Hesai Group

Earnings data Q4 2022

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q4 2024

Hesai Group excels in Q4, eyes global expansion and margin growth

Hesai Group's strong Q4 performance and successful IPO reflect robust growth and market acceptance.
Challenges ahead include margin pressures from increased ADAS sales and potential slowdown in Q1 ADAS units.
Opportunities lie in securing global OEM deals, expanding market presence, and shifting revenue split towards ADAS.
Overall, Hesai Group is well-positioned for growth with strategic partnerships and innovative LiDAR product offerings.

Hesai Group reports record revenue growth and navigates LiDAR challenges

Hesai Group's Q1 2023 performance reflects strong revenue growth and market leadership in LiDAR technology, with a positive outlook for increased shipments and product innovation.
Challenges include pricing pressures from declining ASP, evolving EV competition impacting feature integration, and the need to balance innovation with product longevity.
Opportunities lie in leveraging LiDAR for competitive advantage, expanding market presence in China's EV sector, and advancing R&D for enhanced product performance and cost efficiency.

Hesai Group reports record Q2 earnings, eyes market leadership

Hesai Group's Q2 2023 performance reflects exceptional growth in revenues and LiDAR shipments, positioning the company as a market leader.
While facing short-term margin pressure and OEM scrutiny, Hesai's strategic partnerships and product enhancements present significant growth opportunities.
Anticipated growth in shipments, stable gross margins, and a focus on safety standards underscore Hesai's strong market position and future potential.

Hesai Group excels in Q3, eyes global expansion and tech innovation

Hesai Group's Q3 performance exceeded expectations with strong revenue growth and margin maintenance.
The company's focus on innovation, partnerships, and quality positions it well for future growth.
Challenges in price competition and OpEx increase are being addressed strategically.
Opportunities lie in expanding margins, advanced technology adoption, and global market expansion.

Hesai Group reports strong Q4 earnings, eyes global LiDAR growth

Hesai Group's Q4 2023 earnings call highlighted robust financial performance, key partnerships, and technological advancements in LiDAR technology. Despite challenges related to the U.S. DoD dispute, the company remains focused on achieving profitability through cost management and operational efficiency. With a focus on ADAS applications and global OEM partnerships, Hesai anticipates strong revenue growth and increased demand for its products.

Hesai Group surpasses Q1 forecasts, eyes robotaxi revenue surge

Hesai Group's Q1 2024 Earnings Call showcased strong financial performance, strategic product introductions, and key partnerships. The company aims for significant revenue growth, exceeding LiDAR shipment targets, and advancing in the autonomous driving sector. Challenges include addressing competition, optimizing costs, and scaling strategies amidst industry developments.

Hesai Group surpasses Q3 revenue targets, eyes profitability in 2024

Hesai Group's strong Q3 performance and robust LiDAR technology position it for continued growth. While facing legal challenges and operational uncertainties, the company's strategic collaborations and new product launches offer promising opportunities for expansion and revenue diversification.

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Hesai Group engages in the development, manufacture and sale of three-dimensional light detection and ranging(lidar) solutions. The company’s lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets. It operates through the Light Detection and Ranging (LiDAR), and Gas Detection segments. Hesai Group was founded by Yi Fan Li, Kai Sun, and Shao Qing Xiang in October 2014 and is headquartered in Shanghai, China.

HSAI is set to be an exclusive supplier of long-range lidar for Changan Automobile's new intelligent driving platform.

Hesai to Provide 1.5M Lidar Units to Changan for Multiple Car Models

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.

Hesai Announces Exclusive Lidar Design Win for Multiple Great Wall Motor Models

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.

Hesai to Exclusively Supply 1.5 Million Lidar Units to Changan Automobile for Multiple Car Brands

China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of its key product by half next year which should lead to far wider adoption of the technology in electric cars.

Exclusive: China's Hesai to halve lidar prices next year, sees wide adoption in electric cars

Hesai Group (NASDAQ:HSAI ) Q3 2024 Results Conference Call November 25, 2024 8:00 PM ET Company Participants Yuanting Shi - Investor Relations David Li - Co-Founder & CEO Andrew Fan - CFO Conference Call Participants Cindy Huang - Morgan Stanley Tina Hou - Goldman Sachs Zhang Yu - Huatai Securities Olivia Zhang - HTI Operator Hello, ladies and gentlemen. Thank you for standing by.

Hesai Group (HSAI) Q3 2024 Earnings Call Transcript

Quarterly net revenues were RMB539.4 million (US$76.9 million) 1 Quarterly lidar shipments were 134,208 units

Hesai Group Reports Third Quarter 2024 Unaudited Financial Results

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).

Hesai Group to Report Third Quarter 2024 Financial Results on Monday, November 25, 2024

Chinese lidar manufacturer Hesai plans to sue the U.S. government after the Pentagon reinstated the company on its blacklist of Chinese firms linked to the military, Financial Times reported on Thursday, citing co-founder David Li.

