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.
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