Welcome to our dedicated page for Hesai Group news (Ticker: HSAI), a resource for investors and traders seeking the latest updates and insights on Hesai Group stock.
Hesai Group (HSAI) specializes in advanced 3D LiDAR technology powering autonomous vehicles, robotics, and industrial systems worldwide. This page provides centralized access to official company announcements and market-moving developments.
Key Resources: Track earnings reports, product innovation timelines, strategic partnerships, and technology certifications. Investors gain insights into Hesai's leadership in automotive-grade sensor solutions while analysts monitor patent activity and global expansion.
Content Focus: Expect detailed coverage of ADAS integration milestones, manufacturing capacity updates, and R&D breakthroughs. All materials are sourced from verified corporate communications to ensure accuracy.
Bookmark this page for structured access to Hesai's evolving role in shaping autonomous mobility ecosystems through cutting-edge environmental perception technology.
Hesai Group (NASDAQ: HSAI) reported Q1 2024 net revenues of RMB359.1 million (US$49.7 million), representing a 16.5% decline from Q1 2023. Lidar shipments totaled 59,101 units, a 69.7% increase year-over-year, with ADAS lidar shipments up 86.1%. Despite increased shipments, the company posted a net loss of RMB106.9 million, a slight improvement from RMB118.9 million the previous year. Gross margin improved to 38.8% from 37.8%. Business highlights include new partnerships with leading global OEMs and the launch of the ATX, an advanced ADAS lidar.
Hesai Group (NASDAQ: HSAI), a leader in lidar solutions, announced the resignation of Louis T. Hsieh from his roles as Global CFO and Board Director for personal and family reasons, effective immediately. Since joining in 2021, Hsieh contributed significantly to the company's business, financial management, capital markets transactions, and corporate governance. Norman Fan, who joined Hesai in 2021 and has a 16-year tenure at Deloitte Touche Tohmatsu CPA LLP, will temporarily oversee Hesai's financial and reporting functions.
Hesai Group, a global leader in lidar solutions, will report its first quarter 2024 unaudited financial results on May 20, 2024, after the U.S. markets close. An earnings conference call is scheduled for 9:00 PM ET the same day.
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