Supplier News

Hesai plans to raise up to $500 million in its secondary listing in Hong Kong, with shares set to begin trading on September 16.

Hesai did not disclose the name of the Toyota joint venture, but said that the automaker's models equipped with its ATX LiDAR will go into mass production in 2026.

UBTech's new generation humanoid robot Walker S2 supports battery swap and can autonomously complete battery replacement in 3 minutes without shutting down.

Chinese LiDAR maker RoboSense delivered its one millionth automotive LiDAR, becoming the first company in the world to hit this milestone.

The auto group's models equipped with Seyond products will go into mass production in 2026, with sales expected to reach hundreds of thousands over the next three years.

Hesai is the second Chinese company after Pony AI to be reported this month to have confidentially filed for a Hong Kong listing.

Hesai's ATX LiDAR will be used in multiple production models of Leapmotor from 2025 onwards.

Hesai will break ground on its first overseas project by the end of this year, targeting production in 2026, according to the Financial Times.

This is the first time a foreign automaker has sought to apply this Chinese-made technology to models sold outside China, according to Reuters.

RoboSense expects to get up to HK$1 billion from the new share placement, with 70 percent of the money to be used for research and development, with a focus on robotics.