Seyond, a supplier of image-grade LiDAR systems, has cleared its listing hearing with the Hong Kong Stock Exchange as of Nov. 12, marking a key advancement toward its planned public offering.
According to its updated prospectus, the company delivered about 181,000 automotive-grade LiDAR units in the first nine months of 2025, representing a 7.7% increase from the same period a year earlier.
See also: Seyond Faces Patent Lawsuit From Hesai Ahead of Hong Kong Listing
Seyond also reported four consecutive quarters of positive gross profit from Q4 2024 to Q3 2025, indicating improved operational efficiency and tighter cost control.
The company’s flagship Falcon LiDAR has surpassed 600,000 cumulative deliveries as of the third quarter of 2025, which Seyond says reflects both its high-performance characteristics and its ability to scale mass production.
Beyond its established relationship with Nio, Seyond has recently secured new nominations from three major Chinese automakers and one leading Sino-foreign joint venture, with volume production for these programmes expected to begin by the end of 2025.
See also: LiDAR Maker Seyond Secures CSRC Approval for Hong Kong Listing via SPAC Merger
Seyond is also extending its technology portfolio beyond passenger vehicles. The company has received mass-production orders in the commercial vehicle and robotics sectors from DeepWay, Shaanxi Heavy Duty Automobile, Inceptio Technology, and Zelos Technology.
The company notes that it is among the limited number of LiDAR manufacturers capable of mass-producing both 1,550-nm high-performance platforms and 905-nm cost-focused systems, enabling it to offer a full product lineup that covers premium and mainstream market segments.
