Hesai Group Projects Q4 Revenue Between RMB 1,100M and RMB 1,150M
Hesai Group (HSAI) has provided optimistic financial guidance for the fourth quarter, projecting revenue in the range of RMB 1,100 million to RMB 1,150 million. The company is also setting long-term targets for its Smart Government Infrastructure (SGI) segment, aiming for approximately $100 million in revenue by 2027. CEO and Co-Founder Yifan Li noted that the company is experiencing faster commercial traction than previously anticipated. This growth is supported by the global debut of their new product, Kosmo, signaling an expansion in their lidar technology market share.
Tickers: $HSAI
Topics: commercial traction earnings call LiDAR technology
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