Hesai Posts First Full-Year Profit, Targets Up to 3.5 Million Lidar Units in 2026
Hesai Technology reported significant financial growth in 2025, achieving profitability and increasing lidar shipments to 1.6 million units.
Latest in EV news, technologies, data and insights from China market
Hesai Technology reported significant financial growth in 2025, achieving profitability and increasing lidar shipments to 1.6 million units.
Hesai has now secured over 160 production nominations from more than 40 automakers, covering all of China’s top ten brands by sales.
China remained the largest EV market with 646,000 units sold in Jan, accounting for 53% of global demand.
The Golden Shield solid-state battery achieves an energy density of 400Wh/kg, providing a range of over 1,500 kilometers on a full charge while improving safety by 70%.
In addition to solid-state lithium batteries, BYD is also advancing sodium-ion battery development in parallel, mass production determined by market demand.
The Starting Point Research Institute predicts that by 2030, the market size for automotive sodium-ion batteries alone is expected to exceed 410 GWh.
Four Tianxing II battery variants comprise an ultra-fast charging version, a long-range version, a high-temperature ultra-fast charging version, and a low-temperature version.
China’s pickup exports totaled 300,000 units in 2025, up 21% YoY, accounting for roughly 50% of total pickup sales.
China’s auto market cooled toward year-end, with December sales down 8% YoY, but full-year volumes still rose 9% to 34.4 million units, driven by exports and NEVs.
China’s NEV market in 2025 saw intense competition, particularly among joint venture automakers like Toyota and Nissan.