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Hesai and SAIC Volkswagen Sign New Partnership on Automotive Lidar Program

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Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, has announced a new partnership with SAIC Volkswagen to develop an automotive lidar program. This cooperation aims to create a new ecosystem for the automotive industry, leveraging Hesai's advanced lidar products and technology.

SAIC Volkswagen, a Sino-German joint venture between SAIC Group and Volkswagen Group, sold 1.2 million cars in 2023 and nearly 700,000 in the first eight months of this year. Hesai Technology, known for its integrated lidar manufacturing and R&D process, has delivered over 470,000 units to customers as of Q2 2024 and holds more than 1,700 patents and patent applications worldwide.

According to Yole Intelligence's Lidar for Automotive 2024 report, Hesai commands a 74% market share in the robotic car lidar market globally, with nine out of the top ten autonomous driving companies using Hesai's 360° high-performance lidar.

Hesai Technology (Nasdaq: HSAI), leader globale nella tecnologia lidar, ha annunciato una nuova partnership con SAIC Volkswagen per sviluppare un programma lidar per l'automobile. Questa cooperazione mira a creare un nuovo ecosistema per l'industria automobilistica, sfruttando i prodotti e la tecnologia lidar avanzati di Hesai.

SAIC Volkswagen, una joint venture sino-tedesca tra SAIC Group e Volkswagen Group, ha venduto 1,2 milioni di auto nel 2023 e quasi 700.000 nei primi otto mesi di quest'anno. Hesai Technology, nota per il suo processo integrato di produzione e R&D lidar, ha consegnato oltre 470.000 unità ai clienti entro il secondo trimestre del 2024 e detiene più di 1.700 brevetti e domande di brevetto in tutto il mondo.

Secondo il rapporto Lidar per Automotive 2024 di Yole Intelligence, Hesai detiene una quota di mercato del 74% nel mercato globale dei lidar per automobili robotiche, con nove delle dieci principali aziende di guida autonoma che utilizzano il lidar ad alte prestazioni a 360° di Hesai.

Hesai Technology (Nasdaq: HSAI), líder global en tecnología lidar, ha anunciado una nueva asociación con SAIC Volkswagen para desarrollar un programa lidar automotriz. Esta cooperación tiene como objetivo crear un nuevo ecosistema para la industria automotriz, aprovechando los avanzados productos y tecnología lidar de Hesai.

SAIC Volkswagen, una empresa conjunta sino-alemana entre SAIC Group y Volkswagen Group, vendió 1,2 millones de coches en 2023 y casi 700.000 en los primeros ocho meses de este año. Hesai Technology, conocida por su proceso de fabricación e I+D integrado de lidar, ha entregado más de 470.000 unidades a los clientes hasta el segundo trimestre de 2024 y tiene más de 1.700 patentes y solicitudes de patentes en todo el mundo.

Según el informe Lidar para Automoción 2024 de Yole Intelligence, Hesai controla una cuota de mercado del 74% en el mercado global de lidar para automóviles robóticos, con nueve de las diez principales empresas de conducción autónoma utilizando el lidar de alto rendimiento de 360° de Hesai.

Hesai Technology (나스닥: HSAI), LiDAR 기술의 글로벌 리더, SAIC Volkswagen와 자동차 LiDAR 프로그램 개발을 위한 새로운 파트너십을 발표했습니다. 이 협력은 Hesai의 고급 LiDAR 제품과 기술을 활용하여 자동차 산업을 위한 새로운 생태계를 구축하는 것을 목표로 합니다.

SAIC Volkswagen은 SAIC Group과 Volkswagen Group 간의 중독합체로, 2023년에 120만 대의 자동차를 판매했으며, 올해의 첫 8개월 동안 거의 70만 대를 판매했습니다. Hesai Technology는 통합 LiDAR 제조 및 R&D 프로세스로 잘 알려져 있으며, 2024년 2분기 기준으로 고객에게 47만 대 이상의 유닛을 납품했고, 전 세계적으로 1,700개 이상의 특허와 특허 출원이 있습니다.

Yole Intelligence의 2024 자동차 LiDAR 보고서에 따르면, Hesai는 로봇 자동차 LiDAR 시장에서 74%의 시장 점유율을 가지고 있으며, 자율주행 상위 10개 회사 중 9곳이 Hesai의 360° 고성능 LiDAR를 사용하고 있습니다.

Hesai Technology (Nasdaq: HSAI), leader mondial dans la technologie lidar, a annoncé un nouveau partenariat avec SAIC Volkswagen pour développer un programme lidar automobile. Cette coopération vise à créer un nouvel écosystème pour l'industrie automobile en tirant parti des produits et de la technologie lidar avancés de Hesai.

SAIC Volkswagen, une coentreprise sino-allemande entre SAIC Group et Volkswagen Group, a vendu 1,2 million de voitures en 2023 et près de 700 000 au cours des huit premiers mois de cette année. Hesai Technology, connue pour son processus intégré de fabrication et de R&D lidar, a livré plus de 470 000 unités à ses clients au deuxième trimestre 2024 et détient plus de 1 700 brevets et demandes de brevet dans le monde entier.

