NASDAQ: HSAI

Hesai Group

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Hesai Group (NASDAQ: HSAI) resulting from allegations that Hesai may have issued materially misleading business information to the investing public.

If you purchased Hesai securities and would like to join the prospective action, please click “Join This Class Action.”

 

 

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Details of the case:

On March 18, 2025, Blue Orca Capital published a report in which it announced that it had a short position in Hesai Group. Blue Orca stated that, in its opinion, Hesai is a “Nasdaq-listed Chinese scam actively lying to investors, the Department of Defense, and a United States federal court. In our view, it dishonestly attempts to escape its designation as a ‘Chinese military company’ by insisting that it has no involvement with the Chinese military. Yet, we found clear smoking-gun photographic and video evidence that Chinese military vehicles are outfitted with Hesai LiDar systems.”

On this news, the price of Hesai American Depositary Shares (“ADSs”) fell $1.74 per ADS, or 7.8%, to close at $20.56 per ADS on March 18, 2025.

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Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Case Attorneys

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Phillip Kim

New York, Philadelphia Metro

275 Madison Avenue
40th Floor
New York, NY 10016

Tel: (212) 686-1060
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