Top stories in China’s LiDAR industry in 2023

In 2023, the race for advanced driver assistance systems (ADAS) became the absolute focal point for major automotive companies in China.

LiDAR, representing a cutting-edge hardware sensor for autonomous driving, began mass production in 2022 and experienced rapid growth throughout 2023, marking the onset of its significant expansion.

One of the pivotal events in 2023 that bolstered confidence in the LiDAR market was Hesai Technology's listing on the NASDAQ.

Photo credit: Hesai Technology

With leading automakers intensifying efforts to implement Navigation on Autopilot (NOA) systems onboard and aiming to overcome limitations posed by HD maps, the LiDAR race has ignited intense market competition, resulting in increased delivery volumes and enhanced user awareness.

Gasgoo put together a list of major events in the LiDAR field in China during 2023.

Hesai Technology achieves cumulative LiDAR delivery milestone of over 300,000 units

On December 26, the LiDAR supplier Hesai Technology announced that its cumulative LiDAR deliveries have surpassed 300,000 units since its inception, establishing itself as the world's first automotive LiDAR company to reach this feat.

LiDAR solution provider Innovusion renamed ‘Seyond’

Starting December 15, 2023, LiDAR solution provider Innovusion has changed its English name to "Seyond", retaining its Chinese name while introducing a revamped brand logo.

RoboSense’s Q3 LiDAR sales reach nearly 60,000 units

In the third quarter of 2023, RoboSense, a provider of smart LiDAR sensor systems, experienced a rapid surge in LiDAR deliveries, reaching a new pinnacle—totaling nearly 60,000 units, with over 53,000 units being automotive LiDAR.

Chinese LiDAR maker LSLiDAR bags hundreds of millions of yuan in Series D financing

Shenzhen-based LiDAR maker LSLiDAR (Leishen Intelligent System Co., Ltd.) recently secured hundreds of millions of yuan in its D-round funding.

Hesai Technology joins NVIDIA’s Omniverse ecosystem

Chinese LiDAR manufacturer, Hesai Technology (Hesai), announced today its official integration into the NVIDIA Omniverse ecosystem through a deepened collaboration with NVIDIA.

LiDAR maker tanway bags over 100 million yuan in Series A+ financing

Chinese LiDAR maker tanway recently announced the completion of its A+ funding round, raising over 100 million yuan.

Chinese LiDAR maker Hesai Technology turns profitable in Q1 2023

Hesai Technology, a prominent Chinese LiDAR manufacturer, recently released its unaudited financial report for Q1 2023, showcasing a record-breaking quarterly revenue of $62.6 million, marking a substantial year-over-year increase of 73.0%.

Hesai Technology inaugurates European office in Stuttgart, Germany

Chinese LiDAR maker, Hesai Technology, officially inaugurated its European office in Stuttgart, Germany on May 11. This move is aimed at expanding Hesai's presence in the European market and accelerating its global strategic layout.

RoboSense, SAIC Motor's cooperation enters mass production phase

On Mar. 30, Chinese LiDAR supplier RoboSense officially announced its nominated supply project with SAIC Motor’s Rising Auto brand. The duo’s collaborative F7 model already started delivery.

China’s LiDAR maker Hesai Technology goes public on Nasdaq

On February 9 Beijing time, shares of Hesai Technology, China-based leading LiDAR supplier, began trading on Nasdaq (NASDAQ: HSAI), making Hesai China's first US-listed LiDAR company.

Chinese LiDAR maker Benewake partners with Jabil for auto-grade LiDAR production, delivery

On January 9, Beijing-based LiDAR supplier Benewake announced via its WeChat account its cooperation with the American manufacturing services company Jabil for the manufacturing and delivery of Benewake’s AD2 auto-grade LiDAR.