Citi: Initiates coverage on RoboSense (02498.HK) with a "Buy" rating, target price HK$23.3

Zhitong Finance APP has learned that Citi issued a research report stating that it has initiated coverage on RoboSense (02498.HK) with a "Buy" rating and a target price of HK$23.3. The bank pointed out that RoboSense is China's second-largest automotive optical radar manufacturer and, together with Hesai-W (02525.HK), forms a duopoly market structure excluding Huawei.