Joanna Ma's questions to Hesai Group (HSAI) leadership • Q1 2025
Question
Joanna Ma from CMBI asked for management's view on the impact of new AEBS (Advanced Emergency Braking System) draft regulations on the LiDAR industry. She also inquired about the outlook for operating efficiency improvements and CapEx.
Answer
CEO Yifan Li explained that AEBS regulations are transforming LiDAR from a convenience feature into a critical safety component, akin to an 'invisible airbag,' which is rapidly accelerating its adoption rate. CFO Andrew Fan reiterated the full-year CapEx guidance of $30-$50 million and confirmed the company is on track for its targeted operating expense savings, highlighting a 9% YoY OpEx decline in Q1 and the benefits of operating leverage from their scalable platform.