Hesai (HSAI) Shareholders Approve 8-for-1 Stock Split

Hesai Group (NASDAQ:HSAI) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.

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.

Hesai (HSAI) Shareholders Approve 8-for-1 Stock Split

photo by Business-laptop-campaign-creators on Unsplash

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.

While we acknowledge the risk and potential of HSAI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HSAI and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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