On July 28, HESAI-W-NEW rose 7.09% in regular trading, trading at 15.62 HKD/share, with turnover of approximately 24.06 million HKD.

On the news front, multiple catalysts are driving the rally. The Shenzhen Stock Exchange announced on July 24 that HESAI-W-NEW has been added to the Shenzhen-Hong Kong Stock Connect eligible securities list, opening the stock to broader mainland investor participation. Additionally, the company announced on July 27 that its board will convene on August 18 to review and approve Q2 and interim results, with management hosting an earnings call the same evening.

The company reported Q1 revenue of RMB 681 million, up 29.6% year-over-year, with shipments of 472,000 units surging 140.9%. It has secured design wins for Mercedes-Benz L3 models and multi-LiDAR configurations from leading automakers. Western Securities maintains a Buy rating, citing benefits from rising per-vehicle LiDAR value as L3 penetration accelerates and robotics applications expand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)