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Hesai braces for 10-fold profit jump as it eyes Europe’s smart EVs for self-driving lidar

SCMP LogoSCMP5h ago

Hesai braces for 10-fold profit jump as it eyes Europe’s smart EVs for self-driving lidar - SCMP

Quick Summary:

Hesai’s 2025 profit may jump to between 200 million yuan and 350 million yuan, from 14 million yuan last year, said its chief financial officer Andrew Fan.

Reuters reported that the customer was Mercedes-Benz, the first time that a leading European carmaker picked a Chinese supplier for its worldwide product.

Hesai’s long-range automotive lidar AT128.


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Hesai braces for 10-fold profit jump as it eyes Europe’s smart EVs for self-driving lidar - SCMP (Picture 1)

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 18:30:08 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 274 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26917647

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 15 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • URL: https://chronographically.beamstart.com/news/hesai-braces-for-10-fold-17417754858941

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