Core Insights - Hesai Technology has signed a laser radar order worth over $40 million with a leading US Robotaxi company, further deepening their collaboration [2] - Hesai will serve as the sole supplier of both long-range and short-range laser radar products, with delivery planned by the end of 2026 [2] - The CEO of Hesai, Li Yifan, emphasized that this partnership reflects the recognition of Hesai's technological strength, product reliability, and mass production capabilities by top global Robotaxi companies [2] Market Position - According to the Yole Group's "2025 Global Automotive LiDAR Market Report," Hesai holds a 61% market share in the global L4 autonomous driving LiDAR market in 2024, maintaining the top position for four consecutive years [2] - Hesai is recognized as the preferred core sensor supplier for leading autonomous driving companies [2]

Core Insights - Hesai Technology, a lidar manufacturer, has signed a contract worth over $40 million with a leading US Robotaxi company, becoming its sole lidar supplier [1] - The order includes both long-range and short-range lidar systems, with planned delivery by the end of 2026 [1] - According to Yole Group, Hesai is projected to hold a 61% market share in the global L4 autonomous driving lidar market in 2024, maintaining the top position for four consecutive years [1]

Group 1 - Hesai Technology, a leader in lidar solutions for autonomous mobility, has expanded its production agreement with a prominent U.S.-based robotaxi company [1]

人民财讯9月15日电，9月15日，禾赛科技宣布与一家美国领先的头部Robotaxi公司进一步深化合作，签 订了价值超过4000万美元的激光雷达订单。禾赛将作为其唯一的激光雷达供应商提供远距和近距激光雷 达产品，订单计划将于2026年底前完成交付。 ...

Group 1 - The company, Hesai Technology, has set its offering price at HKD 212.8 per share, with an expected total amount raised of HKD 4.16 billion after the exercise of the over-allotment option [1] - The net proceeds from the global offering will be allocated as follows: approximately 50% for R&D investment, 35% for production capacity investment, 5% for business development, and 10% for working capital and general corporate purposes [1] - The global offering consists of two parts: a public offering in Hong Kong of 1.7 million Class B ordinary shares and an international offering of 15.3 million Class B ordinary shares [1] Group 2 - After listing in Hong Kong, the company's American Depositary Shares (ADS) will continue to be traded on the NASDAQ Global Select Market, with each ADS representing one Class B ordinary share [2] - Investors participating in the global offering can only subscribe for Class B ordinary shares and will not receive physical ADS [2] - Hesai Technology is the only company globally that has fully self-developed key components for LiDAR, including laser emitters, detectors, and various chips, ensuring supply chain security and technology independence [2] Group 3 - Hesai Technology has signed a strategic cooperation agreement with Hello, focusing on the Robotaxi operational scenario to develop low-cost, high-safety, and reliable intelligent driving technology [3] - This collaboration marks the official start of deep cooperation between Hesai Technology and Hello in the autonomous driving service sector, accelerating the large-scale deployment of Robotaxi in shared mobility [3] - The company aims to leverage its advantages in perception technology to support the large-scale deployment of Robotaxi, contributing to the maturity of the autonomous driving industry in China [3]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Hesai Group Sponsored ADR (HSAI) - HSAI currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The stock has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - Over the past week, HSAI shares increased by 2.79%, while the Zacks Automotive - Original Equipment industry remained flat [5] - In the last month, HSAI's price rose by 20.03%, significantly outperforming the industry's 2.51% [5] - Over the past quarter, HSAI shares have surged by 53.45%, and over the last year, they have skyrocketed by 632.72%, compared to the S&P 500's increases of 9.68% and 20%, respectively [6] Trading Volume - HSAI's average 20-day trading volume is 3,561,344 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for HSAI have been revised upwards, with the consensus estimate increasing from $0.30 to $0.31 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, HSAI is recommended as a stock to watch for potential near-term gains [11]

Core Viewpoint - Hesai Technology (HSAI.US) shares rose over 2% pre-market, reaching $28.57, following the announcement of the final offering price for its international and Hong Kong public offerings set at HKD 212.8 per share [1] Group 1: Offering Details - The company will issue and allocate an additional 2,550,000 shares, which represents 15% of the total shares initially available for subscription under the global offering, as the offering adjustment rights have been fully exercised [1] - The total gross proceeds from the global offering, before underwriting fees and offering expenses, are expected to be HKD 4.1624 billion [1] Group 2: Use of Proceeds - Approximately 50% of the net proceeds from the global offering will be allocated for research and development investments [1] - About 35% will be used for production capacity investments [1] - Approximately 5% will be directed towards business development [1] - Around 10% will be utilized for working capital and general corporate purposes [1]

