https://www.scmp.com/rss/523531/feed The latest news and top stories on the Hesai Group. A leading entity in the technology sector, Shanghai-based the Hesai Group specialises in three-dimensional lidar solutions. It primarily serves global automotive OEMs, autonomous vehicle and robotics companies, providing products for advanced driver assistance systems and autonomous mobility. Hesai is a global leader in automotive lidar, holding significant market share and achieving non-GAAP profitability. Despite a US court ruling upholding... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Wency Chen,Yulu Ao Wency Chen,Yulu Ao Manycore Tech, a spatial design software developer and one of Hangzhou’s fast-rising “Six Little Dragons”, launched its Hong Kong initial public offering (IPO) on Thursday, aiming to raise about HK$1.02 billion (US$130 million). Manycore is issuing about 161 million shares, of which 90 per cent have been set aside for institutional investors and the rest for retail investors in Hong Kong. The shares are priced between HK$6.72 and HK$7.62 each, valuing the company at between HK$11.4 billion and... https://www.scmp.com/tech/article/3349471/hangzhou-six-little-dragons-member-manycore-seeks-us130m-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/tech/article/3349471/hangzhou-six-little-dragons-member-manycore-seeks-us130m-hong-kong-ipo?utm_source=rss_feed Thu, 09 Apr 2026 05:09:20 +0000 Daniel Ren Daniel Ren China’s two biggest makers of lidar sensors for cars, Hesai Group and RoboSense Technology, have ramped up investments in robotics products as the country consolidates its leading position in building a global supply chain for the fast-growing sector. Shanghai-based Hesai, the world’s largest producer of lidar sensors that help cars map terrain, planned to spend 200 million yuan (US$28.9 million) this year to design and manufacture “eyes and muscles” for robots, creating a new growth engine... https://www.scmp.com/business/china-business/article/3347995/chinas-lidar-giants-pivot-robotics-jensen-huang-praises-chinese-supply-chain?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347995/chinas-lidar-giants-pivot-robotics-jensen-huang-praises-chinese-supply-chain?utm_source=rss_feed Thu, 26 Mar 2026 09:12:13 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks extended their rebound on Wednesday on signs that a diplomatic solution to Middle East tensions was making progress. The Hang Seng Index rose 1.1 per cent to 25,335.95 at the close, adding to a 2.7 per cent gain a day earlier. Technology stocks advanced, driving the Hang Seng Tech Index up by 1.9 per cent, after China’s anti-monopoly regulator called for an end to the price war in the on-demand food delivery market. On the mainland, the CSI 300 Index climbed 1.4 per cent and the... https://www.scmp.com/business/china-business/article/3347782/hong-kong-stocks-extend-rebound-signs-diplomatic-path-iran-conflict?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347782/hong-kong-stocks-extend-rebound-signs-diplomatic-path-iran-conflict?utm_source=rss_feed Wed, 25 Mar 2026 02:03:21 +0000 Cao Li Cao Li Global index provider MSCI revised its China gauge on Wednesday, swapping property and conglomerates for semiconductor and artificial intelligence stocks in a sign of technology’s rising role in the economy. The MSCI China Index added tech stocks including SenseTime, Pony.ai and Hesai Technology for a second straight quarter of net constituent growth since late 2025, a move analysts said would accelerate capital flows into the country’s technology sector. Against a macro backdrop of a relatively... https://www.scmp.com/business/markets/article/3343220/index-compiler-msci-tilts-towards-chinese-tech-stocks-latest-revamp?utm_source=rss_feed https://www.scmp.com/business/markets/article/3343220/index-compiler-msci-tilts-towards-chinese-tech-stocks-latest-revamp?utm_source=rss_feed Wed, 11 Feb 2026 23:30:08 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) supply chain vendors are adding another dimension to their go-global drive: designing batteries and lidar sensors for models by international marques that cater to overseas drivers. As leading players like BYD secure mega deals with major carmakers like Ford, Chinese automotive suppliers that once trailed their global peers are now stamping their authority on the EV sector. Chinese vendors were enjoying an overwhelming advantage over their international rivals in... https://www.scmp.com/business/china-business/article/3340467/chinese-automotive-suppliers-speed-localisation-increase-global-market-share?