Hesai Technology has secured an expanded production agreement with a U.S.-based robotaxi company worth over $40 million. This exclusive deal ensures the supply of long-range and short-range lidar solutions until the end of fiscal 2026. The Chinese tech company highlighted the importance of lidar technology in advancing Level 4 autonomous driving, crucial for safe and reliable driverless operations in busy city environments. David Li, CEO of Hesai, emphasized the trust placed in their technology by leading robotaxi firms, acknowledging the role of their lidar solutions in enabling scalable and safe driverless mobility.

Read more at Nasdaq MarketSite: Hesai Technology Inks $40 Mln Deal With U.S Robotaxi Co. For Lidar Solutions Supply