Yutong Zhang's questions to Hesai Group (HSAI) leadership • Q1 2025
Question
Yutong Zhang from Huatai Securities inquired about Hesai's global market progress, asking for delivery timelines to global OEMs, the expected volume impact over the next two years, and the potential for NRE (Non-Recurring Engineering) income from these partnerships.
Answer
CFO Andrew Fan highlighted significant progress, including five active Proof of Concept (POC) programs with top global OEMs and Tier 1s in Europe and Japan. He emphasized an exclusive, multi-year design win with a top European OEM, calling it the industry's largest global program. While not providing specific timelines or NRE figures, he underscored the massive long-term market potential of $30 to $60 billion as global LiDAR penetration grows.