Hesai Technology has been named the exclusive lidar supplier for Li Auto’s next-generation assisted driving platform. The agreement covers all upcoming models, including the “L” Series, “i” Series, and “MEGA,” marking a major expansion of their long-term collaboration.

The partnership focuses on strengthening Li Auto’s smart driving capabilities through Hesai’s advanced lidar technology. Hesai ( HSAI ) will continue providing its high-precision perception systems, reinforcing its leadership role in intelligent mobility solutions.

Li Auto ( LI ), one of China’s leading premium electric vehicle manufacturers, has delivered more than 1.46 million vehicles as of October 31, 2025. Since May, all new Li Auto ( LI ) models have included lidar as standard equipment, underscoring the company’s focus on improving driver safety and vehicle intelligence.

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Since partnering in 2021, Hesai ( HSAI ) and Li Auto ( LI ) have co-developed and mass-produced automotive-grade lidar systems, with Hesai’s AT series enhancing driver-assistance performance across complex road scenarios.

Their renewed agreement aims to accelerate global adoption of advanced driver-assistance systems (ADAS), supporting safer and more efficient transportation.

Financial Highlights

Hesai ( HSAI ) reported strong results for the third quarter of 2025. Adjusted earnings per share came in at 28 cents, compared with a loss of 5 cents a year earlier. Revenue reached $111.7 million (795.4 million Chinese yuan), up from $76.9 million in 2024, while net income rose to 256.2 million yuan (about $36 million).

The company shipped 441,398 lidar units, reflecting strong demand from automakers and improved production efficiency. Management said ongoing investment in advanced perception systems and long-term supply deals are positioning Hesai ( HSAI ) for continued growth as the global market for driver-assistance technologies expands.

Price Action: HSAI shares were trading higher by 1.17% to $23.33 at last check Tuesday.

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