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Hesai Group Class B ( (HK:2525) ) just unveiled an update.
Hesai Group has signed a Supply of Products Framework Agreement with Sharpa, under which it will provide LiDAR products and robotic actuators, along with related manufacturing and integration services, from March 25, 2026, to December 31, 2026. The deal formalizes an ongoing supply relationship that supports Sharpa’s dexterous hands and embodied intelligence products.
Because Sharpa is deemed a connected person due to the co-founders’ majority voting rights, the arrangement is classified as a continuing connected transaction under Hong Kong listing rules, triggering reporting, annual review, and announcement obligations but not requiring a shareholder circular or independent shareholder approval. Pricing will be set through arm’s length negotiations referencing market terms offered to independent third parties, aiming to ensure fair treatment for Hesai and regulatory compliance.
The most recent analyst rating on (HK:2525) stock is a Buy with a HK$265.00 price target. To see the full list of analyst forecasts on Hesai Group Class B stock, see the HK:2525 Stock Forecast page.
More about Hesai Group Class B
Hesai Group is a Cayman Islands–incorporated technology company listed in Hong Kong and on Nasdaq, focused on supplying LiDAR products and robotic actuators. Its solutions serve advanced robotics and embodied intelligence applications, positioning the firm within the autonomous systems and smart hardware value chain.
Average Trading Volume: 932,550
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$27.12B
Learn more about 2525 stock on TipRanks’ Stock Analysis page.