Hesai Selected by Top European OEM For Exclusive Multi-Year Lidar Contract On Its Next-Generation Global Platform

Core Insights - Hesai Technology has secured a new exclusive design win with a leading European OEM for advanced ultra-long-range automotive lidars, marking a significant milestone in the automotive lidar industry [1] - This multi-year program will extend into the next decade and is noted as the largest global program for automotive lidar [1] - The partnership underscores Hesai's reputation for performance and quality, reinforcing its position in the market [2] Company Overview - Hesai Technology is recognized as a global leader in lidar solutions, catering to a wide range of applications including passenger and commercial vehicles, autonomous driving, and robotics [3] - The company integrates in-house manufacturing with lidar R&D and design, allowing for rapid product iteration while maintaining high performance and affordability [3] - Hesai has established a global presence with offices in Shanghai, Palo Alto, and Stuttgart, serving customers in over 40 countries [3] Market Position - As of February 2025, Hesai has achieved 120 design wins across 22 automotive OEMs, indicating strong market penetration [2] - In December 2024, Hesai became the first lidar company to deliver over 100,000 units in a single month, showcasing its production capabilities [2]