Shanghai (Gasgoo)- Seyond, a global provider of image-grade LiDAR systems, began trading on the HKEX on December 10, marking its official debut on the bourse's main board.
The company entered the market through a De-SPAC transaction, becoming only the third firm to complete such a listing on HKEX. The deal raised roughly HK$1.03 billion, a result that underscores investors' confidence in the fast-expanding LiDAR sector and highlights Seyond's reputation for advanced technology, commercial readiness and ecosystem-building capability.
Founded in 2016, Seyond has built its business around a vision of advancing human safety through next-generation 3D perception technologies, positioning itself as a pioneer in high-resolution LiDAR innovation.
Over nearly a decade, the company has established a global R&D footprint spanning Silicon Valley, Suzhou and Shanghai, drawing top engineering talent to advance core perception technologies. Its manufacturing bases in Suzhou, Deqing and Pinghu are built to automotive-grade standards with high levels of automation. Leveraging China's mature supply chain and production ecosystem, Seyond has been able to tightly control key manufacturing processes and support large-scale, stable deliveries of automotive LiDAR units.
Seyond is among the first companies globally to bring both 1,550 nm and 905/940 nm LiDAR architectures to mass production. This dual-track strategy has helped it evolve from an early disruptor in automotive LiDAR to a broader enabler of intelligent machines, supporting a product portfolio and customer base that span multiple categories and application scenarios.
In the automotive sector, the company is expanding across both premium and mainstream segments. Its LiDAR systems are already deployed at scale in vehicles from NIO, DeepWay, Inceptio Technology, Shaanxi Heavy Duty Automobile and EACON. Seyond has also secured designated orders from ten additional OEMs and ADAS/ADS developers, including three state-owned automakers, a major Sino-foreign joint venture and several leading players in commercial vehicles, EV passenger cars and ride-hailing fleets. These collaborations aim to support customers transitioning from L2+ advanced driver assistance to L4-level autonomy.
Beyond automotive, Seyond's LiDAR technologies are being deployed in robotics, last-mile logistics, smart-city infrastructure, intelligent highways, rail systems, sanitation automation, low-altitude aerial applications and industrial automation.
The China Insights Consultancy ("CIC") forecasts that the global LiDAR solutions market will surge from US$3.5 billion in 2025 to US$41.3 billion by 2030, representing a compound annual growth rate of nearly 64%. Seyond's public listing, the firm says, will help accelerate its own technology roadmap and application expansion, while also injecting momentum into the broader industry as it moves toward standardization, scale and ecosystem-driven development.
