In the third quarter, Hesai Technology achieved revenue of 540 million yuan, an increase of 21.1% over the previous year. Total quarterly lidar deliveries reached 134,208 units, up 182.9% year on year; of these, ADAS products were delivered 129,913 units, up 220.0% year over year. Thanks to the flywheel effect of a virtuous cycle of cost and scale and development service revenue, the ADAS business and RoboTaxi business combined gross margin for the quarter was 47.7%. As of the third quarter of 2024, Hesai has reached targeted mass-production partnerships with 20 domestic and foreign car manufacturers for 75 models.

In the third quarter, Hesai Technology achieved revenue of 540 million yuan, an increase of 21.1% over the previous year. Total quarterly lidar deliveries reached 134,208 units, up 182.9% year on year; of these, ADAS products were delivered 129,913 units, up 220.0% year over year. Thanks to the flywheel effect of a virtuous cycle of cost and scale and development service revenue, the ADAS business and RoboTaxi business combined gross margin for the quarter was 47.7%. As of the third quarter of 2024, Hesai has reached targeted mass-production partnerships with 20 domestic and foreign car manufacturers for 75 models.