#China #Shanghai #Hesai #Lidar #Changan

Hesai Partners with Changan Automobile for Lidar Supply

In a significant development for the automotive industry, Hesai Technology (NASDAQ: HSAI), which stands at the forefront of lidar technology, has announced an exclusive agreement with Changan Automobile. This partnership will see Hesai supplying an impressive 1.5 million units of its lidar system over the coming years, marking a substantial commitment to advanced automotive technologies that promise to enhance safety and performance.

Details of the Agreement

Hesai's lidar systems will integrate with Changan Automobile's new intelligent driving platform, which is designed to support more than ten vehicle models across various Changan brands. The first vehicle model leveraging this advanced technology is projected to roll into mass production by the latter half of 2025. This collaboration builds upon a strategic relationship that began in 2022, evidenced by the successful launch of the Changan Nevo E07 equipped with two Hesai AT128 lidars in October 2024, which received commendations from consumers and experts alike.

Characteristics of the ATX Lidar Model

The lidar model being supplied, known as ATX, is celebrated for its compact size and ultra-high resolution, which significantly contributes to the overall efficiency of the vehicle's sensing capabilities. This model utilizes Hesai's proprietary technology that enhances the resolution of point clouds while minimizing the device's weight, volume, and power requirements, making it a leading choice among manufacturers planning for mass production in 2025.

As automakers increasingly prioritize safety and automation, the ATX model stands out as a pivotal tool that can potentially transform how vehicles navigate their environments. The widespread adoption of this technology by various automotive manufacturers signifies a shift towards more intelligent and safer driving experiences for consumers.

Future Implications

Through this collaboration, Hesai's ATX lidar units will be positioned to bolster road safety and functionality within Changan Automobile's lineup. The partnership plans to deliver the benefits of cutting-edge intelligent driving features to a global audience, thus enhancing the driving experience significantly.

In light of these advancements, Hesai Technology is poised to maintain its dominant position in the lidar market, paving the way for innovations in the automotive sector that prioritize safety, efficiency, and user satisfaction. Both companies are committed to pushing boundaries in automotive technology, ensuring that the future of driving is not only advanced but also more secure for all.

As we move closer to the launch of these intelligent vehicles, industry experts and consumers alike eagerly await the potential that this technology holds for revolutionizing the driving landscape.