Baidu Chooses Hesai as Exclusive Long-Range Lidar Provider for Next-Generation Robotaxis
07/18/24, 12:21 PM
Location
Money
$300 million
Industry
robotics
manufacturing
software
Type
contract
Hesai Technology has been selected by Baidu, Inc. to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. The estimated $200-300 million lidar deal is based on Baidu's plans to deploy 100,000 robotaxi vehicles in China, marking the first widespread application of robotaxi in the Chinese market.
Company Info
Location
palo alto, california, united states
Additional Info
Hesai is the global leader in three-dimensional light detection and ranging (lidar) solutions. The Company's lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. The Company's commercially validated solutions are backed by superior research and development capabilities across optics, mechanics, electronics, and software. Hesai integrates lidar designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance, consistent quality, and affordability. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 40 countries as of December 31, 2023.