Hesai Protects Design Wins More Chery Models, Mass Production to Begin This Year Investing.com

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

Chery’s vehicle lineup includes passenger cars, commercial vehicles, and city vehicles. Chery recently reported a 38 percent jump in global car sales year-on-year, with 2.6 million vehicles sold by 2024, and a forecast of more than 3 million deliveries this year. As the leading exporter of Chinese passenger cars, Chery announced that its exports to foreign countries in 2024 will exceed 1.14 million vehicles, an increase of 21.4% year-on-year.

Since December 2024Hesai has achieved over 100 design wins for 21 automotive OEMs including Chery, Great Wall Motorsand Changan.

ATX offers powerful performance in a compact manner, enabling advanced driver assistance functions. It has since been released in April 2024Hesai’s ATX has been selected for mass production vehicles by many leading car manufacturers including leading new energy vehicle companies and Europe’s and America’s leading OEMs China.

By 2025, Hesai’s planned annual production capacity is expected to exceed 2 million units, supported by the company’s strength in mass production and research and innovation.