Lidar Maker Hesai Group Is Said to Plan Hong Kong Listing Soon
Hesai Group, the leading global manufacturer of lidar sensors for vehicles, is reportedly planning to list its shares on the Hong Kong Stock Exchange as early as next month. Lidar, a crucial technology for autonomous driving, is a key component in the development of self-driving cars. The planned initial public offering (IPO) is expected to raise significant funds for Hesai Group, which has established itself as a dominant player in the fast-growing lidar market. The company's sensors are used by major automakers and technology companies working on autonomous vehicle projects. The potential Hong Kong listing comes as Hesai Group looks to capitalize on the increasing demand for lidar technology and the ongoing advancements in the autonomous driving industry. The details of the IPO, including the size and timing, are still being finalized, according to the sources familiar with the matter.
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