Hesai Mercedes Partnership Accelerates Amid Semiconductor Earnings Momentum

Hesai reported 30% YoY revenue growth to RMB 681 million in Q1 2026 driven by lidar shipments Hesai confirmed as strategic lidar supplier for Mercedes-Benz

Hero: A sleek Mercedes-Benz vehicle equipped with advanced LiDAR sensors driving on a futuristic autonomous road, with semiconductor chips and data visualizations in the background

Summary

Hesai reported 30% YoY revenue growth to RMB 681 million in Q1 2026 driven by lidar shipments
Hesai confirmed as strategic lidar supplier for Mercedes-Benz L3 programs in Europe and China
Q2 2026 revenue guidance set between RMB 850 million and RMB 900 million

Hesai Group released its Q1 2026 earnings on May 19, 2026. Revenue reached RMB 681 million. Shipments hit 471,000 LiDAR units.

The report confirmed a new supply agreement. Hesai now serves as strategic LiDAR partner for Mercedes-Benz L3 programs in Europe and China.

These results arrived the same week as Nvidia and other semiconductor earnings. The timing highlights rising demand for autonomy sensors.

Context

LiDAR adoption has shifted from pilots to firm production plans. Regulators in Europe and China prepare wider L3 rollouts. Mercedes-Benz chose Hesai after reviewing multiple suppliers.

The sensors meet performance and cost goals for series builds.

Hesai Q1 earnings and the Mercedes partnership show hardware providers locking in volume deals. They move ahead of expected regulatory approvals. Semiconductor results from Nvidia and peers reinforce the expanding supply chain.

Details

Hesai shipped 471,000 lidar units in the quarter. The volume covers passenger vehicles and robotaxi fleets. Revenue reached RMB 681 million, up 30 percent year over year.

The company set Q2 2026 revenue guidance at RMB 850 million to RMB 900 million. That equals $123 million to $130 million. Production for Mercedes-Benz programs will run on Hesai’s new Galileo manufacturing line. It supports scale for European and Chinese markets.

Hesai Group Reports First Quarter 2026 Unaudited Financial Results
Hesai Group Q1 Earnings Call Highlights - MarketBeat
Hesai Group (HSAI) Q1 FY2026 earnings call transcript

"Hesai as strategic lidar partner for Mercedes-Benz L3 programs."

, Company release (Hesai Group)

Reaction

Market observers view the Mercedes-Benz confirmation as validation of Hesai’s technology. The timing with strong semiconductor results framed the news within broader AI and auto growth.