Hesai Group American Depositary Share, each ADS represents one Class B ordinary share
HSAIHesai Group is a technology company specializing in the development and manufacturing of advanced LiDAR sensors and solutions primarily for autonomous vehicles, robotics, and industrial applications. The company's ADS represent ownership in its Class B ordinary shares, allowing investors to gain exposure to Hesai's innovative sensor technology and growing presence in the autonomous driving industry.
Company News
Cheng-Tech, China's third-largest millimeter-wave radar maker, has filed for a Hong Kong IPO to capitalize on the autonomous driving boom. The company reported 464% revenue surge in H1 2025, but faces significant risks from 97.4% customer concentration with BYD. While the millimeter-wave radar market is growing at 13.1% annually, Cheng-Tech's val...
Seyond, a U.S.-based LiDAR sensor manufacturer, successfully completed a SPAC listing in Hong Kong after a lengthy regulatory process, becoming only the third firm to do so under the exchange's 4-year-old program.
Hesai Group reported strong Q3 2025 financial performance, with net revenues of RMB795.4 million, representing a 47.5% year-over-year increase. The company achieved record net income of RMB256 million and surpassed one million lidar units in annual production, with significant growth in ADAS and Robotics lidar shipments.
Hesai Group has filed a patent infringement lawsuit against Seyond Holdings in Zhejiang province, alleging that Seyond's Robin E1X LiDAR sensor closely resembles Hesai's AT series, potentially impacting Seyond's upcoming Hong Kong SPAC listing.
The driverless vehicle market is poised for significant growth, with multiple companies investing in autonomous technology across automotive and tech sectors. The industry faces challenges in regulation and public trust but offers potential trillion-dollar opportunities by 2030.
