HESAI-W surged more than 10% in early trading. As of writing, the stock is up 5.29%, trading at HKD 185 with a turnover of HKD 154 million. The catalyst is the company's recent 2026 Technology Open Day, where it launched several significant products and technologies. These include the Picasso SPAD-SoC, a 6D full-color LiDAR ultra-light-sensitive chip, the Kosmo spatial intelligence AI hardware, and a robotic power module. Hesai Group's co-founder and CTO officially announced that the company is embarking on a strategic upgrade—evolving from "spatial perception" to "spatial intelligence." Bocom International released a research note stating that the newly launched Picasso SPAD-SoC disrupts traditional perception dimensions, leading 3D detection into a "full-color visual world." Simultaneously, the company is accelerating its expansion into the robotics field. Leveraging spatial intelligence hardware like Kosmo to address data challenges in embodied AI training, it effectively promotes the iteration of world models. The robotics business is rapidly emerging as the company's second major growth driver.