Hesai Group Reveals Robust Financials for Fourth Quarter and Full Year 2025

Hesai Group, leading the way in three-dimensional lidar solutions, disclosed their unaudited financial results for the last quarter and full year of 2025. Quarterly net revenues stood at RMB1,000.5 million (US$143.1 million), with quarterly lidar shipments hitting 631,095 units. For the full year 2025, net revenues totaled RMB3,027.6 million (US$432.9 million), and lidar shipments tallied at 1,620,406 units. Dr. Yifan “David” Li, Hesai’s Co-Founder and CEO, emphasized, “2025 marked a year of significant achievement for Hesai, capturing over 40% market share in the long-range automotive lidar market and attaining full-year GAAP profitability”. In terms of expansions, Li highlighted their collaboration…