#China #Shanghai #Hesai Technology #iCAR #ATX Lidar

Hesai Technology Partners with Chery for iCAR

In a landmark agreement, Hesai Technology (NASDAQ: HSAI), recognized globally as a leader in lidar solutions, has officially announced its collaboration with Chery Automobile's new energy brand, iCAR. This partnership marks a significant achievement in bringing advanced lidar technology to the mass market. The focus is on integrating Hesai's state-of-the-art ATX Lidar into new iCAR models, which is scheduled for mass production in the fourth quarter of 2025.

Introducing the ATX Lidar

Hesai's ATX Lidar is a compact, ultra-high-definition, and long-range sensor designed specifically to enhance vehicle perception capabilities. It boasts a range of advanced features that are crucial for modern driving, including active braking, adaptive cruise control, urban navigation, and smart parking. By incorporating this technology, iCAR aims to elevate the driving experience through improved safety and efficiency, thus aligning with their strategic vision for intelligent mobility.

Chery's Commitment to Intelligent Mobility

This partnership aligns seamlessly with Chery’s broader initiative to lead the smart mobility sector. By integrating leading-edge technology from Hesai, the company is positioning itself as a frontrunner in the evolving automotive landscape. Chery's commitment to innovation is evident in its drive to encourage the adoption of smart vehicles among consumers, making modern automotive technology more accessible than ever.

Statements from Leadership

In a statement regarding this collaboration, Yifan “David” Li, the Co-Founder and CEO of Hesai, expressed his enthusiasm by saying, "We are glad to have been selected as the exclusive lidar provider for iCAR's new models. Our partnership with Chery represents a significant milestone in our endeavor to make intelligent driving technology accessible to the mass market.” Such sentiments echo the excitement surrounding this integration, highlighting the confidence both companies have in the potential of their collaboration.

Hesai's Track Record

Hesai has a remarkable track record in the automotive industry, having secured design wins with 22 automotive OEMs for over 120 vehicle models across the globe. Their recent milestone in December 2024, where they became the first lidar company to deliver more than 100,000 units in a single month, underscores their capability and commitment to leading the market.

Future Outlook

As automation and smart technology continue to infiltrate the transportation industry, partnerships like the one between Hesai and Chery are pivotal. With the launch of the iCAR vehicles slated for late 2025, the collaboration signifies a proactive step in reshaping how consumers interact with vehicles. As Hesai's lidar technology becomes a staple feature in the iCAR lineup, it is expected to contribute significantly to the growth and adoption of intelligent mobility solutions among consumers.

Through this partnership, Chery and Hesai are not only ensuring that their products are at the forefront of technology but also fostering safer and more efficient driving solutions that cater to the needs of a modern audience. The integration of lidar technology into mass-market vehicles is a transformative move, promising to redefine the driving experience and set new standards for automotive innovation in the years to come.