5 Fastest Growing Consumer Stocks to Buy Now

3. Hesai Group (NASDAQ:HSAI)

On June 30, 2026, Hesai Group (NASDAQ:HSAI) announced in a regulatory filing that shareholders approved all proposed resolutions at its annual general meeting held on June 26. The approvals included an 8-for-1 stock split proposal. Following the shareholder resolutions, the share subdivision became effective on Friday, July 10, and dealings in the subdivided Class B ordinary shares began at 9:00 a.m. on Friday, July 10.

In May, Citi lowered the firm’s price target on Hesai to $28.60 from $33 and kept a Buy rating on the shares. Citi said it adjusted revenue and net profit forecasts “towards a more conservative level” and lowered its multiple due to the EV sector’s likely weaker-than-expected Q2 shipment trend.

On May 19, Hesai reported Q1 EPS of 4c, compared with 1c last year, and revenue of $98.7M, compared with $72.4M last year. Q1 total lidar shipments were 471,723 units, up 140.9% from 195,818 units in the corresponding period of 2025. CEO Yifan Li said the first quarter marked a “transformative chapter” as Hesai began its strategic evolution from spatial perception to spatial intelligence, while noting that the company serves as a strategic lidar partner and confirmed supplier for Mercedes-Benz models, enabling L3 autonomy.

Hesai Group (NASDAQ:HSAI) engages in the development, manufacturing, and sale of three-dimensional light detection and ranging solutions in Mainland China, Europe, North America, and internationally.