Core Insights - Hesai Technology has achieved a significant milestone by producing its 1,000,000th lidar unit in 2025, becoming the first lidar company globally to exceed one million units in annual production [1][2] - The company aims to enable 1% of vehicles worldwide with 3D perception by 2025, marking the realization of its first corporate vision [2] - Hesai's success is attributed to its advanced manufacturing system, in-house R&D capabilities, and fully automated production lines, which can produce one lidar every 20 seconds [2][3] Manufacturing and Technology - Hesai utilizes a proprietary Smart Cloud MES system for full-chain traceability, real-time quality management, and micro-level line control, ensuring high-quality production [3] - The company independently develops all seven key lidar components, enhancing its competitive edge in the market [3] Market Position - Hesai holds the No. 1 position in the global automotive lidar market, including overall market share, ADAS lidar market share, and Level 4 autonomous driving lidar market share [4] - In the ADAS sector, Hesai lidar is a standard safety feature in over 120 vehicle models across 24 OEMs, with production scheduled between 2025 and 2027 [5] - In the robotics sector, Hesai supplies nine of the world's top ten robotaxi service providers, achieving over 100,000 units delivered of its JT series lidar within five months of launch [6] Production and Delivery - As of Q2 2025, Hesai has delivered over 1.37 million lidar units cumulatively across ADAS and robotics markets [7] - The company plans to increase its production capacity to 2 million units in 2025, with annual deliveries projected between 1.2 and 1.5 million units [7]