Financial Data and Key Metrics Changes - Revenue for the year 2024 was $9.1 million, driven by increased sensor shipments to automotive and industrial customers, including the Daimler Truck program [36] - Full year non-GAAP operating loss was $123.2 million, consistent with the plan to keep it flat from the prior year [36] - Aeva ended the year with total available liquidity of $237 million, which includes $112 million in cash and cash equivalents and $125 million in undrawn facilities [37][38] - For 2025, the company targets revenue growth to be in the range of $15 million to $18 million, representing an increase of approximately 70% to 100% year-over-year [39] Business Line Data and Key Metrics Changes - Aeva has achieved significant milestones with its products, including the launch of the Atlas Ultra product, which offers three times the resolution and a wider field of view compared to previous models [22] - The company is seeing increased momentum in industrial robotics and factory automation, with a target to increase industrial sensor shipments by nearly 1,000% in 2025 [26][55] Market Data and Key Metrics Changes - Aeva is positioned in a $10 billion-plus market opportunity in industrial robotics and factory automation, with partnerships with industry leaders like Nikon and SICK AG [26][51] - The company has secured a development program with a global top 10 passenger OEM, which is expected to lead to a large-scale production program later this year [15][17] Company Strategy and Development Direction - Aeva aims to drive the adoption and commercialization of FMCW technology while maintaining strong financial discipline [31] - The company plans to complete its automated and automotive-qualified production line with a capacity for over 100,000 units annually [34] - Aeva is focused on expanding its presence in both automotive and industrial sectors, leveraging its unique FMCW technology [33][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute on its objectives and capitalize on the growing momentum around FMCW technology [35] - The company anticipates record revenues for 2025, with a focus on reducing operating expenses by approximately 10% to 20% year-over-year [34][41] Other Important Information - Aeva's Atlas Ultra product is designed to meet OEM requirements for Level 3 and higher speed applications, showcasing the company's commitment to innovation in the LiDAR space [22][23] - The company has made significant progress in its partnership with Daimler Truck, with plans for production to start in 2026 [20][21] Q&A Session Summary Question: Can you talk about initial targets outside of metrology and the cycle time for design wins? - Management highlighted the excitement around opportunities in robotics and factory automation, indicating a significant market potential [50][55] Question: Can you provide an update on manufacturing progress? - Management confirmed that they are focused on increasing manufacturing capacity to meet growing demand, with a target of 100,000 units per year [58][59] Question: How does the operating expense reduction apply to large programs like the Daimler Truck program? - Management indicated that significant development work has been completed, and they are now focused on scaling production while reducing costs [66][69] Question: What is the expected contribution timeline for the OEM program? - Management stated that the target for the Atlas Ultra start of production is 2027, with expectations for production ramp to follow [78] Question: How does the company feel about its current cash position? - Management expressed confidence in their liquidity, stating that they have a multiyear runway to support production and growth [81][82] Question: What is the general area of the top 10 OEM's headquarters and their operational geographies? - Management confirmed that the OEM is a well-known global brand with significant vehicle production, indicating a large opportunity for collaboration [88][90]

Financial Data and Key Metrics Changes - Revenue for the year 2024 was $9.1 million, reflecting growth in sensor shipments to automotive and industrial customers, including the Daimler Truck program [36] - Full year non-GAAP operating loss was $123.2 million, consistent with the plan to keep it flat from the prior year [36] - Aeva ended the year with total available liquidity of $237 million, which includes $112 million in cash and cash equivalents and $125 million in undrawn facilities [37][38] - For 2025, Aeva targets revenue growth to be in the range of $15 million to $18 million, representing an increase of approximately 70% to 100% year-over-year [39] Business Line Data and Key Metrics Changes - Aeva has achieved significant milestones with its products, including the launch of the Atlas Ultra product, which offers three times the resolution and a wider field of view compared to previous models [22] - The company is seeing increased momentum in industrial robotics and factory automation, with a target to increase industrial sensor shipments by nearly 1,000% in 2025 [26][54] Market Data and Key Metrics Changes - Aeva is positioned in a $10 billion-plus market opportunity in industrial robotics and factory automation, with partnerships with industry leaders like Nikon and SICK AG [26][51] - The company has secured a development program with a global top 10 passenger OEM, which is expected to lead to a large-scale production program later this year [15][17] Company Strategy and Development Direction - Aeva aims to drive the adoption and commercialization of FMCW technology while maintaining strong financial discipline [31] - The company plans to complete its automated and automotive-qualified production line with a capacity for over 100,000 units annually [34] - Aeva is focused on expanding its presence in industrial robotics and factory automation, leveraging its unique FMCW technology [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Aeva's position to capitalize on growing momentum around FMCW technology and the strong interest from global OEMs [35] - The company anticipates record revenues for 2025, with a focus on reducing operating expenses by approximately 10% to 20% year-over-year [41] Other Important Information - Aeva's Atlas Ultra product is designed to meet OEM requirements for Level 3 and higher speed applications, showcasing the company's technological advancements [22] - The company has made significant progress with Daimler Truck, having delivered on all milestones for the program in 2024 [19] Q&A Session Summary Question: Can you talk about initial targets outside of metrology and the cycle time for design wins? - Management highlighted the excitement around opportunities in robotics and factory automation, with a significant market potential of over $10 billion annually [51][54] Question: Can you provide an update on manufacturing progress? - Management confirmed that they are focused on increasing manufacturing capacity to meet growing demand, with a target of 100,000 units per year [58][59] Question: How does the operating expense reduction apply to large programs like the Daimler Truck program? - Management indicated that substantial completion of product development allows for reduced spending, with a focus on scaling production [66][69] Question: What is the expected contribution timeline for the top 10 OEM program? - Management stated that the target for the Atlas Ultra start of production is 2027, with expectations for production ramp to follow [78] Question: How does the company feel about its current cash position? - Management expressed confidence in their liquidity, stating that they have a multiyear runway to support production and growth [82] Question: What is the general area of the top 10 OEM's operations? - Management confirmed that the OEM is a well-known global brand with significant vehicle production, indicating a massive opportunity for collaboration [88][90]

