Hesai Technology Announced as Exclusive Lidar Provider for Leapmotor's Next-Generation Vehicle Platform
Hesai Technology (NASDAQ: HSAI), a global leader in lidar solutions, has been announced as the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The first model on this platform is expected to enter mass production in 2025. This exclusive partnership builds upon their existing collaboration in intelligent driving, with Hesai already supplying its AT128 lidar for Leapmotor's C-series intelligent driving edition models.
Leapmotor has begun sales in Europe, with over 200 dealers across 13 countries, and plans to expand to 500 sales points in Europe by the end of 2025. The partnership aims to accelerate Leapmotor's leadership in Advanced Driver-Assistance Systems (ADAS) and its global application.
Hesai Technology (NASDAQ: HSAI), un leader globale nelle soluzioni lidar, è stato annunciato come il fornitore esclusivo di lidar automobilistico a lungo raggio per la piattaforma veicolare di nuova generazione di Leapmotor. Si prevede che il primo modello su questa piattaforma entri in produzione di massa nel 2025. Questa partnership esclusiva si basa sulla loro collaborazione esistente nella guida intelligente, con Hesai che già fornisce il suo lidar AT128 per i modelli edizione guida intelligente della serie C di Leapmotor.
Leapmotor ha iniziato le vendite in Europa, con oltre 200 concessionari in 13 paesi, e prevede di espandersi a 500 punti vendita in Europa entro la fine del 2025. La partnership mira ad accelerare la leadership di Leapmotor nei sistemi avanzati di assistenza alla guida (ADAS) e la sua applicazione globale.
Hesai Technology (NASDAQ: HSAI), un líder global en soluciones lidar, ha sido anunciado como el proveedor exclusivo de lidar automotriz de largo alcance para la plataforma de vehículos de nueva generación de Leapmotor. Se espera que el primer modelo de esta plataforma entre en producción masiva en 2025. Esta asociación exclusiva se basa en su colaboración existente en conducción inteligente, con Hesai que ya suministra su lidar AT128 para los modelos de edición de conducción inteligente de la serie C de Leapmotor.
Leapmotor ha comenzado las ventas en Europa, con más de 200 concesionarios en 13 países, y planea expandirse a 500 puntos de venta en Europa para finales de 2025. La asociación tiene como objetivo acelerar el liderazgo de Leapmotor en Sistemas Avanzados de Asistencia al Conductor (ADAS) y su aplicación global.
헤사이 테크놀로지(NASDAQ: HSAI)는 라이다 솔루션의 글로벌 리더로서 리프모터의 차세대 차량 플랫폼을 위한 자동차 장거리 라이다 독점 공급업체로 발표되었습니다. 이 플랫폼에서 첫 모델은 2025년에 대량 생산에 들어갈 것으로 예상됩니다. 이 독점 파트너십은 지능형 주행 분야에서의 기존 협력을 기반으로 하며, 헤사이는 이미 리프모터의 C시리즈 지능형 주행 에디션 모델에 AT128 라이다를 공급하고 있습니다.
리프모터는 유럽에서 판매를 시작했으며, 13개 국가에 200개 이상의 딜러가 있으며, 2025년 말까지 유럽에 500개의 판매점을 확대할 계획입니다. 이 파트너십은 리프모터의 고급 운전자 보조 시스템(ADAS)에서의 리더십과 글로벌 적용을 가속화하는 것을 목표로 하고 있습니다.
Hesai Technology (NASDAQ: HSAI), un leader mondial des solutions lidar, a été annoncé comme le fournisseur exclusif de lidar automobile à longue portée pour la plateforme de véhicule de nouvelle génération de Leapmotor. Le premier modèle sur cette plateforme devrait entrer en production de masse en 2025. Ce partenariat exclusif repose sur leur collaboration existante en matière de conduite intelligente, Hesai fournissant déjà son lidar AT128 pour les modèles d'édition de conduite intelligente de la série C de Leapmotor.
Leapmotor a commencé ses ventes en Europe, avec plus de 200 concessionnaires dans 13 pays, et prévoit d'élargir son réseau à 500 points de vente en Europe d'ici fin 2025. Ce partenariat vise à accélérer le leadership de Leapmotor dans les systèmes avancés d'assistance à la conduite (ADAS) et leur application à l'échelle mondiale.
