HESAI-W (02525) Rises Nearly 5% Again as ATX Secures Designation for Multiple Geely Galaxy Models, with Mass Production and Delivery to Follow

Stock News12-12 10:48

HESAI-W (02525) surged nearly 5% again, reaching HK$162.2 at the time of writing, with a trading volume of HK$23.13 million. The company announced that its long-range LiDAR ATX has been mass-produced and installed in the Geely Galaxy V900. Additionally, Hesai's AT series of long-range LiDAR has secured designations for multiple Geely Galaxy models scheduled for 2025 and 2026, with mass production and deliveries to follow. Notably, HESAI-W was recently included in the Hang Seng Composite Index, effective December 8 (Monday), reflecting strong market recognition of the company's business performance and value. Analysts suggest that the inclusion could pave the way for HESAI-W's addition to the Stock Connect program, potentially attracting more mainland capital and broadening its investor base.

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