China's Hesai to sue Pentagon after being reinstated to blacklist, FT reports

PALO ALTO, Calif. , Oct. 22, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform.

Hesai Technology Announced as Exclusive Lidar Provider for Leapmotor's Next-Generation Vehicle Platform

The U.S. Defense Department removed China-based lidar maker Hesai Group from a list of companies allegedly working with Beijing's military, according to a letter sent to Congress.

Pentagon removes lidar maker Hesai from US list of firms alleged to help Beijing's military

Hesai, the market leader in LiDAR, dominates with a 37% market share and exclusive contracts with 19 OEMs, including top Chinese EV makers. The LiDAR market is expected to grow at a 39% CAGR, reaching $21 billion by 2029. Hesai's competitive advantages include scale, cost efficiency, and advanced technology, give a potential 400% upside to share value.

Hesai's Market Share: A Golden Investment Opportunity

SHANGHAI , Oct. 1, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, announced today the signing of a cooperation framework with SAIC Volkswagen. The cooperation will establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core.

Hesai and SAIC Volkswagen Sign New Partnership on Automotive Lidar Program

HANNOVER, Germany , Sept. 16, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, is launching its powerful new lidar solution OT128 at Europe's biggest commercial vehicle trade fair IAA Transportation in Hannover (booth location: Hall 12, #C71).

Game-Changing Lidar OT128 from Hesai Unveiled at IAA Transportation, Accelerating Autonomous Vehicles' Commercial Deployment

PALO ALTO, Calif. , Sept. 9, 2024 /PRNewswire/ -- Hesai Technology, a global leader in the lidar industry, has successfully passed a rigorous audit by TÜV SÜD and obtained the ISO 21448 Safety of the Intended Functionality (SOTIF) certification based on ISO 26262 functional safety and a QMS framework.

The First in the Global Lidar Industry: Hesai Obtained ISO 21448 Intended Functional Safety Process Certification

AiHuiShou International Co Ltd

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Hesai Group (NASDAQ:HSAI ) Q2 2024 Results Conference Call August 19, 2024 9:00 PM ET Company Participants Yuanting Shi - Investor Relations Director David Li - Co-Founder, CEO & Director Conference Call Participants Tim Hsiao - Morgan Stanley Tina Hou - Goldman Sachs Jessie Lo - Bank of America Securities Zhang Yu - Huatai Securities Operator Hello, ladies and gentlemen. Thank you for standing by for Hesai Group's Second Quarter 2024 Earnings Conference Call.

Hesai Group (HSAI) Q2 2024 Earnings Call Transcript

Hesai Group reported narrower operating losses and a better-than-expected bottom-line performance in Q2 2024; the consensus forecasts point to Hesai turning profitable in the third quarter. On the flip side, Hesai's second quarter revenue missed expectations, and a delay in some of its customers' new vehicle launches is likely to hurt its Q3 top line. My Hold rating for Hesai Group is left unchanged, considering its mixed results and prospects.

Hesai: Results Are Mixed, With A Negative Top-Line Surprise And Bottom-Line Beat

Vipshop Hlds

U.S. stock futures were mixed this morning, with the S&P 500 futures gaining around 0.1% on Tuesday.

Vipshop, Hesai Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Quarterly net revenues were RMB458.9 million (US$63.1 million) 1 Quarterly lidar shipments were 86,526 units

Hesai Group Reports Second Quarter 2024 Unaudited Financial Results

SHANGHAI, Aug. 19, 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 released its inaugural Environmental, Social and Governance (ESG) Report (the “Report”). The Report details the Company's strategy and outstanding achievements in ESG performance in 2023, as well as its progress toward its longstanding ESG goals for sustainable development.

Hesai Group Releases Inaugural Environmental, Social and Governance (ESG) Report

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).

Hesai Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024

PALO ALTO, Calif. , July 30, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar solutions, announced today three automotive lidar design wins with top global automakers' joint ventures (JV) in China: General Motors (GM), Ford and a prominent European automotive brand.

Hesai Announces Design Wins with Three Top Global Automakers JV Brands

PALO ALTO, Calif. , July 29, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar solutions, announced that it has entered into a strategic partnership with Westwell, a global provider in autonomous driving solutions, to provide lidar in applications including autonomous driving, industrial robots, heavy machinery, and smart cities.

Hesai and Westwell Partner to Accelerate Global Expansion in Autonomous Driving for Logistics

Baidu

PALO ALTO, Calif. , July 18, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar safety technology for automotive and robotics applications, announced that they have been selected by Baidu, Inc. (NASDAQ: BIDU) to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06.

Baidu Selects Hesai as Exclusive Long-Range Lidar Provider for Next-Generation Robotaxis

NEW YORK, NY / ACCESSWIRE / July 14, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Hesai Group ("Hesai" or the "Company") (NASDAQ:HSAI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

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