图达通正式登陆港交所：市值超200亿港元，以三维感知技术助力打造物理世界AI

Core Viewpoint - The importance and growth potential of LiDAR technology will exceed expectations, becoming essential for the development of AI in the physical world [4][6]. Company Overview - Seyond Holdings Ltd. (Tudatong) is set to be listed on the Hong Kong Stock Exchange on December 10, 2025, under the stock code "2665," raising approximately HKD 1.027 billion [2]. - Founded in 2016 by Dr. Bao Junwei and Dr. Li Yimin, Tudatong has become a leading company in the LiDAR industry, being the first to achieve mass production of automotive-grade high-performance LiDAR solutions [4][6]. Market Position and Performance - Tudatong is the first company globally to achieve large-scale production of 1550nm high-performance LiDAR and also has capabilities for 905nm cost-effective solutions, covering a complete product matrix from high-end to mass-market [6]. - In the first three quarters of this year, Tudatong delivered approximately 181,131 automotive-grade LiDAR units, marking a year-on-year growth of 7.7% [7]. - The company's revenue is projected to grow from USD 66.3 million in 2022 to USD 159 million in 2024, with a compound annual growth rate (CAGR) of 55.1% [7]. Strategic Initiatives - Tudatong has diversified its customer base, securing design points with 14 major automotive and ADAS companies, which are expected to contribute to revenue starting from the end of 2025 [9]. - The company is expanding into new markets such as robotics, smart transportation, and industrial automation, establishing partnerships with leading firms in these sectors [13][14]. Industry Growth Potential - The global automotive-grade LiDAR market is experiencing rapid growth, with the market size expected to increase from USD 3.5 billion in 2025 to USD 41.3 billion by 2030, at a CAGR of 63.7% [11]. - The non-automotive LiDAR solutions market is also projected to grow from USD 1.274 billion in 2025 to USD 9.158 billion by 2030, at a CAGR of 48.4% [13]. Investment and Support - Tudatong has received investments from notable firms including Gao Rong Capital, NIO Capital, and others, which have provided both financial support and strategic industry resources [16][18]. - The company has established a strong relationship with NIO Capital, which has been a significant institutional investor since 2018, aiding in the development and commercialization of LiDAR technology [19].