Today, Hesai Technology (Nasdaq: HSAI), a global leader in lidar solutions, announced a new design win from Toyota, one of the world’s largest automakers. The new energy model, to be manufactured by a joint venture of Toyota based in China, will feature Hesai’s long-range automotive lidar ATX, and is scheduled to enter mass production in 2026.

This Toyota joint venture is accelerating its transition to electrification and intelligence: new-energy models now drive its growth, while its industry-leading advanced driver-assistance systems sets a new pace. Pow…