HK Stock Market Move | HESAI-W(02525) rises by over 5% now, its laser radar obtains designated models from BAIC Group.

HESAI-W(02525) is now up more than 5%, as of the time of writing, up by 5.2% to HK$198.3, with a trading volume of HK$77.9343 million. In terms of news, Hesai Technology announced that the Hesai ATX Renewal Edition has officially been designated for multiple models by BAIC Group, with mass production expected to begin in the second half of 2026 and deliveries set to follow. The ATX Renewal Edition, launched by Hesai in November last year, has already received orders for over 4 million units from global leading OEMs, with production and delivery set to commence in April 2026. So far, Hesai has secured designated production spots for over 160 models from 40 car brands, covering all top ten car brands in terms of sales in China, and has also secured contracts for the full range of models from the top two ADAS customers for 2026. Prior to this, CICC pointed out that according to Gao Gong data, Hesai's market share in the car-mounted LiDAR market exceeded 40% in 2025, showing strong performance. In 2026, on the front of car-mounted LiDAR, considering further "technology popularization" by independent car companies and the upgrade to high-end driving solutions sought by new energy vehicle manufacturers, combined with a key step forward in the application of modular L3 level automated driving, the bank maintains its forecast of a rapid increase in the penetration rate of LiDAR in the car market. In the field of Siasun Robot & Automation, the bank predicts that the company's delivery volume will double on the basis of exceeding 200,000 units this year.