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SHANGHAI - Hesai Group (NASDAQ:HSAI), a prominent player in lidar technology with a market capitalization of $1.71 billion and annual revenue of $284.58 million, has announced its AT128 model will be integral to the first L4 autonomous Robotaxi, a collaborative venture between Didi Autonomous Driving and GAC Aion New Energy Automobile Co., Ltd. The vehicle, which debuted at the 2025 GAC Tech Day and GAC Intelligent Safety Summit, is slated for mass production this year and deployment in 2026. According to InvestingPro data, analysts expect Hesai’s revenue to grow by 65% in FY2025, highlighting the company’s expanding market presence.
The Robotaxi will incorporate four AT128 lidar sensors to create a 360° perception system without blind spots, essential for safe navigation. These sensors boast a resolution of 1200x128, capturing 1.53 million data points per second and can detect obstacles up to 200 meters away. This high-resolution sensing is critical for the Robotaxi’s operation in complex urban and highway environments. The company maintains a strong financial position with a healthy current ratio of 2.87 and impressive gross margins of 42.59%.
In total, the Robotaxi integrates 33 different sensors, utilizing a heterogeneous sensor fusion architecture, which is designed to provide comprehensive situational awareness in real-time. The inclusion of Hesai’s AT128 sensors is expected to enhance the vehicle’s depth perception and overall safety.
David Li, Co-Founder and CEO of Hesai, expressed pride in the company’s contribution to the L4 Robotaxi, highlighting the synergy between advanced lidar innovation and autonomous driving systems.
The L4 Robotaxi is the fruit of a strategic multi-year partnership between Didi Autonomous Driving and GAC Aion. It merges GAC Aion’s safety redundancy platform, designed for L4 autonomous driving, with Didi’s advanced hardware platform, safety redundancy layers, and full-stack autonomous driving software.
Hesai continues to advance lidar technology, aiming to support its partners in developing safe and economically viable autonomous driving solutions. This announcement underscores the company’s ongoing commitment to innovation and collaboration in the evolving automotive landscape.
The information in this article is based on a press release statement. For comprehensive analysis and additional insights about Hesai Group, including 10+ exclusive ProTips and detailed financial metrics, visit InvestingPro. The platform offers an in-depth Pro Research Report, transforming complex financial data into actionable intelligence for smarter investment decisions.
In other recent news, Hesai Technology has been recognized as the leading automotive lidar company by market share for the fourth consecutive year, capturing 33% of the global market by revenue in 2024. The company achieved a significant milestone by delivering over 100,000 lidar units in a single month, marking the highest revenue among its competitors. Hesai has also announced a partnership with Apollo Go to deploy 1,000 vehicles equipped with its lidar technology in Dubai, supporting Level 4 autonomous driving. Furthermore, the company has partnered with Chery Automobile to integrate its ATX Lidar into Chery’s new energy iCAR brand, with mass production set to begin in the fourth quarter of 2025. In another collaboration, Hesai is working with a top Chinese NEV automaker to integrate its lidar into high-end smart electric vehicles. However, Hesai faces scrutiny after Blue Orca Capital released a report questioning the legitimacy of its business and financial disclosures, alleging connections with the Chinese military and inconsistencies in financial statements. The short seller’s report also claims Hesai failed to disclose the loss of its largest customer and a significant workforce reduction. Despite these allegations, Hesai continues to play a significant role in the global lidar and autonomous driving markets.
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