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Hesai Group (HSAI) Appoints Grab as Exclusive LiDAR Distributor Throughout Southeast Asia

Hesai Group (NASDAQ:HSAI) is one of the best EV stocks to buy according to analysts. On February 4, Hesai Technology and Grab entered into a strategic partnership appointing Grab as the exclusive distributor of Hesai’s LiDAR solutions throughout Southeast Asia. Under this agreement, Grab will manage the sales, marketing, and customer support for Hesai’s sensor technology across the region.

This collaboration aims to combine Hesai’s global leadership in LiDAR manufacturing with Grab’s extensive regional resources and distribution networks to streamline access to these critical hardware components. The partnership is designed to accelerate the adoption of autonomous systems and robotic solutions across various industries, including manufacturing, logistics, and mapping.

Image by drobotdean on Freepik

By securing a reliable supply of LiDAR technology, Grab enhances its own autonomous mobility and mapping capabilities while providing other regional businesses with the tools necessary for 3D intelligence. This initiative addresses a growing demand for AI-powered automation in Southeast Asia, moving LiDAR technology from early-stage validation toward large-scale commercial deployment. By facilitating broader access to this hardware, Hesai Group (NASDAQ:HSAI) and Grab intend to advance ‘Physical and Embodied AI’ across the eight countries where Grab operates.

Hesai Group (NASDAQ:HSAI), through its subsidiaries, develops, manufactures, and sells three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally.

While we acknowledge the potential of HSAI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HSAI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Stocks With Explosive Growth Potential.

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