Latest news with #HesaiGroup
CNBC
2 days ago
- Automotive
- CNBC
Morgan Stanley upgrades an under-the-radar China robotics play, sees big upside
Investors seeking to ride the robotics wave should consider buying Hesai Group, according to Morgan Stanley. The bank upgraded the U.S.-listed shares of the Chinese tech company to an overweight rating from equal weight. Hesai supplies LiDAR products such as sensors, which are then used in the robotics industry. Shares of Hesai have surged 54% this year. Analyst Tim Hsiao's new price target of $26 per share, up from $23, implies a further upside ahead of 22%. HSAI YTD mountain HSAI YTD chart "We raise our 2026-27 volume forecasts as Hesai continues to gain share amid growing LiDAR adoption in China," Hsiao wrote. "More overseas projects could enhance ASP/margin, while project wins from robo-players could also fuel a second revenue growth driver and lead to potential re-rating." In the Sunday note, Hsiao specified that one reason he was raising his volume forecasts was due to continuous domestic volume share gain. Hesai's volume share continued to rise among suppliers, reaching 37% in May 2025 versus 22% in May 2024. "Despite intensifying competition among Chinese EV players amid a challenging macro environment, LiDAR adoption continues to grow at an unprecedented rate, as more than 1 in 5 NEVs sold in China in May were equipped with LiDAR," Hsiao added. "With near-term headwinds — Li Auto's 2Q volume guidance cut, BYD's sluggish God's Eye model sales — largely reflected in Hesai's share price, we see further volume upside from Xiaomi, Leap Motor, as well as wallet share gain in BYD." The analyst also expects LiDAR adoption to rise as the adoption of L2+ smart driving rises overseas, with Hsiao predicting penetration to reach 15% to 20% in ex-China regions by 2030. Like the existing China market, Hsiao expects that by 2030, it could become a standard safety specification in any vehicles priced above $30,000. Another catalyst also comes in the form of a growing robotics business, he wrote. Potential products that could fit in this category include lawnmowers and humanoids. "We expect robotaxis and smart home robotic appliances to serve as Hesai's second revenue growth driver from 2026 onwards," he added. "In fact, we expect much higher ASP/margin profile from robotaxi players (given more LiDAR units per car), and a TAM of US$5bn for the humanoid/smart home robotics market."
Yahoo
18-07-2025
- Business
- Yahoo
Hesai Group (HSAI) Declines on US Court Ruling Over Alleged Ties to Beijing Military
We recently published . Hesai Group (NASDAQ:HSAI) is one of the worst-performing companies on Thursday. Hesai Group fell for a second day on Thursday, dropping 8.23 percent to close at $20.06 apiece as investors remained cautious about a ruling upholding a US government decision to add it to a list of companies allegedly working with China's military. On Friday, US District Judge Paul Friedman in Washington ruled that the Department of Defense's findings that Hesai Group (NASDAQ:HSAI) contributes to China's defense industrial base, posing national security concerns around Chinese lidar makers and Hesai's cooperation with Chinese agencies. Logistics robots filling packages in a warehouse, preparing for delivery. Hesai Group (NASDAQ:HSAI) strongly denied allegations, saying that it was disappointed about the ruling. 'We are deeply disappointed by the court's ruling and respectfully disagree with its decision. We believe the DoD's designation lacks both factual and legal bases. Critically, the court acknowledged that the DoD found no evidence that Hesai's products have been used for military purposes, nor any evidence of a direct or indirect connection between Hesai and the Chinese military, fundamental facts Hesai has maintained all along,' Hesai Group (NASDAQ:HSAI) said in a statement. It said it appealed the decision to the US Court of Appeals for the District of Columbia. While we acknowledge the potential of HSAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Reuters
14-07-2025
- Business
- Reuters
China-based Hesai appeals ruling over US linking firm to Chinese military
WASHINGTON, July 14 (Reuters) - China-based lidar manufacturer Hesai Group (ZN80y.F), opens new tab appealed a ruling on Monday upholding a U.S. government decision to add it to a list of companies allegedly working with Beijing's military. U.S. District Judge Paul Friedman in Washington ruled on Friday that the Defense Department's finding that Hesai contributes to the Chinese defense industrial base is supported by substantial evidence reflecting lidar's military application, national security concerns around Chinese lidar makers and Hesai's cooperation with Chinese agencies. Hesai said it appealed the decision to the U.S. Court of Appeals for the District of Columbia.
Nikkei Asia
14-07-2025
- Automotive
- Nikkei Asia
China's Hesai appeals US court ruling supporting blacklist inclusion
Hesai Group's Shanghai headquarters. The company's Nasdaq shares jumped last month after Xiaomi reported that its newest electric vehicles which are installed with Hesai sensors received more orders than expected. © Reuters WATARU SUZUKI SHANGHAI -- Hesai Technology, the Chinese producer of light detection and ranging (LiDAR) sensors used in vehicles, said Monday it has appealed a U.S. court ruling that upheld the Department of Defense's decision to include it on a military blacklist. The department added Hesai in January 2024 to Section 1260H, which is a list of entities it claims are affiliated with the Chinese military. The company was removed from the list in October, only to be immediately added again, according to court filings. Hesai challenged the designation in court, arguing it was "arbitrary and capricious" and insisted that it did not have military links.
Yahoo
28-06-2025
- Automotive
- Yahoo
Hesai Group (HSAI) Soars 19.26% as New Lidar Secures Safety Certification
Hesai Group (NASDAQ:HSAI) is one of the . Hesai Group soared by 19.26 percent on Thursday to end at $23.10 apiece after achieving a new milestone for its ATX Lidar and safety certification portfolio. In a statement, Hesai Group (NASDAQ:HSAI) said that its ATX, a compact, high-resolution, long-range lidar, officially obtained ISO 26262 ASIL B functional safety certification from SGS-TÜV, the world's leading testing, inspection, and certification institution. ATX marked its fourth ISO 26262 accreditation after after Pandar128, QT128, and AT128. With the new certification, Hesai Group (NASDAQ:HSAI) said it now holds the highest number of ISO 26262 certified products in the world. ISO 26262 is a key standard for the functional safety of electrical and electronic (E/E) systems in vehicles. It calls for carefully planned safety measures at every step of the development process—from safety management and concept design, to system, hardware, and software development. Logistics robots filling packages in a warehouse, preparing for delivery. As vehicles become more dependent on E/E systems, ISO plays an important role in ensuring vehicle components adhere to the most stringent safety standards to reduce costly recalls and prevent passenger injuries. While we acknowledge the potential of HSAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
