“Only Idiots use LiDAR.” When Musk made this statement a few years ago, could he have expected that China’s LiDAR industry is currently in full swing, and Hesai’s listing in the United States is an example of this. On January 17, Hesai, a Chinese lidar system supplier, filed for an initial public offering in the United States, aiming to raise $100 million. According to people familiar with the matter, Hesai has received strong interest from potential investors in its listing. For the lidar industry, the past 2022 was a year of critical turning point, and the shipment of Hesai also ushered in explosive growth in this year.

According to the data in the prospectus, from 2017 to December 31, 2022, Hesai has shipped more than 103,000 lidar units, of which 80,400 units will come from 2022. But also in this year, lidar companies outside of China have fallen one after another. What is lidar? What is it good for? Why do related companies in other countries go bankrupt one after another, and only China is still in mass production? Hi! Welcome to Auto Age. Before we started today’s video, please subscribe to the channel and turn on the notification bell. OK, let’s get started!

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