11:11 AM EST, 12/05/2024 (MT Newswires) -- Hesai ( HSAI ) said Thursday it will exclusively supply long-range light detection and ranging, or lidar, products to Changan Automobile's new intelligent driving platform.

The order volume for the ATX compact lidar is expected to be over 1.5 million units during the next few years, the company said.

Financial details weren't provided.

Hesai ( HSAI ) said it will supply the products to over 10 vehicle models from several Changan brands, with the first model slated to start mass production in H2 2025.

Hesai ( HSAI ) shares were down 3.4% in recent trading.

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