Hesai Announces Design Wins with Three Top Global Automakers JV Brands
Hesai Technology (Nasdaq: HSAI), a global leader in lidar solutions, has announced three significant automotive lidar design wins with top global automakers' joint ventures in China. These include General Motors (GM), Ford, and a prominent European automotive brand. The OEM joint ventures plan to integrate Hesai's automotive-grade, long-range lidar into their next-generation series production vehicles, with mass production expected to begin as early as 2025.
Hesai has secured ADAS design wins with 18 OEMs and Tier 1 suppliers globally, covering approximately 70 vehicle models as of Q1 2024. The company also holds mass production agreements with six of the top ten Fortune 500 automakers directly or through entities in their group, maintaining the highest global market share in the automotive lidar industry.
Hesai Technology (Nasdaq: HSAI), leader globale nelle soluzioni lidar, ha annunciato tre importanti successi progettuali nel settore automobilistico con joint venture di grandi produttori automobilistici in Cina. Questi includono General Motors (GM), Ford e un noto marchio automobilistico europeo. Le joint venture OEM prevedono di integrare il lidar per automotive di classe, a lungo raggio di Hesai, nei loro veicoli di produzione della prossima generazione, con l'inizio della produzione di massa atteso già nel 2025.
Hesai ha ottenuto successi di design ADAS con 18 OEM e fornitori di primo livello a livello globale, coprendo circa 70 modelli di veicoli a partire dal primo trimestre del 2024. L'azienda ha anche accordi di produzione di massa con sei dei primi dieci produttori automobilistici Fortune 500 direttamente o attraverso entità del loro gruppo, mantenendo la massima quota di mercato globale nel settore lidar automobilistico.
Hesai Technology (Nasdaq: HSAI), líder mundial en soluciones lidar, ha anunciado tres importantes éxitos de diseño automotriz con joint ventures de los principales fabricantes de automóviles en China. Estos incluyen General Motors (GM), Ford y una destacada marca automotriz europea. Las joint ventures de los OEM planean integrar el lidar de grado automotriz de Hesai, de largo alcance, en sus vehículos de producción de próxima generación, con la producción en masa prevista para comenzar tan pronto como en 2025.
Hesai ha asegurado éxitos de diseño de ADAS con 18 OEMs y proveedores de primer nivel a nivel global, cubriendo aproximadamente 70 modelos de vehículos hasta el primer trimestre de 2024. La compañía también mantiene acuerdos de producción en masa con seis de los diez principales fabricantes de automóviles Fortune 500 directamente o a través de entidades de su grupo, manteniendo la mayor cuota de mercado global en la industria del lidar automotriz.
헤사이 테크놀로지 (Nasdaq: HSAI)는 차량 라이더 솔루션의 글로벌 리더로, 중국의 주요 글로벌 자동차 제조업체와의 3건의 중요한 자동차 라이더 디자인 성공 사례를 발표했습니다. 여기에는 제너럴 모터스 (GM), 포드, 그리고 저명한 유럽 자동차 브랜드가 포함됩니다. OEM 합작사는 헤사이의 자동차 등급 장거리 라이더를 차세대 양산 차량에 통합할 계획이며, 2025년 초부터 대량 생산이 시작될 것으로 예상됩니다.
헤사이는 전 세계 18개 OEM 및 1티어 공급업체와 ADAS 디자인 성공 사례를 확보하였으며, 2024년 1분기 기준으로 약 70개 차량 모델을 포괄합니다. 이 회사는 또한 상위 10대 포춘 500 자동차 제조업체 중 6개와 직접 또는 그룹 내 기관을 통해 대량 생산 계약을 체결하여 자동차 라이더 산업에서 가장 높은 글로벌 시장 점유율을 유지하고 있습니다.
Hesai Technology (Nasdaq: HSAI), un leader mondial des solutions lidar, a annoncé trois gains de conception significatifs dans le secteur automobile avec des coentreprises de grands fabricants automobiles en Chine. Cela inclut General Motors (GM), Ford et une marque automobile européenne de renom. Les coentreprises OEM prévoient d'intégrer le lidar de qualité automobile à longue portée de Hesai dans leurs véhicules de production de nouvelle génération, avec un début de production de masse prévu dès 2025.
Hesai a sécurisé des gains de conception ADAS avec 18 OEM et fournisseurs de premier niveau à l'échelle mondiale, couvrant environ 70 modèles de véhicules d'ici le premier trimestre 2024. L'entreprise détient également des accords de production de masse avec six des dix premiers fabricants automobiles du Fortune 500 directement ou via des entités de leur groupe, maintenant la plus grande part de marché mondiale dans l'industrie du lidar automobile.
