving platform in November 2025, achievement of 2025 profitability one quarter ahead of schedule with new supply agreements alongside Pony.ai and Hello in November 2025, surpassing 1 million units produced in 2025 by October and nearing 2 million cumulative deliveries by November, a dual-primary listing on the Hong Kong Stock Exchange raising $614 million in September 2025, and launches of advanced products like the ultra-high resolution AT512, compact ATX and next-generation OT128.
Company News
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