On August 27, 2025, Bloomberg reported that Hesai Technology, the global frontrunner in automotive LiDAR manufacturing, is gearing up for a potential listing on the Hong Kong Stock Exchange as soon as next month, with the aim of raising approximately $300 million. This announcement follows the China Securities Regulatory Commission's (CSRC) filing notice on August 19, which authorized Hesai Technology to issue no more than 51,236,200 overseas-listed ordinary shares and proceed with its Hong Kong listing. Since its Nasdaq debut in February 2023, Hesai Technology has continued to expand its capital market presence, and this Hong Kong listing is set to further broaden its financial horizons. It's worth noting that while discussions are ongoing, the transaction size and exact timing may undergo adjustments.