RoboSense's stock price plummeted, and its market value evaporated by more than 90%

On July 5, the share price of RoboSense, known as the "first laser radar stock", plummeted. It quickly plunged after the opening, and once fell by nearly 70% during the trading session, setting a new low since its listing. Compared with the highest price of HK$137.5 on June 11, the share price has plummeted by nearly 88%. The total market value has shrunk from HK$62 billion to HK$7.4 billion.