---
title: "Jefferies Cuts ROBOSENSE  TP to HKD41.7, Rating Buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288504967.md"
description: "Jefferies maintained a Buy rating for ROBOSENSEbut lowered its target price from HKD50.8 to HKD41.7. The report highlights strong LiDAR demand in China, with April installations up 114% YoY. However, market share is fragmenting; HESAI leads at 34.7%, followed by Huawei and SEYOND. ROBOSENSE's share dipped 6.7 ppts YoY to 11.8%. First-four-month 2026 installations surged 157% YoY."
datetime: "2026-06-03T02:15:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288504967.md)
  - [en](https://longbridge.com/en/news/288504967.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288504967.md)
generator: "portal-rs"
---

# Jefferies Cuts ROBOSENSE  TP to HKD41.7, Rating Buy

Jefferies said in a report that LiDAR demand remains strong, but shifts in market share highlight an increasingly fragmented competitive landscape. Chinas LiDAR installations in April rose 114% YoY and 14% MoM to 378,000 units. Penetration in traditional passenger vehicles reached 19%, up 11 ppts YoY, while penetration in new energy vehicles reached 32%, up 16 ppts YoY.

The report noted continued divergence in market share trends. HESAI-W (02525.HK) +6.400 (+3.931%) Short selling $34.58M; Ratio 14.990% maintained its leading position with a 34.7% share, up 5.5 ppts YoY but down 3.2 ppts MoM. Huawei rebounded to 26.8% in April, up 3.5 ppts MoM, but still down 13.3 ppts YoY. SEYOND (02665.HK) +0.010 (+0.130%) and ROBOSENSE (02498.HK) +0.020 (+0.062%) Short selling $5.21M; Ratio 3.357% showed mixed performance, accounting for 12.8% and 11.8% market share, respectively, representing a YoY increase of 0.7 ppts and a YoY decrease of 6.7 ppts; on a MoM basis, they fell 4.4 ppts and rose 1.1 ppts, respectively.

In the first four months of 2026, LiDAR installations surged 157% YoY to 1.3 million units. HESAI-W, Huawei, SEYOND and ROBOSENSE accounted for 34%, 31%, 16% and 12% of the total, respectively. Jefferies cut its TP for ROBOSENSE (02498.HK) +0.020 (+0.062%) Short selling $5.21M; Ratio 3.357% from HKD50.8 to HKD41.7, while maintaining a Buy rating. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**