Hesai Technology has made a groundbreaking announcement. As of mid - November, the 2 millionth LiDAR unit from its cumulative production has come off the production line and been shipped out at the Hesai Maxwell Smart Manufacturing Center. This remarkable feat positions Hesai as the first company globally to reach cumulative mass production and delivery of over 2 million LiDAR units.

Previously, by the end of September, the company's cumulative mass production volume for the year had already surpassed 1 million units. In September alone, its production and delivery figures exceeded 200,000 units for the very first time.

Furthermore, Hesai has dominated the market share rankings for automotive - grade main LiDAR in China for eight consecutive months. In September, its market share soared to 47%.

At present, Hesai Technology has secured mass - production design wins for over 120 vehicle models sourced from 24 OEMs (Original Equipment Manufacturers), with deliveries planned from 2025 to 2027.

Additionally, the Hesai ETX + FTX product combination has also clinched its first mass - production design win for passenger vehicles. Mass production of this combination is anticipated by the end of 2026 or early 2027.