HK Stock Market Move | HESAI-W(02525) High-opened more than 5% ATX Renewed Version 256-line LiDAR has received over 4 million orders and is expected to be mass-produced in April next year.

HESAI-W (02525) opened more than 5%, and as of the time of publication, it rose by 5.07% to HK$153.5, with a trading volume of HK$2.3762 million. On the news front, recently, Hesai Technology held a technology open day at the Shanghai Maxwell Global R&D Smart Manufacturing Center, and released self-developed high-performance main control chip "Fermi C500" and "photon isolation" security technology based on the RISC-V architecture, as well as the performance-doubled 256-line high-end laser radar ATX Renewal Version. It is reported that Hesai Technology's flagship ATX Renewal Version 256-line laser radar, based on its self-developed chip platform, has a detection range of up to 230 meters, with performance doubled compared to the previous generation, and has received orders for over 4 million units, with plans to start production in April 2026. At the same time, its photon isolation technology has 10 times the number of channels compared to the traditional SPAD solution, which can suppress "ghosting" and enhance system security boundaries. According to Hesai Technology, the company's cumulative delivery of laser radars surpassed 2 million units in mid-November 2025, with a monthly production volume in September exceeding 200,000 units for the first time. Currently, it has been the top laser radar market share leader in China for 8 consecutive months and ranks first in terms of shipment volume in the Siasun Robot&Automation 3D laser radar market.