Hesai Group

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

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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.

PALO ALTO, Calif. , Nov. 6, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar solutions, announced today that its two flagship products -- Pandar128 robotaxi lidar and AT128 ADAS lidar for passenger cars – which are sold globally, including in the U.S., have been certified by independent, industry-leading, third-party technical testing bodies as data secure and incapable of being used for cyber attacks.

Hesai's Lidars Get Top Marks for Data Security

PALO ALTO, Calif. , Nov. 3, 2023 /PRNewswire/ -- Today, Hesai Technology (Nasdaq: HSAI) announced an automotive lidar design win with leading Chinese electric vehicle maker Leapmotor.

Hesai Announces Automotive Lidar Design Win with Leapmotor for Its New Series Production Vehicle

PALO ALTO, Calif. , Oct. 31, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI) has just announced its high-performance lidar Pandar128, designed for L4 autonomous mobility applications, has received ISO/SAE 21434 cybersecurity product certification from the renowned international certification institution TÜV Rheinland, becoming world's first lidar to receive this distinction.

Hesai's Pandar128 Becomes the World's First Lidar to Obtain ISO/SAE 21434 Cybersecurity Certification

Ouster, Inc

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors, issued the following statement today relating to the Company's complaint filed with the U.S International Trade Commission (“ITC”) and the investigation into the unfair trade practices of Hesai Group (Nasdaq: HSAI) and related entities (ITC Investigation): Ouster previously filed its patent infringement case against Hesai in the United States District Cour.

Ouster Continues its Patent Case Against Hesai in District Court and Seeks to Bar Infringing Products in the United States

Hesai Statement Correcting Misleading and False Allegations about the Company Hesai Statement Correcting Misleading and False Allegations about the Company

International Trade Commission Confirms to Terminate Patent Infringement Investigation Brought by Ouster Against Hesai

SHANGHAI, China, Oct. 11, 2023 (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 2023 unaudited financial results on Monday, November 13, 2023, 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 13, 2023 (9:00 AM Beijing/Hong Kong Time on November 14, 2023).

Hesai Group to Report Third Quarter 2023 Financial Results on Monday, November 13, 2023

PALO ALTO, Calif. , Oct. 10, 2023 /PRNewswire/ -- Today, Hesai Technology (Nasdaq: HSAI) announced an ADAS lidar design win with Neta Auto's new series production vehicle.

Hesai Announces ADAS Lidar Design Win with Neta Auto's New Series Production Vehicle

PALO ALTO, Calif. , Sept. 22, 2023 /PRNewswire/ -- Today, Hesai Technology (NASDAQ:HSAI), a global leader in lidar solutions for ADAS and autonomous mobility, announced a new design win with FAW Group, one of the largest automotive OEMs in China, for their next generation EV model under Hongqi brand.

Hesai Announces World's First Production Design Win for In-Cabin Lidar with Leading Automotive OEM

PALO ALTO, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: “HSAI”), the global leader in three-dimensional light detection and ranging (“lidar”) solutions, in response to recent inaccurate and misleading information in the market, issued this statement setting the record straight about the Company's intellectual property assets and record of innovation, data security, and ownership, funding, and management.

Hesai Statement Correcting Recent Misinformation in the Market

The collaboration between Hesai (HSAI) and Webasto marks a significant step forward in the integration of lidar technology in ADAS.

Hesai (HSAI) & Webasto Join Forces for Lidar Integration

MUNICH , Sept. 5, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), a global leader in automotive lidar, today announced its European market debut with its world-class automotive lidar.

Hesai's AT128 Automotive Lidar Debuts in Europe with Luxury EV HiPhi Z's German Sales Launch

MUNICH , Sept. 4, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar, announced today a partnership with Webasto, the leading global automotive supplier of roof systems.

Hesai and Webasto Collaborate on Lidar Integration on Roof Sensor Module for ADAS

SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors, issued the following statement today relating to the Company's complaint filed with the U.S International Trade Commission (“ITC”) and the investigation into the unfair trade practices of Hesai Group (Nasdaq: HSAI) and related entities (ITC Investigation): The presiding Administrative Law Judge (ALJ) recommended, following a motion by Hesai, that the inves.

