Hesai(US:HSAI) Zheng Quan Shi Bao Wang·2025-09-05 08:20Group 1 - Hesai Technology (NASDAQ: HSAI) has been the exclusive supplier of short-range LiDAR for Motional's all-electric IONIQ5 Robotaxi for two consecutive years, highlighting a stable strategic partnership and the company's leading market position in the Robotaxi sector [1] - Motional is focused on the development and commercialization of L4 autonomous vehicles, utilizing advanced AI technologies to create high-performance and safe autonomous driving systems, with successful deployments in multiple cities [1] - Eight out of the top ten Robotaxi companies globally have chosen Hesai Technology as their LiDAR supplier, indicating the company's strong technical capabilities and strategic foresight [1] Group 2 - Hesai Technology has established a solid global business presence across the US, Europe, and Asia, serving clients in over 40 countries and maintaining close collaboration through technical support and engineering resources [2] - The company has recently passed the Hong Kong Stock Exchange hearing and is expected to list on the Hong Kong main board soon, following its NASDAQ IPO on February 9, 2023, indicating plans for dual listing [2] - According to Frost & Sullivan, Hesai Technology is the largest LiDAR supplier globally by revenue for the years 2022, 2023, and 2024, and is projected to be the first company to exceed 100,000 units shipped in a single month by December 2024 [2] Group 3 - In the ADAS sector, Hesai Technology ranks third globally by revenue as of 2024, having secured the most mass production designations from 22 OEMs for 120 vehicle models [3] - The company has established a leadership position in the robotics market, becoming the first LiDAR company to exceed 20,000 units shipped in a single month for robotics applications by December 2024 [3] - Hesai Technology is a leading player in the autonomous taxi sector, maintaining a market share of over 55% by revenue for the years 2022, 2023, and 2024, and is the primary LiDAR solution provider for nine out of the top ten autonomous driving companies [3] Group 4 - The company's revenue for the years 2022 to 2024 was reported as 1.203 billion RMB, 1.877 billion RMB, and 2.077 billion RMB, with corresponding net losses of 301 million RMB, 476 million RMB, and 102 million RMB [3] - Notably, for the six months ending June 30, 2025, the company recorded a net profit of 26.5 million RMB, a significant improvement compared to a net loss of 179 million RMB for the same period in 2024 [3]