<SEC-DOCUMENT>0001104659-25-087969.txt : 20250908
<SEC-HEADER>0001104659-25-087969.hdr.sgml : 20250908
<ACCEPTANCE-DATETIME>20250908060851
ACCESSION NUMBER:		0001104659-25-087969
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250908
FILED AS OF DATE:		20250908
DATE AS OF CHANGE:		20250908

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hesai Group
		CENTRAL INDEX KEY:			0001861737
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41611
		FILM NUMBER:		251298447

	BUSINESS ADDRESS:	
		STREET 1:		1588 ZHUGUANG ROAD
		STREET 2:		9TH FLOOR, BUILDING L2-B
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201702
		BUSINESS PHONE:		86 21 31588240

	MAIL ADDRESS:	
		STREET 1:		1588 ZHUGUANG ROAD
		STREET 2:		9TH FLOOR, BUILDING L2-B
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201702
</SEC-HEADER>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">For the month of
</FONT>September&nbsp;2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Commission File Number:
</FONT>001-41611</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Hesai Group</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">10th Floor, Building A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No.&nbsp;658 Zhaohua Road, Changning District</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Shanghai 200050</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">People's Republic of China<BR>
(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&#8239;
 &#8239;&#8239;&#8239;&#8239;Form&nbsp;40-F &#8239;&#8239;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit&nbsp;Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="tm2525489d1_ex99-1.htm">99.1</A></TD><TD><A HREF="tm2525489d1_ex99-1.htm">Press Release &mdash; Hesai Group Launches Global Offering</A></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
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    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Hesai Group</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 43%">/s/ Yifan Li</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yifan Li</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Date: </FONT>September&nbsp;8, 2025</P>

