Blacklisted lidar giant Hesai eyes US expansion with 33% share
- Source
- CNBC
- Time
- 5:30 AM
- Weight
- 95/100
Hesai Technology, a Shanghai-based lidar manufacturer, is significantly expanding its footprint in the United States despite being blacklisted by the U.S. Department of Defense as a Chinese military entity.
The company currently holds a 33% share of the global automotive lidar market and has strengthened its presence through a major partnership with Nvidia. This collaboration allows Hesai sensors to be integrated into Nvidia’s autonomous vehicle platforms, which are utilized by various automotive and robotics firms.