Hesai Group Achieves Record 2025, Expects Continued Growth in 2026 with New Non-LiDAR Product Lines

Hesai Group reported record 2025 revenue of $433m, up 46% YoY, and full-year GAAP net income of RMB 436m. The company raised its 2026 shipment outlook and plans to commercialize two new non-LiDAR product lines. Hesai maintained leadership in automotive long-range LiDAR with over 40% share of the market, achieving full LiDAR adoption on best-selling models from partners including Li Auto and Xiaomi.