TacticScale

What Hesai Does & How It Makes Money (2525.HK)

Updated October 2026 · reflects Hesai's latest reported financials

Chinese maker of LiDAR sensors for cars, robotaxis and robots. Hesai earns most of its revenue by selling LiDAR sensors to automakers, autonomous-driving fleet operators and robot makers.

Hesai's story, moat and numbers — in a 3-minute visual book.

Explore Hesai on TacticScale →

How Hesai makes money

Hesai earns most of its revenue by selling LiDAR sensors to automakers, autonomous-driving fleet operators and robot makers. It also earns money from gas sensor sales, validation services, solution services and engineering product development.

What Hesai does

Hesai Group, founded in 2014 and based in Shanghai, develops, manufactures and sells 3D LiDAR, the laser-based sensors that let vehicles and machines detect and measure what's around them. It sells in Mainland China, Europe, North America and other markets. Customers use its LiDAR in three main areas: passenger and commercial vehicles with advanced driver assistance systems, autonomous fleets that carry people and freight, and robots such as last-mile delivery robots, street sweepers and logistics robots working in restricted areas. LiDAR hardware is the core of the business. Hesai also sells gas sensor products and offers validation services, solution services and engineering product development. The company's results depend on how widely driver-assistance and autonomous driving systems are adopted, and on how quickly robots are deployed in logistics and city services.

Products & services

What is Hesai worth?

Fair value: not published

A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.

We show a fair value only when the method is trustworthy. See Hesai on TacticScale →

Sector Consumer Cyclical Industry Auto Parts HQ China Ticker 2525.HK Official site

Related companies

Aerospace Hi-Tech (000901.SZ) · NINGBO HENGSHUAI (300969.SZ) · Beijing Jingwei Hirain Technologies (688326.SS) · Shanghai Huace Navigation Technology (300627.SZ) · Longhorn Auto (301488.SZ)