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340467/chinese-automotive-suppliers-speed-localisation-increase-global-market-share?utm_source=rss_feed Mon, 19 Jan 2026 23:30:09 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s EV sector doubles down on discounts and cheap financing as growth cools Electric vehicle makers have kicked off a fresh round of price cuts in mainland China at the start of 2026, despite Beijing’s repeated calls to curb “involution”, as pressure on margins and survival... https://www.scmp.com/business/china-evs/article/3338852/tesla-hits-record-sales-chinese-carmakers-eye-third-global-market-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3338852/tesla-hits-record-sales-chinese-carmakers-eye-third-global-market-7-ev-reads?utm_source=rss_feed Wed, 07 Jan 2026 04:28:24 +0000 Daniel Ren Daniel Ren Hesai Group, the world’s largest maker of vehicle lidar sensors, has struck a partnership with US chip giant Nvidia to help develop an autonomous driving platform, as the Shanghai-based firm pushes its global expansion to serve more international marques. Hesai said on Tuesday that its light detection and ranging sensors – which use laser beams to measure distances to objects – would be supplied to support Nvidia’s Drive Hyperion platform, which is designed to meet the level 4 (L4) self-driving... https://www.scmp.com/business/china-business/article/3338909/nvidia-chooses-chinas-hesai-lidar-sensors-hyperion-autonomous-driving-platform?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338909/nvidia-chooses-chinas-hesai-lidar-sensors-hyperion-autonomous-driving-platform?utm_source=rss_feed Tue, 06 Jan 2026 08:27:36 +0000 Daniel Ren Daniel Ren Nearly 270,000 cars with self-driving systems that allow drivers to be “hands off” under certain conditions will be sold in China next year as Beijing allows carmakers to build such vehicles, according to Daiwa Securities. This volume is projected to represent about 1 per cent of China’s total new car sales in 2026, as the expanding adoption of advanced driver assistance systems (ADAS) is poised to stimulate the world’s largest automotive and electric vehicle (EV) market amid waning... https://www.scmp.com/business/china-business/article/3337224/chinas-approval-l3-self-driving-cars-stimulate-slowing-mainland-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337224/chinas-approval-l3-self-driving-cars-stimulate-slowing-mainland-market?utm_source=rss_feed Sun, 21 Dec 2025 23:30:12 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) leader BYD has reinforced its push to build and sell more cars fitted with level 3 (L3) autonomous driving systems after Beijing took its first step towards deregulating the technology. The company collaborated with authorities in Shenzhen, where it was based, to test some of its cars ahead of mass production, according to China Business News. BYD confirmed the report, adding that it had completed more than 150,000 kilometres of real-world L3 testing. The company... https://www.scmp.com/business/china-business/article/3336841/byd-ups-ante-l3-autonomous-cars-begins-testing-models-mass-production?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336841/byd-ups-ante-l3-autonomous-cars-begins-testing-models-mass-production?utm_source=rss_feed Thu, 18 Dec 2025 03:11:51 +0000 Daniel Ren Daniel Ren Beijing has approved China’s first two cars with level 3 (L3) autonomous driving capability, taking a leap towards widely deploying self-driving technology in the world’s largest automotive market. The Ministry of Industry and Information Technology (MIIT) announced on Monday that Changan Automobile and BAIC were given the go-ahead to build electric vehicles (EVs) that would allow drivers to be hands off in some circumstances. But the cars, both pure EVs, could only navigate urban streets and... https://www.scmp.com/business/china-business/article/3336522/beijing-approves-first-two-l3-autonomous-cars-leap-towards-hands-driving?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336522/beijing-approves-first-two-l3-autonomous-cars-leap-towards-hands-driving?utm_source=rss_feed Tue, 16 Dec 2025 00:30:09 +0000 Daniel Ren Daniel Ren Preparations are well under way in China’s auto industry for the next generation of autonomous-driving features, even before Beijing clears the regulatory road ahead, according to the chief financial officer of the world’s largest maker of automotive lidar sensors. Hesai Group is prepared to supply its light detection and ranging sensors – which employ laser beams to measure distances to objects – and other technologies for premium models with level 3 (L3) self-driving capabilities, Andrew Fan... https://www.scmp.com/business/china-business/article/3332536/chinas-car-industry-gears-next-level-self-driving-tech-sensor-maker-hesai?