HSAI HESAI GROUP ADS

Hesai Notices an Appeal

Hesai Notices an Appeal

SHANGHAI, China, July 14, 2025 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announces that it has filed a Notice of Appeal to the U.S. Court of Appeals on July 13, 2025, to challenge the decision of the U.S. District Court for the District of Columbia (“District Court”), which upheld the U.S. Department of Defense’s (DoD) designation of the Company under Section 1260H of the National Defense Authorization Act for Fiscal Year 2021.

“We are deeply disappointed by the District Court’s ruling and respectfully disagree with its decision. We believe the DoD’s designation lacks both factual and legal bases,” said Yifan “David” Li, the CEO of Hesai. “We are appealing to the U.S. Court of Appeals, and we will vigorously pursue all legal avenues to protect our reputation and seek fair treatment.”

Critically, the District Court acknowledged that the DoD found no evidence that Hesai’s products have been used for military purposes, nor any evidence of a direct or indirect connection between Hesai and the Chinese military — fundamental facts Hesai has maintained all along.

Instead, the District Court based its ruling solely on two factors: the geographic location of Hesai’s R&D centers within certain industrial districts, and the theoretical potential that technologies such as lidar could have military applications. These speculative rationales—which could apply equally to countless other companies operating in China, including American and international companies—fall far short of demonstrating that Hesai has actually contributed to the military in any way, as the statute requires.

Hesai has never developed, supplied, or certified products for military use, as its products are solely for civilian and commercial uses. Hesai will continue to defend its integrity and pursue appropriate legal remedies. At the same time, Hesai remains focused on delivering cutting-edge lidar solutions to its global customers and maintaining its unwavering commitment to transparency and good corporate governance as a Nasdaq-listed company.

About Hesai

Hesai Group (Nasdaq: HSAI) is a global leader in lidar solutions. The company’s lidar products enable a broad spectrum of applications including passenger and commercial vehicles (“ADAS”), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs (“Robotics”). Hesai seamlessly integrates its in-house manufacturing process with lidar R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company’s commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Hesai Group

Email:

Christensen Advisory

Tel: 8

Email:

Source: Hesai Group



EN
14/07/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on HESAI GROUP ADS

 PRESS RELEASE

Hesai Notices an Appeal

Hesai Notices an Appeal SHANGHAI, China, July 14, 2025 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announces that it has filed a Notice of Appeal to the U.S. Court of Appeals on July 13, 2025, to challenge the decision of the U.S. District Court for the District of Columbia (“District Court”), which upheld the U.S. Department of Defense’s (DoD) designation of the Company under Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. “We are deepl...

 PRESS RELEASE

Hesai Group Reports First Quarter 2025 Unaudited Financial Results

Hesai Group Reports First Quarter 2025 Unaudited Financial Results Quarterly net revenues were RMB525.3 million (US$72.4 million)1Quarterly lidar shipments were 195,818 units SHANGHAI, China, May 26, 2025 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months ended March 31, 2025. Management Remarks “Hesai was ranked as the world’s No.1 automotive lidar company by revenue market share for the fourth consecu...

 PRESS RELEASE

Hesai Group to Report First Quarter 2025 Financial Results on Monday, ...

Hesai Group to Report First Quarter 2025 Financial Results on Monday, May 26, 2025 - Earnings Call Scheduled for 9:00 PM ET on May 26, 2025 - SHANGHAI, China, May 09, 2025 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its first quarter 2025 unaudited financial results on Monday, May 26, 2025, after the close of U.S. markets. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on...

 PRESS RELEASE

Hesai Group Files Its Annual Report on Form 20-F

Hesai Group Files Its Annual Report on Form 20-F SHANGHAI, China, April 01, 2025 (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, 2024 with the Securities and Exchange Commission (the “SEC”) on April 1, 2025. The annual report, which contains the Company’s audited consolidate statements, can be accessed on the SEC’s website at and on Hesai’s investor relations website at The Co...

 PRESS RELEASE

Hesai Group Reports Fourth Quarter and Full Year 2024 Unaudited Financ...

Hesai Group Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results Quarterly net revenues were RMB719.8 million (US$98.6 million)1Quarterly lidar shipments were 222,054 unitsFull Year 2024 net revenues were RMB2,077.2 million (US$284.6 million)Full Year 2024 lidar shipments were 501,889 units SHANGHAI, China, March 10, 2025 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended De...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch