Movement Alert｜Hesai-W Rises 8.8% in Regular Trading, Li Auto New L8 Standard-Equips Hesai LiDAR Across All Trims

Market Focus07-02

On July 2, Hesai-W rose 8.8% in regular trading, trading at HKD 140.0/share, with turnover of HKD 59.49 million.

On the news front, Li Auto officially launched the all-new Li L8, with Hesai LiDAR standard-equipped across all trims. The Livis version features 4 LiDAR units per vehicle — 1 ATL-P forward main radar and 3 FTX pure solid-state radars — enabling 360-degree 3D perception. Boosted by this development, Hesai's US-listed shares surged over 15% in the prior trading session, driving continued momentum in its Hong Kong listing.

Additionally, the company's shareholder meeting on June 26 approved a 1-for-8 stock split and a share buyback authorization of up to 10% of issued capital, aimed at improving Hong Kong stock liquidity and enhancing earnings per share. Multiple brokerages maintain Buy ratings with target prices ranging from HKD 217 to HKD 270, suggesting significant upside from current levels.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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