PALO ALTO, Calif., January 5, 2024 - 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 original equipment manufacturer (OEM) to provide advanced long-range sensors for a new flagship luxury electric vehicle models scheduled for series production. The upcoming all-electric vehicle will be an SUV equipped with Hesai's ultra-high resolution long range lidar, AT128, as part of an L2+ advanced driver assistance system (ADAS).

"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 and confirms 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.

Safe Harbor Statement

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For investor and media inquiries, please contact:

In the United States:

Piacente Financial Communications 

Brandi Piacente

Tel: +1-212-481-2050

Email: hesai@tpg-ir.com

In China:

Hesai Group

Yuanting “YT” Shi, Investor Relations Director

Email: ir@hesaitech.com

Piacente Financial Communications

Jenny Cai

Tel: +86 (10) 6508-0677

Email: hesai@tpg-ir.com Source: Hesai Group