Hesai Group, a prominent Chinese company based in Qingpu, has recently achieved a significant milestone in its operations. On December 12, 2025, the company announced that it had secured multiple long-range LiDAR model contracts with Geely, a major player in the automotive industry. This development marks the beginning of mass production and delivery for Hesai’s LiDAR products, which are integral to advanced driver assistance systems and autonomous vehicle technologies.
The announcement comes after a period of fluctuating share prices for Hesai Group. The company’s stock reached a 52-week high of 244 HKD on September 15, 2025, but subsequently experienced a decline, hitting a low of 116.3 HKD on November 20, 2025. As of December 11, 2025, the closing price stood at 161.1 HKD. Despite these fluctuations, the company’s market capitalization remains substantial at 248.4 billion HKD.
Hesai Group’s recent partnership with Geely is a strategic move that aligns with the company’s focus on expanding its presence in the LiDAR market. This collaboration is expected to bolster Hesai’s revenue pipeline and reinforce its position as a key supplier of LiDAR technology, which is increasingly critical in the development of autonomous vehicles. The company’s valuation metrics, including a price-to-earnings ratio of 47.48 and a price-to-book ratio of 2.51, reflect its strong earnings performance and solid asset base.
The LiDAR solutions offered by Hesai Group are designed to enhance the capabilities of both passenger and commercial vehicles, supporting a wide range of applications from advanced driver assistance systems to fully autonomous vehicle fleets. This technological advancement is crucial as the automotive industry continues to shift towards more autonomous and connected vehicle solutions.
In summary, Hesai Group’s recent contract with Geely represents a significant step forward in its strategic expansion within the LiDAR market. This partnership not only underscores the company’s technological prowess but also positions it favorably within the broader industry trend towards autonomous vehicle technologies. As Hesai Group moves into mass production and delivery, it is poised to play a pivotal role in the evolving landscape of automotive innovation.
