Hesai Technology (Hesai; ) is a publicly listed Chinese technology company that engages in the development and sales of lidar products such as sensors. Its products are used mainly in the ADAS, vehicular automation, robotics and industrial sectors.
History
When Hesai was founded, lidar products were entering a period of growth especially when American companies were launching robotaxis. At that time, a set of lidar products could cost up to US$80,000 however Hesai was able to sell them for US$40,000 which helped it to gain it market share.[2]
Hesai has seen domestic success in China. Previously Baidu acquired light sensors from Velodyne Lidar for its robotaxis. However Velodyne did not have a warehouse in China and it took months to send parts back and forth to the US for repair. Hesai took advantage by being able to provide domestic after-sales service that could repair components within two days. As a result, in 2018, Baidu awarded Hesai a contract to be its supplier.[2]