Recently, Hesai Technology (listed as HSAI.US on the US stock market and with the stock code HKEX: 2525 on the Hong Kong Stock Exchange) has entered into a strategic partnership with Meituan Drones. The company's second - generation pure solid - state perception and positioning LiDAR, named the FTX, has officially been selected by Meituan Drones for designated large - scale production. This move represents a significant fusion of LiDAR technology with low - altitude logistics scenarios, effectively driving forward the industrialization of the low - altitude economy.

Compared to the previous generation, the resolution of Hesai's FTX has more than doubled. Moreover, it has undergone substantial optimizations in terms of size and weight. These improvements have made it easier and less costly to integrate the LiDAR into drones. With its ultra - wide field of view, the FTX can accurately detect small obstacles, significantly enhancing environmental perception capabilities even in unfavorable weather conditions. Mass production and delivery of the FTX are scheduled for 2026.

According to a research report from Huachuang Securities, as a global frontrunner in the LiDAR industry, Hesai is well - positioned to reap the benefits of the progress in L2+/L3/L4 regulations. It is highly likely that the company will continue to gain market share both in the domestic and international markets, achieving rapid scale expansion. In the meantime, the robot LiDAR industry holds immense potential. Hesai anticipates that its robot LiDAR shipments will reach 200,000 units by 2025, and it is poised to become the company's second major growth driver.