The Chinese lidar manufacturer Hesai to open the first work in overseas is aimed at starting production in 2026

• Hesai will break the ground in his first overseas project by the end of this year. Production is called up for 2026 according to Financial Times.
• Hesai said last week that Mercedes-Benz, according to reports, according to a top European automotive-oem reports.

The Hesai Group (Nasdaq: HSAI), China's largest Lidar manufacturer, plans to open its first factory in overseas next year, as customers are demanding to avoid geopolitical tensions, as a report shows yesterday in the Financial Times.

“After the global supply program, we hope to speed up our production in overseas … which is an inevitable step towards our global ambitions,” Hesai Cfo Andrew fan told the Financial Times.

He said Hesai would break the ground with his first overseas project by the end of this year, with the aim of starting production in 2026.

The facility will create “hundreds of jobs on site”, said Fan, but, according to the report, rejected it to disclose the location of the project.

“Our customers who hope to spread the risks have found it as a clever approach,” said Fan, adding that a diversified supply chain can also protect against potential logistical disorders.

In a statement on March 12, Hesai said that it had entered a striking, several years of exclusive pension partnership with a top European OEM (original equipment manufacturer) without mentioning the car manufacturer by name.

The LIDAR manufacturer delivers the next generation of the next generation of the next generation of the next generation of ultra long-haul routes and, according to the statement, covers a number of models in the arrays of the fuel and new energy cult (NEV).

According to a Reuters report on March 11, the German luxury automobile manufacturer Mercedes-Benz Hesai's lidar sensors will use to develop smart trucks for the global market.

This is the first time that a foreign car manufacturer has tried to apply this technology produced by Chinia to models that were sold outside China, as the Reuters reported.

From February, Hesai had participated with 22 domestic and foreign car manufacturers with 22 domestic and foreign car manufacturers from February.

In 2024, Hesai recorded a net result of around 13.7 million RMB (USD 1.9 million) and the operational cash flow of 63 million RMB. This makes Lidar to the world's first listed Lidar manufacturer to publish a whole year of profitability and positive operational cash flows.

The company's lidar deliveries reached 501,900 units in 2024, which was an increase of 126 percent compared to the previous year.

In 2025, Hesai led to lidar programs from 1.2 million to 1.5 million units, which rose from 139 to 200 percent compared to the previous year.

Adas (Advanced Triver Assistance System) Lidar will make up more than 80 percent with a target of 200,000 robot -eyelid programs.

Hesai to supply Mercedes-Benz with automotivearies, it says in the report