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Hesai rides on lidar growth as smart cars gain ground despite China’s struggling market

Hesai rides on lidar growth as smart cars gain ground despite China’s struggling market
South China Morning Post Thursday 20 August 2026, 07:00 UTC By Daniel Ren 1 min read
Key Points

Chinese carmakers’ reinforced push to produce more smart vehicles could sustain growth for hi-tech component suppliers, even as the broader automotive market remains lacklustre, according to Hesai Group chief financial officer Andrew Fan. “Orders for our lidar sensors [this year] were higher than in the same period last year,” Fan told the South China Morning Post on Wednesday. “An increasing percentage of new [car] models are now fitted with lidars as brands make them more intelligent.”

Chinese carmakers’ reinforced push to produce more smart vehicles could sustain growth for hi-tech component suppliers, even as the broader automotive market remains lacklustre, according to Hesai Group chief financial officer Andrew Fan. “Orders for our lidar sensors [this year] were higher than in the same period last year,” Fan told the South China Morning Post on Wednesday. “An increasing percentage of new [car] models are now fitted with lidars as brands make them more intelligent.” Hesai –... [Image text:] HESAL L HESA NEOLIX YUDEN Empower Roboticslete Live HHCMF Ccognizant
Hesai (ORG) China (LOCATION) Chinese (ORG) Hesai Group (ORG) Andrew Fan (PERSON)
Originally published by South China Morning Post Read original →

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