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Hesai Group Announces First Environmental, Social, and Governance Report

Hesai Group Announces First Environmental, Social, and Governance Report

Hesai Group Unveils Its First Environmental, Social, and Governance (ESG) Report

SHANGHAI — Hesai Group (“Hesai,” “Hesai Technology,” or the “Company”) (NASDAQ: HSAI), a leading global provider of three-dimensional light detection and ranging (lidar) solutions, has published its first Environmental, Social, and Governance (ESG) Report. This report highlights the Company's strategies and key accomplishments in ESG performance over the past year, showcasing its commitment to sustainable development and ongoing efforts to achieve its ESG objectives.

“Since we started in 2014, our mission has been to ‘Empower Robotics, Elevate Lives’ by utilizing advanced lidar technology to shape the future of robotics for a safer and more efficient world,” said Yifan “David” Li, Co-Founder and CEO of Hesai. “We take pride in being a leader in ESG within the lidar sector. Our 2023 ESG report details our initiatives and successes in innovation, high-quality products, talent development, safety management, and sustainability. Looking ahead, we will further enhance our ESG management system, incorporate ESG principles into our business practices and development choices, and strengthen our capabilities for sustainable growth to promote safer transportation, advance robotics, and ultimately improve the quality of life for everyone.”

The Company has built strong partnerships with leading automotive OEMs and robotics firms around the world, covering more than 40 countries as of the end of 2023. Hesai aims to continue expanding its influence and footprint in the lidar market.

About Hesai

Hesai is recognized as a top innovator in three-dimensional light detection and ranging (lidar) solutions. The Company’s lidar products cater to a wide array of applications in both passenger and commercial vehicles, including advanced driver assistance systems (ADAS) and autonomous vehicle fleets. Beyond the automotive sector, Hesai's technology also supports various robotics applications, such as last-mile delivery robots and logistics robots designed for specialized environments.

Hesai’s solutions are thoroughly validated through extensive commercial deployment, backed by strong research and development in optics, mechanics, and electronics. The Company strategically combines lidar designs with an in-house manufacturing process, allowing for rapid product development while maintaining high performance, consistent quality, and cost-effectiveness.

For further information about Hesai Group, please visit their official Investor Relations website.

For inquiries from investors and media, please reach out to:

In China:
Hesai Group
Yuanting “YT” Shi, Investor Relations Director
Email: ir@hesaitech.com

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
Email: hesai@tpg-ir.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: hesai@tpg-ir.com

Frequently Asked Questions

1. What is the purpose of Hesai Group's ESG Report?

The ESG Report outlines Hesai Group's strategy and achievements in environmental, social, and governance areas, emphasizing its commitment to sustainable development.

2. When was Hesai Group founded?

Hesai Group was founded in 2014 and has since dedicated itself to innovating in the lidar technology sector.

3. What industries does Hesai Group's technology serve?

Hesai's lidar technology serves various industries, including automotive for Advanced Driver Assistance Systems (ADAS) and robotics for applications like delivery and logistics.

4. Who is the CEO of Hesai Group?

The CEO of Hesai Group is Yifan “David” Li, who is also one of the Co-Founders of the Company.

5. How does Hesai Group ensure the quality of its products?

Hesai integrates its lidar designs with an in-house manufacturing process, facilitating efficient product development while ensuring high performance and consistent quality.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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