Understanding the Market | HESAI-W rose nearly 4% during the trading session as the company's main LiDAR installation volume steadily increases, with an annual production capacity planned to exceed 2 million units

HESAI-W rose nearly 4% during the session, and as of the time of writing, it is up 3.63%, priced at HKD 188.4, with a transaction volume of HKD 38.6554 million. According to HESAI's official Weibo account and data from the Gaishi Research Institute, from January to August 2025, the cumulative installation of main laser radars in China's front-mounted mass production sector reached 1.31 million units, of which HESAI Technology accounted for 510,000 units. The monthly installation volume of HESAI laser radars has increased from 33,485 units to 97,583 units, nearly tripling. HESAI's main laser radar market installation volume has steadily grown, maintaining the industry leader position for seven consecutive months. It is reported that HESAI plans to achieve an annual production capacity of over 2 million units in 2025, with an expected annual delivery volume of 1.2 million to 1.5 million units. This year, HESAI laser radars have supported the launch of several popular models, such as Li Auto i6, Xiaomi YU7, and Leapmotor B10. HESAI has secured mass production points for over 120 models from 24 major manufacturers, with plans for delivery from 2025 to 2027. Core clients include a top European manufacturer, a global champion in new energy vehicle sales, Li Auto, Xiaomi, Changan, Geely, Great Wall, Chery, ZEEKR, Leapmotor, SAIC Audi, SAIC-GM, and joint brands under Toyota