Hesai Group Sponsored ADR (HSAI) has released an update.
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Hesai Group, a global leader in lidar technology, reported first quarter 2024 revenues of RMB359.1 million, surpassing forecasts despite a downturn in the robotaxi business. The company saw a significant uptick in lidar shipments, totaling 59,101 units, marking a strategic advancement with new partnerships and product launches. Amidst robust demand for its ADAS lidar products, Hesai remains focused on innovation and cost management to target profitability by the year’s end.
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