Chinese LiDAR supplier Seyond Holdings (HKG: 2665) has secured orders from GAC Group (HKG: 2238) as it works to reduce its reliance on Nio Inc (NYSE: NIO).
Seyond announced the partnership today, saying the first GAC model equipped with its LiDAR products will enter mass production in 2026.
To date, Seyond has secured orders from 14 Chinese automakers and smart driving companies, it said.
GAC's extensive model portfolio and substantial market scale will support optimization and iteration of Seyond's Robin E1X LiDAR, the LiDAR manufacturer said.
Seyond's primary product is the Falcon LiDAR, currently deployed across all Nio-brand models.
The Falcon series long-range LiDAR employs a hybrid solid-state 2D scanning solution with a wavelength of 1,550 nm, achieving a maximum detection range of 500 meters.
The Robin E1X features a smaller form factor but offers reduced performance. Operating at 905 nm, it provides a standard detection range of 200 meters and a maximum range of 250 meters.
Leveraging its dual-wavelength technology strategy of 905 nm and 1550 nm, Seyond continues to expand its business footprint, the company said today.
Founded in 2016 under the name Innovusion, Seyond rebranded in December 2023.
The company's revenue relies primarily on Nio, serving as its sole LiDAR supplier to date. While it mentioned today having secured orders from 14 Chinese automakers and smart driving companies, it previously provided little detail about specific automaker partnerships.
On May 30, Seyond announced it would exclusively supply its 905 nm Robin Series E1X products to multiple brands under a leading Chinese automotive group, without naming the group.
Seyond generated $52 million in revenue during the first five months of 2025, with 86.2 percent coming from Nio, according to its Hong Kong IPO prospectus released earlier this month.
The company debuted on the Hong Kong stock market on December 10 and has risen about 56 percent over the past four trading days.
