Hesai Group Responds to Short-Seller Report

Core Viewpoint - Hesai Group strongly disagrees with the allegations made by Blue Orca Capital and believes the report lacks merit [1]. Company Overview - Hesai Technology is a global leader in lidar solutions, providing products for various applications including passenger and commercial vehicles, autonomous driving, and robotics [3]. - The company integrates in-house manufacturing with lidar R&D and design, allowing for rapid product iteration while maintaining high performance, quality, and affordability [3]. - Hesai has established offices in Shanghai, Palo Alto, and Stuttgart, serving customers in over 40 countries [3]. Commitment to Ethics - The company reiterates its commitment to stringent standards of business ethics and regulatory compliance [2].