SenseTime’s smart car segment revenue fell 30.5%

SenseTime's smart car segment saw revenue decline 30.5% year-on-year to RMB 84 million in the first half of 2023. People familiar with the matter revealed that although SenseTime has a large number of mass-produced models, most of them are cockpit algorithms. Due to fierce market competition and low prices, it has a high market share but low total revenue.