HSAI

Hesai Group (HSAI) is a leading Chinese LiDAR provider for autonomous vehicles and ADAS. Founded in 2014 and headquartered in Shanghai, it went public on Nasdaq in 2023, raising $190M.

The company partners with major automakers like Li Auto, Nio, and XPeng. In 2025, Mercedes-Benz announced a partnership to integrate Hesai’s LiDAR into its smart driving tech for global markets.

Hesai plans to halve LiDAR prices in 2025 to drive wider EV adoption. Despite past U.S. blacklist challenges, it remains a key innovator in autonomous driving.