Hesai Group Sponsored ADR (HSAI) has released an update.
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Hesai Group’s third quarter of 2024 showcased impressive growth, with a significant rise in lidar shipments and revenues reaching RMB539.4 million (US$76.9 million). The company continues to expand globally, securing key partnerships and introducing its flagship OT128 lidar product, which has gained traction across multiple industries. With a new CFO, Andrew Fan, onboard, Hesai is well-positioned to achieve record-breaking results in the fourth quarter, projecting substantial increases in both shipments and profitability.
For further insights into HSAI stock, check out TipRanks’ Stock Analysis page.
