Hesai Group Chosen as Exclusive Lidar Supplier for Motional

Hesai Group has been chosen as the exclusive Lidar supplier for Motional, a leading autonomous vehicle company. Hesai Group provides 3D LiDAR solutions for ADAS and autonomous vehicles, with products including AT series, FT series, and Pandar series. The company operates through two segments: LiDAR and gas detection. Its products are widely used in passenger cars and commercial vehicles, and are sold in domestic and overseas markets.

Hesai Group, a leading provider of three-dimensional light detection and ranging (LiDAR) solutions, has been selected as the exclusive lidar supplier for Motional, a prominent player in the autonomous vehicle sector. This strategic partnership, formalized over two years ago, underscores Hesai's commitment to delivering high-performance, reliable 3D lidars that enable autonomous mobility [1].

Motional, known for developing Level 4 autonomous vehicles for on-demand mobility applications, has chosen Hesai's lidar technology as a core safety component for their IONIQ 5 robotaxi. The partnership highlights Hesai's industry-leading data security certifications, including ISO/SAE 21434 for cybersecurity, ISO 21448 for intended functional safety processes, and ISO 26262 for product functional safety. These certifications are crucial for automotive-grade components, especially those enabling autonomous functionality [1].

Hesai's competitive edge lies in its safety and security certifications, making it the first lidar company globally to obtain these three critical certifications. The partnership with Motional, a company with established ride-hail network relationships, provides Hesai with a high-profile customer implementation showcasing their technology's reliability. Motional's robotaxis have already introduced hundreds of thousands of consumers to autonomous rides, indicating a production-scale deployment rather than a mere testing relationship [2].

This formalized partnership enhances Hesai's credibility in the autonomous driving ecosystem, potentially positioning the company to secure additional OEM relationships across its 40-country footprint. For investors, this relationship demonstrates Hesai's ability to meet the rigorous requirements of production autonomous vehicles and suggests stable, recurring revenue from this customer relationship [1, 2].

Hesai Group operates through two segments: LiDAR and gas detection. Its products, including the AT series, FT series, and Pandar series, are widely used in passenger cars and commercial vehicles supporting advanced driver assistance systems (ADAS) and autonomous vehicles. The company conducts business in both domestic and overseas markets [3].

References:
[1] https://www.stocktitan.net/news/HSAI/hesai-selected-as-exclusive-short-range-lidar-supplier-for-motional-jwurw7w43md0.html
[2] https://finance.yahoo.com/news/hesai-selected-exclusive-short-range-130000056.html
[3] https://www.marketscreener.com/news/william-o-neill-initiates-coverage-on-hesai-group-with-buy-rating-ce7c50ddd980f423