Hesai Intelligence 2024 Q3 Financial Report Highlights

In its third-quarter 2024 financial report, Hesai Intelligence showed that the company's gross profit reached 47.7%, compared with only 30.6% in the same period last year. This substantial improvement has reduced the company's net loss from 141.8 million in the same period last year to 70.4 million. In addition, the company also predicts that it will deliver 200,000 LiDARs in the fourth quarter, which will bring its revenue to 100 million US dollars and profit to 20 million US dollars. If Hesai Intelligence can achieve this goal, it will become the first company in the global automotive LiDAR industry to achieve full-year profitability.