Hosai Technology officially landed on NASDAQ, becoming "the first unit of lidar in China"

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com February 10 news, Wesai Technology announced last night in the United States NASDAQ stock market officially listed under the stock symbol "HSAI", the initial public offering price of $19.0 per share.

▲ Touyuan: as of the close of trading today, Wesai Technology shares rose 10.79% to $21.05, with a total market capitalization of $2.621 billion (currently about 17.797 billion yuan).

As a lidar R & D and manufacturing company, Wesai technology products are used in passenger and commercial vehicles that support Advanced Auxiliary driving system (ADAS), as well as self-driving vehicles. According to the prospectus, Wesai Technology shipped more than 80400 lidars in 2022, ranking first in the world.

By the end of 2022, the cumulative delivery volume of Hosai technology lidar products has exceeded 100000. Hosai's customers include major global automakers, self-driving and robotics companies in 40 countries and more than 90 cities around the world.

▲ Wesai Technology pure solid close-up lidar CTOnews.com learned from the Wesai Science and Technology website that Wesai Technology has 1010 employees, 70% of whom are R & D personnel, 350 patents have been granted and 713 patents are pending.