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 view AT1440's resolution is more than 30 times higher than mainstream automotive lidars FTX 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 generation LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), ...

Hesai (Nasdaq: HSAI) introduces new JT series mini 3D lidar, with compact and lightweight design, and world's widest hyper-hemispherical field of view Designed specifically for robotics applications Mass 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 Hall LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, today launched its JT Series of mini hemispherical ...

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 , supp ...

Investment Rating - The report initiates coverage on Hesai Group (HSAI US) with a "Buy" rating and a target price of $16.3 per ADS, based on a 4.8x 2025 expected price-to-sales ratio [2][3] Core Viewpoints - Hesai Group is a global leader in 3D LiDAR solutions, with a strong competitive advantage in the industry [5] - The company is expected to reach a profitability turning point in 2024, driven by increased shipments of existing LiDAR products, the launch of a cost-effective new AT series in 2025, and improved operational efficiency [2] - Hesai Group is projected to achieve Non-GAAP net profits of RMB 9 million in 2024 and RMB 141 million in 2025 [2] - The company has established mass production partnerships with 20 domestic and international automakers for 75 vehicle models as of 3Q24 [5] - Hesai Group holds a 37% market share in the global LiDAR market in 2023, ranking first, with leading positions in both passenger car/light commercial vehicle (26%) and autonomous taxi (74%) segments [12] Market and Industry Analysis - The global automotive LiDAR market is expected to reach $3.63 billion by 2029, with a CAGR of 38% from 2023 to 2029 [12] - The passenger car (PC) and light commercial vehicle (LCV)/autonomous taxi LiDAR markets are projected to reach $2.99 billion and $638 million, respectively, by 2029, with CAGRs of 39% and 31% from 2023 to 2029 [12] - Hesai Group is well-positioned to benefit from the strong growth in the LiDAR market, given its leading position in both global and Chinese LiDAR solution markets [12] Competitive Advantages - Hesai Group's competitive advantages include its leading technological capabilities, such as the self-developed ASIC chip, which enables continuous cost optimization [5] - The company's in-house manufacturing and highly automated production methods provide it with leading mass production capabilities [5] - Strong customer relationships drive continuous market penetration [5] Valuation and Target Price - The target valuation of RMB 15.9 billion (equivalent to $16.3 per ADS) is based on a 4.8x 2025 expected price-to-sales ratio, which is 10% higher than the industry average of 4.4x [3] - This valuation is supported by Hesai Group's industry-leading financial performance and a strong product delivery plan in 2025, driven by incremental contributions from leading automakers [3]

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 Changa ...

证券研究报告 ＃industryId＃ 汽车 ＃ dyStockcode ＃ HSAI.O＃禾赛科技 dyCompany＃ 美股 ＃investSuggestion＃ 增持 ( ＃ investSuggestion Change＃ 维持 ） 2024Q3 业绩点评： ＃title＃ 交付环比增长 50%，全年盈利曙光初现 ＃createTime1＃ 2024 年 11 月 27 日 ＃相关报告 relatedReport＃ ＃海外汽车行业研究 emailAuthor＃ | --- | --- | --- | |----------------------------|---------------------------------|-------| | ＃市场数据 marketData ＃ | | | | 日期 | 2024-11-26 | | | 收盘价（美元） | 6.86 | | | 总股本（百万股） | 127 | | | 总市值（亿美元） | 8.7 | | | 净资产（亿元） | 37.2 | | | 总资产（亿元） | 55.6 | | | 每股净资产（元） | 29.20 | | | 数据来 ...

研究报告 Research Report 27 Nov 2024 禾赛科技 Hesai Tech (HSAI US) 24Q3 业绩点评：盈利拐点将至，2025 年激光雷达销量冲击百万量级 Turning Point Approaching; LiDAR Shipments Reach One Million in 2025 [Table_yemei1] 观点聚焦 Investment Focus | --- | --- | --- | --- | --- | --- | |------------------------------------|---------------------|---------------|---------------------------------------------|-----------|------------------------------------------------------------------------------------------------------------------------------------------- ...

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. Welcome to Hesai Group's Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that today's conference ...

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 ...

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 ...