Hesai Selected by Top Global Automotive OEM To Provide ADAS Lidars For New Flagship EV Models Series Production Program
Portfolio Pulse from Benzinga Newsdesk
Hesai Technology (NASDAQ:HSAI), a leader in lidar technology, has been chosen by a top global automotive OEM to supply ADAS lidars for new flagship electric vehicle models. The EVs will feature Hesai's AT128 long-range lidar as part of their ADAS systems. Hesai's CEO, David Li, highlighted the importance of lidar in advanced driving systems and its role in reducing traffic accidents. Hesai has already secured over 50 ADAS series production EV models from 15 major OEMs and Tier-1 suppliers. More details on this partnership are expected in the future.
January 05, 2024 | 1:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Hesai Technology has secured a significant design win to supply ADAS lidars for a global automotive OEM's new electric vehicle models, indicating strong market confidence and potential growth in sales and partnerships.
The announcement of Hesai Technology being selected by a leading automotive OEM to provide lidars for their new EV models is a strong positive signal for the company. It suggests confidence from a major player in the automotive industry in Hesai's technology and products. This partnership is likely to increase investor confidence in Hesai's market position and future revenue streams, potentially leading to a short-term positive impact on HSAI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100