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flag Hesai Technology secures a major contract with a European carmaker, marking a significant milestone in the automotive lidar industry.

flag Hesai Technology, a leading Chinese LiDAR company, secured a major multi-year contract with a top European OEM to supply advanced lidar technology for both ICE and EV models. flag This marks the largest global program in the automotive lidar industry. flag Hesai also reported its first full-year profitability in 2024, with a 126% increase in annual revenue and plans for significant growth in 2025, projecting revenues between 3 billion and 3.5 billion yuan.

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