Powered by Hesai’s cutting-edge fourth-generation chip architecture, the ATX LiDAR features a fully upgraded optical engine and enhanced laser transmit-receive modules.
In Q2 2025, Hesai generated RMB 710 million ($97.2 million) in revenue, up 53.9 % year-on-year and marking the fifth consecutive quarter of growth.
On August 15, Hesai Technology announced that it has secured a mass production designation from a joint venture brand under Toyota Motor Corporation. Its NEV models will be equipped with Hesai’s compact ultra-HD long-range lidar ATX, with mass production set to begin in 2026.
The Hesai ATX incorporates Hesai’s cutting-edge fourth-generation chip architecture technology. It features comprehensive upgrades in opto-mechanical design and laser transceiver modules, achieving an optimal combination of compact size and powerful performance.
Currently, the ATX has secured mass production designations for multiple vehicle models from several leading OEMs. It has also been designated as the standard configuration for numerous customers’ mass production models planned for 2025–2026, becoming a key weapon for Hesai in targeting the premium market.
Hesai also released Q2 2025 results the same day.
Revenue climbed 53.9% YoY to RMB 710 million ($ 97.2 million), marking the fifth consecutive quarter of growth, while net profit reached RMB 44.1 million ($ 6 million), turning around from a RMB 72.1 million ($9.9 million) loss a year earlier.
Deliveries surged:
- Total LiDAR: 352,095 units (up 306.9%)
- ADAS: 303,564 units (up 275.8%)
- Robotics: 48,531 units (up 743.6%)
Notably, Hesai shipped a total of 547,913 units in the first half of 2025, already exceeding its full-year 2024 volume. Robotics LiDAR deliveries alone soared nearly 700 % year-on-year, emerging as the company’s second growth engine.
On the market-expansion front, Hesai has recently secured design wins for twenty new vehicle models from nine leading OEMs, including a platform-level partnership for multiple 2026 models with one of the top-two global ADAS customers. Internationally, its program with a premium European automaker has entered the C-sample phase, keeping the 2026 mass-production timeline firmly on track.
The Toyota-affiliated brand—widely believed to be GAC-Toyota or FAW-Toyota—has chosen new-energy vehicles as its growth catalyst and is now charging full-speed into the intelligent-driving arena. By rolling out advanced driver-assistance features and deepening local R&D, the brand aims to create a seamless fusion of global standards with China-born innovation.
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