RoboSense (02498) is the global leader in market share for automotive LiDAR in 2024, both in terms of annual sales and cumulative sales volume.

Recently, the international market research and strategic consulting firm Yole Group released the "2025 Global Automotive LiDAR Market Report" (hereinafter referred to as the "Report"). The Report pointed out that RoboSenseROBOSENSE (02498) has achieved three "global firsts" in the global automotive LiDAR market: first in market share in the passenger car LiDAR market in 2024, annual "sales champion" in ADAS LiDAR, and cumulative sales champion in ADAS from 2018 to 2024. These three "global firsts" further demonstrate RoboSenseROBOSENSE's leading position and strong capabilities in the global LiDAR market. At the same time, the Report also showcased RoboSenseROBOSENSE's leading progress in globalization, the Robotaxi market expansion, and technological layout over the past year, presenting a broad future outlook. Three "global firsts": First in market share, annual and cumulative sales champions The Report shows that the global passenger car LiDAR market continues to grow rapidly, expanding by 68% year-on-year in 2024, with the market size reaching $692 million. Among them, RoboSenseROBOSENSE holds a 26% market share, ranking first globally. Thanks to the widespread application of LiDAR in advanced intelligent driving assistance systems in the Chinese market, the global LiDAR market is experiencing rapid development, with Chinese LiDAR brands occupying 92% of the market share. This is closely related to the large-scale deployment of LiDAR in Chinese car companies and the predominant use of domestic manufacturing and supply chains. The Report also indicated that the installed base of LiDAR in the global passenger car market in 2024 was approximately 1.6 million units, more than double compared to the previous year. Among them, RoboSenseROBOSENSE achieved the sales champion in the 2024 global passenger car LiDAR market with an annual sales volume of 519,800 units. In this rapidly expanding market for passenger car LiDAR, the Report described four Chinese LiDAR manufacturers as "The Big Four". Among them, RoboSenseROBOSENSE ranked first with comprehensive leadership. Under the global upgrade of automotive intelligence, RoboSenseROBOSENSE's outstanding market performance is attributed to years of adherence to the core cooperative spirit of "market demand-oriented" and deep technological innovation. As of the end of March 2025, RoboSenseROBOSENSE has established close cooperation with 30 global OEMs and Tier1 suppliers, including BYD Company Limited, Ji Xing, SAIC Zhiji, etc., with over 100 designated vehicle models. In the period from January to March 2025 alone, RoboSenseROBOSENSE has helped launch 15 cooperative vehicle models, including the GAC Toyota Borui 3X, the GAC Trumpchi Xiangwang S7, the Geely Galaxy E8, among others. With the rapid popularization of L2+ advanced driver assistance systems, there are now over 10 models priced at 150,000-200,000 RMB that have been launched with RoboSenseROBOSENSE LiDAR. Additionally, according to Yole Group's calculations, in the cumulative global passenger car LiDAR sales rankings from 2018 to 2024, RoboSenseROBOSENSE has firmly held the top position with a cumulative sales volume of over 800,000 units, far surpassing other LiDAR brands, fully demonstrating its significant advantages and strong capabilities as a leading global LiDAR brand. Globalization Accelerates Mass production and application in Europe, America, and Japan The Report points out that currently, plans or dynamics to launch LiDAR-equipped models have been shown in China, Europe, America, and Japan. It is expected that Chinese OEMs will launch 111 intelligent models equipped with LiDAR in 2025 or shortly thereafter, Europe will launch over 4 LiDAR-equipped models after 2025, the US will launch 2 models with LiDAR, and Japan will release over 2 intelligent models with LiDAR. While consolidating its leading position in the Chinese market, RoboSenseROBOSENSE, with its high-performance, high-stability and reliable LiDAR products, is accelerating its global market expansion to become a common choice for overseas automakers' intelligent upgrading. Currently, RoboSenseROBOSENSE has accumulated partnerships with 8 overseas and Sino-foreign joint venture brands, including a leading Sino-US joint venture host plant, the top three Japanese car companies, two European and Chinese collaboration brands, a leading newcomer automaker in North America, and a North American new energy vehicle company, covering major automotive markets in Europe, North America, and the Asia-Pacific region. Global L4 LiDAR Market: Rapid Growth, Winning over many top customers in Robotaxi As the global Robotaxi market transitions from pilot to full-scale production, the number of LiDAR-equipped vehicles per vehicle will significantly increase, which will greatly promote the gradual expansion of the global L4 autonomous driving LiDAR market. Yole Group predicts that the global L4 autonomous driving LiDAR market size will reach $166 million in 2024, a 35% year-on-year increase compared to 2023. Among the 10 L4 autonomous driving companies listed in the Report, 6 are using RoboSenseROBOSENSE's highly competitive LiDAR products. With its stable and reliable, leading-performance automotive-grade LiDAR products, RoboSenseROBOSENSE is expected to become one of the mainstream configurations for commercial Robotaxi vehicles, achieving considerable income growth. Advanced Technological Layout, Comprehensive Product Matrix Self-developed full-stack chip capabilities leading digital transformation The Report also analyzed and summarized the technical trends of major LiDAR manufacturers worldwide. Yole Group shows that RoboSenseROBOSENSE is the only global LiDAR brand with a product matrix covering mechanical, one-dimensional, and two-dimensional scanning mixed solid-state and all-solid-state products, continuously innovating in technology.Occupy the high ground of industrial applications.Yole Group has noticed that currently, laser radar brands represented by RoboSense are applying SPAD-SoC chips in their latest product designs. Yole Group believes that by combining VCSEL with SPAD-SoC chips, laser radar will achieve the farthest ranging and highest resolution, breaking through performance ceilings. As a leader in the revolution of laser radar technology, RoboSenseROBOSENSE was the first to complete the integration of laser radar technology architecture in 2024. They have mastered the self-developed ability of full-stack chip from transmission, scanning to data processing of laser radar, with a mature product platform of "one-dimensional mechanical scanning + two-dimensional MEMS scanning + full solid-state array scanning". As a result, RoboSenseROBOSENSE was the first to achieve mass production of digital laser radar, and has deployed the most comprehensive digital laser radar product matrix in the industry. This supports RoboSenseROBOSENSE to quickly develop and iterate products according to the different needs of various industries and scenarios, meeting the demands of intelligent driving, Siasun Robot&Automation, and other multi-scenario applications.