HSAI

Hesai Group operates as a leading developer and manufacturer of lidar sensors and solutions for autonomous vehicles and advanced driver-assistance systems (ADAS). Headquartered in Shanghai, China, with additional facilities in Germany and the United States, the company designs, develops, and manufactures lidar products that enable machines to perceive their surrounding environments in three dimensions. Hesai's product portfolio includes the AT series for ADAS applications, the QT series for robotaxis and autonomous trucks, and the XT series for robotics and industrial automation. The company serves automotive OEMs, tier-1 suppliers, and autonomous driving technology companies globally. Hesai holds a significant position in the automotive lidar market, with its sensors deployed in numerous production vehicles and autonomous vehicle fleets. The company operates its own manufacturing facilities and maintains control over critical components including custom laser transmitters and receiver chips. In recent years, Hesai has expanded its production capacity and continued advancing its solid-state lidar technology to meet growing demand from the electric vehicle and autonomous driving sectors. The company generates revenue primarily through lidar sensor sales and related services, with increasing adoption in both passenger vehicles and commercial transportation applications. Hesai completed its initial public offering on the NASDAQ in February 2023, providing capital for continued research and development investments.