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

Rhea-AI Summary

Hesai Technology (NASDAQ: HSAI) has secured an exclusive series production partnership with Chery Automobile's new energy brand, iCAR. The agreement involves integrating Hesai's ATX Lidar technology into new iCAR vehicles, with mass production set to begin in Q4 2025.

The ATX lidar, a compact long-range sensor, will enhance iCAR vehicles' perception capabilities for features including active braking, adaptive cruise control, urban navigation, and smart parking. This partnership aligns with Chery's intelligent mobility strategy.

Hesai has achieved significant milestones, securing design wins with 22 automotive OEMs for over 120 vehicle models globally. The company made history in December 2024 by becoming the first lidar company to deliver more than 100,000 units in a single month.

Positive

• Secured exclusive partnership with major automaker Chery for mass-market vehicles
• Mass production scheduled to begin Q4 2025
• Strong market position with 22 OEM design wins across 120 vehicle models
• Achieved industry milestone with 100,000+ monthly unit deliveries in December 2024

Negative

• None.

SHANGHAI, March 26, 2025 /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.

View original content:https://www.prnewswire.com/news-releases/hesai-selected-as-exclusive-lidar-provider-for-cherys-icar-targeting-the-mass-market-302412012.html

SOURCE Hesai Technology

FAQ

When will Hesai (HSAI) begin mass production for Chery's iCAR vehicles?

Hesai will commence mass production of ATX Lidar for Chery's iCAR vehicles in the fourth quarter of 2025.

What features will Hesai's ATX Lidar enable in Chery iCAR vehicles?

The ATX Lidar will enable active braking, adaptive cruise control, urban navigation, and smart parking capabilities.

How many automotive OEM design wins has Hesai (HSAI) secured?

Hesai has secured design wins with 22 automotive OEMs for over 120 vehicle models globally.

What significant milestone did Hesai (HSAI) achieve in December 2024?

Hesai became the first lidar company worldwide to deliver more than 100,000 units in a single month.