0243 GMT - Hesai Group is moving to become a provider of data and sensing infrastructure for embodied artificial intelligence, from a hardware supplier, Daiwa analysts write in a note. The Chinese company is seeking to move up the value chain and is targeting a potentially much larger market beyond automotive light detection and ranging, the analysts say. Hesai launched a product called Kosmo, which integrates Lidar and vision sensors to capture real-world deployment conditions, they say. By using real 3D data to build simulators, embodied AI systems can reduce the sim-to-real gap, improving training efficiency and lowering deployment costs, Daiwa says. The brokerage maintains its buy rating on the stock and $34.00 target price. Shares last closed at $21.90. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 20, 2026 22:43 ET (02:43 GMT)

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