Seyond (02665) has been officially included in the list of eligible securities for the Southbound Stock Connect program, as announced by the Shanghai and Shenzhen stock exchanges. The adjustment will take effect from March 9. This inclusion means mainland A-share investors and institutions can now directly trade the company's shares through the Stock Connect channels, which is expected to help attract more investors and capital inflows.
Established in 2016, Seyond is a leading global provider of image-grade LiDAR solutions. Leveraging strong R&D capabilities and deep technological expertise, the company continues to develop industry-leading LiDAR products and solutions. Its products are widely used in diverse applications such as smart vehicles, autonomous driving, robotics, and intelligent transportation, driving the industry toward large-scale commercial adoption.
Financially, Seyond has demonstrated sustained positive performance. According to the company's latest announcement, it achieved a significant improvement in gross margin for the first five months of 2025. Over the same period, its cost of sales also decreased substantially, indicating effective cost reduction and efficiency gains. By the end of 2025, cumulative deliveries of its ultra-long-range "Falcon" LiDAR series had surpassed 600,000 units, further solidifying its product leadership in the high-end market and highlighting its economies of scale.
On the technology front, the company has established a dual-technology roadmap encompassing both 1550nm and 905nm/940nm wavelengths, forming a comprehensive product portfolio. This enables Seyond to provide full-scenario solutions ranging from L2 advanced driver-assistance systems to L4 autonomous driving, and from low-speed to high-speed operational environments.
Commercially, Seyond has secured designated supplier status from 14 automakers and ADAS/ADS companies, including NIO, GAC Group, and SAIC Volkswagen. Mass production is scheduled to begin in 2026, providing strong momentum for the company's future earnings growth.
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