Hesai Shareholders Approve 8-for-1 Stock Split

Hesai Group (NASDAQ:HSAI) shareholders approved an 8-for-1 stock split at the annual general meeting on June 26, 2026, effective July 10. The company reported strong Q1 2026 results with EPS of 4c (up from 1c) and revenue of $98.7M (up from $72.4M). Total lidar shipments surged 140.9% to 471,723 units. CEO Yifan Li highlighted the strategic shift from spatial perception to spatial intelligence and confirmed Hesai as a strategic lidar partner for Mercedes-Benz L3 autonomous vehicles. Citi maintained a Buy rating but lowered its price target to $28.60 from $33, citing conservative forecasts and weaker EV sector shipment trends.

First published Jul 30, 10:40 AM UTC1 reports · 1 sources

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Hesai Shareholders Approve 8-for-1 Stock Split

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Hesai Shareholders Approve 8-for-1 Stock SplitYahoo FinanceWesternJul 15, 02:48 PM UTC

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