Hesai (HSAI) announced an exclusive series production design win with Great Wall Motor, covering several models across its two brands. These models will feature Hesai’s ATX, an ultra-compact high-resolution long-range lidar, scheduled for mass production starting in 2025. Great Wall Motor, an automotive manufacturer in China, has made significant leaps in new energy and intelligent technologies, achieving significant milestones in intelligent driving and smart cockpit systems. In 2023, the company sold over 1.23M vehicles, including a record 262,000 electric vehicles. In the first three quarters of 2024, sales of Great Wall Motor EVs reached 195,000, reflecting a robust 57.2% year-over-year growth.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HSAI:
- Hesai to supply 1.5M lidar units to Changan Automobile for multiple car brands
- Hesai Group Sees Strong Growth in Lidar Market
- Hesai Group’s Strong Q3 2024 Performance and Outlook
- HSAI Upcoming Earnings Report: What to Expect?
- Hesai named exclusive lidar provider for Leapmotor’s vehicle platform
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
