Hesai Announces ADAS Lidar Design Win with Neta Auto's New Series Production Vehicle

11 October 2023

Today, Hesai Technology (Nasdaq: HSAI) has announced a significant achievement with a design win for their ADAS (Advanced Driver Assistance Systems) lidar technology in Neta Auto's forthcoming series production vehicle. Hesai will provide Neta Auto with their AT128 ultra-high-resolution long-range lidar technology. This new vehicle model is anticipated to be launched in the first half of 2025.

Neta Auto is a prominent player in the smart electric vehicle (EV) industry. The company is dedicated to making high-quality smart EVs accessible to consumers on a global scale. In a highly competitive market in 2023, Neta Auto has consistently maintained a monthly sales volume exceeding 10,000 units, solidifying its position as a leading EV manufacturer. By September 2023, the company had amassed an extensive user base of nearly 350,000 customers. In the same year, Neta Auto achieved the highest monthly EV registrations in Thailand and initiated the construction of its first factory in Thailand. Furthermore, Neta Auto has a notable international presence across ASEAN, South America, and the Middle East, with operational offices in China, Europe, Thailand, and Indonesia. In line with its global aspirations, Neta Auto is also planning to establish an international headquarters in Hong Kong.

Recognizing the shifting and diversifying consumer demands, Neta Auto is placing a strong emphasis on technological innovation to deliver high-quality smart mobility experiences to consumers. In 2022, the company introduced the "NNP" highway navigation assistance feature to the Neta S model, enhancing the intelligent driving capabilities available to consumers. Neta Auto's forthcoming series production vehicle will showcase its latest advancements in intelligent driving functions.