Hesai Group (HSAI) Turns Profitable in Q3, Wins Exclusive Li Auto Lidar Deal, and Guides Stronger Q4 — Nov. 11, 2025
Hesai Group (NASDAQ: HSAI; HKEX: 2525) delivered two headlines today: a return to profitability on record quarterly results and a fresh commercial win as the exclusive lidar supplier for Li Auto’s next‑generation assisted‑driving platform. Management also guided to double‑digit growth for Q4, underscoring momentum in both ADAS and robotics lidar shipments. Quiver Quantitative+2PR Newswire+2 Key takeaways By the numbers: Hesai’s record quarter Hesai reported RMB 795.4 million in Q3 net revenue, up 47.5% year on year, and shipped 441,398 lidar sensors, including 380,759 for ADAS and 60,639 for robotics. Gross margin came in at 42.1%, while net income reached RMB