On May 21, LiDAR manufacturer Hesai Technology released its unaudited financial data for the first quarter of 2024. In the first quarter, Hesai Technology achieved a revenue of RMB 360 million; The total delivery volume of LiDAR was 59101 units, a year-on-year increase of 69.7%; The delivery volume of ADAS products was 52462 units, a year-on-year increase of 86.1%; The combined gross profit margin of Robotaxi and ADAS businesses is 38.8%. In the first quarter, Hesai reached a laser radar mass production fixed-point cooperation with two of the top ten international car manufacturers in terms of global revenue, including a global production model of a top international car brand.