Core Insights - Hesai Technology has become the first company globally to achieve an annual production of over 1 million LiDAR units, marking a significant milestone in the industry [1][2] - The company aims to leverage its advanced manufacturing capabilities and proprietary technology to maintain its leadership in the LiDAR market, particularly in the automotive and robotics sectors [1][2] Group 1: Production Milestones - As of the end of September 2023, Hesai has officially produced its 1 millionth LiDAR unit for the year 2025 [1] - The company plans to increase its annual production capacity to over 2 million units by 2025, with expected annual delivery volumes between 1.2 million and 1.5 million units [2] Group 2: Technological Advancements - Hesai is the only LiDAR company that has independently developed all seven key components of its LiDAR systems, and it is the first to achieve mass production of chip-based transmission and reception modules [2] - The company utilizes a highly automated production line with a 100% automation rate in core processes, producing one LiDAR unit every 20 seconds [1] Group 3: Market Position - Hesai holds the leading market share in several categories, including global vehicle-mounted LiDAR, ADAS LiDAR, and L4 autonomous driving LiDAR, being recognized for four consecutive years with multiple global firsts [2] - As of Q2 2025, the cumulative delivery volume in the ADAS and robotics sectors has exceeded 1.37 million units [2]