ROBOSENSE has initiated a repurchase of nearly HKD 10 million, with its self-developed laser radar full-chain chip reaching automotive-grade standards
On October 17th, ROBOSENSE repurchased 290,000 shares at a cost of HKD 9.9175 million, with the repurchase price ranging from HKD 33.84 to HKD 34.5, demonstrating confidence in the stock price and future development. At the same time, the company's self-developed lidar chip has passed automotive certification, making it the only company in the world to achieve full-chain self-research in core technology. The new generation EM platform products have entered large-scale production and have received designated orders from multiple vehicle manufacturers. Policy support has also provided a favorable environment for the company's development
According to Zhitong Finance APP, on October 17th, ROBOSENSE (02498) announced that it spent HKD 9.9175 million to repurchase 290,000 shares, with a repurchase price range of HKD 33.84 to HKD 34.5 per share. This repurchase is a positive signal to the market based on the company's judgment of the current stock price and its firm confidence in future sustainable development.
At the same time, the company has achieved significant milestones in core technology. Last week, ROBOSENSE announced that its self-developed SPAD-SoC chip and two-dimensional addressable 2D VCSEL chip have successfully passed AEC-Q series automotive certification. The company has become the only technology enterprise in the world to achieve automotive-grade standards for all three core links of digital lidar in launching, receiving, and processing with self-developed chips.
Based on breakthroughs at the chip level, its new generation EM platform products have fully entered large-scale production. Among them, EM4 is currently the only mass-produced lidar with over 500 lines, and E1 is the only fully solid-state lidar that has been mass-produced and delivered. The EM platform has secured designated orders for 45 models from 8 leading global automakers, bringing the total number of designated order models to 133.
The industry is also welcoming favorable policies. China's national standard "Safety Requirements for Intelligent Connected Vehicle Combination Driving Assistance Systems" has recently solicited opinions, officially incorporating lidar into the standard system for intelligent connected vehicle combination driving assistance systems in China for the first time. The resonance of core technological breakthroughs, product mass production, and policy dividends is continuously consolidating ROBOSENSE's market-leading position
