Key Highlights

  • Hesai Group shareholders approved an 8-for-1 stock split, effective July 10, 2026, with shares trading at a revised price.
  • Q1 2026 lidar shipments rose sharply year-over-year to 471,723 units, while revenue reached $98.7 million.
  • Citi maintained a Buy rating on Hesai but lowered its price target to $28.60 from $33 in May 2026.
  • Shares have faced downward pressure year-to-date but showed a slight uptick in recent trading.

Hesai Group has executed an 8-for-1 stock split after shareholders approved the move at its annual general meeting. The split became effective July 10, 2026, with subdivided Class B ordinary shares beginning to trade at a new price, reflecting a modest gain in recent sessions.

Split Takes Effect as Lidar Shipments Climb

The stock split, approved on June 26 and disclosed in a regulatory filing on June 30, is designed to enhance liquidity and make shares more accessible to a broader range of investors. Hesai’s market capitalization remains substantial, though its stock has experienced notable declines this year and over the past month. The company’s share price has fluctuated within a wide range, reflecting the dynamic nature of the lidar and autonomous driving sectors.

Hesai’s operational performance has shown resilience despite market challenges. In the first quarter, the company reported total lidar shipments of 471,723 units, a significant increase compared to the same period last year. Revenue also grew, reaching $98.7 million, up from $72.4 million in Q1 2025.

The company’s evolution from spatial perception to spatial intelligence aligns with its strategic role as a supplier for Mercedes-Benz models equipped with advanced autonomous driving capabilities. This positions Hesai as an important contributor to the development of higher-level autonomous systems in the automotive industry.

Analysts Weigh In as Shares Trade Post-Split

Citi reaffirmed its positive outlook on Hesai by maintaining a Buy rating but adjusted its price target downward to $28.60 from $33 in May 2026. The revision reflects broader market conditions and valuation considerations, even as the company demonstrates strong operational growth. Hesai’s presence across key regions, including Mainland China, Europe, and North America, offers diversification, though the lidar market remains competitive and influenced by macroeconomic factors.

The stock split’s immediate effect on trading activity was limited, with shares showing a slight increase in recent sessions. By reducing the per-share price, the split may appeal to a wider investor base and support liquidity over time. Hesai’s future performance will depend on its ability to expand its spatial intelligence solutions and strengthen partnerships with automakers.

Next Catalyst: Q2 Earnings and Mercedes-Benz Rollout

Investors are closely monitoring Hesai’s upcoming second-quarter earnings report, which could provide further insights into shipment trends and revenue performance. The company’s role as a supplier for Mercedes-Benz models featuring Level 3 autonomy may also influence market sentiment, particularly if production schedules advance. While the stock split alone is unlikely to reverse the year’s downward trend, continued operational execution will be key in the months ahead.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.