HK Stock Market Move | HESAI-W(02525) surged by over 6% again, with the company recently releasing its self-developed RISC-V laser radar main control chip Fermi C500.

HESAI-W(02525) rose by more than 6%, as of the deadline, it increased by 6.12% to 156 Hong Kong dollars, with a turnover of 36.4896 million Hong Kong dollars. On the news front, on November 24, Hesai Technology released the Fermi C500, a high-performance intelligent main control chip for laser radar based on the RISC-V architecture. At the same time, they also launched the world's only "photon isolation" safety technology and the ATX new version of the 256-line safety laser radar. Currently, the "photon isolation technology" has been fully integrated into Hesai ATX, ETX and other main laser radars, surpassing the industry in terms of safety and reliability, achieving the ultimate "zero false alarms" at the physical level. Zhongjin released a research report pointing out that the company is the world's first and only listed profitable laser radar company, relying on chip technology to build core moats, and multiple factors are driving the industry into a period of rapid growth. The bank predicts that with the popularization of urban navigation-assisted driving (NOA) functions, the company's shipments of car-mounted laser radars in China are expected to exceed 3 million units in 2025 and 10 million units in 2028, with a compound annual growth rate of 58%. Siasun Robot & Automation is expected to become a new growth pole, and overseas markets are waiting for a breakthrough.