According to Zhito Finance APP, Hesai Technology (HSAI.US) closed up 44.42% on Tuesday, at $6.86. In news, Hesai Technology announced its unaudited financial data for the third quarter of 2024. This quarter, the company's revenue greatly exceeded guidance, leading the global lidar market.

In the third quarter, Hesai Technology achieved revenue of 0.54 billion yuan, a year-on-year growth of 21.1%. The total delivery of lidar reached 134,208 units in the quarter, a significant year-on-year increase of 182.9%; among them, the delivery of ADAS products was 129,913 units, a year-on-year growth of 220.0%. Benefiting from the virtuous cycle effect of cost and scale along with the support of development service revenue, the comprehensive gross margin for the ADAS and Robotaxi business this quarter was 47.7%.