Automotive China Finance Technology
Hesai Group, a global tech company specializing in 3D perception, announced its unaudited financial results for the first quarter of 2026. The quarter saw net revenues of RMB680.6 million (US$98.7 million), with 471,723 lidar shipments and net income of RMB18.3 million (US$2.7 million). Dr. Yifan ‘David’ Li, Hesai’s Co-Founder and CEO, highlighted the company’s strategic evolution from “Spatial Perception” to “Spatial Intelligence.” Hesai maintained its leadership in China’s long-range automotive lidar market, capturing a 55% share in March 2026. The company’s breakthrough ASIC, Picasso, integrates RGB color information with precise XYZ spatial data, paving the way for the Physical AI…
News Timeline:
Track the development of this news story across the Internet.