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25971 MBHESAI@EC2608A (CALL)
RT Nominal up0.195 +0.022 (+12.717%)

16/10/2025 14:40

{I-bank focus}Daiwa starts Hesai (02525) at HKD264

[ET Net News Agency, 16 October 2025] Daiwa initiates coverage of Hesai (02525) with a
target price of HKD264 and a "buy" rating.
The research house said it expects Hesai to deliver a total of 1.46m LiDARs in 2025, up
191% YoY. (rc)

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