Hesai Technology 2024 Outlook

Hesai Technology has made an outlook for 2024, and expects revenue in 1Q24 to be between RMB 320 million and RMB 350 million, with shipments exceeding 50,000 units. Revenue and shipments are expected to increase significantly in 2Q24, with 13 new SOP models and 6 new SOP car companies, driving total LiDAR shipments to triple to 150,000 units.