Hesai Technology's 2024 full-year performance outlook: revenue growth of 50%-70% year-on-year, gross profit margin maintained at 30%-35%

Hesai Technology is confident about its performance in 2024, and expects full-year revenue to reach US$400-450 million, a year-on-year increase of 50%-70%. In terms of gross profit margin, Hesai Technology expects it to maintain at 30%-35%. In addition, Hesai Technology also expects the revenue share of ADAS business to increase from less than 40% in 2023 to 60% in 2024.