Hesai Group

Lidar sensors bounce laser pulses off their surroundings to build a live three-dimensional map, and Hesai Group is one of the largest makers of them. The Shanghai company supplies lidar for driver-assistance and autonomous-driving systems in passenger cars, as well as for robotaxis, delivery robots and industrial machines. Founded in 2014, Hesai listed on the Nasdaq in 2023 and ships in high volume to Chinese automakers, which has made it one of the world's top lidar suppliers by units as the technology moves from a costly research tool toward a mass-market automotive part. Scale and manufacturing cost are the battleground, since carmakers demand steep price cuts each year and rivals are numerous. Being China-based also exposes Hesai to trade and export tensions, including US scrutiny of Chinese sensor suppliers, a political overhang that sits alongside the ordinary competition for design wins.

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