SHANGHAI, April 24, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotic applications, today announced that its long-range, automotive-grade AT128 lidar has been selected as the primary lidar solution for all three mass production models of the new seventh-generation Robotaxi unveiled by Pony AI Inc. (NASDAQ:PONY), a global leader in the large-scale commercialization of autonomous mobility. Each vehicle will be equipped with four Hesai's AT128 lidar sensors, demonstrating Hesai's critical role in enabling advanced autonomous driving capabilities. The announcement was made at the Shanghai International Automobile Industry E

SHANGHAI, April 21, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), a global leader in lidar technology, officially launched its groundbreaking lidar solution for L2 to L4 autonomous driving - Infinity Eye - along with three next-generation automotive-grade lidar products: the ETX ultra-long-range lidar, the AT1440 ultra-high-definition lidar, and the FTX fully solid-state blind spot lidar. The solution includes three configurations - Infinity Eye A, Infinity Eye B, and Infinity Eye C - each tailored to meet the specific requirements of L4+ high-level autonomous systems, L3 conditional autonomous driving, and L2 assisted driving, respectively. Infinity Eye A: Ultra-High Definition, Zero Blin

SHANGHAI, April 16, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotic applications, today announced that its advanced ATX lidar solution will be integrated as standard into the newly launched luxury shooting brake sedan, Zeekr 007GT. This marks a significant milestone in the strategic partnership between Hesai and Zeekr. In the future, additional Zeekr models will integrate this advanced lidar technology, solidifying Hesai's brand's position at the forefront of the intelligent driving industry. The Hesai ATX that powers the Zeekr 007GT intelligent driving system, is a small, ultra-high-definition, long-range lidar lever

SHANGHAI, April 15, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotic applications, today announced that its long-range automotive lidar AT128 has been selected as the lidar solution for the first L4 production-ready Robotaxi jointly unveiled by Didi Autonomous Driving, the self-driving technology arm of DiDi Global ("DiDi"), and GAC Aion New Energy Automobile Co., Ltd. ("GAC Aion"), a Chinese electric vehicle manufacturer and a subsidiary of the Guangzhou Automobile Group (GAC Group). Debuting at the 2025 GAC Tech Day and GAC Intelligent Safety Summit in Guangzhou, the vehicle is set to enter mass production this year,

PALO ALTO, Calif., April 11, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotics application, has been named the top automotive lidar company by market share for the fourth consecutive year by Yole Group, a global advisory and market analysis firm recognized for its expertise in the semiconductor, photonic, and electronic sectors. The report highlights Hesai's continued leadership in the global lidar industry, emphasizing its market-leading revenue share, and dominant presence across both ADAS-enabled passenger cars and the robotaxi segment. This leadership position was bolstered by strategic partnerships with leading glo

PALO ALTO, Calif., April 3, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotics application, today announced that its lidar solution have been selected by WeRide (NASDAQ:WRD) to power its autonomous vehicles, which will begin operating on Uber Technologies, Inc.'s (NYSE:UBER) platform in Dubai as part of the city's 2030 smart mobility initiative. This marks a key moment in the development of autonomous transportation in the Middle East. Each of the autonomous vehicles will be equipped with four Hesai automotive-grade long-range lidars. As Dubai aims to transform 25% of all journeys in the city into autonomous trips

SHANGHAI, China, April 01, 2025 (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, 2024 with the Securities and Exchange Commission (the "SEC") on April 1, 2025. 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. The Company will also provide a hard copy of the annual report containing its audited consolidated financial

PALO ALTO, Calif., March 31, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology for automotive mobility and robotics applications, today announced that its lidar solution will power Apollo Go's landmark expansion into Dubai, accelerating the global adoption of safe and intelligent driverless solutions. The announcement follows the exclusive agreement signed between Hesai and Baidu Apollo in July 2024. The fleet is expected to scale to 1,000 vehicles, demonstrating the reliability and performance of Hesai's lidar technology in enabling L4 autonomous driving in complex environments. Apollo Go's RT6 robotaxis have already achieved impressive operational

SHANGHAI, March 26, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar solutions, today announced it has secured an exclusive series production partnership with Chery Automobile's new energy brand, iCAR. Under the agreement, Hesai's groundbreaking ATX Lidar will be integrated in new iCAR vehicles, with mass production scheduled to commence in the fourth quarter of 2025. Hesai's ATX lidar, a compact, ultra-high-definition, long-range sensor, is set to enhance iCAR vehicles' perception capabilities in complex scenarios including active braking, adaptive cruise control, urban navigation, and smart parking. The partnership is part of Chery's comprehensive intelligen

