#china-us-tensions

#china-us-tensions

The company's automotive efforts have been buoyed by the Chinese car market's adoption of lidar sensors, which Hesai said is now in 25% of new electric cars sold in the country. It also claimed that many new vehicles in China are expected to integrate between three to six lidar sensors per car, "significantly expanding Hesai's addressable market." Hesai boasts 24 automotive customers, including a "top European" automaker, and said it has 4 million orders for its newest ATX lidar sensor.