Hesai Group will exhibit at the Consumer Electronics Show (CES) 2026 in Las Vegas from January 6–9, presenting live demonstrations of its next‑generation Level‑3 automotive LiDAR suite, including the long‑range ETX and short‑range FTX models, as well as its JT series robotics LiDAR products.
The announcement follows a strong Q3 2025 earnings report in which Hesai recorded revenue of RMB795.4 million, up 47.5% year‑over‑year, and net income of RMB256.2 million, a turnaround from a net loss in the same period a year earlier. Gross margin contracted to 42.1% from 47.7% in Q3 2024, reflecting a shift toward lower‑margin product mix and modest cost inflation, while lidar shipments surged 228.9% YoY, underscoring robust demand.
Hesai’s market position is reinforced by its 33% share of the global automotive LiDAR market and a 61% share of the robotaxi segment. The company has secured design wins with 24 automotive OEMs, covering more than 120 vehicle models, positioning it as a key supplier for both automotive and robotics applications.
The ETX LiDAR delivers extended detection range for Level‑3 autonomous driving, while the FTX model offers a wide field of view and solid‑state reliability for short‑range sensing. The JT series expands Hesai’s reach into robotics, providing high‑resolution sensing for autonomous mobile robots and industrial automation.
CFO Andrew Fan noted that operating expenses fell 23% year‑over‑year, driven by AI‑driven efficiencies in manufacturing and supply‑chain optimization. CEO David Li expressed confidence that sustained demand for lidar will continue to support growth, highlighting the company’s focus on cost discipline and product innovation.
The announcement was well received by investors, with analysts noting an EPS beat of $0.17 and a revenue beat of $5.02 million, reflecting strong execution and market confidence.
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