PALO ALTO, Calif., July 30, 2024 /PRNewswire/ -- Hesai
Technology (Nasdaq: HSAI), the global leader in lidar solutions,
announced today three automotive lidar design wins with top global
automakers' joint ventures (JV) in China: General Motors (GM), Ford and a
prominent European automotive brand.
These global OEM JVs plan to integrate Hesai's automotive-grade,
long-range lidar in their next-generation series production
vehicles to advance the development and adoption of intelligent
driving. Mass production of these models is expected to begin as
early as 2025.
"We are thrilled to partner with these prestigious global OEMs
as they integrate advanced safety technology into their vehicles,"
said David Li, CEO & Co-Founder
of Hesai. "This is just the start of our large-scale implementation
of lidar in popular vehicle models to enhance safety, save lives
and create a more intelligent global transportation system."
Building on this momentum, Hesai has secured ADAS design wins
with 18 OEMs and Tier 1 suppliers globally, covering
approximately 70 vehicle models as of Q1 2024.The
companyalso holds mass production agreements with six of the top
ten Fortune 500 automakers directly or through entities in
their group, maintaining the highest global market share in the
automotive lidar industry.
Hesai has already established a strong global business presence
in the U.S., Europe and
Asia, with customers spanning over
40 countries. By extending support and engineering resources across
the globe, Hesai facilitates close collaboration with customers.
The company will continue to collaborate with global OEMs to
integrate advanced lidar technology into new vehicles, bringing
higher quality and more intelligent driving solutions to consumers
around the world.
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