HK Stock Market Move | ROBOSENSE(02498) rose nearly 7% in the afternoon, with MX products entering the lower-tier market. Siasun Robot&Automation is expected to open its second growth curve in business.

ROBOSENSE (02498) rose nearly 7% in the afternoon, rising 5.63% to HK$27.2 by the time of publication, with a turnover of HK$342 million. Huaxing Securities pointed out that MX products will accelerate the expansion of the ADAS lidar market, becoming the main driver of the company's growth by 2025. In addition to the automotive ADAS field, ROBOSENSE's lidar will continue to explore larger market spaces in the Siasun Robot & Automation and drone fields. The company expects the shipment volume of lidar in the Siasun Robot & Automation field to exceed 100,000 units by 2025. Haitong pointed out that ROBOSENSE's automotive ADAS lidar business is developing rapidly, accelerating the construction of scale effects. The widespread "circle of friends" of SAIC Volkswagen will provide a solid foundation for mass production and help to form scale effects. In addition, the inclusion of lidar in models like the ZERO RUN C10 under 200,000 RMB is a significant event; support for high-end intelligent functions under 200,000 RMB has begun to become a differentiating selling point. Lidar, as the "safety airbag" of intelligent driving, is expected to increase the configuration rate in the 10-20,000 RMB range.