Hesai Technology scores over 50% YoY soar in 2025 Q2 revenue

Shanghai (Gasgoo)- On August 15, Hesai Technology (Hesai), a leading Chinese LiDAR solution developer, released its unaudited financial results for the second quarter (Q2) of 2025. Revenue climbed to 710 million yuan, marking a year-on-year surge of more than 50%, while net profit exceeded 40 million yuan, comfortably surpassing the company's GAAP profitability target.

Photo credit: Hesai Technology

Alongside the financial gains, Hesai secured a new supply program from a Toyota-affiliated joint venture, with mass production scheduled to begin in 2026.

Shipments continued to accelerate sharply during the quarter, with total LiDAR deliveries reaching 352,095 units—zooming up 306.9% from a year earlier. Deliveries of ADAS-related products accounted for 303,564 units, a year-on-year spike of 275.8%, while robotics-related LiDAR units skyrocketed an extraordinary 743.6% to 48,531 units.

In the first half of 2025, Hesai shipped 547,913 LiDAR units (+276.2% YoY), already surpassing its full-year 2024 total.

In the ADAS market, Hesai's sensors are increasingly becoming standard safety equipment on mass-market vehicles, underpinning the launch of several high-volume models. In the latest quarter, the company won new business from nine major automakers across 20 vehicle models, with deliveries scheduled between 2025 and 2026. Key customers include one of its top two global clients, along with Geely, Great Wall Motor, and Changan Auto. Meanwhile, in robotics, the company's JT series set a new global benchmark by surpassing 100,000 units of cumulative deliveries in less than five months since market launch.