Hesai (HSAI) Technology announced that its lidar solution will power Apollo Go’s landmark expansion into Dubai, accelerating the global adoption of safe and intelligent driverless solutions. The announcement follows the exclusive agreement signed between Hesai and Baidu Apollo in July 2024. The fleet is expected to scale to 1,000 vehicles, demonstrating the reliability and performance of Hesai’s lidar technology in enabling L4 autonomous driving in complex environments. Apollo Go’s RT6 robotaxis have already achieved impressive operational efficiency in China with a 60% cost reduction compared to previous generations.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSAI:
- Hesai announces partnership with Chery Automobile’s new energy brand iCAR
- Hesai issues statement in response to short-seller report
- Hesai down 7% after Blue Orca calls ‘scam’ in short report
- Hesai Group put volume heavy and directionally bearish
- Blue Orca Capital short Hesai, calls company ‘a Nasdaq-listed Chinese scam’