| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/14/2025 | $5.50 → $18.39 | Neutral → Buy | Goldman |
| 1/13/2025 | $5.80 → $15.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/26/2023 | $12.90 | Buy | Citigroup |
| 9/22/2023 | $14.80 | Buy | BofA Securities |
| 8/18/2023 | $25.00 → $12.40 | Buy → Neutral | Goldman |
| 3/13/2023 | $31.00 | Buy | Goldman |
| 3/7/2023 | $28.00 | Outperform | Credit Suisse |
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
SC 13G/A - Hesai Group (0001861737) (Subject)
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
SHANGHAI, Feb. 11, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar technology, today announced that it will deepen its cooperation with BYD and will provide automotive lidar for more than 10 BYD models. The models are expected to enter mass production in 2025. In 2024, BYD sold over 4 million intelligent driving-equipped vehicles, surpassing all domestic competitors. This week, BYD announced that all its models will be equipped with "God's Eye", BYD's next-generation advanced driver assistance system (ADAS), ensuring that ADAS features are accessible to everyone. As an integral component in vehicles featuring navigation on autopilot (NOA) for citi
STUTTGART, Germany, Jan. 28, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), Outsight, and Embotech AG announce a strategic collaboration to deliver cutting-edge lidar technology and perception software for Embotech's AVM technology deployed in BMW facilities and known internally at BMW as Automated Driving In-Plant (AFW). This collaboration brings together industry leaders in autonomous driving solutions and sensing technology. Embotech is the system provider for BMW's recently announced Automated Driving In-Plant series operation and global rollout. For the AVM solution, Outsight plays a key role with its advanced lidar software platform that tracks the ego-vehicle and the surroundin
SHANGHAI, Jan. 21, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in automotive lidar technology, today announced that it has secured design wins for multiple Chery Automobile models. The models are expected to enter mass production in the second half of 2025 and will be equipped with the newest generation of Hesai's ultra-compact high-performance ATX lidar. Chery's vehicle line-up includes passenger cars, commercial vehicles, and urban mobility vehicles. Chery recently reported a 38 percent jump in global car sales year-over-year, with 2.6 million vehicles sold in 2024, and a forecast of more than 3 million deliveries this year. As the leading exporter of Chinese-br
Hesai (NASDAQ:HSAI) introduces new JT series mini 3D lidar, with compact and lightweight design, and world's widest hyper-hemispherical field of viewDesigned specifically for robotics applicationsMass production and deliveries for JT series have begun Witness a live demonstration of a JT series lidar in action at booth #6824 in LVCC West HallLAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology, today launched its JT Series of mini hemispherical 3D lidars at CES 2025 in Las Vegas. Designed specifically for robotics applications, the JT series includes the JT16 (16 channels) and the JT128 (128 channels). The JT128 features the world's wi
Hesai (NASDAQ:HSAI) introduces new AT1440 with the world's highest number of channels for an automotive lidar and the FTX solid-state lidar with the world's widest field of viewAT1440's resolution is more than 30 times higher than mainstream automotive lidarsFTX has the largest field of view in the world for an automotive-grade solid-state lidar at 180° x 140°FTX features a point rate 2.5 times higher than its previous generationLAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar technology, today unveiled its brand-new next generation ADAS lidar the AT1440, an automotive-grade lidar with 1440 channels, and its solid-state blind-spot FTX lidar,
PALO ALTO, Calif., Dec. 30, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in automotive lidar technology, today announced that the company has delivered more than 100,000 lidar units during the month of December, becoming the world's first lidar company to reach this milestone. Meanwhile, Hesai also announced a record number of lidar deliveries for the robotics market, surpassing 20,000 lidar units in December. In 2025, Hesai's planned annual capacity exceeds 2 million units , supported by the company's mass production capabilities and research and development innovation. In the ADAS market, Hesai has earned more than 100 design wins across 21 automotive OEMs, includ
SHANGHAI, Dec. 6, 2024 /PRNewswire/ -- Today, Hesai Technology (NASDAQ:HSAI), the global leader in lidar solutions, announced an exclusive series production design win with Great Wall Motor, covering several models across its two brands. These models will feature Hesai's ATX, an ultra-compact high-resolution long-range lidar, scheduled for mass production starting in 2025. Great Wall Motor, a leading automotive manufacturer in China, has made significant leaps in new energy and intelligent technologies, achieving significant milestones in intelligent driving and smart cockpit systems. In 2023, the company sold over 1.23 million vehicles, including a record 262,000 electric vehicles (EVs). I
SHANGHAI, Dec. 5, 2024 /PRNewswire/ -- Hesai (NASDAQ:HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Changan Automobile's new intelligent driving platform. The order volume for Hesai's ATX compact lidar model, released in April of this year, is expected to exceed 1.5 million units over the next few years. According to the agreement, Hesai will provide lidar products for more than 10 vehicle models from multiple Changan Automobile brands, with the platform's first model expected to enter mass production in the second half of 2025. In line with the initial strategic partnership established in 2022, the
PALO ALTO, Calif., Dec. 2, 2024 /PRNewswire/ -- Hesai (NASDAQ:HSAI), the global leader in lidar technology for robotics and industrial applications, autonomous driving, and ADAS, announced today that it will be exhibiting at Consumer Electronics Show (CES) 2025 in Las Vegas from January 7-10 (LVCC West Hall #6824). As of Q3 2024, Hesai has delivered over 600,000 units cumulatively to customers worldwide and continues to expand its lidar model offerings for automotive, robotic and industrial applications. Hesai will premiere its newest model, a mini high-performance 3D lidar, during a press conference at CES on January 7 at 11:00 a.m. The presentation will provide detailed insights and live
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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
Expects 4Q2023 and FY2023 net revenues to exceed the top of the guidance range of US$76 million and US$250 million, respectivelyExpects FY2023 total lidar shipments to exceed the guidance of 220,000 units and ADAS lidar shipments for FY2023 to exceed the target of 200,000 units 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 fina