The Zhitong Finance App learned that Hesai-W (02525) rose more than 5%. As of press release, it had risen 5.36% to HK$13.17, with a turnover of HK$329 million.

According to news, on October 14 this year, Hesai released Kosmo, a three-dimensional world data engine, and simultaneously launched the Kosmo One AI space camera and the cloud platform Kosmo World. This marks an important upgrade of Hesai's core infrastructure from lidar to physical AI. According to reports, Kosmo directly hits the “data impossible triangle” of physical intelligence and transforms the real world into sim-ready 3D training data through a one-stop solution of “space camera acquisition+cloud platform reconstruction”, covering the entire process from pre-training to deployment and evaluation.

BOC International believes that in terms of customer development, the company has signed strategic cooperation agreements with Galaxy General Robotics and Force Smart. Relevant 3D data has already been used in the Pixar RenderMan rendering process, and the first batch of 3D commercial scenarios in collaboration with Gaode has also been launched. The bank believes that the current case shows the applicability of the product in different scenarios. Commercialization is still in the early stages, and future attention should be paid to customer expansion, project replication, and continuous revenue contribution.

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