Hesai Group (HSAI) Inks $40M Lidar Supply Deal with Robotaxi Firm

Hesai Group (NASDAQ:HSAI) is one of the best lidar stocks to buy right now. On September 15, the global leader in lidar solutions for autonomous mobility announced the expansion of its production agreement with a leading robotaxi company in the US.

Valued at over $40 million, the new deal encompasses deliveries scheduled to be completed by the end of 2026. The company supplies long-range and short-range lidar, affirming its role as a trusted partner in powering next-generation autonomous cars.

The lidar supply agreement comes as Hesai commands about 61% of the global L4 autonomous driving lidar market share. As the robotaxi market segment continues to expand, Hesai Group is well-positioned to capitalize on emerging opportunities.

“This expanded agreement demonstrates the confidence leading robotaxi companies place in Hesai’s technology, combining performance, high reliability, and scalable manufacturing,” said David Li, Cofounder and CEO of Hesai. “As the industry moves from pilots to scaled deployments, Hesai is proud to deliver lidar solutions that meet the highest standards of quality while enabling safe and reliable driverless mobility at scale.”

Hesai Group (NASDAQ:HSAI) designs and manufactures high-performance lidar sensors for applications in autonomous driving, advanced driver-assistance systems (ADAS), and robotics. The company integrates in-house manufacturing with its research and development to produce high-quality lidar solutions for vehicles, last-mile delivery robots, and industrial robots.

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Disclosure: None. This article is originally published at Insider Monkey.