RoboSense, a leading provider of AI-driven robot technology, recently announced its interim results for 2024, showcasing impressive growth and success. In the first half of 2024, the company saw a significant increase in total revenue, reaching 727 million RMB, a 121.0% jump compared to the previous year. Additionally, the total gross margin also improved to 13.6%, an increase of 9.7 percentage points from the same period in 2023.
As of June 30, 2024, RoboSense has sold approximately 583,500 units of LiDAR, with about 518,300 units specifically for ADAS applications. The sales volume for LiDAR products in various sectors, including ADAS and robotics, experienced remarkable growth compared to the previous year, showcasing a strong demand for their innovative technology. With the anticipation of increased demand for LiDAR products globally, RoboSense introduced two new products, the cost-effective MX and high-performance M3, in the first half of the year.
RoboSense foresees a surge in the robotics market, driven by advancements in AI technology and the shift towards unmanned intelligent robotics in various industries. The company’s products are already making a significant impact in the automotive sector, with LiDAR becoming a key component in mass production. The expansion of the robotics market and the rise of new consumer markets are set to create exponential growth potential for RoboSense’s products.
With over 2,400 customers in robotics and other business areas, RoboSense continues to invest in AI algorithms, chips, and hardware to remain at the forefront of technological innovation. The company is committed to providing diversified products and solutions beyond LiDARs, catering to the evolving needs of the automotive and robotics industries.
RoboSense’s dedication to cutting-edge technology and commitment to excellence position them as a key player in the global market. The launch of new products and the strong sales performance reflect the company’s ability to meet the growing demand for AI-driven robotics solutions. With a focus on innovation and customer satisfaction, RoboSense is poised for continued success in the automotive and robotics sectors.
For more information about RoboSense and their latest developments, please visit their website or check out the photo of their interim results here: [insert link to the photo].
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