Hesai Group (NASDAQ:HSAI), the world’s leading manufacturer of lidar sensors for automotive and robotics applications, reported third-quarter net revenue of 795.4 million yuan, marking a 47.5% year-on-year increase.
The company said the strong performance was driven by higher sales of advanced driver-assistance systems (ADAS) for vehicles and continued momentum in robotic lidar solutions, reflecting sustained global demand for sensing technologies that support automation and safety.
Looking ahead, Hesai expects its fourth-quarter net revenue to climb between 39% and 67%, reaching 1 billion to 1.2 billion yuan, as lidar adoption continues to expand across the automotive and industrial sectors.