Hesai Technology announced its official listing on the Nasdaq stock market in the United States yesterday, with the stock code “HSAI” and an initial public offering price of US$19.0 per share.
▲ Source: Hesai Technology
As of the close of U.S. stocks today, Hesai Technology’s share price rose 10.79% to US$21.05, with a total market value of US$2.621 billion (currently about 17.797 billion yuan).
As a lidar research and development and manufacturing company, Hesai Technology products are used in passenger cars and commercial vehicles supporting advanced driver assistance systems (ADAS), as well as autonomous vehicles. According to the prospectus, Hesai Technology will cumulatively ship more than 80,400 lidar units in 2022, ranking first in the world.
By the end of 2022, the cumulative delivery of Hesai Technology’s lidar products will exceed 100,000 units. Hesai’s customers include global mainstream automakers, autonomous driving and robotics companies, covering more than 90 cities in 40 countries around the world.
▲ Hesai Technology’s pure solid-state short-range blind-filling lidar
Hesai Technology has 1,010 employees, 70% of whom are R&D personnel, 350 patents have been authorized, and 713 patents are pending.