HESAI-W's stock soared 5.08% in morning trading on Friday, driven by significant business developments and strategic partnerships announced this week.

The surge follows the company's announcement of securing a new project designation from another top-tier European automaker, with an order volume exceeding 1 million units covering over ten models under the automaker's Chinese joint venture brands. This comes shortly after HESAI-W's L3 autonomous driving collaboration with Mercedes-Benz, marking two major European OEM partnerships in one week. These deals represent comprehensive recognition from leading international automotive groups for HESAI-W's fully self-developed chip-based technology, reliable product performance, and large-scale mass production capabilities.

Bank of Communications International noted that HESAI-W has become the strategic LiDAR partner and confirmed supplier for Mercedes-Benz's L3 models, with a supply agreement supporting vehicle projects in European and Chinese markets through a new manufacturing center in Thailand. Concurrently, the company is advancing its global strategy by penetrating the Japanese automotive ecosystem through the 2026 GAC Toyota bZ3X design award and securing an overseas design collaboration with Xiaomi, whose automotive unit plans overseas deliveries starting in 2027.