SHANGHAI, Oct. 1, 2024
/PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader
in lidar technology, announced today the signing of a cooperation
framework with SAIC Volkswagen.
The cooperation will establish a strong foundation for Hesai and
SAIC Volkswagen to build a new ecosystem for the automotive
industry, with Hesai's advanced lidar products and technology at
the core.
SAIC Volkswagen Automobile Co., Ltd. is a Sino-German joint
venture operated by SAIC Group and Volkswagen Group. Formed in
October 1984, SAIC Volkswagen was one
of the first automotive joint ventures in China and has maintained strong market
competitiveness over the past 40 years. SAIC Volkswagen sold 1.2
million cars in 2023, and the cumulative car sales from January to
August of this year is nearly 700,000.
Hesai Technology is the global leader in lidar products and
technology. It integrates the manufacturing process of lidar into
the R&D design process, ensuring high performance, high
reliability and cost-effectiveness while promoting rapid product
iteration. Hesai is also the industry leader in global patents and
has accumulated more than 1,700 patents and patent applications
worldwide to date.
According to the Lidar for Automotive 2024 report by Yole
Intelligence, an international market research and strategy
consulting firm, Hesai is ranked No. 1 in the robotic car lidar
market globally, with a 74% market share. Among the top 10
autonomous driving companies in the world, nine use Hesai's 360°
high-performance lidar. As of the second quarter of 2024, Hesai has
delivered over 470,000 units to customers.
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SOURCE Hesai Technology
