Overview

• Hesai Group has signed an exclusive multi-year contract with Mercedes-Benz to supply lidar sensors for the automaker's next-generation vehicles, including both electric and internal combustion models.
• This deal represents the first time a major European automaker has chosen a Chinese lidar supplier for vehicles sold outside of China, highlighting Hesai's competitive pricing and scalable production capabilities.
• Hesai's lidar technology, which uses lasers to create 3D images for navigation, will play a key role in enhancing smart driving and safety features in Mercedes' global vehicle lineup.
• The Shanghai-based company anticipates a tenfold increase in profits this year, driven by this partnership and ongoing talks with other global automakers, with significant revenue expected by 2027.
• Hesai is expanding its production capacity to over 2 million units annually and plans to establish overseas manufacturing facilities to address concerns over tariffs and logistics for international clients.