Summary
- Hesai, the market leader in LiDAR, dominates with a 37% market share and exclusive contracts with 19 OEMs, including top Chinese EV makers.
- The LiDAR market is expected to grow at a 39% CAGR, reaching $21 billion by 2029.
- Hesai’s competitive advantages include scale, cost efficiency, and advanced technology, give a potential 400% upside to share value.
- Despite competition from camera and radar systems, Hesai’s low-cost, high-performance LiDAR is likely to remain essential for level 3 autonomous systems.
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Hesai (NASDAQ:HSAI) is the market leader in LiDAR, an industry estimated to be growing with a CAGR of 39% and forecast to reach $21 billion by 2029. Hesai has significant competitive advantages over its competitors and has contracts
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I am also long ARBE and EH mentioned in this article.
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