Hesai Technology Announces An Automotive Lidar Design Win With Great Wall Motors
Portfolio Pulse from Benzinga Newsdesk
Hesai Technology has secured a design win to supply its AT128 ultra-high resolution long-range lidar to Great Wall Motors for multiple passenger vehicle models. Mass production and delivery are set to begin in 2024.
November 13, 2023 | 10:41 pm
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POSITIVE IMPACT
Hesai Technology's partnership with Great Wall Motors to supply AT128 lidar for multiple vehicle models may boost investor confidence, with production starting in 2024.
The announcement of a design win with Great Wall Motors is a significant positive development for Hesai Technology. It indicates a strong product-market fit for Hesai's AT128 lidar and suggests potential revenue growth starting in 2024. This news is likely to be viewed positively by investors, potentially leading to an increase in Hesai's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100