Selon le rapport Lidar pour Automobile 2024 de Yole Intelligence, Hesai détient une part de marché de 74% sur le marché mondial des lidar pour véhicules robotiques, avec neuf des dix principales entreprises de conduite autonome utilisant le lidar haute performance à 360° de Hesai.

Hesai Technology (Nasdaq: HSAI), der globale Marktführer in der Lidar-Technologie, hat eine neue Partnerschaft mit SAIC Volkswagen angekündigt, um ein Lidar-Programm für die Automobilindustrie zu entwickeln. Diese Kooperation zielt darauf ab, ein neues Ökosystem für die Automobilindustrie zu schaffen, das auf Hesais fortschrittlichen Lidar-Produkten und -Technologien basiert.

SAIC Volkswagen, ein sino-deutsches Joint Venture zwischen der SAIC Gruppe und der Volkswagen Gruppe, verkaufte 2023 1,2 Millionen Autos und fast 700.000 in den ersten acht Monaten dieses Jahres. Hesai Technology, bekannt für ihren integrierten Lidar-Herstellungs- und Forschungs- und Entwicklungsprozess, hat bis zum zweiten Quartal 2024 über 470.000 Einheiten an Kunden geliefert und hält mehr als 1.700 Patente und Patentansprüche weltweit.

Laut dem Bericht „Lidar für Automobile 2024“ von Yole Intelligence hat Hesai einen Marktanteil von 74% im globalen Markt für Lidar in Robotern, wobei neun der zehn führenden Unternehmen für autonomes Fahren Hesais 360° Hochleistungs-Lidar verwenden.

Positive
  • Partnership with major automotive player SAIC Volkswagen
  • 74% market share in robotic car lidar market globally
  • Delivered over 470,000 lidar units to customers as of Q2 2024
  • Strong patent portfolio with more than 1,700 patents and applications
Negative
  • None.

Insights

This partnership between Hesai and SAIC Volkswagen is a significant development in the automotive lidar sector. Hesai's dominant 74% market share in robotic car lidar and its adoption by 9 out of 10 top autonomous driving companies underscore its technological leadership. The collaboration with SAIC Volkswagen, a major player in China's automotive market with sales of 1.2 million cars in 2023, opens up substantial opportunities for Hesai to expand its footprint in the rapidly growing Chinese EV and autonomous vehicle market.

The partnership could accelerate the integration of advanced lidar technology into mainstream vehicles, potentially hastening the transition to higher levels of vehicle autonomy. For investors, this deal signals Hesai's strong market position and growth potential, which could positively impact its financial performance and stock valuation in the medium to long term. However, the automotive industry's cyclical nature and the evolving regulatory landscape for autonomous vehicles are factors to watch closely.

Hesai's approach of integrating lidar manufacturing into the R&D design process is a key differentiator. This strategy enables them to maintain high performance and reliability while achieving cost-effectiveness and rapid product iteration - important factors in the fast-paced automotive tech sector. With over 1,700 patents and patent applications, Hesai has built a strong intellectual property moat, which is vital for maintaining its market leadership.

The company's delivery of over 470,000 units as of Q2 2024 demonstrates significant scale, suggesting they've overcome many of the manufacturing challenges that often plague hardware startups. This partnership with SAIC Volkswagen could further accelerate Hesai's production volumes and drive economies of scale, potentially leading to improved margins and profitability. Investors should monitor how this partnership translates into actual product integration and volume commitments from SAIC Volkswagen in the coming quarters.

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.

Cision View original content:https://www.prnewswire.com/news-releases/hesai-and-saic-volkswagen-sign-new-partnership-on-automotive-lidar-program-302263752.html

SOURCE Hesai Technology

FAQ

What is the new partnership between Hesai Technology (HSAI) and SAIC Volkswagen?

Hesai Technology (HSAI) and SAIC Volkswagen have signed a cooperation framework to develop an automotive lidar program, aiming to create a new ecosystem for the automotive industry using Hesai's advanced lidar products and technology.

What is Hesai Technology's (HSAI) market share in the robotic car lidar market as of 2024?

According to the Lidar for Automotive 2024 report by Yole Intelligence, Hesai Technology (HSAI) holds a 74% market share in the global robotic car lidar market, ranking No. 1.

How many lidar units has Hesai Technology (HSAI) delivered to customers as of Q2 2024?

Hesai Technology (HSAI) has delivered over 470,000 lidar units to customers as of the second quarter of 2024.

What is SAIC Volkswagen's car sales performance in 2023 and 2024?

SAIC Volkswagen sold 1.2 million cars in 2023, and their cumulative car sales from January to August 2024 reached nearly 700,000 units.

Hesai Group American Depositary Share, each ADS represents one Class B ordinary share

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