Hees' share price fell by nearly 11%, and the quarterly growth rate of ADAS laser radar dropped to 25.43% compared to the previous quarter.

As of the deadline for submission, Hesai-W has fallen by 10.75%. In terms of news, on November 11, Hesai Technology announced its unaudited financial report for the third quarter of 2025. The report shows that the company achieved a revenue of 800 million yuan this quarter, an increase of 47.5% year-on-year, maintaining positive growth for the sixth consecutive quarter. In terms of laser radar deliveries, the total delivery volume in the third quarter was 441,398 units, with the delivery volume of ADAS products reaching 380,759 units, an increase of 193.1% year-on-year. However, some analysts pointed out that the growth rate of ADAS laser radar deliveries has significantly slowed down quarter-on-quarter, with a growth rate of 25.43% this quarter, a significant drop from the previous period.