logo
Hesai Lidar Powers WeRide-Uber Autonomous Fleet in Dubai, Backing City's Self-Driving Vision

Hesai Lidar Powers WeRide-Uber Autonomous Fleet in Dubai, Backing City's Self-Driving Vision

Yahoo24-04-2025
PALO ALTO, Calif., April 3, 2025 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotics application, today announced that its lidar solution have been selected by WeRide (NASDAQ: WRD) to power its autonomous vehicles, which will begin operating on Uber Technologies, Inc.'s (NYSE: UBER) platform in Dubai as part of the city's 2030 smart mobility initiative. This marks a key moment in the development of autonomous transportation in the Middle East.
Each of the autonomous vehicles will be equipped with four Hesai automotive-grade long-range lidars. As Dubai aims to transform 25% of all journeys in the city into autonomous trips across various transport modes by 2030, the market represents a significant opportunity for the expansion of autonomous vehicle services and plays a key role in shaping the future of mobility.
Renowned for its safe and reliable performance, WeRide made history in July 2023 by securing the UAE's first national license for self-driving vehicles on public roads—the first national-level driverless license in the Middle East and even globally, covering all types of autonomous vehicles (AVs). WeRide's latest launch in Dubai follows its successful robotaxi launch in Abu Dhabi in 2021.
Jennifer Li, Chief Financial Officer and Head of International Business at WeRide, stated: "Dubai marks a natural step forward in our commitment to advancing mobility in the Middle East as well as our continued global expansion. We believe our advanced autonomous driving technology and operational experience combined with Uber's powerful global mobility platform will help us serve millions of consumers in cities around the world."
"We are thrilled to be a part of the accelerated deployment of L4 autonomous driving technologies worldwide, leveraging our technology to help unlock new possibilities for transportation," said Hesai CEO and Co-Founder David Li. "Our lidar solution was chosen for its ability to deliver exceptional safety and performance in autonomous driving applications, making it an ideal solution to support operations at scale. Our cutting-edge technologies are a key enabler of innovation in autonomous mobility and are directly contributing to Dubai's vision of becoming a global leader in smart transportation."
Hesai and WeRide have been collaborating since 2019, when Hesai's lidars were integrated into the first batch of WeRide's autonomous driving fleets for road testing and operations. In April 2022, Hesai and WeRide entered a new strategic cooperation agreement to promote the application of automotive grade, hybrid solid-state lidar on L4 autonomous vehicles. Together, Hesai and WeRide have achieved significant milestones, including powering China's first commercialized robotaxi service in Guangzhou.
About Hesai
Hesai Technology (Nasdaq: HSAI) is a global leader in lidar solutions. The company's lidar products enable a broad spectrum of applications including passenger and commercial vehicles ("ADAS"), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs ("Robotics"). Hesai seamlessly integrates its in-house manufacturing process with lidar R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. The company operates in over 30 cities across 10 countries, holding driverless permits in China, the UAE, Singapore, France and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune Magazine's 2024 "The Future 50" list.
View original content:https://www.prnewswire.com/news-releases/hesai-lidar-powers-weride-uber-autonomous-fleet-in-dubai-backing-citys-self-driving-vision-302419784.html
SOURCE Hesai Technology
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

3 Inflated Stocks Facing Headwinds
3 Inflated Stocks Facing Headwinds

Yahoo

time13 minutes ago

  • Yahoo

3 Inflated Stocks Facing Headwinds

Great things are happening to the stocks in this article. They're all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase. However, not all companies with momentum are long-term winners, and many investors have lost money by following short-term trends. All that said, here are three stocks getting more buzz than they deserve and some you should buy instead. One-Month Return: +12% Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions (NASDAQ:LIND) offers cruising experiences to remote destinations in partnership with National Geographic. Why Should You Sell LIND? Sales trends were unexciting over the last five years as its 14.9% annual growth was below the typical consumer discretionary company Earnings per share fell by 29.7% annually over the last five years while its revenue grew, showing its incremental sales were much less profitable Negative returns on capital show management lost money while trying to expand the business Lindblad Expeditions is trading at $12.79 per share, or 6.2x forward EV-to-EBITDA. Dive into our free research report to see why there are better opportunities than LIND. One-Month Return: +30.4% Founded in 2013, Tilray Brands (NASDAQ:TLRY) engages in cannabis research, cultivation, and distribution, offering a range of medical and recreational cannabis products, hemp-based foods, and alcoholic beverages. Why Do We Think TLRY Will Underperform? Costs have risen faster than its revenue over the last year, causing its operating margin to decline by 70.1 percentage points Incremental sales over the last three years were much less profitable as its earnings per share fell by 60.5% annually while its revenue grew Increased cash burn over the last year raises questions about the return timeline for its investments At $0.53 per share, Tilray trades at 6.8x forward EV-to-EBITDA. To fully understand why you should be careful with TLRY, check out our full research report (it's free). One-Month Return: +3.7% Built on the principle of giving back unused premiums to charitable causes selected by policyholders, Lemonade (NYSE:LMND) is a technology-driven insurance company that offers homeowners, renters, pet, car, and life insurance through an AI-powered digital platform. Why Is LMND Not Exciting? Earnings growth underperformed the sector average over the last four years as its EPS grew by just 6.3% annually Book value per share tumbled by 184% annually over the last five years, showing insurance sector trends are working against its favor during this cycle Negative return on equity shows management lost money while trying to expand the business Lemonade's stock price of $42.48 implies a valuation ratio of 6.9x forward P/B. Check out our free in-depth research report to learn more about why LMND doesn't pass our bar. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

