HK Stock Market Move | HESAI-W(02525) intra-day rise more than 3%, the company's solid-state LiDAR FTX officially secured Meituan's drone mass production contract.

HESAI-W(02525) rose more than 3% during trading hours, as of the time of publication, it rose 2.92% to 179.7 Hong Kong dollars, with a turnover of 21.0011 million Hong Kong dollars. On the news front, according to HESAI Technology's official WeChat account, on December 19, 2025, the company announced a strategic partnership with Meituan's unmanned drones. HESAI Technology's second-generation solid-state perception-based positioning LiDAR FTX officially obtained Meituan's unmanned drone mass production designation. This collaboration not only achieves deep integration of LiDAR technology with low-altitude logistics scenarios, but also signifies an important breakthrough in the joint promotion of low-altitude economic industrialization by two leading companies in the industry. As reported, Meituan's unmanned drones have recently released the fourth-generation long-range drone M-Drone4L, which is a milestone in the industry as it is equipped with a LiDAR for perception-based positioning. Its omni-directional perception system is equipped with 10 sensors, including one pure solid-state perception-based positioning LiDAR FTX, combined with vision and GNSS for multimodal fusion, enabling precise positioning and navigation around the clock and ensuring safer night-time deliveries.