Hesai Responds to Patent Infringement Lawsuits

Rhea-AI Summary

Hesai Group (NASDAQ: HSAI), a leader in 3D LiDAR technology, has announced its intention to vigorously defend against patent infringement lawsuits filed by Ouster, Inc. in the U.S. International Trade Commission and District Court of Delaware. Hesai, which has over 300 patents and more than 700 pending applications, stated that Ouster's allegations are flawed and lack merit. The company has delivered over 130,000 LiDAR units since its inception, with 80,000 units delivered in 2022 alone—surpassing the total deliveries of eight other U.S. listed LiDAR firms combined. Hesai emphasizes its commitment to protecting intellectual property and its extensive investment in R&D, which involves over 700 staff members. The firm has established strong relationships with major automotive and robotics companies across 90 cities in 40 countries.

Positive

• Hesai has delivered over 130,000 LiDAR units since inception.
• In 2022, Hesai delivered more than 80,000 LiDAR units, exceeding the combined totals of eight U.S. listed competitors.
• The company holds over 300 patents and has 700 pending patent applications.

Negative

• Hesai faces legal challenges due to patent infringement lawsuits filed by Ouster, potentially affecting its reputation and financial resources.

SHANGHAI, China, April 17, 2023 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (LiDAR) solutions, today released the following statement regarding the patent infringement lawsuits recently filed by Ouster, Inc. (“Ouster”) with the U.S. International Trade Commission and the U.S. District Court for the District of Delaware.

Hesai’s independently developed LiDAR technology is the result of years of investment in research, development, and engineering. Hesai disputes Ouster’s allegations of patent infringement and will vigorously defend itself against such allegations.

Hesai has become the global leader in providing superior LiDAR technology to the market and has over 300 patents and 700 pending patent applications worldwide. Hesai values and respects valid and enforceable intellectual property rights and will defend itself against any allegations that are improper or lack merit.

Yifan (David) Li, Hesai's Co-Founder and CEO, stated, “We believe Ouster’s complaints are deeply flawed and lack merit. We invest heavily in proprietary research and development. We have more than 700 staff working in our R&D and manufacturing teams. We also regard our own trademarks, patents, domain names, trade secrets, proprietary technologies, and similar intellectual property as critical to our success.”

Hesai has been a pioneer in introducing new technologies to the LiDAR industry. As the global leader in providing LiDAR technology solutions, the Company has cumulatively delivered more than 130,000 units since inception and more than 80,000 units in 2022. The Company’s 2022 LiDAR revenues and LiDAR unit deliveries easily exceeded the cumulative 2022 totals for the eight other U.S. listed LiDAR companies combined.

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 patent infringement lawsuits is Hesai Group involved in?

Hesai Group is facing patent infringement lawsuits filed by Ouster, Inc. with the U.S. International Trade Commission and the U.S. District Court for the District of Delaware.

How many LiDAR units did Hesai deliver in 2022?

In 2022, Hesai delivered over 80,000 LiDAR units.

What is Hesai's position regarding the patent allegations by Ouster?

Hesai disputes Ouster's allegations of patent infringement and plans to vigorously defend itself.

What is the significance of Hesai's patents?

Hesai holds over 300 patents and has more than 700 pending patent applications, showcasing its strong commitment to R&D and intellectual property.

How does Hesai Group compare to other U.S. listed LiDAR companies?

Hesai's LiDAR revenues and unit deliveries in 2022 exceeded the cumulative totals of eight other U.S. listed LiDAR companies.