SCHEDULE: FMR LLC Discloses 5.2% Stake in HESAI GROUP

FMR LLC and Abigail P. Johnson have disclosed a 5.2% beneficial ownership stake in HESAI GROUP's Class B Ordinary Shares as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson, through various subsidiaries and affiliates, beneficially own 5,442,515 Class B Ordinary Shares of HESAI GROUP.
• This ownership represents 5.2% of the total outstanding Class B Ordinary Shares.
• FMR LLC holds sole voting power and sole dispositive power over all 5,442,515 shares.
• Abigail P. Johnson holds sole dispositive power over the same 5,442,515 shares, consistent with her role as Director, Chairman, and CEO of FMR LLC.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of HESAI GROUP.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the disclosure of a significant stake by a reputable institutional investor like FMR LLC can be perceived as a vote of confidence in the company, although the filing itself is purely factual and does not contain operational or financial performance details.

Positives

• The disclosure of a significant 5.2% stake by a major institutional investor like FMR LLC may signal institutional confidence in HESAI GROUP.
• The acquisition of shares was stated to be in the ordinary course of business, indicating a standard investment rather than an activist position.

Negatives

• No negative information regarding HESAI GROUP's operations or financial performance is disclosed in this beneficial ownership report.

Risks

• No specific risks related to HESAI GROUP's operations, financial health, or strategic direction are disclosed in this beneficial ownership report.

Future Outlook

This beneficial ownership report does not contain any forward-looking statements or guidance regarding HESAI GROUP's future performance or strategic outlook.

Industry Context

This filing is a disclosure of beneficial ownership by a major institutional investor and does not provide specific insights into broader industry trends or competitive landscape beyond the fact of investment in HESAI GROUP.

Stakeholder Impact

• Shareholders may view the significant institutional investment by FMR LLC as a positive signal, potentially increasing investor confidence and interest in HESAI GROUP's shares.

Key Dates

Keywords

HESAI GROUP, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Class B Ordinary Shares, Institutional Investor, SEC Filing