Hesai and BYD Supercharge Partnership: 10+ Lidar-Equipped Models to Enter Mass Production in 2025

Company Developments - Hesai Technology will deepen cooperation with BYD, providing automotive lidar for over 10 BYD models expected to enter mass production in 2025 [1] - Hesai has achieved over 100 design wins across 22 automotive OEMs, including notable companies like Chery, Great Wall Motors, and Changan [5] - Hesai's ATX lidar, which offers powerful performance in a compact form, will enter mass production in Q1 2025, with multiple companies incorporating it into standard configurations for mass production models [6] Industry Trends - BYD sold over 4 million intelligent driving-equipped vehicles in 2024, surpassing all domestic competitors [2] - The automotive lidar market in China is experiencing strong growth, with installation volume exceeding 1.5 million units in 2024, more than double the volume in 2023 [3] - Hesai became the first lidar company to deliver over 100,000 units in a single month in December 2024, with planned annual production capacity expected to exceed 2 million units in 2025 [4]