SEYOND (02665) saw its shares rise more than 7% during the trading session. As of the time of writing, the stock was up 3.47%, trading at HKD 8.06, with a turnover of HKD 33.6216 million. On April 24, the company announced via its official social media account that it made a significant appearance at the 2026 Beijing International Automotive Exhibition, showcasing its full range of lidar products and perception solutions. At the exhibition, SEYOND's three major platforms—Falcon, Sparrow, and Hummingbird—demonstrated performance enhancements, precisely meeting the requirements for driving assistance levels ranging from L2 combined systems to L4 full autonomy. Serving as a core sensing foundation for high-level autonomous driving, the Falcon platform has already undergone validation through the mass production and delivery of 750,000 units. The latest generation Falcon K3 lidar achieves dual breakthroughs in performance and form factor, with its maximum detection range upgraded to 900 meters. Its angular resolution has improved by over 300% compared to the previous Falcon K2 model. Guosheng Securities noted that SEYOND, leveraging the superior long-range detection and high-resolution advantages of its 1550nm Falcon series, has established deep partnerships with leading automakers, securing design-wins for over 60 vehicle models from 18 customers. The 905nm Sparrow series has rapidly penetrated the mainstream market with its high cost-effectiveness. The new pure solid-state Hummingbird series has already received front-loading designations from a major domestic automaker and possesses the capability for mass production at scale, positioning it to potentially become the next-generation flagship product. The brokerage believes that as the number of lidar units per vehicle equipped with high-level intelligent driving systems continues to increase, the company is well-positioned to benefit from the dual tailwinds of rising industry penetration and higher unit counts per vehicle.
Comments