Zhang Yu's questions to Hesai Group (HSAI) leadership • Q2 2024
Question
Zhang Yu from Huatai Securities inquired about the key differences between the new ATX product and the AT128, including its expected impact on gross margin. He also asked about Hesai's product offerings and order pipeline for the broader robotics market.
Answer
Executive Yuanting Shi described the ATX as a high value-to-cost product that improves performance while reducing cost, leading to design wins with seven OEMs, with SOP expected in Q1 2025. CEO Yifan Li added that Hesai has always served the non-ADAS robotics market with its QT and XC series and is developing more miniaturized, lower-cost products for emerging applications. Yuanting Shi cited a recent deal with Westwell for logistics as an example of Hesai's activity in the industrial robotics space.