Hesai Group (HSAI) Stock Rises on Increased Lidar Sales Forecast

3 days ago

Hesai Group (HSAI, Financial) saw its stock rise over 5% to $13.598. Citi has increased its forecast for Hesai's cumulative lidar shipments in 2025 from 1.17 million to 1.51 million units, citing strong contributions from companies like BYD, Xiaomi Auto, Changan Automobile, and Leapmotor. The 2026 forecast has also been raised from 2.11 million to 3.56 million units.

Hesai reported significant revenue growth in the third quarter of 2024, achieving 540 million RMB. The company's lidar product deliveries were robust, totaling 134,208 units, marking a year-over-year increase of 182.9%. Deliveries of advanced driver-assistance systems (ADAS) were particularly impressive, reaching 129,913 units, a 220% year-over-year increase.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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