Hesai Group (China)

The Company is primarily engaged in the development, manufacture and sales of 3-dimensional light detection and ranging solutions, or LiDAR.
The Company, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. It operates in two segments, LiDAR and Gas Detection. The company also offers gas detection products; and engineering design, development, and validation services. Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous vehicle fleets providing passenger and freight mobility services; and other applications, such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas.
HISTORY
2014 - The Company was founded in 2014 and is headquartered in Shanghai, China.
2021 - The Company was incorporated under the laws of the Cayman Islands on April 21, 2021.
- On May 6, 2021, the Company established Hesai Hong Kong Limited (“Hesai HK”) in Hong Kong, a wholly owned subsidiary to be the intermediate holding company.
- In June 2021, the Company through Hesai HK acquired 100 of the equity interest of Shanghai Hesai from the Founding Shareholders and its investors, thus Shanghai Hesai became the wholly owned subsidiary of the Company.
2023 - In February 2023, the Company completed the Company s initial public offering and listed the Company s ADSs on the Nasdaq Global Select Market under the symbol “HSAI.”