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Hesai Technology has partnered with SAIC Volkswagen to integrate its advanced lidar technology into upcoming automotive projects. This collaboration aims to build a new ecosystem in the automotive industry, leveraging the strengths of both companies.
Key Highlights:
- SAIC Volkswagen, a Sino-German joint venture between SAIC Group and Volkswagen Group, was established in October 1984 and has maintained strong market competitiveness for nearly 40 years.
- SAIC Volkswagen sold 1.2 million cars in 2023, with cumulative sales from January to August this year nearing 700,000 units.
- Hesai Technology is the global leader in lidar products and technology, with over 1,700 patents and patent applications worldwide.
- According to the Lidar for Automotive 2024 report by Yole Intelligence, Hesai holds a 74% market share in the global robotic car lidar market.
- As of the second quarter of 2024, Hesai has delivered over 470,000 lidar units to customers.
SAIC Volkswagen Automobile Co., Ltd. is a longstanding joint venture between SAIC Group and Volkswagen Group, playing a significant role in China’s automotive industry since its inception in 1984. The company has consistently demonstrated strong market competitiveness, with 1.2 million cars sold in 2023 alone. From January to August of the current year, sales have already reached nearly 700,000 units, underscoring the company’s robust performance.
Hesai Technology stands at the forefront of lidar innovation, integrating manufacturing processes into research and development to ensure high performance, reliability, and cost-effectiveness. The company leads the industry in global patents, amassing more than 1,700 patents and patent applications worldwide to date.
The partnership between Hesai and SAIC Volkswagen signifies a strategic move to enhance automotive technologies through advanced lidar integration. According to the Lidar for Automotive 2024 report by Yole Intelligence, an international market research and strategy consulting firm, Hesai is ranked No. 1 in the robotic car lidar market globally, commanding a 74% market share. Among the top ten autonomous driving companies worldwide, nine utilize Hesai’s 360° high-performance lidar.
As of the second quarter of 2024, Hesai has delivered over 470,000 lidar units to customers, reflecting its significant impact on the autonomous driving and robotics industries.
By combining SAIC Volkswagen’s extensive experience in automobile manufacturing with Hesai’s cutting-edge lidar technology, the partnership is poised to advance the development of intelligent vehicles and contribute to the evolution of the automotive industry.
The collaboration between Hesai Technology and SAIC Volkswagen represents a significant step towards the integration of advanced lidar systems in mainstream automotive production. This partnership is expected to foster innovation and accelerate the adoption of autonomous driving technologies, ultimately shaping the future of mobility.
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