Hesai Group $HSAI grew Q3 revenue 34.3% to RMB1,068.3M (US$159.3M) and shipped 729,673 lidar units (+65.3%). But net income fell 68.5%. The catalyst: a mix shi

Hesai Group $HSAI grew Q3 revenue 34.3% to RMB1,068.3M (US$159.3M) and shipped 729,673 lidar units (+65.3%). But net income fell 68.5%. The catalyst: a mix shift toward lower-margin, high-volume ADAS lidar, plus spending on robotics and spatial intelligence, pushed gross margin down to 41.0% from 4…