Hesai Selected as Exclusive Lidar Provider for Chery's iCAR Targeting the Mass Market
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Hesai Technology (NASDAQ: HSAI) has been selected as the exclusive lidar provider for Chery Automobile's new energy brand iCAR. The partnership involves integrating Hesai's ATX Lidar into new vehicle models, with mass production set to begin in Q4 2025. This deal represents a strategic move to enhance intelligent driving capabilities in mass-market vehicles.
March 26, 2025 | 1:45 pm
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Exclusive lidar supply agreement with Chery's iCAR brand could boost Hesai's market position and revenue potential in the growing smart mobility sector.
The partnership represents a significant business development for Hesai, providing exclusive lidar technology to a new automotive brand and potentially opening doors to future contracts.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100