On Thursday, Hesai (HSAI.US) rose over 5% in pre-market trading, reporting $13.598.
According to Zhitong Finance APP, on Thursday, Hesai (HSAI.US) rose over 5% in pre-market trading, reaching $13.598. Citigroup has upgraded its cumulative shipment forecast for Hesai in 2025 from 1.17 million units to 1.51 million units, based on the positive impact of companies like BYD, Xiaomi Automobile, Chongqing Changan Automobile, and LEAPMOTOR in driving the growth of Hesai's Lidar sales. Meanwhile, the forecast for 2026 has also been raised from 2.11 million units to 3.56 million units.
It is particularly noteworthy that Hesai achieved revenue of 0.54 billion yuan in the third quarter of 2024, showing significant year-on-year growth. The delivery performance of the company's Lidar products was strong, with a total of 134,208 units delivered, a year-on-year increase of 182.9%. Among them, the delivery of Advanced Driver Assistance System (ADAS) products was particularly impressive, reaching 129,913 units, a staggering year-on-year growth of 220.0%.
