Hesai Lidar in Upcoming Neta Vehicle

PALO ALTO, Calif.– Hesai Technology (Nasdaq: HSAI) announced an ADAS (advanced driver-assistance systems) lidar design win with Neta Auto’s new vehicle. Hesai will supply ultra-high resolution long range lidar AT128 for Neta Auto’s upcoming vehicle model which is expected to launch in the first half of 2025.

Neta Auto is a leader in the smart EV industry. The company is committed to making high-quality smart EV accessible to consumers worldwide. Despite intense market competitions in 2023,

Neta Auto has maintained a monthly sales volume of more than 10,000 units, firmly establishing itself as a leading EV automaker. By September 2023, it has accumulated a substantial user base of nearly 350,000 customers.

Neta Auto, part of Shanghai-based Hozon New Energy Automobile Co., Ltd, also has the highest monthly registrations for electric vehicles in Thailand in 2023 and has begun construction on its first Thailand factory.

Neta Auto’s international footprint spans across ASEAN, South America, and the Middle East, with offices in China, Europe, Thailand and Indonesia. Neta Auto also confirmed its plan to establish an international headquarter in Hong Kong, further deepening Neta Auto’s presence.

Zhang Yong, co-founder and CEO of Neta Auto, said: “Hesai is a global leader in lidar solutions for autonomous mobility and ADAS vehicles. It is also a vital strategic partner in Neta Auto’s ongoing innovation in the intelligent driving sector. This collaboration featuring Hesai’s AT128 will effectively upgrade the new series production vehicle by enhancing NETA PILOT’s advanced intelligent driving system. I believe our cooperation will yield fruitful results and promote autonomous driving solutions to be used in more scenarios.”

David Li, co-founder and CEO of Hesai, said: “Neta Auto is an emerging force in the EV sector, having achieved numerous accomplishments in areas such as automotive intelligence, global expansion, market orientation, and customer services.

“We are glad to reach partnership with Neta Auto, and together we are committed to achieve breakthroughs in intelligent driving for its new series production vehicle. Our joint efforts will provide Neta Auto’s consumers with a safer, more comfortable, and highly efficient driving experience.”

As a global leader in the lidar industry, Hesai prides itself on delivering high-performance, highly reliable, and affordable products. Its automotive-grade lidars enable a broad spectrum of applications including ADAS passenger and commercial vehicles, and autonomous driving vehicles.

As of the second half of 2023, Hesai has delivered more than 190,000 lidar units, showcasing its outstanding mass production and delivery capabilities.


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