To The Moon

On July 9th, ROBOSENSE (02498) released its sales figures for the first half of 2026, revealing total sales of 719,200 LiDAR units, a year-on-year increase of 170%.

Within this total, sales in the robotics segment reached 282,600 units, surging 510% year-on-year, while sales in the ADAS segment were 436,600 units, up 98%.

This data highlights a clear shift in the company's growth structure: the ADAS business continues to provide a solid volume foundation, while the robotics segment has emerged as a highly elastic source of incremental growth.

The company's self-developed digital chip system integrates automotive, robotics, and future physical AI applications into a unified technological and manufacturing framework.

Intelligent vehicles and robotics represent the two categories of physical AI terminals currently leading the way into large-scale commercial deployment.

As both of these core business lines accelerate, ROBOSENSE's growth narrative is expanding from a singular automotive cycle to the broader physical AI application market.

Robotics Segment Leads Across Scenarios, Early Positioning Builds Long-Term Value

The robotics business is the most dynamic component of this structural shift.

In the first half, ROBOSENSE's LiDAR sales for robotics reached 282,600 units, a 510% year-on-year increase, solidifying its role as a major driver of the company's overall sales growth.

Compared to the automotive market, robotics terminals are more diverse in form and operate in more complex scenarios, demanding higher standards for sensor miniaturization, reliability, power efficiency, cost, and adaptation speed.

ROBOSENSE's achievement of scaled delivery in this market first demonstrates that its product capabilities have successfully extended from automotive to a wider range of intelligent terminals.

The E-platform fully solid-state digital LiDAR is the core product driving the robotics segment's growth.

The platform's first product, the E1, is the world's first mass-produced fully solid-state LiDAR, offering significantly superior stability and consistency compared to consumer-grade perception hardware, making it suitable for diverse applications including home appliances, autonomous mobility terminals, and humanoid embodied intelligence.

By April 2026, cumulative deliveries for this series surpassed 300,000 units, setting a new industry production record.

Leveraging its general-purpose hardware and unified chip architecture, the company has established coverage across multiple sub-segments.

In the consumer and commercial equipment field, ROBOSENSE has long-term partnerships with major manufacturers like Ninebot and Kuma, and in 2026 it secured a strategic collaboration with Roborock.

In the high-end intelligent equipment sector, the company has deep engagements with leading humanoid and quadruped robot firms such as Zhiyuan, Unitree, and Galaxy General.

To date, the company serves over 3,400 robotics enterprises globally, placing its ecosystem at the forefront of the industry.

Data from multiple third-party agencies shows that ROBOSENSE has maintained the top position in global 3D LiDAR shipments for robotics for several consecutive quarters, leading in five specific sub-fields: global robotic lawn mowers, commercial cleaning and sanitation robots, Chinese humanoid robots, Chinese unmanned delivery vehicles, and Chinese embodied robots.

For a robotics market still in a phase of rapid iteration, early customer acquisition and scenario coverage typically generate strong compounding effects, which in turn drive continuous optimization of product definition, delivery experience, and scale-driven cost advantages.

Beyond LiDAR, ROBOSENSE is also advancing multi-modal perception solutions like vision fusion.

As robots demand enhanced capabilities for environmental recognition, close-range obstacle avoidance, and task execution, the fusion of LiDAR and vision is expected to become a key extension of the company's perception product portfolio.

Automotive Business Boasts Strong Order Book, Premium and Global Focus Strengthens Foundation

The automotive ADAS business serves as ROBOSENSE's stabilizing anchor.

In the front-view main LiDAR market for passenger vehicles priced above 500,000 RMB, ROBOSENSE holds a commanding 61% market share.

As of March 31, 2026, the company had secured design wins from 36 automakers for 177 vehicle models, with an order backlog exceeding 9 million units.

The value of the automotive business extends beyond current sales and order reserves; it also encompasses the automotive-grade reliability, manufacturing consistency, and supply chain management capabilities honed through long-term front-load mass production processes.

As L2+ advanced driving assistance systems continue to penetrate more vehicle segments, the value of LiDAR for safety redundancy and complex scenario perception becomes increasingly prominent.

