SCHEDULE: FMR LLC Discloses 5.5% Stake in Hesai Group

FMR LLC and Abigail P. Johnson have reported a 5.5% beneficial ownership stake in Hesai Group's Class B Common Stock as of December 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 7,072,430.52 shares of HESAI GROUP's Class B Common Stock.
• This ownership represents 5.5% of the total outstanding Class B Common Stock.
• FMR LLC holds sole voting power over 7,015,078.72 shares.
• Both FMR LLC and Abigail P. Johnson hold sole dispositive power over 7,072,430.52 shares.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of HESAI GROUP.
• This filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously filed ownership report.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms continued institutional interest in Hesai Group without indicating any adverse changes or intentions to influence control.

Positives

• A major institutional investor, FMR LLC (Fidelity), maintains a significant passive stake (5.5%) in HESAI GROUP, indicating continued institutional interest.
• The ownership is stated to be for the ordinary course of business, not for control influence, suggesting a stable, long-term investment posture.

Future Outlook

No specific future outlook or guidance for HESAI GROUP is provided in this beneficial ownership filing.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors. FMR LLC's continued 5.5% stake in Hesai Group, a prominent lidar technology company, suggests ongoing institutional interest in the autonomous driving and advanced sensor sectors, which are experiencing rapid technological advancements and market competition.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for institutional ownership exceeding 5%. It does not provide performance metrics for comparison.
• The presence of a major asset manager like FMR LLC (Fidelity) as a significant shareholder is common across well-established and growth-oriented companies in various industries, including technology and automotive suppliers.

Stakeholder Impact

• Shareholders: Confirms a significant institutional investor's continued passive stake, potentially offering some stability signal.
• Employees, Customers, Suppliers, Creditors: No direct impact from this routine ownership disclosure.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of passive institutional ownership and does not contain new information that would fundamentally alter the investment thesis for Hesai Group. The continued stake by FMR LLC indicates ongoing institutional interest but provides no new catalysts for a 'buy' or 'sell' recommendation. Investors should 'hold' and monitor the company's operational performance and broader industry trends.

Keywords

Hesai Group, FMR LLC, Abigail P. Johnson, Class B Common Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, Lidar, Autonomous Driving