Hesai Signs New $40 Million Lidar Contract with Leading U.S. Robotaxi Company

Rhea-AI Summary

Hesai Technology (NASDAQ: HSAI), a global leader in lidar solutions, has secured a significant $40 million contract expansion with a major U.S. robotaxi company for lidar system deliveries through 2026. The company has been selected as the exclusive supplier for both long-range and short-range lidars.

Hesai currently commands a 61% market share in the global L4 autonomous driving lidar segment, according to Yole Group. The agreement comes as the robotaxi market enters a rapid scale-up phase, with Hesai's comprehensive portfolio supporting both highway driving and urban safety applications.

News Market Reaction – HSAI

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On the day this news was published, HSAI gained 4.31%, reflecting a moderate positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $157M to the company's valuation, bringing the market cap to $3.80B at that time.

Data tracked by StockTitan Argus on the day of publication.

PALO ALTO, Calif., Sept. 15, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar solutions for autonomous mobility, today announced the expansion of its production agreement with a leading U.S.-based robotaxi company. The agreement, now valued at over $40 million, covers deliveries before the end of 2026. Hesai was selected as the only supplier to provide both long-range and short-range lidars, underscoring its role as a trusted partner in powering the next generation of autonomous fleets.

The robotaxi market is entering a phase of rapid scale-up, driven by advancements in Level 4 (L4) autonomous driving. Lidar is a critical component in enabling safe and reliable operations, providing both long- and short-range perception capabilities essential for navigating complex urban environments.

According to Yole Group (Lidar for Automotive 2025), Hesai holds 61% market share in the global L4 autonomous driving segment for lidar. With a comprehensive portfolio covering long-range sensors for highway driving and short-range lidars for urban safety and redundancy, Hesai is uniquely positioned to support the commercial rollout of large-scale robotaxi fleets.

"This expanded agreement demonstrates the confidence leading robotaxi companies place in Hesai's technology, combining performance, high reliability, and scalable manufacturing," said David Li, Cofounder and CEO of Hesai. "As the industry moves from pilots to scaled deployments, Hesai is proud to deliver lidar solutions that meet the highest standards of quality while enabling safe and reliable driverless mobility at scale."

The agreement builds on Hesai's growing global footprint and reinforces its commitment to advancing autonomous driving through high-performance, reliable, and scalable lidar systems that meet the industry's most demanding requirements.

View original content:https://www.prnewswire.com/news-releases/hesai-signs-new-40-million-lidar-contract-with-leading-us-robotaxi-company-302556106.html

SOURCE Hesai Technology

FAQ

What is the value and duration of Hesai's new robotaxi contract?

Hesai secured a $40 million contract for lidar system deliveries through the end of 2026.

What is Hesai's (HSAI) current market share in L4 autonomous driving lidar?

According to Yole Group, Hesai holds a 61% market share in the global L4 autonomous driving lidar segment.

What types of lidar systems will Hesai supply under the new contract?

Hesai will be the exclusive supplier of both long-range lidars for highway driving and short-range lidars for urban safety and redundancy.

Who is the U.S. robotaxi company partnering with Hesai (HSAI)?

While the specific company name was not disclosed, it is described as a leading U.S.-based robotaxi company.

Why was Hesai selected for this robotaxi contract?

Hesai was chosen for its ability to provide high-performance, reliable lidar solutions that meet demanding quality standards while enabling safe driverless mobility at scale.