On July 31, HESAI-W-NEW rose 5.04% in regular trading, trading at 16.68 HKD/share, with turnover of 71.49 million HKD.
On the news front, Hesai announced that its automotive-grade ultra-long-range ETX lidar has secured a new design win from Great Wall Motors, with mass production expected to begin by end of this year. The ETX platform supports configurations of over 1,000 lines including 1,080, 2,160, and 4,320 options, achieving maximum detection range of 600 meters and 400 meters at 10% reflectivity. Great Wall Motors' Wei, Tank, Ora, and Haval brands have all adopted Hesai lidar products across urban commuting, family travel, and off-road scenarios.
Additionally, the company is scheduled to report Q2 and interim results on August 18, with management hosting an earnings call the same day. In Q1, Hesai posted revenue of 681 million yuan, up 29.6% year-over-year, with shipments of 472,000 units representing 140.9% growth. The stock was also recently added to the Shenzhen-Hong Kong Stock Connect eligible securities list, providing multiple positive catalysts.
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