Core Insights - Li Auto has chosen Hesai Technology as the exclusive supplier of LiDAR sensors for its next generation assisted driving platform, which includes the L Series, i Series, and MEGA models [1] - The partnership between Li Auto and Hesai, which began in 2021, aims to enhance advanced driver-assistance systems (ADAS) and improve safety in complex driving scenarios [2][3] - As of October 31, Li Auto has delivered over 1.46 million vehicles, indicating strong market performance [2] Group 1: Partnership and Supply Agreement - Hesai's AT series LiDAR has facilitated the mass production of Li Auto's vehicles with advanced driver-assistance capabilities [2] - The expanded agreement solidifies Hesai's role as the exclusive LiDAR supplier for all new Li Auto models starting from May 2025 [1] - Both companies are focused on accelerating the rollout of ADAS to provide safer assisted driving experiences globally [2] Group 2: Hesai Technology's Market Position - Hesai recently produced its 1,000,000th LiDAR unit and was listed on the Hong Kong Stock Exchange, raising approximately HK$4.2 billion ($533 million) for future growth [3] - The company has also expanded its supply deal with a US-based robotaxi company, securing a contract worth over $40 million [3] - Hesai claims to hold the top positions in the automotive LiDAR market, including overall market share, ADAS market share, and Level 4 autonomous driving market share [4]

Core Insights - Hesai Technology has been selected by Li Auto to supply lidars for all models in its next-generation assisted driving platform, including the "L" Series, "i" Series, and "MEGA" [1] - Li Auto has delivered over 1.46 million vehicles as of October 31, 2025, and has made lidar a standard feature across all new models since May 2025 [2] - The partnership between Hesai and Li Auto has been ongoing since 2021, focusing on the development and mass production of automotive-grade lidars, enhancing safety in complex driving scenarios [3] - Future collaboration between Hesai and Li Auto aims to accelerate the adoption of Advanced Driver Assistance Systems (ADAS) and improve assisted driving experiences globally [4] Company Overview - Hesai Technology is recognized as a global leader in lidar solutions and has achieved the milestone of producing its 1,000,000th lidar unit in 2025 [4] - Li Auto is a prominent new energy vehicle manufacturer, specializing in premium smart electric vehicles [2]

Core Insights - Hesai Group's AT series lidar has been selected by SAIC-GM for integration into Cadillac's new all-electric VISTIQ SUV, marking a significant advancement in automotive lidar technology [1][2] - The VISTIQ features the industry's first in-cabin lidar deployment, which enhances environmental sensing capabilities while maintaining the vehicle's design integrity [2][3] - This partnership positions Hesai as a key digital ecosystem partner for SAIC-GM, focusing on delivering high-performance lidar solutions for the future of electric mobility [3] Company Overview - Hesai Group is recognized as a global leader in lidar technology, specifically for automotive and robotic applications [1] - The company has established a designated supplier partnership with SAIC-GM, emphasizing its role in the development of intelligent electric vehicles [3] Industry Impact - The integration of lidar technology into the VISTIQ SUV sets a new standard for sensor systems in passenger vehicles, particularly with its innovative behind-the-windshield placement [2] - The deployment of the AT series lidar enhances the vehicle's autonomous sensing capabilities, contributing to the advancement of smart and safe electric vehicles [3]