SHANGHAI, March 19, 2025 /PRNewswire/ -- Hesai Group (NASDAQ:HSAI) ("Hesai" or the "Company"), the global leader in three-dimensional light detection and ranging (lidar) solutions, today issued the following statement in response to allegations made in a report by Blue Orca Capital. The Company is aware of the report published by short-seller Blue Orca Capital. The Company strongly disagrees with the allegations in the report and believes that the report is without merit. The Company reiterates its continued and unwavering commitment to stringent standards of business ethics and regulatory compliance. About Hesai Hesai Technology (NASDAQ:HSAI) is a global leader in lidar solutions. The comp

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Quarterly net revenues were RMB719.8 million (US$98.6 million)1Quarterly lidar shipments were 222,054 unitsFull Year 2024 net revenues were RMB2,077.2 million (US$284.6 million)Full Year 2024 lidar shipments were 501,889 units SHANGHAI, China, March 10, 2025 (GLOBE NEWSWIRE) -- Hesai Group ("Hesai" or the "Company"), (NASDAQ:HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2024. Management Remarks "In 2024, Hesai achieved a milestone year with record-breaking lidar shipments, more than doubling annually for four consecutive years, and achievin

SHANGHAI, China, Feb. 18, 2025 (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 2024 unaudited financial results on Monday, March 10, 2025, 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 10, 2025 (9:00 AM Beijing/Hong Kong Time on March 11, 2025). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the sc

Quarterly net revenues were RMB539.4 million (US$76.9 million)1 Quarterly lidar shipments were 134,208 units SHANGHAI, Nov. 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 its unaudited financial results for the three months ended September 30, 2024. Operational Highlights  Three months ended September 30, 2024 Nine monthsended September 30, 2024ADAS lidar shipments129,913 263,148Autonomous Mobility lidar shipments4,295 16,687Total lidar shipments134,208 279,835     Q3 2024 ADAS lidar shipments were 129,913 units, representing an increase of 220.0% f

SHANGHAI, Nov. 14, 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 third quarter 2024 unaudited financial results on Monday, November 25, 2024, after the close of U.S. markets. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 25, 2024 (9:00 AM Beijing/Hong Kong Time on November 26, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedul

Quarterly net revenues were RMB458.9 million (US$63.1 million)1Quarterly lidar shipments were 86,526 units SHANGHAI, Aug. 19, 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 its unaudited financial results for the three months ended June 30, 2024. Operational Highlights  Three monthsended June 30, 2024 Six monthsended June 30, 2024ADAS lidar shipments 80,773 133,235Autonomous Mobility lidar shipments 5,753 12,392Total lidar shipments86,526 145,627     Q2 2024 ADAS lidar shipments were 80,773 units, representing an increase of 76.8% from 45,694 units in th

SHANGHAI, China, Aug. 06, 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 second quarter 2024 unaudited financial results on Monday, August 19, 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 August 19, 2024 (9:00 AM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled cal

Quarterly net revenues were RMB359.1 million (US$49.7 million)1Quarterly lidar shipments were 59,101 units SHANGHAI, China, May 20, 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 its unaudited financial results for the three months ended March 31, 2024. Operational Highlights  Three monthsended March 31, 2024ADAS lidar shipments52,462Autonomous Mobility lidar shipments6,639Total lidar shipments59,101   Q1 2024 ADAS lidar shipments were 52,462 units, representing an increase of 86.1% from 28,195 units in the corresponding period of 2023.Q1 2024 Total lida

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). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start t

Quarterly net revenues were RMB561.2 million (US$79.0 million),1 an increase of 37.1% year-over-yearQuarterly lidar shipments were 87,7362 units, an increase of 84.6% year-over-yearFull Year 2023 net revenues were RMB1,877.0 million (US$264.4 million), an increase of 56.1% year-over-yearFull Year 2023 lidar shipments were 222,116 units, an increase of 176.1% year-over-year SHANGHAI, China, March 11, 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 its unaudited financial results for the three months and full year ended December 31, 2023. Operational Highlig

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). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to th

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Daiwa Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $35.00

Goldman upgraded Hesai Group from Neutral to Buy and set a new price target of $18.40 from $5.50 previously

Morgan Stanley downgraded Hesai Group from Overweight to Equal-Weight and set a new price target of $15.00 from $5.80 previously

Citigroup initiated coverage of Hesai Group with a rating of Buy and set a new price target of $12.90

BofA Securities initiated coverage of Hesai Group with a rating of Buy and set a new price target of $14.80

Goldman downgraded Hesai Group from Buy to Neutral and set a new price target of $12.40 from $25.00 previously

Goldman initiated coverage of Hesai Group with a rating of Buy and set a new price target of $31.00

Credit Suisse initiated coverage of Hesai Group with a rating of Outperform and set a new price target of $28.00