Hesai Technology (NASDAQ: HSAI) saw its stock dwindle at Monday’s open. The global leader in lidar solutions announced that it has entered into a strategic partnership with Westwell, a global provider in autonomous driving solutions, to provide lidar in applications including autonomous driving, industrial robots, heavy machinery, and smart cities.
Westwell’s autonomous driving solutions will be equipped with Hesai’s advanced lidar products and serve over 200 corporate clients across 20 countries. Westwell’s collaboration with Hesai will also bring higher productivity to the supply chain, significantly enhancing efficiency and quality while reducing carbon emissions on a global scale.
Hesai’s lidars are already integrated into several of Westwell’s solutions, including their new energy-efficient autonomous driving Q-Trucks and Q-Tractors. Westwell has the largest fleet of Q-Trucks at Felixstowe Port in the United Kingdom and has deployed Q-Tractors to support Hong Kong’s largest independent air cargo operator, Hong Kong Air Cargo Terminals Limited (HACTL). Their Q-Trucks are also used in advanced manufacturing plants to improve transport efficiency and green carbon reduction.
Westwell’s R&D team uses a multi-sensor approach, equipping multiple Hesai’s XT32 and AT128 lidarsfor each of their vehicles, ensuring precise operations across various scenarios. Westwell’s autonomous driving Q-Trucks and E-Trucks use Hesai’s XT32 mid-range lidar, with impressive 5 mm range precision.
HSAI shares dropped seven cents, or 1.4%, to $4.52.
