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Does Hesai Group (HSAI) Pairing Drone Lidar With New Board Oversight Signal a Strategic Shift?

Simply Wall St · 4d ago
  • In late December 2025, Hesai Technology announced a partnership for its second-generation solid-state lidar FTX to power Meituan’s Keeta Drone next-generation delivery drones, while Hesai Group also saw independent director Dr. Jie Chen resign and be replaced by governance and law expert Dr. Hui Wang.
  • The combination of a new high-profile lidar supply agreement in urban drone logistics and fresh board oversight expertise could reshape how investors think about Hesai’s technology roadmap and corporate governance.
  • We’ll now examine how supplying FTX lidar for Keeta’s next-generation drones may influence Hesai’s broader investment narrative and risk profile.

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Hesai Group Investment Narrative Recap

To own Hesai Group, you need to believe lidar can scale across autos and robotics while the company defends margins despite heavy price competition and capex. The Keeta Drone FTX deal reinforces the robotics growth story and near term shipment catalyst, while the board refresh with Dr. Hui Wang marginally improves an already scrutinized governance profile but does not fundamentally change the key risk around profitability at scale.

The Keeta Drone partnership matters most here because it extends Hesai’s lidar reach into low altitude logistics, complementing existing automotive wins such as Li Auto’s next generation platform. If FTX mass production in 2026 tracks to plan, it could support the shipment and revenue growth that many investors are already counting on, but also increases exposure to emerging market adoption risks in drones and broader robotics.

Yet against all this growth potential, investors should still be aware of how aggressive lidar pricing could...

Read the full narrative on Hesai Group (it's free!)

Hesai Group's narrative projects CN¥7.5 billion revenue and CN¥1.3 billion earnings by 2028. This requires 44.3% yearly revenue growth and an earnings increase of about CN¥1.2 billion from CN¥103.1 million today.

Uncover how Hesai Group's forecasts yield a $29.83 fair value, a 24% upside to its current price.

Exploring Other Perspectives

HSAI 1-Year Stock Price Chart
HSAI 1-Year Stock Price Chart

Eighteen fair value estimates from the Simply Wall St Community span roughly US$3.53 to US$55.50 per share, showing how far apart individual views can be. When you set these against Hesai’s reliance on emerging robotic lidar adoption, it underlines why checking several independent perspectives on the company’s future performance really matters.

Explore 18 other fair value estimates on Hesai Group - why the stock might be worth less than half the current price!

Build Your Own Hesai Group Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.