Hesai 2025 Revenue Exceeds 3 Billion Yuan, Aiming for 3 Million Shipments This Year

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Hesai Technology reported record financial results for 2025, with revenue exceeding 3 billion yuan and achieving GAAP profit for the first time for a lidar maker. The company delivered 1.62 million lidar units, a 222.9% increase year-over-year, driven by strong growth in ADAS and robotics sectors. Hesai anticipates doubling its shipments in 2026 to between 3 million and 3.5 million units, fueled by new design wins and strategic partnerships.

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