Hesai Technology Announced as Exclusive Lidar Provider for Leapmotor's Next-Generation Vehicle Platform

Rhea-AI Summary

Hesai Technology (NASDAQ: HSAI), a global leader in lidar solutions, has been announced as the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The first model on this platform is expected to enter mass production in 2025. This exclusive partnership builds upon their existing collaboration in intelligent driving, with Hesai already supplying its AT128 lidar for Leapmotor's C-series intelligent driving edition models.

Leapmotor has begun sales in Europe, with over 200 dealers across 13 countries, and plans to expand to 500 sales points in Europe by the end of 2025. The partnership aims to accelerate Leapmotor's leadership in Advanced Driver-Assistance Systems (ADAS) and its global application.

Positive

• Exclusive partnership with Leapmotor for next-generation vehicle platform
• Multiple Leapmotor models to be equipped with Hesai's lidar products
• Expansion of Leapmotor's sales network in Europe, potentially increasing demand for Hesai's products

Negative

• None.

PALO ALTO, Calif. , Oct. 22, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The platform's first model is expected to enter mass production in 2025.

According to the agreement, Hesai Technology will provide lidar products for multiple models of Leapmotor's next-generation new vehicle platform. This exclusive partnership deepens their long-term collaboration in intelligent driving, highlighting Hesai's leading lidar technology and Leapmotor's continued trust in Hesai and its capabilities.

In line with the initial strategic partnership established earlier this year, the two companies have advanced intelligent driving projects for multiple new Leapmotor models. The popular Leapmotor C-series intelligent driving edition models are fully equipped with Hesai's ultra-high-definition long-range AT128 lidar, enabling Navigation Assist Pilot (NAP), Navigation Assisted Cruise (NAC) and other advanced intelligent driving functions. According to Leapmotor, as of September 23^rd, it has already commenced sales in Europe, with over 200 dealers across 13 countries. The company plans to expand this footprint to 500 sales points in Europe by the end of 2025.

Hesai Technology will continue to deepen its exclusive partnership with Leapmotor, leveraging each company's respective strengths in advanced driver-assistance systems (ADAS). In the future, the two companies will continue to cooperate closely on intelligent driving, helping Leapmotor accelerate its leadership in ADAS and the technology's application globally.

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SOURCE Hesai Technology

FAQ

What is Hesai Technology's role in Leapmotor's next-generation vehicle platform?

Hesai Technology (NASDAQ: HSAI) will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform, with the first model expected to enter mass production in 2025.

Which Hesai Technology lidar product is used in Leapmotor's C-series intelligent driving edition models?

Leapmotor's C-series intelligent driving edition models are fully equipped with Hesai's ultra-high-definition long-range AT128 lidar.

What are Leapmotor's expansion plans in Europe by the end of 2025?

Leapmotor plans to expand its footprint to 500 sales points in Europe by the end of 2025, up from the current 200 dealers across 13 countries.

How does the partnership between Hesai Technology (HSAI) and Leapmotor affect ADAS development?

The partnership aims to leverage each company's strengths in advanced driver-assistance systems (ADAS), helping Leapmotor accelerate its leadership in ADAS and its global application.