Changes in Hong Kong stocks | Tudatong (02665) rose by nearly 20% and continues to set new highs. The listed company is a global provider of image-grade lidar solutions

The Zhitong Finance App learned that Tudatong (02665) rose by nearly 20% and continued to hit a new listing high of HK$17.85. As of press release, it rose 15.43% to HK$17.21, with a turnover of HK$182.12 million.

According to public information, Tudatong is one of the companies that design, develop and produce automotive-grade lidar solutions. According to Insight Consulting data, the company is the world's first supplier of automotive-grade high-performance lidar solutions to achieve mass production. According to the same source, in 2024, the company delivered a total of about 230,000 automotive-grade lidars, ranking fourth in the world in terms of sales revenue from ADAS lidar solutions, with a market share of 12.8%.

It is worth noting that Tudatong is the first company in the world to achieve large-scale mass production of 1550nm high-performance routes, and also has large-scale mass production capabilities for 905nm cost-effective routes, and has built a complete product matrix covering the high-end to mass markets. Among them, the “Falcon” series based on the 1550nm platform has fully verified its high performance and reliability in actual scenarios with large-scale delivery of more than 600,000 units, providing a first-mover advantage for large-scale implementation of advanced intelligent driving at the L3 level and above.