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Hesai Group Files Its Annual Report on Form 20-F

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Hesai Group (NASDAQ: HSAI), a leader in three-dimensional light detection and ranging (LiDAR) solutions, filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC on April 20, 2023. This report includes the Company's audited consolidated financial statements, accessible via the SEC website and Hesai's investor relations page. Shareholders can request a free hard copy of the report. Hesai's LiDAR technology serves various applications, including advanced driver assistance systems and autonomous vehicles, with validated products supported by strong R&D capabilities. As of December 31, 2022, the company has established partnerships with automotive OEMs and robotics companies across 90 cities in 40 countries.

Positive
  • Filed annual report on time with the SEC, demonstrating regulatory compliance.
  • Hesai is a leader in LiDAR technology, highlighting strong market position.
  • The company has established relationships with automotive OEMs and robotics firms worldwide.
Negative
  • None.

SHANGHAI, China, April 20, 2023 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (LiDAR) solutions, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the "SEC") on April 20, 2023. The annual report, which contains the Company’s audited consolidate statements, can be accessed on the SEC's website at https://www.sec.gov and on Hesai Group's investor relations website at https://investor.hesaitech.com.

The Company will provide a hard copy of its annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to ir@hesaitech.com or Investor Relations Department at Hesai Group, 9th Floor, Building L2-B, 1588 Zhuguang Road, Qingpu District, Shanghai 201702, People’s Republic of China.

About Hesai

Hesai Technology is the global leader in three-dimensional light detection and ranging (LiDAR) solutions. The Company’s LiDAR products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. The Company’s commercially validated solutions are backed by superior research and development capabilities across optics, mechanics, electronics, and software. Hesai integrates LiDAR designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 90 cities in 40 countries as of December 31, 2022.

For investor and media inquiries, please contact:

In China:

Hesai Group
Investor Relations
Email: ir@hesaitech.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: hesai@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: hesai@tpg-ir.com


FAQ

What is the significance of Hesai Group's Form 20-F filing on April 20, 2023?

The filing indicates compliance with SEC regulations and provides audited financial statements for investors.

How can shareholders obtain a copy of Hesai Group's annual report?

Shareholders can request a free hard copy by contacting the investor relations department via email.

What does Hesai Group specialize in?

Hesai Group specializes in three-dimensional light detection and ranging (LiDAR) solutions for various applications.

What markets does Hesai Group serve?

Hesai Group serves markets in automotive and robotics, with partnerships in over 90 cities across 40 countries.

Hesai Group American Depositary Share, each ADS represents one Class B ordinary share

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