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Hesai Selected as Exclusive Lidar Provider for Chery's iCAR Targeting the Mass Market

1. Hesai partners with Chery's iCAR for exclusive lidar production. 2. Mass production of ATX Lidar in new vehicles starts Q4 2025. 3. ATX enhances perception capabilities for advanced driving features. 4. Partnership aligns with Chery's intelligent mobility strategy. 5. Hesai has design wins with 22 OEMs for 120 vehicle models.

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Why Bullish?

This partnership indicates strong future revenue streams from automotive integration, similar to other successful partnerships in the tech industry, which have driven market valuations positively.

How important is it?

The investment signifies confidence in Hesai's technology and increases its market visibility, making it highly relevant for long-term stock performance.

Why Long Term?

The production deals take time to materialize, creating sustained demand and potential revenue growth through 2025 and beyond, reflecting a longer-term investment outlook.

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, /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar solutions, today announced it has secured an exclusive series production partnership with Chery Automobile's new energy brand, iCAR. Under the agreement, Hesai's groundbreaking ATX Lidar will be integrated in new iCAR vehicles, with mass production scheduled to commence in the fourth quarter of 2025. Hesai's ATX lidar, a compact, ultra-high-definition, long-range sensor, is set to enhance iCAR vehicles' perception capabilities in complex scenarios including active braking, adaptive cruise control, urban navigation, and smart parking. The partnership is part of Chery's comprehensive intelligent mobility strategy which is designed to make it a leader in smart mobility ecosystems. "We are glad to have been selected as the exclusive lidar provider for iCAR's new models. Our partnership with Chery represents a significant milestone in our endeavor to make intelligent driving technology accessible to the mass market," said Yifan "David" Li, Hesai's Co-Founder and CEO. To date, Hesai has secured design wins with 22 automotive OEMs for over 120 vehicle models globally. In December 2024, Hesai became the first lidar company in the world to deliver more than 100,000 units in a single month. 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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