Hesai Group (NASDAQ:HSAI), the world’s leading manufacturer of lidar sensors for automotive and robotics applications, reported third-quarter net revenue of 795.4 million yuan, marking a 47.5% year-on-year increase.

The company said the strong performance was driven by higher sales of advanced driver-assistance systems (ADAS) for vehicles and continued momentum in robotic lidar solutions, reflecting sustained global demand for sensing technologies that support automation and safety.

Looking ahead, Hesai expects its fourth-quarter net revenue to climb between 39% and 67%, reaching 1 billion to 1.2 billion yuan, as lidar adoption continues to expand across the automotive and industrial sectors.

Hesai Group stock price

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.