HK Stock Market Move | HESAI-W(02525) has surged nearly 9% today and has been included in the Hong Kong stock connect list. The market share of its in-car LiDAR system remains the industry leader.

HESAI-W (02525) opened nearly 9% higher, rising 8.7% to 199.9 Hong Kong dollars as of the time of drafting, with a turnover of 103.148 million Hong Kong dollars. On the news front, on April 16th, the Shenzhen Stock Exchange announced that according to the relevant provisions of the "Shenzhen Stock Exchange's Shenzhen-Hong Kong Stock Connect Business Implementation Measures," HESAI-W has been included in the list of securities eligible for the Hong Kong Stock Connect, effective from April 16, 2026. It is worth noting that according to the ranking of installed car-mounted LiDAR units released by the Geely Automotive Research Institute in February 2026, Hesai's car-mounted main LiDAR held a market share of 51%, maintaining its position as the industry leader. In February, the total installed volume of main LiDAR units in the Chinese passenger car market reached 165,009 units, with Hesai contributing 83,897 units, more than 2.2 times the volume of the second-ranked supplier and over three times that of the third-ranked supplier. Hesai has now held the top position in the car-mounted main LiDAR market for 13 consecutive months.