Hesai Technology (Nasdaq: HSAI), ein globaler Marktführer im Bereich Lidar-Lösungen, hat drei bedeutende Designgewinne im Automobilbereich mit Joint Ventures führender Automobilhersteller in China bekannt gegeben. Dazu gehören General Motors (GM), Ford und eine prominente europäische Automarke. Die OEM-Joint Ventures planen, das hochwertige Lidar von Hesai in die Fahrzeuge der nächsten Generation einzuintegren, mit einem Produktionsbeginn bereits im Jahr 2025.
Hesai hat weltweit mit 18 OEMs und Tier-1-Zulieferern Designgewinne für ADAS erzielt und deckt damit bis zum ersten Quartal 2024 etwa 70 Fahrzeugmodelle ab. Das Unternehmen hält auch Produktionsvereinbarungen mit sechs der zehn größten Fortune-500-Autohersteller direkt oder über konkrete Gruppeneinheiten, wobei es die höchste globale Marktanteil im Automobil-Lidar-Sektor hält.
- Secured three automotive lidar design wins with top global automakers' JVs in China
- Mass production of new models integrating Hesai's lidar expected to begin as early as 2025
- Secured ADAS design wins with 18 OEMs and Tier 1 suppliers globally
- Holds mass production agreements with six of the top ten Fortune 500 automakers
- Maintains highest global market share in the automotive lidar industry
- None.
Hesai's announcement of design wins with three major global automakers' joint ventures in China represents a significant milestone for the company and the broader lidar industry. These partnerships with GM, Ford and a prominent European brand underscore the growing adoption of lidar technology in mainstream vehicles, moving beyond luxury and high-end models.
The planned integration of Hesai's long-range lidar into series production vehicles starting as early as 2025 indicates a rapid timeline for commercialization. This accelerated adoption could potentially reshape the automotive safety and autonomous driving landscape in the coming years.
Hesai's success in securing ADAS design wins with 18 OEMs and Tier 1 suppliers, covering approximately 70 vehicle models, demonstrates the company's strong market position. The fact that Hesai has agreements with six of the top ten Fortune 500 automakers further solidifies its industry leadership.
However, investors should note that the lidar market remains highly competitive, with several players vying for dominance. Hesai's ability to maintain its market share and execute on these design wins will be important for its long-term success. The company's global expansion and collaboration efforts are positive signs, but challenges in scaling production and meeting diverse OEM requirements across different markets should not be underestimated.
Hesai's announcement of design wins with major automakers' joint ventures in China is a strong positive signal for the company's financial outlook. These partnerships have the potential to significantly boost Hesai's revenue streams in the coming years, particularly as mass production begins in 2025.
The company's success in securing agreements with six of the top ten Fortune 500 automakers suggests a robust and diversified customer base, which could lead to more stable and predictable revenue growth. This diversification also helps mitigate risks associated with reliance on a single customer or market.
Hesai's global expansion, with customers in over 40 countries, indicates a strong international market presence. This geographical diversification can help buffer against regional economic fluctuations and provide multiple growth avenues.
However, investors should be aware of potential challenges in scaling production to meet the demands of multiple large-scale automotive contracts. Capital expenditures for manufacturing expansion and R&D investments may impact short-term profitability. Additionally, the competitive nature of the lidar market could lead to pricing pressures, potentially affecting margins.
Overall, while the news is decidedly positive for Hesai's growth prospects, investors should closely monitor the company's ability to execute on these design wins and maintain its market leadership position in the face of intense competition.
These global OEM JVs plan to integrate Hesai's automotive-grade, long-range lidar in their next-generation series production vehicles to advance the development and adoption of intelligent driving. Mass production of these models is expected to begin as early as 2025.
"We are thrilled to partner with these prestigious global OEMs as they integrate advanced safety technology into their vehicles," said David Li, CEO & Co-Founder of Hesai. "This is just the start of our large-scale implementation of lidar in popular vehicle models to enhance safety, save lives and create a more intelligent global transportation system."
Building on this momentum, Hesai has secured ADAS design wins with 18 OEMs and Tier 1 suppliers globally, covering approximately 70 vehicle models as of Q1 2024.The companyalso holds mass production agreements with six of the top ten Fortune 500 automakers directly or through entities in their group, maintaining the highest global market share in the automotive lidar industry.
Hesai has already established a strong global business presence in the
View original content:https://www.prnewswire.com/news-releases/hesai-announces-design-wins-with-three-top-global-automakers-jv-brands-302209698.html
SOURCE Hesai Technology
FAQ
What major design wins did Hesai Technology (HSAI) announce in July 2024?
When is mass production expected to begin for the vehicles integrating Hesai's (HSAI) lidar technology?
How many OEMs and Tier 1 suppliers has Hesai (HSAI) secured ADAS design wins with as of Q1 2024?
What is Hesai's (HSAI) market position in the automotive lidar industry?
