Haitong International rated HESAI-W as Outperform due to its strong financial performance in 1Q26, with a 30% year-over-year revenue increase and significant growth in LiDAR shipments for both ADAS and robotics. The company is expected to maintain solid growth momentum, with projected revenues exceeding RMB4.3 billion for the full year 2026, and the launch of innovative products like the Picasso LiDAR chip and Kosmo spatial intelligence product further supports its growth outlook.
