RoboSense announces full-year results for 2023

RoboSense's total revenue in 2023 reached 1.12 billion yuan, a year-on-year increase of 111.2%, of which ADAS product revenue reached 777 million yuan, a year-on-year increase of 384.6%. The company has reached mass production orders with 22 automobile OEMs and Tier 1 suppliers, involving 63 models. The sales volume of automotive LiDAR in 2023 was about 243,000 units, a year-on-year increase of 558.5%. RoboSense has expanded its business to the robotics and other non-automotive industry markets, serving approximately 2,400 customers. In 2023, the company's sales revenue from LiDAR products in robotics and other industries was approximately 186 million yuan.