Statement on Ouster's Ongoing Enforcement of its Patents Against Hesai

PALO ALTO, Calif., Aug. 25, 2023 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (“LiDAR”) solutions, today announced positive developments in its patent infringement lawsuit against Ouster, Inc. (“Ouster”).

Hesai Announces Initial Determination from ITC Administrative Law Judge Granting Hesai's Motion to Terminate Patent Infringement Investigation Brought by Ouster

Hesai Group (NASDAQ:HSAI ) Q2 2023 Results Conference Call August 14, 2023 9:00 PM ET Company Participants Yuanting Shi - IR Dr. David Li - CEO Louis Hsieh - Global CFO Conference Call Participants Tim Hsiao - Morgan Stanley Olivia Xu - Goldman Sachs Bin Wang - Credit Suisse Leping Huang - Huatai Yang Kong - CICC Yi Lu - JPMorgan Operator Thank you for standing by and welcome to the Hesai Group Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode.

Hesai Group (HSAI) Q2 2023 Earnings Call Transcript

Media showcase, September 4 th Exhibit floor, September 5 th to 8th Booth: Hall B2 #F10 Test Drive: Hall C2 #A50 PALO ALTO, Calif. , Aug. 16, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar, will showcase their high-performance sensors at IAA Mobility 2023 in Munich, the world's leading platform for mobility, sustainability, and technology.

Hesai to Showcase Its High-Performance Automotive Lidar Sensors at IAA Mobility 2023

Quarterly net revenues were RMB440.3 million (US$60.7 million) 1 , an increase of 108.5% year-over-year Quarterly LiDAR shipments were 52,106 2 units, an increase of 946.5% year-over-year

Hesai Group Reports Second Quarter 2023 Unaudited Financial Results

PALO ALTO, Calif. , Aug. 1, 2023 /PRNewswire/ -- Hesai Technology, a pioneer in the field of lidar sensors, announced a collaboration with NVIDIA to integrate Hesai's cutting-edge lidar sensors within the NVIDIA DRIVE and NVIDIA Omniverse ecosystems.

Hesai Technology Advances Autonomous Vehicle Lidar Integration with NVIDIA DRIVE and Omniverse

Lidar expert Yole Group highlights Hesai's record-breaking revenue and shipments PALO ALTO, Calif. , July 24, 2023 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI) has been named the top automotive lidar company for the second consecutive year by Yole Group, a global advisory and market analysis firm recognized for its expertise in the semiconductor, photonic, and electronic sectors.

Hesai Ranks No. 1 in Global Automotive Lidar for the 2nd Year in a Row

SHANGHAI, China, July 18, 2023 (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 2023 unaudited financial results on Monday, August 14, 2023, 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 14, 2023 (9:00 AM Beijing/Hong Kong Time on August 15, 2023).

Hesai Group to Report Second Quarter 2023 Financial Results on Monday, August 14, 2023

PALO ALTO, Calif. , July 7, 2023 /PRNewswire/ -- Hesai Technology has just announced that it has been selected to provide lidar units for several models of the SAIC Motor Commercial Vehicle Division's OEM-installed project.

Hesai Secures ADAS Lidar Design Win for Multiple New Vehicles with SAIC Motor

PALO ALTO, Calif. , June 21, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), a global leader in lidar sensor solutions, is delighted to announce its work with NavVis, a global leader in reality capture and digital factory solutions.

Hesai and NavVis Join Forces to Revolutionize Reality Capture with Cutting-Edge Lidar Sensor Technology

LOS ANGELES, CA / ACCESSWIRE / June 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Hesai Group ("Hesai" or "the Company") (NASDAQ:HSAI) for violations of the federal securities laws. Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted in February 2023 (the "IPO") are encouraged to contact the firm before June 6, 2023.

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Hesai Group with Losses to Contact the Firm

LOS ANGELES , June 5, 2023 /PRNewswire/ --  The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Hesai Group ("Hesai" or "the Company") (NASDAQ: HSAI) for violations of the federal securities laws. Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted in February 2023 (the "IPO") are encouraged to contact the firm before June 6, 2023.

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Hesai Group with Losses of $100,000 to Contact the Firm

NEW YORK , June 5, 2023 /PRNewswire/ -- Attention Hesai Group ("Hesai") (NASDAQ: HSAI) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of investors who purchased Hesai Group securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Hesai's February 2023 initial public offering.

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