Hesai and BYD Supercharge Partnership: 10+ Lidar-Equipped Models to Enter Mass Production in 2025
Hesai Technology (HSAI) announced an expanded partnership with BYD to provide automotive lidar for over 10 BYD models entering mass production in 2025.
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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.
Details
News Market Reaction – HSAI
The recorded move for HSAI in the trading session of this news was +5.32%.
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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
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
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
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