Hesai Technology has established partnerships with several automobile manufacturers

As of the second quarter of 2024, Hesai Technology has reached mass production cooperation with 19 domestic and foreign automobile manufacturers for more than 70 models. In the overseas market, Hesai Technology has reached cooperation with four global leading automobile manufacturers. At the same time, it has also obtained two new concept verification projects (POC) with global leading automobile manufacturers from Europe, including a well-known top sports car manufacturer. Among them, a domestic mainstream electric vehicle manufacturer has reached a mass production cooperation with Hesai Technology for its flagship model, which currently sells 15,000 units per month. In addition, Hesai Technology has also signed a designated agreement with a leading Chinese electric vehicle manufacturer to exclusively use Hesai's next-generation L3 ultra-high-definition, ultra-long-range, high-performance lidar on all its new models in 2025. In the first six months of 2024, Hesai Technology's total global deliveries of lidars were 145,627 units, a year-on-year increase of 67.5%. Among them, the global total deliveries of ADAS products were 133,235 units, a year-on-year increase of 80.3%.