Hesai Announces World's First Production Design Win For In-Cabin Lidar With Leading Automotive OEM
Portfolio Pulse from Benzinga Newsdesk
Hesai Technology (NASDAQ:HSAI) has announced a new design win with FAW Group, one of the largest automotive OEMs in China, for their next generation EV model under Hongqi brand. This marks the first design win for Hesai's ultra-thin long-range lidar ET25, and the first series production program with an in-cabin lidar solution to be announced globally. The program is expected to begin mass production and delivery by the first half of 2025.
September 22, 2023 | 2:16 pm
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Hesai Technology's new design win with FAW Group for their next generation EV model could potentially boost the company's revenues and market position. The program is expected to begin mass production and delivery by the first half of 2025.
The new design win with FAW Group for their next generation EV model is a significant milestone for Hesai Technology. This could potentially increase the company's revenues and strengthen its market position. The program is expected to begin mass production and delivery by the first half of 2025, which could further boost the company's financial performance.
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