🚨 Elon says lidar and radar actually make cars less safe because the sensors conflict.Tesla shut off radars to improve safety, cameras are enough.This comes after Uber’s CEO questioned Tesla’s vision-only approach. $TSLA https://t.co/S57uZ6g0hu ...

More lidar needed for Waymo https://t.co/H8K4RGu8fA ...

Financial Performance - Quarterly net revenues reached RMB 706.4 million (US$ 98.6 million), representing a year-over-year increase of 53.9% from RMB 458.9 million [6][9] - Quarterly net income was RMB 44.1 million (US$ 6.2 million), a significant improvement compared to a net loss of RMB 72.1 million in the same period last year [2][9] - For the first six months of 2025, total shipments surpassed those of the entire year of 2024, with net income reaching RMB 26.5 million (US$ 3.7 million) [2][9] Business Growth and Market Position - The second quarter saw a surge in growth momentum, with net revenues increasing over 50% year-over-year, driven by strong customer demand and operational execution [2] - The company secured numerous design wins for 20 models from 9 leading OEMs, including a platform win for multiple 2026 models with a top ADAS customer [2][3] - In the Robotics sector, the company ranked No. 1 in lidar shipments in China for the first half of 2025, indicating strong market leadership [2][7] Product and Technology Development - The company achieved the C-sample milestone for its long-range lidar sensor with a top European OEM, confirming product maturity and successful testing [3] - The long-range lidar debuted at the 2025 Shanghai Auto Show, showcasing its application in high-profile vehicles such as SAIC Audi's sports car and Cadillac VISTIQ SUV [3] - The company is positioned to capitalize on the growing demand for lidar technology in both automotive and robotics applications, leveraging its expertise and global scale [2][7] Operational Highlights - Total lidar shipments for the second quarter were 352,095 units, a remarkable increase of 306.9% from 86,526 units in the same period of 2024 [8] - ADAS lidar shipments reached 303,564 units, representing a 275.8% increase from 80,773 units in the corresponding period of 2024 [8] - The company reported a gross margin of 42.5% for the second quarter, slightly down from 45.1% in the same period last year, primarily due to a decrease in high-margin service revenues [9]

Waymo Needs more lidar https://t.co/iJfMjyYPez ...

Core Viewpoint - Hesai Group has filed a Notice of Appeal to challenge a U.S. District Court ruling that upheld the Department of Defense's designation of the company under the National Defense Authorization Act, asserting that the ruling lacks factual and legal basis [1][2]. Company Overview - Hesai Group is a global leader in lidar solutions, providing products for various applications including passenger and commercial vehicles, autonomous driving, and robotics [5]. - The company integrates in-house manufacturing with lidar R&D and design, ensuring rapid product iteration and high performance [5]. - Hesai has established offices in Shanghai, Palo Alto, and Stuttgart, serving customers in over 40 countries [5]. Legal Context - The District Court's ruling was based on the geographic location of Hesai's R&D centers and the theoretical military applications of lidar technology, rather than any evidence of military use or connection to the Chinese military [3]. - The company has consistently maintained that it has never developed or supplied products for military use, focusing solely on civilian and commercial applications [4]. Company Response - The CEO of Hesai expressed disappointment with the District Court's ruling and emphasized the company's commitment to defending its reputation and pursuing legal remedies [2][4]. - Hesai remains focused on delivering advanced lidar solutions and maintaining transparency and good corporate governance as a Nasdaq-listed entity [4].

Group 1 - Aeva Technologies, Inc. (AEVA) shares increased by 8.6% to close at $36.43, with a notable trading volume and a 93.8% gain over the past four weeks [1][2] - The company is positioned to benefit from growth in industrial automation, robotics, and autonomous driving, as more businesses adopt robotics for task handling [2] - Aeva is expected to report a quarterly loss of $0.44 per share, reflecting a year-over-year change of +22.8%, with revenues projected at $3.4 million, up 69.2% from the previous year [3] Group 2 - The consensus EPS estimate for Aeva has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] - Aeva Technologies holds a Zacks Rank of 3 (Hold), while Strattec Security (STRT), another company in the same automotive industry, has a Zacks Rank of 1 (Strong Buy) and has seen an 11.1% return over the past month [5][6]

Core Viewpoint - Luminar Technologies experienced a nearly 9% stock price increase following a partnership announcement with Caterpillar, a leading industrial equipment manufacturer, which is a significant development for the company [1][2]. Group 1: Partnership Details - Luminar will develop lidar solutions for an autonomous industrial vehicle that Caterpillar is creating [2]. - The lidar technology will be integrated into Caterpillar's remote Cat Command functionalities, initially focusing on hauling operations in quarry and aggregate work [3]. - Two of Luminar's Iris lidar sensors will be installed in Caterpillar's off-highway trucks to enhance vehicle capabilities [3]. Group 2: Company Statements - Luminar's CEO, Austin Russell, emphasized the company's successful execution in automotive series production, allowing it to expand into adjacent markets [4]. - Russell expressed optimism about the partnership, highlighting the potential to save lives and enhance profitability for Caterpillar's customers globally [4]. Group 3: Financial Aspects - The press release from Luminar did not disclose financial details regarding the Caterpillar arrangement, but the significance lies in securing a partnership with a major manufacturer [5]. - The long-term potential of this partnership could lead to Caterpillar becoming a sustained customer for Luminar if the collaboration proves successful [5].