Hesai Group revised revenue guidance for the fourth quarter and full year ended December 31, 2023. For the fourth quarter of 2023, the Company expects net revenues to surpass the high-end of the prior guidance range of RMB 535 million (USD 73.3 million) and RMB 555 million (USD 76.1 million), compared with RMB 409 million (USD 59.3 million) for the corresponding period in 2022.

For the year ended December 31, 2023, the Company expects net revenues to exceed its target of RMB 1.8 billion (USD 250 million).