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Hesai Secures Design Wins for Multiple Chery Models, Mass Production to Begin This Year

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Hesai Technology (HSAI) has secured design wins for multiple Chery Automobile models, with mass production scheduled to begin in H2 2025. The vehicles will feature Hesai's latest generation ATX lidar, an ultra-compact high-performance system.

Chery, which reported a 38% year-over-year increase in global car sales with 2.6 million vehicles sold in 2024, forecasts over 3 million deliveries in 2025. As China's leading vehicle exporter, Chery's exports reached 1.14 million vehicles in 2024, up 21.4% year-on-year.

Hesai has accumulated over 100 design wins across 21 automotive OEMs. The company's ATX lidar, launched in April 2024, has been selected by numerous automakers, including top new energy vehicle companies and European and American OEM joint ventures in China. Hesai's planned annual production capacity for 2025 is expected to exceed 2 million units.

Hesai Technology (HSAI) ha ottenuto vincite di design per diversi modelli di automobili Chery, con la produzione di massa prevista per iniziare nel secondo semestre del 2025. I veicoli presenteranno il lidar ATX di ultima generazione di Hesai, un sistema ultracompatto ad alte prestazioni.

Chery, che ha riportato un aumento del 38% anno su anno nelle vendite globali di automobili con 2,6 milioni di veicoli venduti nel 2024, prevede oltre 3 milioni di consegne nel 2025. Essendo il principale esportatore di veicoli della Cina, le esportazioni di Chery hanno raggiunto 1,14 milioni di veicoli nel 2024, con un aumento del 21,4% rispetto all'anno precedente.

Hesai ha accumulato oltre 100 vincite di design tra 21 OEM automobilistici. Il lidar ATX dell'azienda, lanciato ad aprile 2024, è stato selezionato da numerosi produttori di automobili, tra cui importanti aziende di veicoli elettrici e joint venture tra OEM europei e americani in Cina. La capacità produttiva annuale pianificata di Hesai per il 2025 dovrebbe superare i 2 milioni di unità.

Hesai Technology (HSAI) ha conseguido victorias de diseño para múltiples modelos de automóviles Chery, con la producción en masa programada para comenzar en el segundo semestre de 2025. Los vehículos contarán con el lidar ATX de última generación de Hesai, un sistema ultra compacto y de alto rendimiento.

Chery, que reportó un aumento del 38% interanual en las ventas globales de automóviles, con 2.6 millones de vehículos vendidos en 2024, prevé más de 3 millones de entregas en 2025. Como principal exportador de vehículos de China, las exportaciones de Chery alcanzaron 1.14 millones de vehículos en 2024, un 21.4% más en comparación con el año anterior.

Hesai ha acumulado más de 100 victorias de diseño entre 21 OEMs de la industria automotriz. El lidar ATX de la compañía, lanzado en abril de 2024, ha sido seleccionado por numerosos fabricantes de automóviles, incluidas las principales empresas de vehículos de nueva energía y empresas conjuntas entre OEM europeos y estadounidenses en China. La capacidad de producción anual planeada de Hesai para 2025 se espera que supere los 2 millones de unidades.

Hesai Technology (HSAI)는 여러 개의 Chery 자동차 모델을 위한 디자인 수주를 확보했으며, 대량 생산은 2025년 하반기에 시작될 예정입니다. 이 차량들은 Hesai의 최신 ATX 라이더 기술을 탑재할 예정이며, 초소형 고성능 시스템입니다.

Chery는 2024년 260만 대의 자동차를 판매하여 전년 대비 38% 증가를 기록했으며, 2025년에는 300만 대 이상의 인도를 예상하고 있습니다. 중국의 주요 자동차 수출업체인 Chery는 2024년 114만 대의 수출을 달성하며 전년 대비 21.4% 증가했습니다.

Hesai는 21개의 자동차 OEM에서 100건 이상의 디자인 수주를 기록했습니다. 2024년 4월 출시된 회사의 ATX 라이더는 여러 자동차 제조업체에 의해 선택되었으며, 여기에는 중국 내 주요 신에너지 차량 회사와 유럽 및 미국 OEM 조인트 벤처들이 포함됩니다. Hesai의 2025년 계획 연간 생산 능력은 200만 대를 초과할 것으로 예상됩니다.

Hesai Technology (HSAI) a sécurisé des gains de design pour plusieurs modèles d'automobiles Chery, avec une production de masse prévue pour le second semestre 2025. Les véhicules seront équipés du dernier Lidar ATX de Hesai, un système ultra-compact et haute performance.

Chery, qui a enregistré une augmentation de 38% par rapport à l'année précédente de ses ventes de voitures dans le monde avec 2,6 millions de véhicules vendus en 2024, prévoit plus de 3 millions de livraisons en 2025. En tant que principal exportateur de véhicules de Chine, les exportations de Chery ont atteint 1,14 million de véhicules en 2024, en hausse de 21,4% par rapport à l'année précédente.

Hesai a accumulé plus de 100 gains de design auprès de 21 OEM automobiles. Le Lidar ATX de l'entreprise, lancé en avril 2024, a été sélectionné par de nombreux fabricants automobiles, y compris des entreprises de véhicules à énergie nouvelle de premier plan ainsi que des coentreprises OEM européennes et américaines en Chine. La capacité de production annuelle prévue de Hesai pour 2025 devrait dépasser 2 millions d'unités.

