Hesai Expertise (NASDAQ:HSAI) has been named the unique lidar provider for Li Auto’s (NASDAQ:LI) next-generation assisted driving platform. The settlement covers all upcoming fashions, together with the “L” Sequence, “i” Sequence, and “MEGA,” marking a significant enlargement of their long-term collaboration.
The partnership focuses on strengthening Li Auto’s good driving capabilities by Hesai’s superior lidar know-how. Hesai will proceed offering its high-precision notion techniques, reinforcing its management function in clever mobility options.
Li Auto, one in every of China’s main premium electrical car producers, has delivered greater than 1.46 million automobiles as of October 31, 2025. Since Might, all new Li Auto fashions have included lidar as normal gear, underscoring the corporate’s deal with enhancing driver security and car intelligence.
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Since partnering in 2021, Hesai and Li Auto have co-developed and mass-produced automotive-grade lidar techniques, with Hesai’s AT sequence enhancing driver-assistance efficiency throughout advanced highway situations.
Their renewed settlement goals to speed up international adoption of superior driver-assistance techniques (ADAS), supporting safer and extra environment friendly transportation.
Monetary Highlights
Hesai reported sturdy outcomes for the third quarter of 2025. Adjusted earnings per share got here in at 28 cents, in contrast with a lack of 5 cents a 12 months earlier. Income reached $111.7 million (795.4 million Chinese language yuan), up from $76.9 million in 2024, whereas internet earnings rose to 256.2 million yuan (about $36 million).
The corporate shipped 441,398 lidar models, reflecting sturdy demand from automakers and improved manufacturing effectivity. Administration stated ongoing funding in superior notion techniques and long-term provide offers are positioning Hesai for continued development as the worldwide marketplace for driver-assistance applied sciences expands.
Value Motion: HSAI shares had been buying and selling increased by 1.17% to $23.33 eventually examine Tuesday.
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