Core Insights - Hesai Technology has maintained the leading position in the automotive lidar market for seven consecutive months, with a market share of 46%, significantly higher than its competitors [1][6][14] - The total installed volume of automotive lidar in China from January to August 2025 reached 1.31 million units, with Hesai contributing 510,000 units, marking a nearly threefold increase in monthly installation from 33,485 units to 97,583 units [6][11] - The penetration rate of lidar in new energy passenger vehicles reached 19% by August 2025, indicating a growing trend towards making lidar a standard feature in new cars [11] Company Developments - Hesai plans to achieve an annual production capacity of over 2 million units in 2025, with expected deliveries between 1.2 million and 1.5 million units [13] - The company has become the first in the world to produce over 1 million lidar units in a year, marking a significant milestone in large-scale production [13] - Hesai has successfully listed on the Hong Kong Stock Exchange, becoming the first company to achieve dual primary listings in both the US and Hong Kong, reflecting international market recognition of its technology [13] Technological Advancements - Since 2017, Hesai has focused on developing dedicated lidar chips (ASIC), enhancing performance, quality, and cost-effectiveness through optimized design [13][14] - The fourth-generation self-developed chip integrates all seven key components of lidar, showcasing significant technological advancements [13] - Hesai is the only company globally to have independently developed all seven key components of lidar and successfully achieved mass production of the chip modules [14] Market Position - According to Yole Group, Hesai holds the top global market share in automotive lidar, ADAS lidar, and L4 autonomous driving lidar, maintaining a leading position for four consecutive years [14] - The company has secured mass production contracts with over 24 OEMs for more than 120 vehicle models, with key clients including top European manufacturers and leading Chinese automakers [14]
市占率46%！禾赛(02525)持续领跑车载激光雷达市场