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Hesai Secures New Lidar Design Win from Toyota

1. Hesai secured a design win with Toyota for the ATX lidar. 2. The partnership targets mass production of new energy models by 2026. 3. Hesai's ATX technology offers enhanced design and performance. 4. The collaboration signifies deeper ties with Japan's automotive industry. 5. This development enhances Hesai's market position in lidar solutions.

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Why Bullish?

The partnership with a leading automaker like Toyota boosts credibility and sales prospects, similar to historical gains seen in tech firms partnering with major automotive brands.

How important is it?

The design contract with Toyota is likely to significantly drive future revenue and investor confidence, being a major milestone for HSAI.

Why Long Term?

The full effects of this endorsement and mass production won't materialize until 2026, but it sets a significant foundation for future revenue.

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, /PRNewswire/ -- Today, Hesai Technology (Nasdaq: HSAI), a global leader in lidar solutions, announced a new design win from Toyota, one of the world's largest automakers. The new energy model, to be manufactured by a joint venture of Toyota based in China, will feature Hesai's long-range automotive lidar ATX, and is scheduled to enter mass production in 2026. This Toyota joint venture is accelerating its transition to electrification and intelligence: new-energy models now drive its growth, while its industry-leading advanced driver-assistance systems sets a new pace. Powered by a robust local R&D ecosystem, it seamlessly integrates global engineering standards with Chinese innovation, delivering smarter, greener mobility at scale. This partnership not only reaffirms Hesai's market leadership in lidar—securing endorsement from a world-renowned automaker—but also inaugurates a new chapter of Hesai's collaboration with Japan's automotive industry. Hesai's ATX integrates the company's most advanced technology platform, delivering comprehensive upgrades to its optical-mechanical design and laser transceiver modules. It combines a compact form factor with powerful performance, making it a popular choice among leading OEMs. ATX has already secured design wins across multiple models with several OEMs planning to adopt it a standard feature in their 2025–2026 production lineups. Moving forward, Hesai will leverage its cutting-edge lidar R&D and manufacturing capabilities to empower Toyota in setting a new benchmark for joint venture brands in the new energy vehicle market. Together, the two companies will strive to deliver the best-in-class intelligent driving experience for the mass market, with a shared commitment to making driver-assistance systems safer, more comfortable, and more intelligent. SOURCE Hesai Technology WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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