Hesai secures $40m LiDAR supply deal with US robotaxi firm
China’s Hesai Technology, a provider of light detection and ranging (LiDAR) solutions, has expanded its production agreement with a robotaxi firm based in the US. The agreement, exceeding $40m, ensures product deliveries till the end of 2026. Hesai will supply both long-range and short-range LiDARs to the US firm, whose name was not disclosed. The Chinese LiDAR maker noted that the robotaxi industry is currently undergoing a significant expansion phase, propelled by the progression of Level 4 (L4) auton ...