Group 1 - Evergrande Property (06666) resumed trading and rose over 28% as Evergrande and liquidators plan to sell shares, with potential transactions in preliminary stages [1] - Alibaba-W (09988) increased by over 5% and Baidu Group-W (09888) rose over 8% as both companies began using internally designed chips to train their AI models, replacing some NVIDIA chips [1] - China Merchants Energy (01138) saw a rise of over 5% after announcing plans to issue A-shares to raise no more than 8 billion yuan for fleet upgrades, with increased oil production expected to boost shipping demand [1] - Kangfang Biologics (09926) increased by over 4% after presenting excellent clinical data for its drug at WCLC, highlighting its global market value [1] - NIO-SW (09866) rose over 3% as it plans to publicly issue $1 billion in shares, with Goldman Sachs expecting the funds to support the company's product strategy [1] - WanGuo Data-SW (09698) surged over 15% as AI drives data center demand, with the company fully engaging in partnerships with cloud service providers [1] - Jiajian Ankang-B (02617) rose over 32%, with its market capitalization exceeding 50 billion HKD after receiving approval for a Phase II trial of its drug [1] Group 2 - Meitu (01357) increased by over 6% after announcing a partnership with Alibaba's Tongyi Laboratory to enhance its products with advanced AI models [2] - Robotics concept stocks mostly rose, with UBTECH (09880) up over 3%, ShouCheng Holdings (00697) up over 3%, Yuejiang (02432) up over 4%, and Jizhi Jia-W (02590) up over 6%, as domestic and international catalysts for humanoid robot commercialization are expected [2] - Bilibili-W (09626) rose over 2% as it revealed its new strategy card game "Three Kingdoms: Hundred Generals Card," with institutions optimistic about the company's growth potential with AI integration [2] Group 3 - Alibaba (BABA.US) rose 8.00% after the launch of the "Gaode Street Ranking," which attracted over 40 million users on its first day, becoming the largest food ranking in China [3] - XPeng Motors (XPEV.US) increased by 2.39% after receiving a special flight permit for its "land aircraft" (X3-F) in the UAE [3] - Trip.com (TCOM.US) rose 3.21% after forming a five-year strategic partnership with Cityline, marking its first collaboration with a major ticket supplier in Hong Kong and Macau [3] - NIO (NIO.US) increased by 6.21% after completing a $1 billion equity issuance, marking its second public financing plan this year [3] - Kingsoft Cloud (KC.US) rose 5.60% as Citigroup raised its target price to $20, citing strong AI-related demand from Xiaomi [3] - NetEase (NTES.US) continued to rise by 2.98%, reaching a historical high after launching its first sci-fi shooting mobile game based on the "Destiny" IP [3] Group 4 - Adobe (ADBE.US) rose 0.11% after launching its first AI agent product suite to help customers streamline workflows across various applications [4] - Hesai (HSAI.US) increased by 0.90% as sources reported its Hong Kong IPO priced at HKD 212.8 per share, raising at least HKD 3.62 billion with oversubscription nearly 120 times [4] - Tesla (TSLA.US) rose 6.04% as the Model Y L is set to launch in the domestic market on September 19, with orders extending to November [4] - Online real estate platform Opendoor (OPEN.US) surged 79.52% after appointing Kaz Nejatian as the new CEO, with co-founder Keith Rabois returning to the board [4]

Core Viewpoint - Heisai has set the final offer price for its shares at HKD 212.80, with plans to list on the Hong Kong Stock Exchange on September 16, 2025 [1] Group 1 - The final offer price for both international and Hong Kong public offerings is determined at HKD 212.80 per share [1] - The pricing is based on factors including the closing price of the American Depositary Shares on NASDAQ as of September 10, 2025 [1] - The B-class ordinary shares are expected to start trading on the main board of the Hong Kong Stock Exchange under the stock code "2525" [1]

Core Viewpoint - The Nasdaq China Golden Dragon Index rose over 2%, indicating a strong performance of popular Chinese concept stocks, with significant gains from companies like Zai Lab (ZLAB.US) and GDS Holdings (GDS.US) [1] Group 1: Market Performance - Major Chinese concept stocks saw substantial increases, with Zai Lab (ZLAB.US) up over 12%, GDS Holdings (GDS.US) up over 8%, and Alibaba (BABA.US) rising over 4% [1] - The Shanghai Composite Index also experienced a notable increase of 1.65% on the same day [1] Group 2: Investor Sentiment - Morgan Stanley reported that U.S. investor interest in Chinese stocks is at its highest level in five years, with over 90% of investors expressing willingness to increase exposure to the Chinese market [1] - This resurgence in interest is seen as the beginning of a trend of U.S. investors returning to the Chinese market [1] Group 3: Reasons for Increased Interest - Factors contributing to the renewed interest from U.S. investors include China's leadership in specific industries, efforts to boost the stock market and stabilize the economy, improved liquidity conditions, and a rising demand for diversified investments [1] Group 4: Foreign Investment Trends - The International Institute of Finance (IIF) reported that in August, foreign investors allocated nearly $45 billion to emerging market stocks and bonds, marking the highest inflow in nearly a year [1] - A significant portion of this investment, totaling $39 billion, was directed towards Chinese bonds and stocks [1]