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SHANGHAI - Hesai Group (NASDAQ:HSAI), a leader in lidar technology with a market capitalization of $1.45 billion, has introduced its new Eye lidar solution designed to enhance levels of autonomous driving from L2 to L4. The company, which according to InvestingPro analysis maintains a strong financial position with more cash than debt, unveiled three automotive-grade lidar products, the ETX, AT1440, and FTX, each targeting different applications within the autonomous vehicle industry.
The AT1440, touted as the highest-channel-count automotive-grade lidar, is set to enter mass production in the latter half of 2025. It will be featured on Kargobot’s transport robots and L4 autonomous truck platooning solutions. With 1,440 channels and a 300-meter range, the AT1440 offers significantly higher resolution compared to existing products, aiming to improve the detection of small objects and road surface variations.
The FTX is a fully solid-state lidar with a wide 180° by 140° field of view, delivering double the resolution of its predecessors while reducing the exposed window area by 40%. This technology is designed to eliminate blind spots and detect low-profile obstacles, contributing to safer automated parking and lane changing.
For L3 conditional autonomous driving, the null Eye B integrates a long-range ETX lidar with two FTX lidars to provide a balance of range and wide-angle perception. The ETX, boasting the longest lidar range available, will be mass-produced by the end of 2026 and has already secured nominations from a leading European OEM.
The null Eye C caters to L2 advanced driver assistance systems (ADAS) with the compact ATX lidar. Since its production began in the first quarter of 2025, over 50,000 units have been delivered, and it has been adopted by 11 major OEMs as a standard safety feature in new models.
Hesai’s fourth-generation technology platform underpins these innovations, promising enhanced lidar performance with lower power consumption. The Intelligent Point Cloud Engine (IPE) at the core of this platform can filter out 99.9% of environmental noise, ensuring reliable perception in all weather conditions.
The company’s scalable product portfolio addresses the needs of the automotive, robotics, and industrial sectors, with a projected delivery of 1.2 to 1.5 million lidar units in 2025. Hesai’s automated production lines have the capacity to produce 2 million units annually, positioning the company to meet the increasing demand for lidar technology. With analysts forecasting 62% revenue growth in FY2025 according to InvestingPro data, the company appears well-positioned to capitalize on its production capabilities. For investors seeking deeper insights, InvestingPro offers 12 additional investment tips and comprehensive analysis in its Pro Research Report, available exclusively to subscribers.
This news is based on a press release statement from Hesai Technology. Despite recent market volatility that has seen the stock decline 15.4% in the past week, Hesai shares have shown remarkable strength with a 175.8% return over the past year. The stock currently trades at $10.95, significantly above its 52-week low of $3.52. Discover more detailed financial metrics and expert analysis with InvestingPro’s comprehensive coverage of over 1,400 US stocks.
In other recent news, Hesai Technology has announced its AT128 lidar will be used in the first L4 autonomous Robotaxi, a joint venture between Didi Autonomous Driving and GAC Aion. This vehicle is expected to enter mass production this year and be deployed by 2026. Additionally, Hesai has retained its position as the leading automotive lidar company by market share, capturing 33% of the global market according to Yole Group’s report. The company has also partnered with Chery Automobile to integrate its ATX Lidar into Chery’s new energy iCAR brand, with mass production slated for the fourth quarter of 2025. Hesai’s technology will also equip 1,000 Apollo Go robotaxis in Dubai, marking a significant step in autonomous driving solutions. However, Hesai has faced challenges following a report from Blue Orca Capital, which questioned the legitimacy of its business and financial disclosures, including alleged ties to the Chinese military. The report has raised investor concerns, although Hesai has not yet publicly responded to these allegations.
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