Hesai Secures $40 Million Lidar Contract with Leading U.S. Robotaxi Company

Reuters

Sep 15

Hesai Technology has announced an expansion of its production agreement with a prominent U.S.-based robotaxi company.

Hesai shares jumped 5% in overnight trading.

The contract, now valued at over $40 million, covers deliveries through the end of 2026. Hesai has been chosen as the sole supplier for both long-range and short-range lidars, highlighting its vital role in supporting the next generation of autonomous fleets. This agreement underscores Hesai's significant market presence, as it holds a 61% market share in the global L4 autonomous driving segment for lidar. The expanded partnership reflects the growing confidence in Hesai's technology, which combines performance, reliability, and scalable manufacturing to meet the demanding requirements of the autonomous driving industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hesai Group published the original content used to generate this news brief via PR Newswire (Ref. ID: CN73232) on September 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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