Hesai selected as exclusive lidar supplier for Motional robotaxis

PALO ALTO - Hesai Technology (NASDAQ:HSAI) has been formally recognized as the exclusive short-range lidar supplier for Motional’s all-electric IONIQ 5 robotaxi, according to a company press release issued Thursday. The company has shown remarkable market performance, with its stock surging nearly 87% year-to-date, according to InvestingPro data.

The announcement formalizes a partnership that has been in place for over two years between the lidar solutions provider and Motional, a developer of Level 4 autonomous vehicles for on-demand mobility applications.

Lidar technology functions as the "eye" of autonomous vehicles, providing critical safety capabilities. Hesai’s systems have received certifications from third-party security assessments, including those from TÜV Rheinland and DEKRA.

The company has obtained ISO/SAE 21434 certification for cybersecurity, ISO 21448 certification for intended functional safety processes, and ISO 26262 certification for functional safety of products.

"We are honored to support Motional’s mission to scale safe and reliable robotaxis," said Bob in den Bosch, SVP of Global Sales at Hesai.

Hesai currently maintains business operations across the United States, Europe, and Asia, with customers in more than 40 countries. The company stated it will continue working with global OEMs to integrate its lidar technology into new vehicles.

Motional, which develops autonomous driving systems using advanced AI including embodied foundation models, has partnerships with ride-hail networks and has introduced its autonomous ride services to hundreds of thousands of consumers.

In other recent news, Hesai Group reported strong financial results for the first quarter of 2025, with a 46% increase in revenue year-over-year, reaching RMB 525.3 million. The company also significantly reduced its net loss by 84%, bringing it down to RMB 70.5 million. Additionally, Hesai Group achieved a substantial increase in shipments, with nearly 200,000 units shipped, marking a 300% rise compared to the previous year. In further developments, Hesai Group announced it has received a regulatory notice from the China Securities Regulatory Commission for a proposed global offering and dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong Kong Limited. The company plans to proceed with the offering and listing pending necessary approvals and favorable market conditions. These recent developments highlight Hesai Group’s growth trajectory and strategic initiatives.

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