Zichao Yang's questions to Hesai Group (HSAI) leadership • Q4 2024
Question
Zichao Yang from SPDBI asked for an updated capital expenditure plan for 2025 and 2026, considering the strong demand from both automotive and robotics sectors and the launch of new production lines.
Answer
CFO Peng Fan stated that 2025 CapEx will focus on launching new production lines to expand annualized capacity to 2 million units by year-end. He also mentioned preliminary plans for potential overseas manufacturing facilities. The full-year 2025 CapEx is projected to be between USD 30 million and USD 50 million, which the company has sufficient financial resources to support.