Hesai Group Sponsored ADR ( (HSAI) ) has shared an update.
Hesai Group reported its unaudited financial results for the fourth quarter and full year of 2024, highlighting record-breaking lidar shipments and significant revenue growth. The company achieved over 500,000 lidar unit shipments in 2024, marking a substantial increase from the previous year, and became the first lidar company to achieve full-year non-GAAP net profits. Hesai secured exclusive design wins with major automotive manufacturers and expanded its footprint in the robotics market, forecasting continued growth and industry leadership in 2025.
More about Hesai Group Sponsored ADR
Hesai Group is a leading company in the lidar industry, specializing in three-dimensional light detection and ranging solutions. The company focuses on providing lidar technology for automotive applications, particularly in advanced driver-assistance systems (ADAS) and robotics, contributing to intelligent driving and automation.
YTD Price Performance: -0.74%
Average Trading Volume: 3,374,539
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.04B
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