Quick Answer
Hesai Group reported R&D Expense of $117.22 million for fiscal year 2024.
Hesai Group R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $117.22M | -85.2% |
| 2023 | $790.55M | +42.4% |
| 2022 | $555.18M | +50.7% |
| 2021 | $368.44M | +60.4% |
| 2020 | $229.65M | — |
- Hesai Group showed a decrease of -85.2% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2024 period, Hesai Group’s r&d expense has declined by 49.0% (from $229.65 million to $117.22 million).
- The most recent figure is from Hesai Group’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 1, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: