Beijing (Gasgoo)- On November 26, LiDAR tech company Hesai Technology released its unaudited financial results for the third quarter (Q3) of 2024, reporting revenue of 540 million yuan, representing a 21.1% year-on-year jump.
Hesai's LiDAR deliveries reached 134,208 units in the quarter, surging 182.9% from a year ago. Among which, 129,913 units were ADAS-specific LiDAR products, shooting up 220% year on year. The company's ADAS and Robotaxi businesses achieved a combined gross margin of 47.7% in Q3, driven by economies of scale and increased development service revenue.
For the first nine months of 2024, Hesai delivered a total of 279,835 LiDAR units, indicating a 108.2% year-on-year spike, with ADAS products contributing 263,148 units (+129.9% YoY). Notably, Hesai's quarterly LiDAR deliveries have seen nearly 50% quarter-on-quarter growth for two consecutive quarters, significantly boosting revenue. The company is on track to achieve $100 million in quarterly revenue, $20 million in GAAP profit, and full-year non-GAAP profitability in the fourth quarter of this year, said Hesai.
During Q3 2024, Hesai launched its flagship 360° long-range LiDAR, OT128, securing partnerships with over 90 companies globally. By the end of Q3, Hesai had secured mass production projects for 75 vehicle models from 20 automakers worldwide.
![[Твердотельная батарея: компания Tianneng Co., Ltd. достигла серийных поставок полутвердотельных аккумуляторных ячеек 314 Ач, с поэтапными прорывами в нескольких технологических системах]](https://imgqn.smm.cn/usercenter/JmyWy20251217171729.png)
![[Твердотельный аккумулятор: EcoPro BM создает команду по полностью твердотельным аккумуляторам, охватывающую всю цепочку «сырье — материалы — аккумуляторные ячейки», с целью коммерциализации к 2027 году]](https://imgqn.smm.cn/usercenter/JMINH20251217171728.jpg)

