Latest news with #HesaiTechnology
Yahoo
24-04-2025
- Automotive
- Yahoo
Hesai Lidar Powers WeRide-Uber Autonomous Fleet in Dubai, Backing City's Self-Driving Vision
PALO ALTO, Calif., April 3, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotics application, today announced that its lidar solution have been selected by WeRide (NASDAQ: WRD) to power its autonomous vehicles, which will begin operating on Uber Technologies, Inc.'s (NYSE: UBER) platform in Dubai as part of the city's 2030 smart mobility initiative. This marks a key moment in the development of autonomous transportation in the Middle East. Each of the autonomous vehicles will be equipped with four Hesai automotive-grade long-range lidars. As Dubai aims to transform 25% of all journeys in the city into autonomous trips across various transport modes by 2030, the market represents a significant opportunity for the expansion of autonomous vehicle services and plays a key role in shaping the future of mobility. Renowned for its safe and reliable performance, WeRide made history in July 2023 by securing the UAE's first national license for self-driving vehicles on public roads—the first national-level driverless license in the Middle East and even globally, covering all types of autonomous vehicles (AVs). WeRide's latest launch in Dubai follows its successful robotaxi launch in Abu Dhabi in 2021. Jennifer Li, Chief Financial Officer and Head of International Business at WeRide, stated: "Dubai marks a natural step forward in our commitment to advancing mobility in the Middle East as well as our continued global expansion. We believe our advanced autonomous driving technology and operational experience combined with Uber's powerful global mobility platform will help us serve millions of consumers in cities around the world." "We are thrilled to be a part of the accelerated deployment of L4 autonomous driving technologies worldwide, leveraging our technology to help unlock new possibilities for transportation," said Hesai CEO and Co-Founder David Li. "Our lidar solution was chosen for its ability to deliver exceptional safety and performance in autonomous driving applications, making it an ideal solution to support operations at scale. Our cutting-edge technologies are a key enabler of innovation in autonomous mobility and are directly contributing to Dubai's vision of becoming a global leader in smart transportation." Hesai and WeRide have been collaborating since 2019, when Hesai's lidars were integrated into the first batch of WeRide's autonomous driving fleets for road testing and operations. In April 2022, Hesai and WeRide entered a new strategic cooperation agreement to promote the application of automotive grade, hybrid solid-state lidar on L4 autonomous vehicles. Together, Hesai and WeRide have achieved significant milestones, including powering China's first commercialized robotaxi service in Guangzhou. About Hesai 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 ("ADAS"), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs ("Robotics"). 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's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. The company operates in over 30 cities across 10 countries, holding driverless permits in China, the UAE, Singapore, France and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune Magazine's 2024 "The Future 50" list. View original content: SOURCE Hesai Technology
Associated Press
13-03-2025
- Automotive
- Associated Press
Hesai Secures New Lidar Design Win with a Top 5 Chinese NEV Automaker, Entering Mass Production Phase this Year
PALO ALTO, Calif., March 13, 2025 /PRNewswire/ -- Hesai Technology, a global leader in lidar R&D and manufacturing, has secured a new design win with a top 5 NEV automaker in China. This automaker, part of a major global automotive group, will soon commence mass production of its high-end smart EV models equipped with Hesai's ATX lidar as standard. The ATX's advanced features will significantly enhance the vehicles' intelligent driving systems. The lidar market is experiencing rapid growth, with automotive lidar installations surpassing 1.5 million units in 2024, doubling the previous year's figure. Gasgoo Automotive Research Institute's data reveals a 29% penetration rate of lidar in China's EV market priced above $20,000 as of December 2024, highlighting its role as a crucial safety feature. Hesai's ATX, powered by its cutting-edge fourth-generation technology platform, features a redesigned opto-mechanical structure and upgraded laser transceiver modules. This achieves a compact form factor without compromising performance. With mass production underway and an annual capacity of 2 million units planned, Hesai is well-prepared to meet the growing demand from automakers in 2025. View original content: SOURCE Hesai Technology
Bloomberg
12-03-2025
- Automotive
- Bloomberg
Hesai CEO on Earnings, European OEM Partnership
Hesai Technology CEO David Li confirmed that the company has entered into a partnership with a major European firm, but did not go into specifics. US-listed shares of Hesai, which manufactures Lidar sensors for driver assistance systems, earlier surged on a report that Mercedes-Benz will develop smart cars using its technology. Li also spoke to "Bloomberg: The China Show" about the company's latest results and the impact of a US Pentagon blacklisting. (Source: Bloomberg)
