Movement Alert｜HESAI-W Intraday Rise 5.89% in Regular Trading, Li Auto exclusive lidar award supports sentiment

Market Focus10-28

On October 28, HESAI-W rose 5.89% in regular trading, trading at HK$13.57, with turnover of HK$27.45 million.

The move aligns with renewed attention on the company’s previously disclosed exclusive nomination from Li Auto for its next-generation assisted-driving full-platform lidar program, a development that reinforced order visibility after recent pressure from target-price cuts tied to softer end-market auto demand.

Recent market reports said HESAI-W secured the sole lidar supply designation for Li Auto’s new-generation assisted-driving platform across the L series, i series and MEGA lineup, strengthening its position in ADAS mass production. This follows a recent broker note that lowered shipment assumptions and cut its US target price by 14% to US$25.2, while still maintaining a Buy rating and a constructive medium- to long-term view on the company’s competitiveness and strategic growth businesses.

(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.

Comments

We need your insight to fill this gap
Leave a comment