RoboSense's 2024 Annual Results: Leading LiDAR Market and Advancing AI Robotics

RoboSense Reports Strong Financial Growth in 2024

RoboSense Technology Co., Ltd., a leading AI-driven robotics technology company, has announced its audited financial results for 2024, showcasing remarkable growth and market leadership in the LiDAR and AI robotics sectors 1

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The company reported a total revenue of approximately RMB 1.8 billion, representing a year-over-year (YOY) increase of 47%. This marks the third consecutive year of high growth for RoboSense. The company's LiDAR sales volume reached an impressive 544,200 units, up by about 109% YOY 1

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Improved Profitability and Operational Efficiency

RoboSense demonstrated significant improvements in profitability and operational efficiency. The company's gross margin increased to 17.8%, an 8.5 percentage point improvement compared to the previous year. In the fourth quarter, the gross margin reached approximately 22.8% 1

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The company's net loss narrowed to approximately RMB 396 million, a decrease of about 8% YOY. This reduction in losses can be attributed to improved lean management and operational efficiency 2

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Market Leadership in Automotive LiDAR

RoboSense has established itself as a market leader in the automotive LiDAR sector. According to the Gasgoo Research Institute's 2024 LiDAR supplier rankings, RoboSense held a 33.5% market share, ranking No. 1 in global automotive LiDAR installations 1

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In February 2025, the company achieved a significant milestone by producing its 1-millionth LiDAR unit, becoming the first company globally to deliver 1 million high-resolution LiDAR units 2

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Expansion in ADAS and Autonomous Driving

RoboSense has made substantial progress in the Advanced Driver Assistance Systems (ADAS) market. Over 10 vehicle models in the RMB 150,000-200,000 range have been mass-produced and launched with RoboSense LiDAR. The company also introduced the world's first "thousand-beam" long-range digital LiDAR, EM4, which has secured multiple nominations for mass production 1

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In the autonomous driving sector, RoboSense has established partnerships with leading L4 autonomous driving companies, including Pony.ai, WeRide, and top companies in Silicon Valley 2

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Investment in R&D and AI Robotics

To drive future growth, RoboSense increased its R&D spending to around RMB 620 million in 2024. Notably, approximately RMB 250 million (41% of total R&D expenses) was invested in innovative businesses, primarily focusing on robotics and AI 1

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The company has made significant strides in embodied intelligence, advancing technologies in areas such as robotic vision and dexterous hands. RoboSense has formed strategic partnerships with over 10 global humanoid robotics companies, including Unitree, to explore innovative commercialization models 1

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Global Expansion and Partnerships

RoboSense has achieved remarkable success in overseas markets. In 2024, the company secured a total of 8 overseas and Sino-foreign joint venture brand partnerships, including a new top-tier Sino-American joint venture automaker and all three of Japan's top automakers. These partnerships cover major automotive markets in Europe, North America, and Asia-Pacific 2

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As of December 31, 2024, RoboSense has provided products and services to over 2,800 clients in robotics and related industries worldwide, establishing itself as a preferred partner for leading clients in multiple sectors 2

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