Hesai Technology (HSAI) hat Designgewinne für mehrere Modelle von Chery Automobile gesichert, wobei die Serienproduktion für das zweite Halbjahr 2025 geplant ist. Die Fahrzeuge werden mit Hesais neuester Generation des ATX Lidar ausgestattet sein, einem ultra-kompakten Hochleistungs-system.

Chery, das einen Jahresanstieg von 38% bei den globalen Fahrzeugverkäufen mit 2,6 Millionen verkauften Fahrzeugen im Jahr 2024 vermeldet hat, prognostiziert über 3 Millionen Auslieferungen im Jahr 2025. Als führender Exporteur von Fahrzeugen in China erreichten die Exporte von Chery im Jahr 2024 1,14 Millionen Fahrzeuge, was einem Anstieg von 21,4% im Vergleich zum Vorjahr entspricht.

Hesai hat über 100 Designgewinne bei 21 Automobil-OEMs gesammelt. Das im April 2024 eingeführte ATX Lidar des Unternehmens wurde von zahlreichen Automobilherstellern ausgewählt, darunter führende Unternehmen der neuen Energiefahrzeuge sowie europäische und amerikanische OEM-Joint Ventures in China. Die geplante jährliche Produktionskapazität von Hesai für 2025 wird voraussichtlich 2 Millionen Einheiten übersteigen.

Positive
  • Secured multiple design wins with Chery, a major automotive manufacturer
  • Over 100 design wins across 21 automotive OEMs
  • Production capacity expected to exceed 2 million units in 2025
  • ATX lidar selected by multiple leading automakers including international joint ventures
Negative
  • None.

Insights

The Chery design win represents a significant milestone for Hesai's market penetration strategy. Securing multiple models with Chery, which sold 2.6 million vehicles in 2024 and targets 3 million in 2025, provides substantial revenue potential. The timing aligns perfectly with Hesai's production capacity expansion to 2 million units annually in 2025.

The ATX lidar integration in Chery's lineup demonstrates growing adoption of advanced driver assistance systems (ADAS) in mid-market vehicles, not just premium segments. With Chery's strong presence in emerging markets and 1.14 million export vehicles, this partnership could accelerate Hesai's global market expansion beyond China.

In simpler terms: Think of this as Hesai getting their high-tech car sensors into potentially hundreds of thousands of new vehicles from one of China's largest carmakers. It's like winning a contract to supply important safety equipment to a major international car brand that's growing rapidly.

The deal's strategic value extends beyond immediate revenue implications. Chery's 38% year-over-year growth and expanding global footprint provide Hesai with exposure to both domestic Chinese and international markets. The company has now secured over 100 design wins across 21 automotive OEMs, indicating strong market validation of their technology.

The timing of mass production in H2 2025 coincides with increasing global automotive electrification and ADAS adoption trends. Hesai's expanding relationship with major OEMs like Great Wall Motors, Changan and now Chery positions them favorably against competitors in the rapidly growing automotive lidar market.

Breaking it down simply: Hesai is winning more and more contracts with car companies, showing their technology is trusted. As cars become more advanced and automated, Hesai's sensors are becoming standard equipment for many manufacturers, suggesting strong future growth potential.

SHANGHAI, Jan. 21, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar technology, today announced that it has secured design wins for multiple Chery Automobile models. The models are expected to enter mass production in the second half of 2025 and will be equipped with the newest generation of Hesai's ultra-compact high-performance ATX lidar.

Chery's vehicle line-up includes passenger cars, commercial vehicles, and urban mobility vehicles. Chery recently reported a 38 percent jump in global car sales year-over-year, with 2.6 million vehicles sold in 2024, and a forecast of more than 3 million deliveries this year. As the leading exporter of Chinese-brand passenger vehicles, Chery announced its total exports in 2024 exceeded 1.14 million vehicles, a 21.4% increase year-on-year.

As of December 2024, Hesai has earned more than 100 design wins across 21 automotive OEMs including Chery, Great Wall Motors, and Changan.

The ATX offers powerful performance in a compact form, empowering advanced assisted driving functions. Since its release in April 2024, Hesai's ATX has been selected for mass production vehicles by numerous leading automakers including top new energy vehicle companies and leading European and American OEMs' joint ventures in China.

In 2025, Hesai's planned annual production capacity is expected to exceed 2 million units, supported by the company's mass production capabilities and research and development innovation.

Cision View original content:https://www.prnewswire.com/news-releases/hesai-secures-design-wins-for-multiple-chery-models-mass-production-to-begin-this-year-302356054.html

SOURCE Hesai Technology

FAQ

When will Hesai (HSAI) begin mass production for Chery models?

Hesai will begin mass production for multiple Chery models in the second half of 2025.

How many design wins has Hesai (HSAI) secured as of December 2024?

Hesai has secured more than 100 design wins across 21 automotive OEMs including Chery, Great Wall Motors, and Changan.

What is Hesai's (HSAI) expected production capacity for 2025?

Hesai's planned annual production capacity is expected to exceed 2 million units in 2025.

When was Hesai's ATX lidar released and who has adopted it?

Hesai's ATX lidar was released in April 2024 and has been selected by numerous leading automakers, including top new energy vehicle companies and European and American OEMs' joint ventures in China.

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