The company's digital combination of the "EM4 main radar + E1 blind spot radar" offers a balance of long-range detection, full-coverage blind spot monitoring, and strong anti-interference capabilities, suitable for complex road conditions across all scenarios, and has gained recognition from several leading autonomous driving companies.

The automotive business provides stability, while the robotics business offers growth elasticity; together, these two lines are prompting the market to reassess the growth trajectory of ROBOSENSE's LiDAR business.

Historically, the valuation framework for LiDAR companies was more closely tied to the automotive front-load cycle, vehicle model SOP timelines, and per-vehicle adoption rates.

With the rising contribution from non-automotive business, ROBOSENSE's growth drivers are expanding from a single automotive cycle to encompass both intelligent vehicles and robotics terminals.

This shift in shipment structure is enhancing the elasticity of the company's long-term growth potential.

Self-Developed Chip System Forms Core Internal Driver, Cross-Scenario Reuse Unleashes Growth Momentum

While concurrent demand from dual external scenarios is a common industry opportunity, ROBOSENSE's ability to achieve high growth in both automotive and robotics terminals stems primarily from its fully self-developed digital chip system.

In April 2026, the company launched its "Genesis" digital architecture platform and two self-developed chips, "Phoenix" and "Peacock".

The Phoenix chip supports 2160 lines, has passed AEC-Q100 automotive-grade certification, enables ultra-long-range detection up to 600 meters and precise small-target recognition, and a 4-megapixel high-definition LiDAR solution based on this chip has already secured design wins from leading automakers.

The Peacock chip meets VGA-level 3D imaging standards, features an ultra-wide field of view of 180°×135°, and offers close-range detection capability of less than 5 cm, addressing robots' needs for near-field blind spots and full-domain perception while also covering automotive blind spot scenarios, with mass production expected in the third quarter.

The value of this chip system lies in its cross-platform reusability.

The automotive business validates high reliability and mass manufacturing capabilities, while the robotics business amplifies the value of generalization, miniaturization, and rapid adaptation, creating synergies under the same digital technology framework.

Combined with experience from over a million units of automotive-grade mass production, the company has established a complete closed loop encompassing underlying chips, product platforms, manufacturing systems, and supply chain capabilities.

Analysis points out that full-stack technological upgrades will strengthen the company's long-term product value and market positioning in the era of physical AI, and are expected to drive continuous optimization of the cost structure and gross margin improvement.

From a market perspective, intelligent driving and robotics are jointly expanding the demand boundaries for the LiDAR industry.

Research data indicates the global ADAS LiDAR market is projected to reach $19.7 billion by 2030, with a CAGR of 59.8% from 2025 to 2030.

Concurrently, the adoption rate of perception hardware in robotics continues to rise, with the global LiDAR overall solution market expected to climb to $41.3 billion by 2030, representing a CAGR of 63.7%.

In this evolving landscape, ROBOSENSE, supported by its digital chips and anchored by its dual automotive and robotics businesses, is well-positioned to capture the incremental demand driven by the expansion of physical AI terminals.

Final Remarks

2026 is a pivotal year for ROBOSENSE as it iterates its operational structure and upgrades its growth logic.

The first-half sales data further confirms the transformation in the company's business mix: the automotive segment solidifies the volume foundation, the robotics segment opens up high-elasticity growth space, and the self-developed digital chip system supports the reuse of products and manufacturing capabilities across more physical AI terminals.

Long-term, as applications like intelligent driving, Robotaxi, unmanned delivery, commercial cleaning, and humanoid/quadruped robots continue to develop, LiDAR, as a core hardware for 3D spatial perception, still holds significant room for further market penetration.

ROBOSENSE will continue to focus on LiDAR as its core, strengthen its self-developed chip and digital architecture capabilities, stabilize its automotive foundation, expand its robotics advantage, and explore the long-term development boundaries of the physical AI era through multi-category innovative business ventures.

Backed by automotive-grade mass production experience, a global customer network, and digital architecture capabilities, ROBOSENSE is extending its reach from a leading automotive LiDAR provider to a cross-scenario perception platform for the era of physical AI.