2024 Highlights and Achievements - Aeva was awarded a global top 10 passenger OEM development program[11] - The company is on track with the Daimler Truck production program[13] - Aeva's Atlas Ultra features industry-first integration[14] - Aeva is experiencing growing traction across industrial and security sectors[15, 16] 2025 Objectives - Aeva aims to secure two additional production program wins in auto and industrial sectors, in addition to the global top 10 passenger OEM[46] - The company plans to release the final Atlas version, including the C-sample[47] - Aeva intends to accelerate robotics & automation expansion, targeting at least 1000%+ growth in industrial precision sensor shipments[48] - Aeva plans to complete a manufacturing production line with at least 100,000 units/year capacity[48] 2024 Financial Results and 2025 Outlook - Aeva's full year 2024 revenue was $9.1 million[55] - The company's non-GAAP operating loss for 2024 was ($123.2) million[55] - Aeva had $237 million of cash and facility as of December 31, 2024[56] - Aeva projects revenue in the range of $15 million - $18 million for 2025, representing approximately 70%-100% year-over-year growth[60, 63]

Financial Data and Key Metrics Changes - In 2024, the company achieved record net revenues of RMB2 billion (USD285 million), marking the highest in the global LiDAR industry [39] - Shipments exceeded 500,000 units in 2024, more than doubling the total from 2023, with December alone setting an industry record of 100,000 monthly shipments [39] - The company reported a full-year non-GAAP net profit of RMB14 million (USD1.9 million), a significant improvement from a non-GAAP net loss of RMB241 million (USD34 million) in 2023 [41] - The blended gross margin for Q4 2024 was 39%, down from the previous quarter due to a shift in product mix [40] Business Line Data and Key Metrics Changes - The company shipped over 20,000 units to its robotics business in December 2024, indicating significant growth in this sector [40] - For 2025, the company projects total shipments of 1.2 million to 1.5 million units, with nearly 200,000 units expected to come from high-margin robotic LiDAR [8][9] - The ATX LiDAR, priced at approximately $200, is anticipated to contribute significantly to total shipments in 2025, with expectations of high adoption rates among OEMs [44][45] Market Data and Key Metrics Changes - The adoption of ADAS in China is projected to grow from 8% in 2023 to 70% by 2030, indicating a transformative decade ahead for the industry [10] - LiDAR integration in EVs in China is expected to surge from 8% in 2023 to 20% in 2025 and then to 56% by 2030 [13] - The company has secured design wins for 120 vehicle models across 22 OEMs worldwide, including 9 out of the top 10 largest automakers by market cap in China [28] Company Strategy and Development Direction - The company aims to solidify its leadership in the LiDAR market by focusing on the growing demand for ADAS and robotics applications [6][29] - The strategy includes launching new production lines in Q1 2025, with an expected annualized production capacity of 2 million units by the end of the year [29] - The company is committed to lowering barriers to LiDAR adoption and driving technological equality, with a focus on cost-effective solutions [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving GAAP profitability of RMB200 million to RMB350 million in 2025, with non-GAAP profits projected to soar to RMB350 million to RMB500 million [50] - The company anticipates a strong year in 2025, driven by increased demand from both ADAS and robotics sectors [42] - Management highlighted the importance of maintaining a healthy gross margin of around 40% while continuing to invest in R&D [49][65] Other Important Information - The company has deepened collaborations with major clients such as BYD and Great Wall Motors, which are ramping up their strategic upgrades in intelligent driving technologies [24][25] - The JT Mini LiDAR is being positioned as a leading product in the robotics market, with significant orders expected in 2025 [31][46] Q&A Session Summary Question: Guidance for 2025 and quarterly volume trajectory - Management provided revenue guidance of RMB520 million to RMB540 million for Q1 2025, with expectations of approximately 200,000 units shipped [55][56] - The ATX is expected to have an annual price decline, while gross profit margins are anticipated to remain close to 40% [58][59] Question: Long-term potential of the robotics LiDAR market - Management indicated that the robotics market could be several times larger than the passenger vehicle business, with high margins expected to persist [71][76] Question: Further cost reduction and technology advancements - Management noted limited room for further cost reductions on the ATX platform, emphasizing the importance of maintaining product reliability and performance [94][95] Question: ADAS LiDAR adoption in overseas markets - Management clarified that LiDAR is applicable to both EV and ICE vehicles, and the company is optimistic about growth prospects in overseas markets [130] Question: Long-term competitive landscape of ADAS LiDAR market - Management acknowledged that while exclusivity with OEMs is not guaranteed, the company's performance leadership and cost competitiveness are key advantages [140][141]

SECURITIES AND EXCHANGE COMMISSION TABLE OF CONTENTS As filed with the Securities and Exchange Commission on February 2, 2023 Registration No. 333-269247 WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Hesai Group (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 3569 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Indus ...

THE SECURITIES ACT OF 1933 Hesai Group (Exact name of Registrant as specified in its charter) Not Applicable TABLE OF CONTENTS As filed with the Securities and Exchange Commission on January 17, 2023 Registration No. 333- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER (Translation of Registrant's name into English) Cayman Islands 3569 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code ...