Hesai Group Sponsored ADR (HSAI) has released an update.
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Hesai Group, a global leader in lidar technology, has reported a solid financial performance in Q2 2024, with a 66.1% increase in total lidar shipments reaching 86,526 units and a significant reduction in net loss. The company’s net revenues hit RMB458.9 million, driven by robust demand for ADAS lidar products and a strong gross margin of 45.1%. Additionally, Hesai has been recognized as the top automotive lidar company by market share for the third consecutive year, and it continues to lead in the robotaxi and ADAS markets.
For further insights into HSAI stock, check out TipRanks’ Stock Analysis page.
