Hesai(US:HSAI) Zhong Guo Qi Che Bao Wang·2026-01-07 03:46Core Insights - Hesai Technology announced a significant capacity expansion plan at CES 2026, aiming to double its annual production capacity from 2 million units in 2025 to 4 million units in 2026 to meet the surging demand in the ADAS and robotics sectors [1][3] - The new "Galileo" factory in Bangkok, Thailand, is progressing steadily and is expected to commence production in early 2027, enhancing the company's global capacity layout [1] Production and Delivery Milestones - Hesai has achieved several industry milestones, including the production of its 1 millionth lidar unit in September 2025 and cumulative deliveries exceeding 2.4 million units to date [3] - The company has maintained a consistent annual delivery growth rate, with over 1.6 million units delivered in 2025 and a peak monthly delivery exceeding 200,000 units [3] - The ADAS product line accounted for approximately 1.4 million units, while the robotics segment contributed over 200,000 units, with the ATX product achieving over 1 million units in its first year [3] Manufacturing Capabilities - The core support for Hesai's capacity doubling is its strong in-house manufacturing capabilities, featuring a fully automated production line that can produce a lidar unit every 10 seconds [3] - The company has developed proprietary ASIC chips, enabling rapid product iteration and high reliability, which are essential for large-scale production [3] New Product Launches - At CES, Hesai launched a new L3-level automotive lidar solution, including the ETX long-range lidar and the FTX solid-state near-range lidar, designed to enhance vehicle safety and simplify integration [4] - The ETX lidar can be flexibly installed behind the windshield or inside the vehicle, while the FTX lidar is specifically designed for short-range blind spot monitoring, together creating a comprehensive 360° safety perception network [4] Market Penetration and Client Base - The safety value of lidar technology is recognized in the market, with vehicles equipped with lidar reducing the risk of fatal accidents by 90% and conventional traffic accidents by 30% [5] - Hesai has secured over 120 model production contracts with 24 major OEMs, including top European manufacturers and leading domestic brands such as Li Auto, Xiaomi, Changan, and Geely [5] - The company has locked in partnerships with its top two ADAS clients for 2026, ensuring 100% standardization across their entire model range [5] Expansion into Robotics and AI - Beyond the ADAS market, Hesai's lidar technology is empowering the AI-driven robotics industry, providing stable and precise environmental perception for robots transitioning from controlled to diverse real-world scenarios [6] - In the Robotaxi and autonomous trucking sectors, Hesai has become a key player, with several innovative companies selecting its lidar products for their fleets, some models planning to use up to 8 units [6] - The JT series mini 360° lidar has seen widespread adoption in various applications, with cumulative shipments exceeding 200,000 units, showcasing its utility in lawn mowing robots, companion robots, and 3D spatial digitization devices [6]