1 Profitable Stock Worth Investigating and 2 to Turn Down
1 Profitable Stock Worth Investigating and 2 to Turn Down

Yahoo

time13 minutes ago

  • Yahoo

1 Profitable Stock Worth Investigating and 2 to Turn Down

While profitability is essential, it doesn't guarantee long-term success. Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity". Profits are valuable, but they're not everything. At StockStory, we help you identify the companies that have real staying power. Keeping that in mind, here is one profitable company that generates reliable profits without sacrificing growth and two that may face some trouble. Trailing 12-Month GAAP Operating Margin: 18.1% Started by Eric Yuan who once ran engineering for Cisco's video conferencing business, Zoom (NASDAQ:ZM) offers an easy to use, cloud-based platform for video conferencing, audio conferencing and screen sharing. Why Does ZM Give Us Pause? Average billings growth of 5% over the last year was subpar, suggesting it struggled to push its software and might have to lower prices to stimulate demand Customers have churned over the last year due to the commoditized nature of its software, as reflected in its 98% net revenue retention rate Anticipated sales growth of 3% for the next year implies demand will be shaky At $78.29 per share, Zoom trades at 5.1x forward price-to-sales. To fully understand why you should be careful with ZM, check out our full research report (it's free). Trailing 12-Month GAAP Operating Margin: 5.1% With roots dating back to 1859 and a presence in over 100 countries, Diebold Nixdorf (NYSE:DBD) provides automated self-service technology, software, and services that help banks and retailers digitize their customer transactions. Why Are We Hesitant About DBD? Sales tumbled by 2.9% annually over the last five years, showing market trends are working against its favor during this cycle Cash-burning history makes us doubt the long-term viability of its business model Negative returns on capital show management lost money while trying to expand the business Diebold Nixdorf's stock price of $59 implies a valuation ratio of 15x forward P/E. If you're considering DBD for your portfolio, see our FREE research report to learn more. Trailing 12-Month GAAP Operating Margin: 12.3% With security scanners deployed at airports and borders worldwide and patient monitors used in hospitals across the globe, OSI Systems (NASDAQ:OSIS) designs and manufactures specialized electronic systems for security screening, patient monitoring, and optoelectronic applications. Why Are We Positive On OSIS? Impressive 18.5% annual revenue growth over the last two years indicates it's winning market share this cycle Earnings per share grew by 27.4% annually over the last two years, massively outpacing its peers Rising returns on capital show the company is starting to reap the benefits of its past investments OSI Systems is trading at $232.51 per share, or 23.2x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free.

1 Unpopular Stock that Deserves a Second Chance and 2 to Think Twice About
1 Unpopular Stock that Deserves a Second Chance and 2 to Think Twice About

Yahoo

time13 minutes ago

  • Yahoo

1 Unpopular Stock that Deserves a Second Chance and 2 to Think Twice About

When Wall Street turns bearish on a stock, it's worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory. At StockStory, we look beyond the headlines with our independent analysis to determine whether these bearish calls are justified. Keeping that in mind, here is one stock where you should be greedy instead of fearful and two where the skepticism is well-placed. Consensus Price Target: $69.91 (5.3% implied return) Headquartered just outside of Detroit, MI, Masco (NYSE:MAS) designs and manufactures home-building products such as glass shower doors, decorative lighting, bathtubs, and faucets. Why Is MAS Risky? Organic revenue growth fell short of our benchmarks over the past two years and implies it may need to improve its products, pricing, or go-to-market strategy Estimated sales for the next 12 months are flat and imply a softer demand environment Shrinking returns on capital suggest that increasing competition is eating into the company's profitability At $66.38 per share, Masco trades at 15.3x forward P/E. Dive into our free research report to see why there are better opportunities than MAS. Consensus Price Target: $39.33 (3.3% implied return) With roots dating back to 1982 and a strong presence in the Mid-Atlantic region, United Bankshares (NASDAQ:UBSI) is a bank holding company that provides commercial and retail banking services through its United Bank subsidiary across multiple states. Why Are We Wary of UBSI? Sales were flat over the last two years, indicating it's failed to expand this cycle Net interest income trends were unexciting over the last four years as its 6.4% annual growth was below the typical bank company Capital trends were unexciting over the last two years as its 7.3% annual tangible book value per share growth was below the typical bank company United Bankshares's stock price of $38.09 implies a valuation ratio of 1x forward P/B. To fully understand why you should be careful with UBSI, check out our full research report (it's free). Consensus Price Target: $22.89 (-5.6% implied return) Working in stealth mode for eight years, Bloom Energy (NYSE:BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation. Why Do We Love BE? Impressive 14.5% annual revenue growth over the last five years indicates it's winning market share this cycle Incremental sales significantly boosted profitability as its annual earnings per share growth of 68.2% over the last two years outstripped its revenue performance Free cash flow margin is now positive, showing the company has crossed a key inflection point Bloom Energy is trading at $24.24 per share, or 54.1x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store