Hesai Group's US shares continue to surge, and the monthly delivery volume of LiDAR hits a new record (with related stocks)
Overnight, the share price of Hesai Group rose by 16%, and the share price in three months has been four times higher.
Hesai Group announced on December 30 that the delivery volume of LiDAR in December 2024 will exceed 100,000 units, becoming the first LiDAR company in the world to achieve a monthly delivery volume of over 10,000 units.
Hesai Group delivered more than 20,000 LiDARs to the robot market in a single month, covering mobile robots, delivery robots, cleaning robots, and lawn mowing robots.
Great Wall Securities said that with the continuous improvement of the recognition of the importance of LiDAR in smart driving by domestic and foreign manufacturers, LiDAR may usher in a large-scale application.
Puyin International released a research report saying that Chinese LiDAR manufacturers are catching up and leading in the automotive application market.
On the one hand, Chinese manufacturers have achieved on-board and mass production in 2022 and have a decisive advantage in terms of revenue and shipment volume in 2023; and overseas suppliers have further lost their project points due to slow production, and Hesai Group and Speedten have won nearly 80% of the project cooperation points in the world, laying a solid foundation for the basic volume of shipments in the next 2-3 years. On the other hand, the potential market size of the industry provides each other with sufficient expansion space, and the two leading LiDAR manufacturers are still in a good competitive position in the industry.
LiDAR manufacturing companies in Hong Kong stocks:
Speedten Intelligent (0498): Speedten Intelligent (RoboSense) was established in 2014 and headquartered in Shenzhen, a leading LiDAR technology company in China, covering LiDAR hardware, HyperVision fusion perception software, and integrated solutions. The Company's revenue in the first three quarters was RMB1.135 billion, up 91.51% YoY, exceeding the total revenue of 2023. The cumulative sales volume of LiDAR in the first three quarters reached 381,900 units, up 259.6% YoY; as of the end of Q3, the Company's historical cumulative total sales volume of LiDAR exceeded 720,000 units, breaking the industry delivery record. The Company's high-end autonomous driving and robot business grew rapidly. The L4 autonomous driving business has obtained SOP cooperation points from several leading L4+ autonomous driving companies. In the robot business, the Company has cooperated with several important customers in industry, commerce, and consumer levels using the E LiDAR platform, completed the co-development of new products in different vertical fields, and is expected to deliver products within the next 18 months.