Mercedes-Benz Group AGHesai is a strategic lidar partner for Mercedes-Benz models enabling L3 autonomy, indicating demand for Mercedes' autonomous driving technology.

Hesai Group shareholders approved an 8-for-1 stock split at the annual general meeting on June 26, 2026. The share subdivision became effective on July 10, with dealings in the subdivided Class B ordinary shares beginning that day. The company reported first-quarter earnings per share of 4 cents on revenue of $98.7 million, with total lidar shipments rising 140.9% year-over-year to 471,723 units. CEO Yifan Li described the quarter as a transformative chapter as Hesai evolves from spatial perception to spatial intelligence, noting its role as a strategic lidar partner for Mercedes-Benz models enabling L3 autonomy. Citi lowered its price target on Hesai to $28.60 from $33 while maintaining a Buy rating, citing more conservative revenue and net profit forecasts and a lower multiple due to likely weaker-than-expected second-quarter EV sector shipments.
Mercedes-Benz Group AGHesai is a strategic lidar partner for Mercedes-Benz models enabling L3 autonomy, indicating demand for Mercedes' autonomous driving technology.
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