HK Stock Market Move | ROBOSENSE (02498) up more than 5% BYD Company Limited "Eye of God" is equipped with Velodyne's lidar, accounting for 80%
13/02/2025
GMT Eight
RoboSense (02498) rose by more than 5% again, rising by 5.14% to HK$42 as of press time, with a turnover of HK$266 million.
On the news front, on February 10th, BYD Company Limited held a smart strategy launch event, unveiling the "Universal Intelligent Driving Strategy." Under the overall vehicle intelligence strategy, BYD Company Limited has established a "Sky Eye" technology matrix, consisting of three sets of technical solutions. It is reported that Sky Eyes A and B are solutions with LiDAR, which will accelerate the penetration rate of LiDAR. Industry insiders point out that for advanced intelligent driving, LiDAR is an essential sensor, and BYD Company Limited also showcased multiple models equipped with LiDAR at the event.
As a globally leading LiDAR brand, RoboSenseROBOSENSE reached a strategic investment agreement and strategic cooperation framework agreement with BYD Company Limited as early as 2021. The latest institutional communication shows that RoboSenseROBOSENSE accounts for 80% of the LiDAR installed in the "Sky Eye" of BYD Company Limited. According to the latest plan announced by BYD Company Limited at the event, after all models are equipped with "Sky Eye" advanced intelligent driving, RoboSenseROBOSENSE will be present in almost all 200,000-level models of BYD Company Limited, and both parties will release multiple cooperation models in the future.
It is worth mentioning that on February 12th, MSCI (Morgan Stanley Capital International), a leading global investment decision support tool and service provider, announced the results of the index quarterly adjustment for February 2025. For the first time, RoboSenseROBOSENSE was included in the MSCI China All Shares Small Cap Index, with the adjustment taking effect after the market close on February 28, 2025.