On August 7, HESAI-W-NEW rose 5.19% in regular trading, trading at 18.02 HKD/share, with turnover of approximately 89.99 million HKD. The stock rebounded from a 5.01% decline in the prior session, driven by a convergence of positive catalysts.

On the news front, Citi published a research note assigning a Buy rating to the stock, arguing that investors may initiate a second-stage unwinding of positions in autonomous driving-related names ahead of BYD's Q2 earnings release. Additionally, the company secured a new design win from Great Wall Motors for its vehicle-grade ETX ultra-thousand-line lidar, with mass production deliveries expected by year-end. Xiaomi's newly unveiled Pengcheng N90 Max and N70 Max SUVs also feature Hesai lidar as standard equipment across all configurations.

Furthermore, the company is scheduled to report Q2 and interim results on August 18, with earnings expectations providing additional support to the share price.

(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.)