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HESAI-W (02525.HK) Drifts ~16% Higher in Early Trade on Release of Self-Developed RISC-V LiDAR Main Control Chip 'FMC500'
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HESAI-W (02525.HK) last stood at HKD148.9, up 15.61%, with a turnover of 618,900 shares, involving HKD90.9405 million. Hesai (HSAI.US) saw its US shares soar 18.1% overnight (24th), closing at USD18.22. Yesterday, Hesai announced the release of its high-performance intelligent main control chip “FMC500” based on the RISC-V architecture, along with the world's only “photon isolation” safety technology and the revamped 256-line safety LiDAR ATX. So far, the “photon isolation technology” has been fully integrated into Hesai's main LiDAR products such as ATX and ETX. CICC initiated coverage on Hesai's H shares with an Outperform rating and a target price of HKD182.5, citing its leading market share and the milestone achievement of becoming the first and only publicly listed LiDAR company to achieve profit in 4Q24. The company has built three core competitive advantages: chip technology, self-built automated production capacity, and extensive customer resources. The industry is also entering a period of rapid growth, CICC said. Peer company ROBOSENSE (02498.HK) opened 3.3% higher this morning, peaking at HKD32.9. It last stood at HKD32.38, up 3.78%, with a turnover of 3.5133 million shares, involving HKD114 million. AASTOCKS Financial News Website: www.aastocks.com |
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