Nio's LiDAR supplier Seyond passes Hong Kong listing hearing, trading expected on Dec 10

CnEVPost11-13

Seyond is Nio's sole LiDAR supplier, with 91.6 percent of its 2024 revenue derived from the EV maker. Seyond will become the third Chinese LiDAR maker to list in Hong Kong, joining RoboSense and Hesai...

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Originally named Innovusion, it was rebranded as Seyond in December 2023.\nOn March 28, 2022, Nio delivered its first batch of ET7 vehicles, marking the mass production of Seyond's LiDAR products.\nStarting with the ET7, all Nio models are equipped with LiDARs provided by Seyond, with some models featuring three units. Neither the Onvo sub-brand of Nio Inc nor Firefly models utilize any LiDAR sensor.\nSeyond's revenue relies heavily on Nio, serving as the latter's sole LiDAR supplier to date.\nIts revenue for 2022, 2023, 2024, and the five months ended May 31, 2024 and 2025, was $66.3 million, $121 million, $160 million, $51.6 million, and $52 million, respectively.\nRevenue from Nio amounted to $58.8 million, $110 million, $146 million, and $44.8 million, respectively, accounting for 88.7 percent, 90.6 percent, 91.6 percent, and 86.2 percent of total revenue during the corresponding periods.\nIn 2024, Seyond delivered about 230,000 automotive-grade LiDAR units, ranking fourth globally in sales revenue for ADAS (Advanced Driver Assistance System) LiDAR solutions with a market share of 12.8 percent.\nLate last month, Hesai formally sued Seyond for patent infringement, according to a report by local media outlet Yicai on October 28.\nThe case involves Seyond's Robin E1X, showcased at CES 2025 earlier this year, and Hesai's AT series products, the report said.\n\n\n\n\n\n\n\n\n\nNio LiDAR supplier Seyond to exclusively supply one of China's leading auto groups\nThe auto group's models equipped with Seyond products will go into mass production in 2026, with sales expected to reach hundreds of thousands over the next three years.\n\n\nSupplier News\nMay 30, 2025","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2583531862","isCrawlerRequest":true}