HESAI-W (02525) jumped over 4% during morning trading session. As of press time, the stock was up 3.71% to HK$223.8, with trading volume reaching HK$76.8161 million.
On the news front, Hesai Group announced on October 3rd that its one millionth LiDAR unit for 2025 officially rolled off the production line at the end of September. This milestone makes Hesai the world's first LiDAR company to achieve annual production exceeding one million units, marking its entry into the "annual million-unit" mass production and delivery phase.
Notably, as of the second quarter of 2025, Hesai Group's cumulative deliveries in the ADAS and robotics sectors have exceeded 1.37 million units. The company has planned an annual production capacity of over 2 million units for the full year 2025, with expected annual deliveries ranging from 1.2 million to 1.5 million units.