Hesai and BYD Supercharge Partnership: 10+ Lidar-Equipped Models to Enter Mass Production in 2025

Rhea-AI Summary

Hesai Technology (HSAI) announced an expanded partnership with BYD to provide automotive lidar for over 10 BYD models entering mass production in 2025. BYD, which sold more than 4 million intelligent driving-equipped vehicles in 2024, will integrate Hesai's lidar technology into its next-generation 'God's Eye' advanced driver assistance system (ADAS).

The Chinese automotive lidar market showed remarkable growth, with installations exceeding 1.5 million units in 2024, doubling 2023 figures. Hesai achieved a milestone in December 2024 as the first lidar company to deliver over 100,000 units in a single month. The company expects its annual production capacity to exceed 2 million units in 2025.

Hesai has secured more than 100 design wins across 22 automotive OEMs, including partnerships with Chery, Great Wall Motors, and Changan. Their ATX lidar, launched in April 2024, has been selected by various automakers and will enter mass production in Q1 2025.

Positive

• Partnership with BYD for 10+ new models in 2025
• First lidar company to deliver 100,000+ units in a single month (Dec 2024)
• Planned production capacity of 2+ million units in 2025
• 100+ design wins across 22 automotive OEMs
• ATX lidar entering mass production in Q1 2025

Negative

• None.

Insights

Automotive Technology Analyst

This landmark partnership with BYD marks a transformative moment for Hesai's market position and future growth trajectory. BYD's selection of Hesai for 10+ models validates the superior performance and cost-effectiveness of Hesai's ATX lidar technology. With BYD's impressive sales of 4 million intelligent driving-equipped vehicles in 2024, this partnership could translate to substantial revenue growth for Hesai.

The integration into BYD's 'God's Eye' ADAS system is particularly strategic, as it positions Hesai at the forefront of the mass-market ADAS revolution. Hesai's planned production capacity of 2 million units in 2025 demonstrates exceptional operational scaling, while their 100+ design wins across 22 OEMs reflects strong market penetration.

The Chinese automotive lidar market's 100% year-over-year growth to 1.5 million units indicates accelerating adoption of advanced driver assistance technologies. Hesai's first-mover advantage in high-volume production, evidenced by their 100,000 monthly delivery milestone, positions them to capture a significant share of this expanding market.

Key competitive advantages include:

• Proven mass production capabilities
• Strong OEM relationships across traditional and EV manufacturers
• Technical validation from industry leaders
• Scalable production infrastructure

The partnership's timing aligns perfectly with the industry's shift toward standardizing advanced ADAS features, potentially accelerating Hesai's path to profitability and market leadership in the automotive lidar sector.

SHANGHAI, Feb. 11, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar technology, today announced that it will deepen its cooperation with BYD and will provide automotive lidar for more than 10 BYD models. The models are expected to enter mass production in 2025.

In 2024, BYD sold over 4 million intelligent driving-equipped vehicles, surpassing all domestic competitors. This week, BYD announced that all its models will be equipped with "God's Eye", BYD's next-generation advanced driver assistance system (ADAS), ensuring that ADAS features are accessible to everyone. As an integral component in vehicles featuring navigation on autopilot (NOA) for cities and highways, lidar will empower two variants of "God's Eye" systems.

According to Gasgoo, the automotive lidar market in China continues to see strong growth, with the (on-the-road) lidar installation volume exceeding 1.5 million units for the first time in 2024, more than double the volume in 2023.

In December 2024, Hesai became the first lidar company in the world to deliver more than 100,000 units in a single month. Hesai's planned annual production capacity is expected to exceed 2 million units in 2025, supported by the company's mass production capabilities and research and development innovation.

As of February 2025, Hesai has earned more than 100 design wins across 22 automotive OEMs including Chery, Great Wall Motors, and Changan. Numerous automakers, including top new energy vehicle companies and leading European and American OEMs' joint ventures in China, have selected Hesai's ATX lidar for mass production vehicles since its release in April 2024.

Hesai's ATX lidar offers powerful performance in a compact form, empowering advanced assisted driving functions. The ATX will enter mass production in the first quarter of 2025, with multiple companies incorporating it into standard configuration for mass production models in 2025.

View original content:https://www.prnewswire.com/news-releases/hesai-and-byd-supercharge-partnership-10-lidar-equipped-models-to-enter-mass-production-in-2025-302373392.html

SOURCE Hesai Technology

FAQ

How many BYD models will feature Hesai's (HSAI) lidar technology in 2025?

More than 10 BYD models will feature Hesai's lidar technology, entering mass production in 2025.

What is Hesai's (HSAI) expected production capacity for 2025?

Hesai's planned annual production capacity is expected to exceed 2 million units in 2025.

How many design wins has Hesai (HSAI) secured as of February 2025?

Hesai has secured more than 100 design wins across 22 automotive OEMs.

When will Hesai's (HSAI) ATX lidar enter mass production?

Hesai's ATX lidar will enter mass production in the first quarter of 2025.

How many units did Hesai (HSAI) deliver in December 2024?

Hesai delivered over 100,000 units in December 2024, becoming the first lidar company to achieve this monthly milestone.