Hesai-W's stock surged 5.81% during intraday trading on Tuesday, marking a significant rebound from recent declines.

The rally was driven by a broad uptick in the smart driving sector, with peers like Seyond and Inhon Technology also posting strong gains, creating positive momentum across the industry. Furthermore, the stock received multiple supportive ratings from leading brokerages. Goldman Sachs maintained its Buy rating with a 273 HKD target price, citing expectations for strong revenue growth and margin improvement. Huachuang Securities assigned a Strong Buy rating, while Western Securities also reiterated its Buy stance, highlighting the company's potential to benefit from increasing LiDAR adoption as autonomous driving technology advances.