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NEWS
Hesai and SAIC Volkswagen Sign New Partnership on Automotive Lidar Program
SHANGHAI, Oct. 1, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology, announced today the signing of a cooperation framework with SAIC Volkswagen.
The cooperation will establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core.
SAIC Volkswagen Automobile Co., Ltd. is a Sino-German joint venture operated by SAIC Group and Volkswagen Group. Formed in October 1984, SAIC Volkswagen was one of the first automotive joint ventures in China and has maintained strong market competitiveness over the past 40 years. SAIC Volkswagen sold 1.2 million cars in 2023, and the cumulative car sales from January to August of this year is nearly 700,000.
Hesai Technology is the global leader in lidar products and technology. It integrates the manufacturing process of lidar into the R&D design process, ensuring high performance, high reliability and cost-effectiveness while promoting rapid product iteration. Hesai is also the industry leader in global patents and has accumulated more than 1,700 patents and patent applications worldwide to date.
The cooperation will establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core.
SAIC Volkswagen Automobile Co., Ltd. is a Sino-German joint venture operated by SAIC Group and Volkswagen Group. Formed in October 1984, SAIC Volkswagen was one of the first automotive joint ventures in China and has maintained strong market competitiveness over the past 40 years. SAIC Volkswagen sold 1.2 million cars in 2023, and the cumulative car sales from January to August of this year is nearly 700,000.
Hesai Technology is the global leader in lidar products and technology. It integrates the manufacturing process of lidar into the R&D design process, ensuring high performance, high reliability and cost-effectiveness while promoting rapid product iteration. Hesai is also the industry leader in global patents and has accumulated more than 1,700 patents and patent applications worldwide to date.
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