On June 12, Hesai-W rose 5.07% in regular trading, trading at HK$144.6/share, with turnover of HK$41.28 million. The stock rebounded sharply following a 5.13% decline the prior session, as multiple positive catalysts provided support.

On the news front, Hesai recently launched the world's first 6D full-color LiDAR chip, the Picasso SPAD-SoC, achieving pixel-level native fusion of color sensing and ToF ranging with photon detection efficiency exceeding 40%. Karl Dynamics has announced deploying the solution on mass-produced transport robots. Additionally, Morgan Stanley maintained its Overweight rating on Hesai's US-listed shares with a $30 target price, citing new business upside from its Kosmo spatial intelligence device and robotics products, with management guiding for RMB 4.2-4.6 billion in revenue and RMB 500-700 million in GAAP net profit. The company has also secured a Mercedes-Benz L3 autonomous driving supply contract and an additional 1-million-unit order from a top European OEM.

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