PALO
ALTO, Calif., Jan. 5, 2024
/PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader
in lidar technology for automotive mobility, ADAS and industrial
robotics applications, announced today an automotive ADAS lidar
design win with a leading global OEM to provide advanced long-range
sensors for new flagship electric vehicle models scheduled for
series production. The upcoming all-electric vehicle will be
equipped with Hesai's ultra-high resolution long-range lidar,
AT128, as part of its ADAS system.
"This latest ADAS design win brings together the world's best
lidar technology with one of the world's most revered automotive
brands," said Hesai CEO David Li.
"We are pleased to be selected to provide high performance
long-range lidars for one of the leading global OEMs. This
underscores the crucial role lidar technology will play in the
future of advanced intelligent driving systems which will
significantly reduce traffic accidents and save lives."
To date, Hesai has won over 50 ADAS series production EV models
from 15 major OEMs and Tier-1 suppliers, earning widespread
recognition as the global leader in the automotive lidar
market.
The company expects further details about this major
accomplishment to be unveiled in the coming months.
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 with
Advanced Driver Assistance Systems (ADAS), autonomous driving
vehicles, and robotic applications such as last-mile delivery
robots and AGVs. 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 has superior R&D capabilities
across optics, mechanics, electronics, and software. Hesai has
established offices in Shanghai,
Palo Alto, and Stuttgart, with customers spanning over 40
countries.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes," "estimates," "confident," "potential,"
"continue" or other similar expressions. Among other things, the
business outlook and quotations from management in this
announcement, as well as the Company's strategic and operational
plans, contain forward-looking statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including but not limited to statements about the
Company's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's goals and strategies; the Company's future business
development, financial condition and results of operations;
expected changes in the Company's revenues, costs or expenditures;
the trends in, expected growth and the market size of the ADAS,
autonomous mobility and robotics industries; the market for and
adoption of lidar and related technology; the Company's ability to
produce high-quality products with wide market acceptance; the
success of the Company's customers in developing and
commercializing products using its solutions, and the market
acceptance of those products; the Company's ability to introduce
new products that meet its customers' requirement; the Company's
expectations regarding the effectiveness of its marketing
initiatives and the relationship with its third-party partners;
competition in the Company's industry; the Company's ability to
recruit and retain qualified personnel; relevant government
policies and regulations relating to the Company's industry; the
Company's ability to protect its systems and infrastructures from
cyber-attacks; general economic and business conditions globally
and in China; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company's
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hesai-selected-by-top-global-automotive-oem-to-provide-adas-lidars-for-new-flagship-ev-models-series-production-program-302026991.html
SOURCE Hesai Group