Hesai Technology (NASDAQ: HSAI), ein globaler Marktführer im Bereich Lidar-Lösungen, wurde als exklusiver Anbieter von langfristigem Lidar für Automobile für die Fahrzeugplattform der nächsten Generation von Leapmotor bekannt gegeben. Das erste Modell auf dieser Plattform wird voraussichtlich 2025 in die Großproduktion gehen. Diese exklusive Partnerschaft baut auf ihrer bestehenden Zusammenarbeit im Bereich intelligentes Fahren auf, wobei Hesai bereits sein AT128 Lidar für die C-Serie von Leapmotor im Bereich intelligentes Fahren bereitstellt.
Leapmotor hat mit dem Verkauf in Europa begonnen, mit über 200 Händlern in 13 Ländern, und plant, bis Ende 2025 auf 500 Verkaufsstellen in Europa zu expandieren. Die Partnerschaft zielt darauf ab, die Führung von Leapmotor in den fortschrittlichen Fahrerassistenzsystemen (ADAS) und deren globaler Anwendung zu beschleunigen.
- Exclusive partnership with Leapmotor for next-generation vehicle platform
- Multiple Leapmotor models to be equipped with Hesai's lidar products
- Expansion of Leapmotor's sales network in Europe, potentially increasing demand for Hesai's products
- None.
Insights
This exclusive partnership between Hesai and Leapmotor is a significant development in the automotive lidar market. Hesai securing its position as the sole lidar provider for Leapmotor's next-gen platform demonstrates strong confidence in their technology and could lead to substantial revenue growth for Hesai.
The deal's impact extends beyond 2025, potentially covering multiple models and solidifying Hesai's market position. Leapmotor's expansion into Europe, targeting
However, investors should note that exclusivity deals can be double-edged. While they provide stable revenue streams, they also tie Hesai's success closely to Leapmotor's performance. The long-term nature of this partnership could impact Hesai's flexibility in pursuing other opportunities.
This exclusive agreement represents a significant revenue opportunity for Hesai Technology. With Leapmotor's ambitious expansion plans in Europe and the potential for multiple models to incorporate Hesai's lidar, we could see a substantial boost to Hesai's top line in the coming years.
Investors should consider the long-term implications of this deal. While it provides revenue stability, it also exposes Hesai to risks associated with Leapmotor's market performance. The exclusivity clause may limit Hesai's ability to diversify its customer base in this segment.
Given Hesai's current market cap of
PALO ALTO, Calif. , Oct. 22, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ: HSAI), the global leader in lidar solutions, announced this week that it will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The platform's first model is expected to enter mass production in 2025.
According to the agreement, Hesai Technology will provide lidar products for multiple models of Leapmotor's next-generation new vehicle platform. This exclusive partnership deepens their long-term collaboration in intelligent driving, highlighting Hesai's leading lidar technology and Leapmotor's continued trust in Hesai and its capabilities.
In line with the initial strategic partnership established earlier this year, the two companies have advanced intelligent driving projects for multiple new Leapmotor models. The popular Leapmotor C-series intelligent driving edition models are fully equipped with Hesai's ultra-high-definition long-range AT128 lidar, enabling Navigation Assist Pilot (NAP), Navigation Assisted Cruise (NAC) and other advanced intelligent driving functions. According to Leapmotor, as of September 23rd, it has already commenced sales in
Hesai Technology will continue to deepen its exclusive partnership with Leapmotor, leveraging each company's respective strengths in advanced driver-assistance systems (ADAS). In the future, the two companies will continue to cooperate closely on intelligent driving, helping Leapmotor accelerate its leadership in ADAS and the technology's application globally.
View original content:https://www.prnewswire.com/news-releases/hesai-technology-announced-as-exclusive-lidar-provider-for-leapmotors-next-generation-vehicle-platform-302282485.html
SOURCE Hesai Technology
FAQ
What is Hesai Technology's role in Leapmotor's next-generation vehicle platform?
Which Hesai Technology lidar product is used in Leapmotor's C-series intelligent driving edition models?
What are Leapmotor's expansion plans in Europe by the end of 2025?
How does the partnership between Hesai Technology (HSAI) and Leapmotor affect ADAS development?
