In a strategic move to advance its autonomous driving ambitions, Li Auto has officially named Hesai Technology as the sole lidar supplier for its innovative, next-generation assisted driving platforms. This significant agreement extends across all future vehicle releases, including the highly anticipated 'L' Series, 'i' Series, and 'MEGA' models, solidifying an already robust long-term alliance between the two companies.
This expanded partnership is set to dramatically enhance Li Auto's intelligent driving functionalities through the integration of Hesai's cutting-edge lidar technology. Hesai, a recognized leader in intelligent mobility solutions, will continue to supply its high-precision perception systems, further cementing its pivotal role in the evolution of automotive safety and autonomy. As of October 31, 2025, Li Auto, a prominent Chinese electric vehicle manufacturer, has successfully delivered over 1.46 million vehicles. Since May, all new Li Auto models have incorporated lidar as a standard feature, underscoring the company's unwavering dedication to elevating driver safety and vehicle intelligence to new heights.
The collaboration, initiated in 2021, has seen Hesai and Li Auto jointly develop and mass-produce automotive-grade lidar systems, with Hesai's AT series significantly boosting driver-assistance performance in diverse and complex road environments. This renewed commitment is poised to accelerate the global proliferation of advanced driver-assistance systems (ADAS), contributing to the realization of safer and more efficient transportation worldwide. Hesai's recent financial disclosures reveal impressive growth, with adjusted earnings per share reaching 28 cents in the third quarter of 2025, a substantial increase from a loss of 5 cents in the previous year. Revenue soared to $111.7 million, up from $76.9 million in 2024, and net income climbed to 256.2 million yuan (approximately $36 million). The company also reported shipping a remarkable 441,398 lidar units, driven by strong demand from automakers and enhanced production efficiencies. Leadership at Hesai attributes this sustained growth to ongoing investments in advanced perception technologies and strategic long-term supply agreements, positioning the company favorably within the expanding global market for driver-assistance solutions.
The synergistic efforts between Li Auto and Hesai exemplify a forward-thinking approach to automotive technology. By focusing on innovation and seamless integration, they are not only redefining vehicle safety and intelligence but also contributing to a future where transportation is inherently more secure and efficient for everyone. Their commitment to pioneering advanced solutions serves as an inspiring beacon for the entire industry, driving progress towards a more connected and autonomous world.