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3332536/chinas-car-industry-gears-next-level-self-driving-tech-sensor-maker-hesai?utm_source=rss_feed Thu, 13 Nov 2025 00:30:09 +0000 Bochen Han Bochen Han Chinese drone maker DJI has appealed a US federal court’s decision that it should remain on the Pentagon’s blacklist of companies allegedly linked to China’s military. The Shenzhen-based company filed the appeal on Monday to the US Court of Appeals for the DC Circuit. DJI filed a lawsuit last October, arguing that it is not owned or controlled by the Chinese military and does not contribute to China’s defence industrial base. The drone manufacturer, which sells over half of all US commercial... https://www.scmp.com/news/us/economy-trade-business/article/3329031/china-drone-maker-dji-appeals-inclusion-pentagons-chinese-military-companies-list?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3329031/china-drone-maker-dji-appeals-inclusion-pentagons-chinese-military-companies-list?utm_source=rss_feed Tue, 14 Oct 2025 18:20:57 +0000 Daniel Ren Daniel Ren Pony.ai and WeRide, two leading robotaxi operators in mainland China, have taken their first steps towards share offerings on the Hong Kong stock exchange by filing fundraising plans with the securities regulator. They will join a clutch of mainland companies seeking to tap global investors’ growing interest in China’s electric vehicle (EV) industry as the key players accelerate their global expansion plans. According to documents published by the China Securities Regulatory Commission on... https://www.scmp.com/business/banking-finance/article/3329012/chinese-robotaxi-firms-ponyai-weride-road-hong-kong-ipos-after-regulator-nod?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329012/chinese-robotaxi-firms-ponyai-weride-road-hong-kong-ipos-after-regulator-nod?utm_source=rss_feed Tue, 14 Oct 2025 13:08:00 +0000 Bochen Han Bochen Han A US federal judge on Friday rejected a push by Shenzhen-based DJI, the world’s largest drone manufacturer, to be removed from the Pentagon’s blacklist of companies allegedly linked to China’s military. In his opinion, US District Judge Paul Friedman in Washington said the Department of Defence had substantial evidence supporting its finding that DJI, which accounts for over half of all US commercial drones, contributes to the “Chinese defence industrial base”. DJI had filed a suit last October... https://www.scmp.com/news/us/article/3327057/drone-maker-dji-loses-lawsuit-against-pentagon-claim-chinese-military-ties?utm_source=rss_feed https://www.scmp.com/news/us/article/3327057/drone-maker-dji-loses-lawsuit-against-pentagon-claim-chinese-military-ties?utm_source=rss_feed Fri, 26 Sep 2025 18:02:27 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. “There has been an active stream of listings of electric vehicle [makers and companies in the] EV supply chain, energy storage and hydrogen energy on the Hong Kong stock exchange,” said Salina Yan Mei-mei,... https://www.scmp.com/business/banking-finance/article/3325033/hkex-reforms-turned-city-worlds-top-fundraising-hub-ev-makers-official?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325033/hkex-reforms-turned-city-worlds-top-fundraising-hub-ev-makers-official?utm_source=rss_feed Wed, 10 Sep 2025 08:35:00 +0000 Reuters Reuters A United States court has ruled against China-based Hesai Group in the lidar sensor manufacturer’s lawsuit against the US government for adding it to a blacklist of companies allegedly working with Beijing’s military. The US District Court for the District of Columbia on Friday ruled that the US Defence Department’s finding that Hesai contributes “to the Chinese defence industrial base” is supported by substantial evidence reflecting lidar’s military application, national security concerns... https://www.scmp.com/tech/tech-war/article/3317960/chinese-lidar-maker-hesai-loses-lawsuit-against-us-government-blacklisting?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3317960/chinese-lidar-maker-hesai-loses-lawsuit-against-us-government-blacklisting?utm_source=rss_feed Sat, 12 Jul 2025 03:21:50 +0000