Hesai Group $HSAI, the world’s leading manufacturer of LiDAR sensors, has confidentially filed for a possible listing on the Hong Kong Stock Exchange (HKEX). Already traded on the Nasdaq in New York, the Shanghai-based tech company is reportedly working with several banks to facilitate this potential move, which could unfold later this year. The listing is expected to bolster Hesai’s position across Asian and international markets.

In a strategic pivot aimed at advancing autonomous driving technology, Mercedes-Benz Group AG $MBG.DE has signed a new development and integration agreement with Luminar Technologies Inc. $LAZR, shifting away from existing sensor supply deals in favor of Luminar’s upcoming Halo lidar platform. This marks a critical milestone for both companies as they push the envelope in the race for safer, smarter autonomous mobility.