Leapmotor Equips Its Latest EV With Hesai Lidar
Portfolio Pulse from Happy Mohamed
Hesai Technology (NASDAQ:HSAI) and Leapmotor announced a strategic partnership to enhance intelligent driving experiences using Hesai's automotive lidar products. This collaboration, building on their partnership since 2021, involves equipping Leapmotor's vehicles with Hesai's AT128 lidar, including the new C10 EV. Leapmotor's recent joint venture with Stellantis Group aims to boost global sales of its products, with Hesai playing a key role in supplying advanced intelligent driving systems. Hesai is expanding its lidar product portfolio to meet diverse market needs, indicating a growing demand for lidar-equipped intelligent driving solutions.
March 18, 2024 | 12:37 pm
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Hesai Technology's strategic partnership with Leapmotor to supply lidar for intelligent driving solutions could boost Hesai's market presence and demand for its lidar products.
The partnership with Leapmotor, especially with the integration of Hesai's AT128 lidar in Leapmotor's new C10 EV and the potential global market expansion through Leapmotor's joint venture with Stellantis Group, positions Hesai for increased demand and visibility in the intelligent driving market. This strategic move is likely to have a positive short-term impact on Hesai's stock as it solidifies its role in the growing EV and intelligent driving sectors.
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