RoboSense, a global leader in Smart LiDAR Sensor Systems, has filed an IPO application with the Hong Kong stock exchange. JP Morgan and China Renaissance sponsored the filing. Amid a competitive price war in the Chinese EV sector, auto manufacturers are putting pressure on the supply chain to reduce costs. Many LiDAR manufacturers have opted to reduce their product prices in an effort to increase sales volume. Currently, RoboSense is experiencing losses; however, the company maintains that this does not impact its daily operational efficiency. After excluding certain factors, net loss for the year 2022 is reported to be RMB 563 million. [Caixin, in Chinese]