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On August 26, 2025, the official website of the China Securities Regulatory Commission (CSRC) announced that Hesai Technology, also known as Hesai Group, had submitted materials for overseas issuance and listing registration. The company intends to issue no more than 51,236,200 ordinary shares for listing on the Hong Kong Stock Exchange. This move signifies that after its Nasdaq listing in February 2023, this pioneering domestic LiDAR company is set to tap into the capital markets once again. Hesai Technology specializes in the research, development, and manufacturing of LiDAR technology, with its products extensively utilized in autonomous vehicles, Advanced Driver Assistance Systems (ADAS), mobile robots, and various other applications. This Hong Kong IPO is poised to further enhance its capital market presence and drive its growth.
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