27-05-2025
- Automotive
- Business Insider
Hesai reports Q1 EPS RMB 0.06 vs (RMB 0.54) last year
Reports Q1 revenue RMB 525.3M vs RMB 359.1M last year. 'Hesai (HSAI) was ranked as the world's No.1 automotive lidar company by revenue market share for the fourth consecutive year in 2024, according to Yole Group-affirming our industry leadership. 2025 is off to a strong start, and we are ready to build on this momentum,' said Yifan 'David' Li, Hesai's Co-Founder and CEO. 'At the 2025 Shanghai Auto Show, one thing was clear-OEMs are all-in on intelligent driving. Our three core beliefs for lidar echo this vision-safety is not optional, never second-best, and without limits. Our ADAS lidar brings these values to life and continues to secure major design wins with new deals signed recently with Chery, Great Wall Motor, Zeekr, and Geely. Internationally, we've made rapid progress by securing a new development project with a Top 5 global Tier 1 supplier headquartered in Japan. We also empowered the Robotaxi industry as the main lidar supplier for next-generation fleets from Baidu Apollo Go, DiDi, and WeRide, while supporting the global expansion of some partners into key overseas markets. Beyond transportation, we believe every robot needs lidar as a foundational 3D sensor. Our JT series has emerged as a key enabler in this space, attracting strong interest from a wide range of Robotics customers. With accelerating adoption and expanding opportunities across the ADAS and Robotics segments, we are confident in our ability to scale our reach and unlock even greater growth in the quarters to come.'
