CHOKEPOINT LENS
DOSSIER
ROLE
Chinese LiDAR maker whose robotics shipments overtook its automotive ADAS shipments in Q1 2026 — the cleanest single data point that physical-AI demand is now material.
CHOKE POSITION
#1 in robotics LiDAR (>303k units in 2025), first profitable quarter Q4 2025, and expanding from depth sensing into robot vision and dexterous hands.
Key readouts, what makes the choke pay, what breaks it, and the catalysts on the watch — for every instrument on the board.
PERFORMANCE
No market data available for this instrument.
RELATED SIGNALS
FULL FEED →Hesai LiDAR unit cost breaks $100 — deflation signal for perception layer
Hesai's new AT512 solid-state LiDAR ships at sub-$100 BOM for automotive-grade volumes. Robotics-grade variants (wider FOV, higher rep rate) still $400+ but converging fast.
INTELLIGENCE FILES
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NOTES
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Market intelligence, not financial advice.