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<TYPE>EX-99.1
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<FILENAME>tm2525489d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Hesai Group</B></FONT><B>
Launches Global Offering</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SHANGHAI, September&nbsp;5, 2025 /PRNewswire/
-- Hesai Group (NASDAQ: HSAI) (&ldquo;Hesai&rdquo; or the &ldquo;Company&rdquo;), the global leader in three-dimensional light detection
and ranging (lidar) solutions, today announced the launch of its global offering (the &ldquo;Global Offering&rdquo;) of 17,000,000 Class&nbsp;B
ordinary shares of the Company, which comprises a Hong Kong public offering of initially 1,700,000 Class&nbsp;B ordinary shares commencing
on September&nbsp;8, 2025 Hong Kong time (the &ldquo;Hong Kong Public Offering&rdquo;) and an international offering of initially 15,300,000
Class&nbsp;B ordinary shares commencing today (the &ldquo;International Offering&rdquo;), and dual-primary listing of its Class&nbsp;B
ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the &ldquo;Hong Kong Stock Exchange&rdquo;) under the stock
code &ldquo;2525&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s American depositary shares
(the &ldquo;ADSs&rdquo;), each representing one Class&nbsp;B ordinary share of the Company, will continue to be listed and traded on the
Nasdaq Global Select Market (&ldquo;Nasdaq&rdquo;). Investors in the Global Offering will only be able to purchase Class&nbsp;B ordinary
shares and will not be able to take delivery of ADSs. Upon listing of the Class&nbsp;B ordinary shares on the Hong Kong Stock Exchange,
the Class&nbsp;B ordinary shares listed on the Hong Kong Stock Exchange will be fully fungible with the ADSs listed on Nasdaq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has an offer size adjustment option,
exercisable with prior written agreement with the Sponsor-OCs (as defined below) on or before the time of pricing, pursuant to which the
Company may allot and issue up to an additional 2,550,000 Class&nbsp;B ordinary shares, representing 15% of the total number of Class&nbsp;B
ordinary shares initially available under the Global Offering, to cover additional demand.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, the Company expects to grant the
international underwriters an over-allotment option to require the Company to issue up to an additional 2,550,000 Class&nbsp;B ordinary
shares in the International Offering (or up to 2,932,500 Class&nbsp;B ordinary shares if the offer size adjustment option is exercised
in full), representing 15% of the total number of Class&nbsp;B ordinary shares available under the Global Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The initial number of Class&nbsp;B ordinary shares
under the Hong Kong Public Offering and the International Offering represent approximately 10% and 90% of the total number of Class&nbsp;B
ordinary shares initially available under the Global Offering, respectively, subject to reallocation, offer size adjustment, and over-allotment.
Subject to the level of oversubscription in the Hong Kong Public Offering and reallocation, as described in the Hong Kong prospectus to
be issued by the Company in Hong Kong dated September&nbsp;8, 2025, the total number of Class&nbsp;B ordinary shares available under the
Hong Kong Public Offering could be adjusted to up to a maximum of 2,550,000 Class&nbsp;B ordinary shares, representing 15% of the Class&nbsp;B
ordinary shares initially available under the Global Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The offer price for the Hong Kong Public Offering
(the &ldquo;Hong Kong Offer Price&rdquo;) will be no more than HK$228.00 per Class&nbsp;B ordinary share (the &ldquo;Maximum Hong Kong
Offer Price&rdquo;), or US$29.04, per Class&nbsp;B ordinary share (equivalent to US$29.04 per ADS) based on an exchange rate of HK$7.8499
to US$1.00 as of June&nbsp;30, 2025 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System.
The offer price for the International Offering tranche of the Global Offering (the &ldquo;International Offer Price&rdquo;) may be set
higher than, or the same as, the Maximum Hong Kong Offer Price. The Company will set the International Offer Price on or about September&nbsp;12,
2025, Hong Kong time, by taking into consideration, among other factors, the closing price of the ADSs on the Nasdaq on the last trading
day on or before September&nbsp;12, 2025 and investor demand during the marketing process. The final Hong Kong Offer Price will be set
at the lower of the final International Offer Price and the Maximum Hong Kong Offer Price of HK$228.00 per Class&nbsp;B ordinary share.
The shares will be traded in board lots of 20 Class&nbsp;B ordinary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has entered into cornerstone investment
agreements with HHLR Advisors (part of Hillhouse Group), Taikang Life, WT Asset Management, Grab, Hongda Group and Commando Global Fund.
Under such agreements, the cornerstone investors have agreed to, subject to certain conditions, subscribe for such number of Class&nbsp;B
ordinary shares that may be purchased with an aggregate amount of approximately US$148.0 million, or approximately HK$1,153.7 million
at the International Offer Price, representing approximately 29.8% of the Class&nbsp;B ordinary shares initially being offered under the
Global Offering assuming such Class&nbsp;B ordinary shares are sold at the Maximum Hong Kong Offer Price, which percentage is subject
to the offer size adjustment option and the over-allotment option. Such Class&nbsp;B ordinary shares are being sold in reliance on Regulation
S and are exempt from the registration requirements of the U.S. Securities Act of 1933, and this cornerstone placing will form part of
the International Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company plans to use the net proceeds from
the Global Offering for investment in research and development, investment in its manufacturing capabilities, business development to
accelerate its business expansion, and working capital and general corporate purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">******</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">China International Capital Corporation Hong Kong
Securities Limited, Guotai Junan Capital Limited, and CMB International Capital Limited are the Joint Sponsors for the proposed Global
Offering; China International Capital Corporation Hong Kong Securities Limited, Guotai Junan Securities (Hong Kong) Limited, and CMB International
Capital Limited are the Sponsor-OCs for the proposed Global Offering; China International Capital Corporation Hong Kong Securities Limited,
Guotai Junan Securities (Hong Kong) Limited, CMB International Capital Limited, Haitong International Securities Company Limited, BOCI
Asia Limited, Futu Securities International (Hong Kong) Limited, DBS Asia Capital Limited, and ICBC International Securities Limited are
the Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers for the proposed Global Offering; ABCI Capital Limited and CCB
International Capital Limited are the Joint Bookrunners for the proposed Global Offering; and ABCI Securities Company Limited and CCB
International Capital Limited are the Joint Lead Managers for the proposed Global Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except for the investments by cornerstone investors,
the International Offering is being made only by means of a preliminary prospectus supplement dated September&nbsp;5, 2025 and the accompanying
prospectus included in an automatic shelf registration statement on Form&nbsp;F-3 filed with the U.S. Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) on September&nbsp;5, 2025, which automatically became effective upon filing. The registration statement on Form&nbsp;F-3
and the preliminary prospectus supplement are available at the SEC website at: <I>http://www.sec.gov</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The proposed Global Offering is subject to market
and other conditions, and there can be no assurance as to whether or when the Global Offering may be completed, or as to the actual size
or terms of the Global Offering. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation
to buy any securities of the Company, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state
or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential
investors should read the prospectus of the Company for detailed information about the Company and the proposed Global Offering, before
deciding whether or not to invest in the Company. This press release has not been reviewed or approved by the SEC, the Hong Kong Stock
Exchange or the Securities and Futures Commission of Hong Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The price of the Class&nbsp;B ordinary shares
of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilizing) Rules&nbsp;(Chapter 571W of the Laws
of Hong Kong). The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter
571 of the Laws of Hong Kong) will be contained in the Hong Kong prospectus of the Company to be dated September&nbsp;8, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>About </B></FONT><B>Hesai</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hesai Technology (Nasdaq: HSAI) is a global leader
in lidar solutions. The company&rsquo;s lidar products enable a broad spectrum of applications including passenger and commercial vehicles
(&ldquo;ADAS&rdquo;), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery
robots and AGVs (&ldquo;Robotics&rdquo;). Hesai seamlessly integrates its in-house manufacturing process with lidar R&amp;D and design,
enabling rapid product iteration while ensuring high performance, high quality and affordability. The company&rsquo;s commercially validated
solutions are backed by superior R&amp;D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai,
Palo Alto and Stuttgart, with customers spanning more than 40 countries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Safe Harbor Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This announcement contains forward-looking statements.
These statements are made under the &ldquo;safe harbor&rdquo; provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as &ldquo;will,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo;
 &ldquo;aims,&rdquo; &ldquo;future,&rdquo; &ldquo;intends,&rdquo; &ldquo;plans,&rdquo; &ldquo;believes,&rdquo; &ldquo;estimates,&rdquo;
 &ldquo;confident,&rdquo; &ldquo;potential,&rdquo; &ldquo;continue&rdquo; or other similar expressions. The Company may also make written
or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), in
its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors
or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company&rsquo;s
beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the Company&rsquo;s filings with the SEC. All information provided in this
press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement,
except as required under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For investor and media inquiries, please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hesai Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yuanting &ldquo;YT&rdquo; Shi, Head of Capital
Markets</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: ir@hesaitech.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Christensen Advisory</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Tel: +86-10-5900-1548</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: hesai@christensencomms.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Source: Hesai Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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