Hesai Group is a technology company that specializes in the development and production of advanced lidar sensors and perception systems for autonomous vehicles, smart transportation, and other applications that require high-precision 3D spatial awareness. The company's innovative solutions enable vehicles to navigate and understand their environments in real-time, contributing to the advancement of autonomous driving technology. Additionally, Hesai Group is engaged in enhancing sensor capabilities for a range of industries, including robotics, drones, and mapping, aiming to drive forward the integration of intelligent technologies in various sectors.
Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Hesai Group (NASDAQ: HSAI) resulting from allegations that Hesai may have issued materially misleading business information to the investing public.
Hesai Group shares are down in premarket trading on Wednesday following allegations by short seller Blue Orca Capital, who accused the company of misleading investors and having ties to the Chinese military.
Shares of Hesai Group fell over 10% in intraday trading on Tuesday, March 18, 2025, after Blue Orca Capital published a report alleging that the company is a “Chinese scam actively lying to investors, the Department of Defense, and a United States federal court” and that it significantly overstated its revenue from 2019-2023. Gibbs Mura is investigating a potential Hesai Group (NASDAQ: HSAI) Securities Class Action Lawsuit on behalf of shareholders who lost money in Hesai Group.
Hesai Group (NASDAQ: HSAI) shares traded lower on Tuesday after short seller Blue Orca Capital released a report accusing the company of misleading investors.
Hesai Group (NASDAQ:HSAI) stock is under pressure Tuesday after short seller Blue Orca Capital targeted the company in a new report alleging Hesai Group is actively lying to investors.
Quarterly net revenues were RMB719.8 million (US$98.6 million)1Quarterly lidar shipments were 222,054 unitsFull Year 2024 net revenues were RMB2,077.2 million (US$284.6 million)Full Year 2024 lidar shipments were 501,889 units
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQ:TSLA) and Palantir Technologies, Inc.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
