(Yicai) Dec. 5 -- Shares of Focuslight Technologies rose after the Chinese supplier of laser components secured another order for remote sensing parts from a major European auto parts supplier.

Focuslight [SHA: 688167] closed 2.2 percent elevated at CNY67.14 (USD9.20) after moving up 4.3 percent intraday in Shanghai today.

The Chinese company received a new fixed-point supply order for light detection and ranging (Lidar) technologies from a tier-one European supplier, the Xi'an-headquartered company announced yesterday, without disclosing the customer's name due to a confidentiality agreement.

Specifically, Focuslight will provide passive optical components for the client's two Lidar projects scheduled to start mass production in 2026 and 2027, respectively. The total demand is expected to exceed 600,000 sets, the firm said, without estimating its financial return.

The two companies are deepening their collaboration, as the same European client has already ordered products from Focuslight for two Lidar projects in the past 12 months. The products will be installed in Lidar systems which will be seen in new models from two internationally renowned automakers. 

The two earlier projects involve transmitter modules. The first project is expected to start mass production in the first half of next year, with an estimated supply of 500,000 Focuslight products. The second project, unveiled in October, is predicted to begin mass production in 2027, with a total supply of 150,000 sets.

Editor: Emmi Laine