Hesai Group provided revenue guidance for the first quarter and full year 2024. For the first quarter of 2024, the company expects net revenues to be between RMB 320 million (USD 45.1 million) and RMB 350 million (USD 49.3 million), representing a year-over-year decrease of approximately 18.6% to 25.6%.

Revenue guidance for full-year 2024 stands firm in the range of USD 400 million-USD 450 million, an increase of 50%-70% year-over-year.