Company Overview - Hesai Technology (禾赛科技) was established in 2014 and specializes in the research and production of LiDAR sensors, which are widely used in advanced driver-assistance systems (ADAS) for passenger and commercial vehicles, as well as in autonomous vehicles and various robotic applications [1] - The company went public in the US in February 2023, issuing 10 million American Depositary Shares (ADS) at a price of $19 per share, raising $190 million, becoming the first Chinese LiDAR company listed in the US [1] Market Performance - Hesai-W (02525) debuted on the Hong Kong Stock Exchange with a share price of HKD 212.80, issuing 19.55 million shares, resulting in a net proceeds of approximately HKD 4.005 billion [1] - As of the latest report, the stock price increased by 7.71% to HKD 229.2, with a trading volume of HKD 214 million [1] Industry Growth - The global LiDAR industry is experiencing rapid growth, with revenues projected to increase from $300 million in 2020 to $1.6 billion by 2024, representing a compound annual growth rate (CAGR) of 57.8% [2] - By 2029, the industry is expected to reach $17.3 billion, with a CAGR of 61.7% [2] - The Chinese LiDAR market is significantly outpacing other regions in terms of market size and growth rate [2] - Hesai Technology has been the largest LiDAR supplier globally by revenue in 2022, 2023, and 2024, and is expected to become the first company to exceed a monthly shipment of 100,000 LiDAR units by December 2024 [2]
新股首日 | 禾赛-W(02525)首挂上市 早盘高开7.71% 公司为全球第一大激光雷达供货商