Hesai Selected by Top European OEM For Exclusive Multi-Year Lidar Contract On Its Next-Generation Global Platform
Rhea-AI Summary
Hesai Technology (NASDAQ: HSAI) has secured an exclusive multi-year contract with a leading European OEM to provide advanced ultra-long-range automotive lidars for their next-generation platform. The partnership will cover both internal combustion engine (ICE) and electric vehicle (EV) models, extending into the next decade and representing the largest global program in the automotive lidar industry.
CEO David Li emphasized the partnership as an endorsement of Hesai's performance and quality standards. As of February 2025, Hesai has achieved 120 design wins across 22 automotive OEMs. The company reached a significant milestone in December 2024, becoming the first lidar company globally to deliver over 100,000 units in a single month.
Positive
- Secured exclusive multi-year contract with major European OEM
- Achieved industry milestone: 100,000+ monthly lidar units delivered
- Strong market position with 120 design wins across 22 OEMs
- Contract spans both ICE and EV platforms, ensuring long-term revenue stream
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, HSAI gained 50.41%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"This long-term partnership is a resounding endorsement of our unrivaled performance and quality. Meeting the rigorous standards of a market leader, our quality has become our namecard—a powerful symbol of excellence and a vote of confidence in our visionary future. We are immensely proud to empower the future of mobility, with our state-of-the-art lidar technology playing a pivotal role in conventional and electric vehicle platforms," said Hesai CEO and Co-Founder David Li. "This design win illustrates the importance of lidar technology for the future of advanced intelligent driving systems, helping to enhance safety, prevent accidents, and save lives."
As of February 2025, Hesai has earned 120 design wins across 22 automotive OEMs. In December 2024, Hesai became the first lidar company in the world to deliver more than 100,000 units in a single month.
About Hesai Technology
Hesai Technology (Nasdaq: HSAI) is a global leader in lidar solutions. The company's lidar products enable a broad spectrum of applications including passenger and commercial vehicles ("ADAS"), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs ("Robotics"). Hesai seamlessly integrates its in-house manufacturing process with lidar R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in
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SOURCE Hesai Technology
FAQ
What is the scope of Hesai's (HSAI) new contract with the European OEM?
How many design wins has Hesai (HSAI) achieved as of February 2025?
What production milestone did Hesai (HSAI) achieve in December 2024?
Which vehicle types will feature Hesai's (HSAI) lidar technology under the new contract?
