Today, Hesai Technology, a Chinese company founded in 2014, announced an industry-shaking achievement with its outstanding technical strength and market performance: it will exceed 100,000 LiDAR deliveries in December 2024, becoming the first company in the world to achieve this achievement. This milestone not only signifies Hesai's leading position in the global LiDAR industry, but also is a testament to the technological progress and market expansion of the entire industry.
Figure: Hesai Technology today announced that it has become the world's first LiDAR company to deliver more than 100,000 units in a single month
Technology leadership and market expansion
Hesai Technology's success didn't happen overnight. From 2019 to 2022, the company's lidar deliveries increased from 2,890 units to 80,462 units, and the total operating income also increased from US$50 million to US$173 million, a growth trend that will continue in 2023, with lidar deliveries reaching 222,100 units, a year-on-year increase of 176.1%. This continuous growth reflects not only the maturity of the company's technology, but also the surge in market demand.
A new breakthrough in the field of robotics
What is particularly striking is that Hesai Technology has delivered more than 20,000 units per month in the field of robots, covering mobile robots, delivery robots, cleaning robots, lawn mowers and other fields. This achievement not only demonstrates Hesai's strength in technological innovation, but also reflects the market's wide acceptance of the company's products. With the development of robotics technology, the role of LiDAR as a key sensor has become increasingly prominent, and Hesai Technology's achievement has undoubtedly injected new impetus into the development of the robotics industry.
Capacity planning and future outlook
Hesai Technology is not satisfied with the status quo, and its future development blueprint is even more ambitious. The company's ambitious goal of increasing its annual production capacity to more than 2 million units by 2025 not only reflects Hesai's optimistic outlook for the LiDAR market, but also demonstrates its strong determination and deep heritage as an industry leader.
Industry competition and cooperation
In the global LiDAR market, Hesai Technology topped the industry with a 34% market share, followed by Seyond and RoboSense, ranking second and third with a market share of 28.4% and 24.0%, respectively. This market structure demonstrates Hesai's competitive advantage in the global lidar industry. In addition, Hesai Technology's LiDAR has received more than 100 pre-assembly mass-produced fixed-point models from 21 car companies, which highlights Hesai's competitiveness in the industry and the recognition of its technology by its partners.
Hesai's success has also been influenced by the policy and economic environment. With the increasing global demand for autonomous driving and intelligent transportation systems, the market demand for lidar as one of the key technologies is showing explosive growth. Chinese manufacturers dominate the global automotive lidar market, with a combined 88% share of the global automotive lidar market. This data shows China's important position in the global lidar industry, and also reflects the role of national policies in supporting and promoting high-tech industries.
Figure: Hesai Technology has performed well in both the robotics market and the automotive market
Conclusion
Hesai Technology's monthly delivery volume of 100,000 units is a landmark achievement, which not only represents a leap forward in the company's technological strength, but also indicates the widespread application and rapid growth of LiDAR technology around the world. With the expansion of production capacity and the introduction of new products, Hesai Technology is expected to continue its leadership position in the global LiDAR field in the future. At the same time, this achievement also provides us with a deep insight into the future development of LiDAR technology, as well as its important applications in various fields such as autonomous driving, intelligent transportation, and robotics. The success of Hesai Technology is not only a glory for the company, but also a reflection of China's competitiveness in the global high-tech field.
