BYD-backed LiDAR giant Robosense stock plunged more by 69%
$BYD COMPANY(01211.HK$ $Tesla(TSLA.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that the share price of LiDAR giant RoboSense plunged, falling by 69% to HK$15.6 as of press time, hitting a new low since its listing, and a 88% drop from the highest price of HK$137.5 on June 11. In less than a month, 4 million.
My Take: In January, BYD's Yang Wang EV model roof-top was found with a LiDAR sensor from RoboSense, a BYD-backed hi-tech company. Many speculate that BYD may plan to use the Robosense Lidar sensor to develop its own autonomous vehicle. Rebosensor is also backed by Alibaba and had partnership with Toyota, Geely, Cainao, Alibaba's logistics arm.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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