SHANGHAI, July 26, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI) today announced that it has entered into a designated cooperation with Audi, General Motors and Ford, three Chinese joint venture brands of international OEMs, LiDAR mass production, and the new model will start mass production from 2025.
In the critical period of the rapid transformation of China's automobile market, joint venture car companies are also increasing their efforts to develop intelligence at home and abroad. With its rapid product iteration, rich experience in product engineering, and strong mass production delivery capabilities, Hesai has successfully occupied a place in the supply chain system of many mainstream joint venture car companies. This means that the technology of China's local intelligent driving supply chain enterprises has been recognized by century-old automobile brands, and the global automotive supply chain pattern is ushering in new changes and opportunities.
Hesai Maxwell R&D Intelligent Manufacturing Center
In the past year, Hesai's pre-assembly mass production business has grown by leaps and bounds, and has continued to win new high-quality designations, showing a strong growth trend
。 Only in the past 12 months, Hesai added a new one 9 domestic and foreign OEMsIn addition to the original in-depth cooperation and large-scale stable delivery of new power customers such as Ideal, it has also attracted more new designation including a number of phenomenal new forces, joint venture car companies, and overseas large factory customers.
As of the first quarter of 2024, Hesai has accumulated gains
come from 18 Near-home major car manufacturers 70 modelsFixed-point mass production of pre-installation. Among the 10 highest-grossing international automakers on the Fortune Global 500 list, six automakers or their joint venture partners have reached a fixed-point production partnership with Hesai, including one
A global mass-produced model of an internationally renowned car brand。 This means that Hesai has firmly established itself as a leader in the pre-assembly mass production market and occupies a leading position in the global passenger car LiDAR market.
Hesai AT128 automotive-grade ultra-high-definition long-range lidar
According to the 2024 Global Automotive LiDAR Market Report released by Yole Intelligence, an international authoritative research organization, Hesai has ranked first in the global automotive LiDAR market share for three consecutive years.
Hesai has the largest market share of automotive lidar in the world
Hesai has adhered to a global development strategy since its inception and has provided high-performance, high-quality LiDAR products to customers in more than 40 countries around the world. With years of self-developed chips and self-built factories, Hesai has always maintained industry-leading R&D and manufacturing capabilities, and has won the trust and cooperation of many automakers and autonomous driving companies around the world. Especially in terms of patents, Hesai already has
More than ever 1500 The number of patents for LiDAR core technology is in a leading position in the industry。
In the global L4 autonomous driving market, Hesai has maintained its dominant position with a market share of 74% for many years.
Through the dual rounds of growth of ADAS and L4 businesses, Hesai has achieved healthy financial performance and has become a year of 2023
The only one has positive operating cash flowof lidar companies. Based on the huge demand in China's smart car market and the company's unique global business advantages, Hesai is expected to maintain its leading position in the industry in 2024.
In the future, Hesai will continue to launch more competitive LiDAR products to meet the needs of autonomous driving from L2 to L4. With the gradual maturity of high-level assisted driving functions around the world and the commercialization of L3 and above autonomous driving, LiDAR will also expand to a broader market. Hesai will also make great strides in the global market with a highly resilient business system and strong mass production strength, and continue to make breakthroughs.