Hesai Technology designs and manufactures LiDAR sensors — devices that emit laser pulses and measure return time to generate precise 3D maps of surrounding environments. Hesai serves two primary markets: ADAS and robotics. In ADAS, Hesai sells sensors directly to Chinese and global auto OEMs and Tier-1 suppliers, enabling features like adaptive cruise control, automatic emergency braking, and higher-level autonomous driving. Hesai's flagship ADAS product, the ATX, is a compact long-range sensor priced around $150–200, and has driven rapid penetration into mass-market Chinese EVs. The company has secured design wins with every top-10 OEM in China, covering 160+ vehicle models. In robotics, Hesai supplies LiDARs to autonomous vehicle fleets, humanoid robots, delivery robots, robotic lawn mowers, and warehouse automation. Revenue is driven by unit shipments and ASPs, which vary by product. ADAS drives volume, while robotics carries higher ASPs and margins. Hesai's technology foundation is its proprietary ASIC architecture — custom chips integrated across both transmitter and receiver modules — which reduces component counts, lowers manufacturing costs, and enables automotive-grade quality at scale. Hesai manufactures in-house at facilities in Hangzhou, Shanghai, and Thailand. Beyond its core LiDAR business, Hesai has signaled plans to expand into enhanced sensing and motion control actuators for robots, framing these as a second growth engine.