Hesai - TechWire

Hesai

2025.04.11

12:36

Report: Chinese LiDAR brands account for 92% of the global market share

The "2025 Global Automotive LiDAR Market Report" released by Yole Group, an international market research and strategic consulting organization, shows that the global passenger car LiDAR market continues to grow rapidly, expanding by 68% year-on-year in 2024, and the market size has climbed to US$692 million. Thanks to the widespread application of high-level intelligent driving assistance systems equipped with LiDAR in the Chinese market, the global LiDAR market has ushered in rapid development, among which Chinese LiDAR brands account for 92% of the market share. RoboSense ranks first in the world with a market share of 26%, with annual sales of 519,800 units. Hesai Technology's annual sales reached 455,200 units, with a market share of 22.77%, ranking second in the world; Huawei's annual sales reached 421,600 units, with a market share of 21.09%, ranking third in the world.

2025.04.08

15:48

Hesai Technology and Leapmotor deepen cooperation and officially announce an order for 200,000 LiDARs

On April 7, Leapmotor and Hesai Technology officially reached a strategic cooperation agreement at the headquarters of Leapmotor. Leapmotor plans to purchase about 200,000 Hesai ATX LiDARs to cover a number of Leapmotor mass-produced models starting in 2025. As the exclusive LiDAR supplier of Leapmotor, Hesai will provide it with advanced perception technology support. This cooperation marks a new stage in the strategic cooperation between the two parties in the field of intelligent driving.

2025.03.29

04:09

Nasdaq Golden Dragon China Index initially closed down 3.1%

The Nasdaq Golden Dragon China Index initially closed down 3.1%. Popular Chinese concept stocks generally fell, with Hesai Technology falling about 12%.

2025.03.25

19:44

After the battle of intelligent driving among car companies started, a leading LiDAR manufacturer said: "Orders are booming", and the three giants have swallowed up more than 90% of the market

Since March, there have been constant reports of laser radars being installed in cars. The "arms race" among car companies for intelligent driving has escalated, and laser radar manufacturers have clearly become the big winners. An insider from a leading laser radar manufacturer said, "Orders have exploded." "For laser radar suppliers, they can basically see their volumes in the next 1-2 years through fixed-point orders. This year will be a year of large-scale volume increase." However, behind the explosion of orders, another insider from a laser radar manufacturer told Blue Whale Auto that the industry has a high degree of market concentration, but there are undercurrents among the top players. After car companies increase their volumes, they adopt the AB supply trend, and orders from laser radar manufacturers may be cut by each other. For example, BYD is currently cooperating with Sagitar, and some of its models are also supplied by Hesai Technology.

2025.03.19

15:44

Hesai responds to Blue Orca Capital's short selling: Strong opposition, accusations are groundless

In response to the short-selling by Blue Orca Capital, Hesai Technology said today that it has paid attention to the report released by Blue Orca Capital. Hesai has always adhered to strict business ethics and compliance requirements, strongly opposes the allegations in the Blue Orca Capital report, and believes that they are groundless. Previously, Blue Orca Capital listed the Chinese LiDAR manufacturer Hesai Technology as a new short-selling target, questioning its financial disclosure and other issues.

2025.03.18

22:54

Hesai Group's U.S.-listed shares fell more than 10% after being shorted by short-selling firm Blue Orca.

2025.03.17

22:54

US LiDAR stocks strengthened

U.S. lidar concept stocks strengthened, with Luminar Technologies surging more than 24%, Hesai rising more than 12%, Ouster rising more than 5%, and Innoviz Technologies rising nearly 4%.

07:58

Hesai Technology plans to build factories overseas

Hesai Technology, China's largest maker of lidar (optical radar) sensors, plans to build factories overseas next year as customers urge it to avoid geopolitical tensions. In an interview, Andrew Fan, chief financial officer of Hesai Technology, said the company is seeking to build production lines overseas in addition to its Chinese factories to "avoid geopolitical and tariff-related risks." "Customers who want to diversify their risks find this a wise approach," he said, adding that a diversified supply chain can also hedge against potential logistics disruptions.

2025.03.13

04:03

Popular Chinese stocks rose and fell; Nasdaq China Golden Dragon Index fell 1.21%

2025.03.12

10:43

Hesai was designated by Mercedes-Benz? Staff: No comment

On March 12, media reported that Mercedes-Benz will use Hesai (HSAI.O)'s lidar to develop smart driving cars for the global market. In response, a Hesai Technology staff member replied to the reporter: "We have seen the relevant news, but we do not comment on unconfirmed information related to our business."

10:07

Hesai has been exclusively appointed by a top European OEM for many years and has won the largest overseas pre-installed mass-produced LiDAR order

Hesai Technology announced today that it has reached a milestone multi-year exclusive cooperation with a top European OEM to provide high-performance ultra-long-range LiDAR for its next-generation automotive platform, covering multiple models of its fuel vehicles and new energy vehicles. This is a multi-year long-term cooperation project spanning 2030 and is also the largest order in the field of overseas pre-installed mass-produced LiDAR to date.

09:28

Unmanned driving concept stocks opened higher, with Laisai Laser opening up more than 25%

Unmanned driving concept stocks opened higher, with Laisai Laser opening up more than 25%, Wanji Technology, Sotong Development, Lianchuang Electronics, and Haowen Automotive Electric opening up sharply. It was reported that Mercedes-Benz plans to develop intelligent driving cars for the global market and will be equipped with lidar sensors from Chinese company Hesai Technology.

2025.03.11

22:08

Hesai Technology rose more than 38%

Hesai Technology rose more than 38%, with a net profit of 147 million yuan in Q4 2024. The company expects to ship 200,000 units of robot lidar this year.

2025.02.11

13:56

By 2025, more than ten BYD models will be equipped with Hesai LiDAR and will be launched one after another

Hesai Technology announced today that it will deepen its cooperation with BYD in intelligent driving and will soon enter the stage of large-scale mass production. In 2025, more than ten BYD models will be equipped with Hesai LiDAR and will be launched one after another.

2025.01.13

15:13

RoboSense and Hesai launched a number of new LiDAR products. Everbright Huaxin responded: It has always been supplied in small batches

The laser chip listed company Everbright Huaxin opened high and closed at the daily limit. The Western Securities Electronics Team pointed out that RoboSense, Hesai and others have launched a number of new laser radar products, and there is great potential in the field of robotics. In this regard, the reporter called Everbright Huaxin as an investor, and the staff said that they have been supplying RoboSense and Hesai in small batches. When asked whether there will be a large volume next year, the staff said that it is necessary to pay attention to the market situation, because mainstream manufacturers have not fully adopted laser radars, and the penetration rate of new energy vehicles is also average. Except for Huawei, which uses more, other manufacturers have not fully followed up. It is worth mentioning that Everbright Huaxin also stated that the company's single-wave 100Gbps electro-absorption modulator laser diode (EML) chip is the core component of the current 400G/800G supercomputing data center interconnect optical module. When talking about whether to supply domestic optical module companies, the above-mentioned personnel said that they are still in contact, many of them are in the negotiation and discussion stage of early cooperation, and some have small batches of supply.

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