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Sep 19, 15:38
Hesai's HK debut values lidar pioneer at US$4.6 billion, CEO tempers autonomy hype
Chinese lidar maker Hesai Technology made its Hong Kong trading debut on September 16, completing a dual primary listing alongside Nasdaq. Shares jumped more than 10% within minutes, lifting its market value above HK$36 billion (US$4.6 billion), according to National Business Daily and Futunn. The rally highlighted investor confidence in both the fast-growing lidar sector and Hesai's accelerating commercial expansion.
With the rise of emerging industries such as artificial intelligence (AI), data centers, and robotics, the global electronic connector industry is experiencing tremendous business opportunities, though competition is also intensifying. Secretary General of the Taiwan Electronic Connector Association, Yung-Chuan Peng, pointed out that while Taiwan's connector industry continues to grow, the rapidly changing environment and geopolitical landscape require careful evaluation and strategic planning before making investments. In particular, maintaining competitive strength and long-term strategies will be key to future success.
Nanyang Industries, a subsidiary of Sanyang Motor, unveiled two new Hyundai models — the Staria Van and Staria Camper — in Taiwan on Tuesday, signaling an ambitious push to grow its presence in the island's commercial and recreational vehicle markets.
Japan and European countries are strengthening their collaboration to mitigate geopolitical tensions and supply chain vulnerabilities stemming from tensions between the US and China. On September 15, 2024, Japan's Ministry of Economy, Trade and Industry (METI) announced expanded cooperation with the European Union (EU), particularly focusing on the battery supply chain, as reported by Yomiuri Shimbun and Nikkei Asia. This move is part of broader partnerships aimed at advancing technology industries, green energy, and satellite sectors.
A one-two punch of artificial intelligence (AI) and electric vehicles (EVs) is sparking a new era of structural change across global industries. The surging demand for AI computing power is creating an urgent need for lightning-fast data transfer and a massive, reliable energy supply. At the same time, a flood of government incentives and private investment is supercharging growth in the EV market.
The Trump administration's tariffs on automobiles and auto parts from Japan, though reduced to 15%, continue to weigh heavily on Japanese manufacturers. The US Department of Commerce has also signaled it may impose new duties on auto parts in the coming weeks, citing national security concerns, further fueling industry uncertainty.
Chinese electric vehicle maker Xpeng has begun European production in partnership with Magna Steyr, using the Austrian contract manufacturer's Graz plant to assemble its G6 and G9 models. The collaboration marks a pivotal step in Xpeng's push to localize operations, bypass trade barriers, and establish a lasting presence in the European market.

A dramatic accident unfolded during a rehearsal for the Changchun Air Show this week, when two XPeng AeroHT manned electric vertical takeoff and landing (eVTOL) aircraft collided midair while performing a formation flight. One of the aircraft crashed and caught fire upon landing, sending thick black smoke billowing across the runway.

Cub Elecparts, a long-time developer of automotive electronic sensors and advanced driver assistance systems (ADAS), announced on September 18 its official entry into the counter-unmanned aerial system (C-UAS) market, extending its civilian sensing technologies into high-barrier defense technology.
As the European Union imposes steep anti-subsidy tariffs on Chinese-made battery electric vehicles (BEVs), a new mode of cross-border cooperation is quietly reshaping the continent's automotive landscape.
As the world races ahead with cutting-edge advances in artificial intelligence, the automotive sector faces a quieter but potentially disruptive challenge: the slow, steady disappearance of legacy semiconductor manufacturing.
Martin Eberhard, Tesla's co-founder, recently shared his entrepreneurial insights and outlook on the future of electric vehicles (EVs) in South Korea. He emphasized that the key to EV adoption lies in the accessibility of charging infrastructure and the cost curve. Eberhard also praised South Korean EV brands for their global competitiveness, stating that Hyundai Motor is likely to be the maker of the next breakthrough EV.