Overview
Hesai Group is a LiDAR technology company serving automotive advanced driver-assistance systems (ADAS), autonomous driving and robotics markets. Its product portfolio includes LiDAR families for vehicle sensing and for robotics applications. The company’s stated mission is “Empower Robotics, Elevate Lives.” [1][2]
Founded in 2014, Hesai reports customers in more than 40 countries and lists offices in Shanghai, Palo Alto and Stuttgart.[3][4] For FY2025, it reported net revenue of RMB3,027.6 million (US$432.9 million) and sales of approximately 1.62 million LiDAR units.[5] [1][2][3][4][5][2][4]
Products & services
Hesai’s LiDAR portfolio includes mechanical sensors for automotive ADAS, Robotaxi and robotics uses. The Pandar128 is a 128-channel long-range sensor with 360° coverage, a 200 m range at 10% reflectivity, up to 3.45 million points per second, and resolution of up to 0.1° horizontally by 0.125° vertically.[6][7] The OT series, including OT128, is designed for automotive-grade long-range perception and applications such as Robotaxis, industrial sites and port logistics; OT128 offers 360° horizontal coverage, a 200 m range at 10% reflectivity and up to 3.45 million points per second.[8][9][10] The QT series is for short-range, wide-view coverage; QT128 has a 105° vertical field of view, detects objects as close as 0.1 m at 10% reflectivity, and has finest vertical resolution of 0.4°.[11][12][13] Hesai also describes AT128 as an ASIC-based ADAS LiDAR with 128 VCSEL arrays, more than one million point-cloud outputs per second and a range exceeding 200 m at 10% reflectivity.[14][15]
For robotics and industrial perception, the XT series targets warehousing, logistics, robotics and low-to-medium-speed autonomous driving. XT32 is a 32-channel mid-range sensor with a 120 m range at 10% reflectivity, 360° horizontal coverage and resolution up to 0.18° horizontally by 1° vertically.[16][17][18] The compact JT series is intended for service, mobile, delivery, cleaning and lawn-mowing robots, among other industrial uses.[19] Hesai LiDAR is also used on humanoid and quadruped robots and unmanned vehicles for navigation, collision avoidance and spatial perception.[20]
Hesai reports engineering design, development and validation services, solution services, and other services.[5] In FY2025, LiDAR products generated RMB2,973.3 million, or 98.2% of net revenue; other products contributed 0.3%, engineering design, development and validation services 1.2%, and other services 0.3%.[21] [6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][5][21]
Geographic presence
Hesai’s geographic footprint is concentrated in China, with Shanghai serving as its headquarters and an R&D and intelligent-manufacturing location, and Hangzhou serving as its main mass-production site. It also has manufacturing facilities in Thailand; the leased Thailand facility was under renovation in the 2025 annual report. The company’s website lists offices in Shanghai, Palo Alto and Stuttgart.[22][23][24][2]
For 2025, revenue by customer geography was RMB2,354.7 million in Chinese Mainland (77.8% of total), RMB451.7 million in North America (14.9%), RMB140.0 million in Europe (4.6%) and RMB81.2 million in other regions (2.7%). The reported categories do not provide country-level breakdowns within those regions.[25][26] Hesai describes its LiDAR products as deployed on vehicle fleets globally; its U.S. and Chinese Mainland sales platforms are HESAI INC. and Shanghai Hesai Trade, respectively.[27][28][29] [22][23][24][2][25][25][25][25][25][26][27][28][29][2]
Business segments
Hesai reports one operating segment: the development, manufacturing, and delivery of LiDAR products. ADAS and Robotics are described as application markets, not as separate reportable operating segments; the company does not disclose their individual revenue contributions.[30][31][32]
For FY2025, the company’s revenue disclosures by product and service category show LiDAR products at RMB2,973.340 million (about 98.2% of net revenue), other products at RMB9.579 million (0.3%), engineering design, development and validation services at RMB36.118 million (1.2%), and other services at RMB8.536 million (0.3%). Other products include gas-detection products and LiDAR accessories.[33]
Within its LiDAR business, Hesai serves ADAS and Robotics applications. Its filing notes that ADAS LiDAR has a lower average selling price than Robotics LiDAR, but does not give revenue percentages for either application.[34][35][5] [30][31][32][33][34][35][5][33]
Company history
Hesai Group was founded in Shanghai in October 2014 by Yifan Li, Kai Sun and Shaoqing Xiang as Hesai Photonics Technology. After initially developing laser sensors for industrial applications, the company shifted its primary focus to LiDAR in 2016. It introduced the Pandar40 in 2017, followed by the XT32, its first product using a proprietary ASIC, and the long-range Pandar128 in 2020. In 2022, it launched the QT128 short-range platform, extending its product range for autonomous-driving and robotics applications.[36][29][37]
Hesai’s shares began trading on Nasdaq in February 2023, the year the company reported more than 300,000 cumulative LiDAR shipments. In 2024 it introduced the OT128, a mechanical LiDAR designed for Robotaxi and industrial applications. In 2025, the company reported annual shipments exceeding one million and began trading on the Hong Kong Stock Exchange, adding a second public listing.[38][9][37][39] [36][29][37][9][38][39]
Sources
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