Hesai Stock Declines Amid Record Growth Surge — CEO Delivers Unexpected Market Message

Hesai, a major China-based lidar manufacturer and key supplier to global EV and autonomous vehicle brands like BYD, NIO, XPeng, Li Auto, Motional, and SAIC, continues expanding its footprint despite recent stock volatility. Hesai Stock also secured new programs with Toyota’s EV lineup and a top European automaker, strengthening its international position. In Q3 2025, Hesai posted $111.7 million in revenue and $36 million in net income, yet softer Q4 profit guidance—despite strong shipment growth—helped drive recent Hesai stock declines.