According to the lawsuit, the Registration Statement contained false and/or misleading statements and/or failed to disclose that:
- Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate;
- Hesai Group’s gross margin was 30% for the fourth quarter—which was completed over a month before the date of the amended registration statement;
- as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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