Hesai-W (02525) rose more than 7% in Hong Kong trading. At the time of writing, the stock was up 7.07% to HK$201.8, with a turnover of HK$17.6045 million.

The increase follows news that Hesai Technology, a global leader in lidar systems, has entered into a strategic partnership with Southeast Asian tech giant Grab. Under the agreement, Grab will become the exclusive distributor of Hesai's lidar products in Southeast Asia, overseeing sales, customer support, and marketing activities in the region.

The collaboration aims to jointly advance the development of physical AI and embodied intelligence across Southeast Asia. A Deloitte Southeast Asia research report previously projected an unprecedented surge in demand for AI-driven automation in the region, particularly within manufacturing, transportation, and logistics sectors. As a result, lidar applications are expected to transition from early validation phases to large-scale commercial deployment throughout the area.