HK Stock Market Move | ROBOSENSE (02498) rose more than 7% as the market for LiDAR is booming. The company Siasun Robot & Automation is experiencing rapid growth in business.

ROBOSENSE (02498) rose more than 7%, as of the time of writing, up 7.52% at HK$29.3, with a turnover of HK$72.99 million. On the news front, ROBOSENSE's revenue for the first three quarters was RMB 1.135 billion, up 91.51% year-on-year, exceeding the total annual revenue for 2023. The cumulative sales volume of LiDAR in the first three quarters reached 381,900 units, a year-on-year increase of 259.6%; by the end of the third quarter, the historical cumulative sales volume of LiDAR by the group exceeded 720,000 units, breaking the industry delivery record. China Great Wall stated that with the continuous improvement of domestic and foreign manufacturers' recognition of the importance of LiDAR in intelligent driving, LiDAR may see large-scale application. FIRST SHANGHAI pointed out that the company's high-level autonomous driving and Siasun Robot & Automation businesses are growing rapidly. The L4 level autonomous driving business has received SOP cooperation from several industry-leading L4+ autonomous driving companies. As for Siasun Robot & Automation, the company has collaborated with several important customers in the industrial, commercial, and consumer sectors using the E LiDAR platform to jointly develop new products in different vertical fields, with deliveries expected to be made within the next 18 months.