NIO Capital Managing Partner Ian Zhu (second from right), Seyond Founder Junwei Bao (second from left), NIO Capital Partner Adair Lyu (first from right), and Managing Director Wendy Ling (first from left) celebrate Seyond's successful listing on the Hong Kong Stock Exchange.

On December 10, Seyond, a portfolio company of NIO Capital, listed on the Hong Kong Stock Exchange (HKEX) via a De-SPAC transaction under the stock code 02665.HK, marking a new phase of growth for the global automotive-grade LiDAR sector. In his address at the ceremony, CEO Junwei Bao emphasized that LiDAR is not an option but a necessity for building the future, adding that its importance and growth potential will exceed all expectations.

NIO Capital Managing Partner Ian Zhu warmly congratulated Seyond on its listing. As an early investor and long-term strategic partner, NIO Capital has maintained strong confidence in Seyond’s technological innovation and growth prospects. Since the initial investment in 2018, NIO Capital, NIO, and Seyond have been connected through capital and grounded in industrial collaboration, engaging in deep cooperation and joint R&D during the critical development and mass-production phase of automotive-grade LiDAR. Together, they achieved the world’s first large-scale mass production of image-grade high-definition LiDAR.

Zhu noted that from the first integration of 1550nm ultra-long-range LiDAR in the NIO ET7 to its standardization across all nine NT2.0 platform models, their collaboration has become a benchmark in intelligent driving. Seyond’s successful listing stands as powerful testimony to the long-standing trust and shared commitment among the three parties. Looking ahead, NIO Capital will continue to empower Seyond by leveraging the full NIO ecosystem, supporting its efforts to advance its technology roadmap, accelerate global expansion, and jointly move toward a safer and more efficient future of smart mobility.

The listing raised approximately HKD 1.03 billion for Seyond, underscoring not only the capital market’s firm confidence in the LiDAR sector’s strong growth potential but also affirming Seyond’s leading technology, mature commercialization capabilities, and robust ecosystem integration.

According to CIC data, the global LiDAR solutions market is projected to expand from USD 3.5 billion in 2025 to USD 41.3 billion in 2030, representing a CAGR of 63.7%. Within this segment, the ADAS application market is expected to grow from USD 1.9 billion in 2025 to USD 19.7 billion in 2030, at a CAGR of 59.8%. Industry analysts attribute this growth primarily to the rapid adoption of L2+ and higher-level ADAS. As the world’s largest automotive market, China is seeing an even more pronounced increase in the penetration of automotive-grade LiDAR, with its market size expected to grow at a CAGR above the global average.

Seyond’s 1550nm LiDAR and semi-solid-state scanning architecture keep it competitive in long-range scenarios, while the Robin series addresses mid-range needs, together creating a comprehensive “long-range + mid-range” portfolio.

Beyond passenger vehicles, Seyond has entered sectors such as commercial vehicles and robotics, securing large orders from companies like Deepway, Shaanxi Heavy Duty Automobile, Inceptio Technology, and Zelostech—laying the groundwork for its next growth curve.

Bao noted in his speech that pervasive spatial data will form the foundation of AI in the physical world. Applications such as embodied intelligence, smart transportation, and industrial automation will open further opportunities for the company. He added that Seyond is committed to connecting the digital and physical worlds through ubiquitous 3D perception, helping to build an AI-enabled physical world that is smarter, more convenient, and safer.