Hesai Group (NASDAQ: HSAI) pursues Hong Kong dual primary listing plan

Rhea-AI Filing Summary

Hesai Group reports that the China Securities Regulatory Commission has issued a notice of filing regarding its proposed global offering and dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong Kong Limited. The company intends to move forward with this global offering and listing in due course, but only if it obtains necessary stock exchange approvals, market conditions are favorable, and other relevant factors are satisfied.

The company cautions that there is no assurance the proposed global offering or listing will be completed or when it might occur. This communication clearly states it is not an offer to sell or a solicitation to buy the company’s securities in any jurisdiction where such activities would be unlawful.

Insights

Cross-border capital markets analyst

Hesai prepares for a potential Hong Kong dual primary listing, but completion remains uncertain.

Hesai Group discloses that the China Securities Regulatory Commission has issued a notice of filing related to a proposed global offering and a dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong Kong Limited. This is an early procedural step indicating the company is formally exploring access to another major equity market.

The transaction is explicitly conditioned on stock exchange approval, prevailing market conditions, and other factors, and the company emphasizes there is no assurance the offering or listing will be completed. The text also makes clear that this communication does not constitute an offer or solicitation to buy or sell securities, underscoring that economic terms and timing would need to be set and separately communicated if the process advances.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 08/26/2025 - 09:12 AM Learn about SEC filing dates

FAQ

What did Hesai Group (HSAI) disclose in this Form 6-K?

Hesai Group disclosed that the China Securities Regulatory Commission issued a notice of filing regarding the company’s proposed global offering and dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong Kong Limited.

What listing is Hesai Group (HSAI) proposing in Hong Kong?

Hesai Group is proposing a dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong Kong Limited as part of a planned global offering.

Is Hesai Groups proposed Hong Kong global offering guaranteed to occur?

No. Hesai Group states there can be no assurance as to whether or when the proposed global offering or listing will be completed.

What conditions affect Hesai Group (HSAI)s planned Hong Kong listing?

Hesai Group intends to proceed with the proposed global offering and listing subject to necessary stock exchange approval, prevailing market conditions, and other relevant factors.

Does this Hesai Group (HSAI) communication constitute an offer to sell securities?

No. The company states this communication is neither an offer to sell nor a solicitation of an offer to buy its securities in any jurisdiction where such activities would be unlawful.

Which class of shares is involved in Hesai Group (HSAI)s proposed global offering?

The proposed global offering and dual primary listing relate to Hesai Groups Class B ordinary shares.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-41611

Hesai Group

10th Floor, Building A

No. 658 Zhaohua Road, Changning District

Shanghai 200050

People's Republic of China
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F     x          Form 40-F      ¨ 

Explanatory Note

This current report on Form 6-K is furnished by Hesai Group (“Hesai” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, to report that the China Securities Regulatory Commission has issued a notice of filing regarding the Company’s proposed global offering and dual primary listing of its Class B ordinary shares on The Stock Exchange of Hong King Limited. The Company intends to proceed with the proposed global offering and listing in due course, subject to necessary stock exchange approval, prevailing market conditions, and other relevant factors.

There can be no assurance as to whether or when the proposed global offering or listing will be completed. This communication is neither an offer to sell nor a solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Hesai Group

	By	:	/s/ Yifan Li
	Name	:	Yifan Li
	Title	:	Chief Executive Officer

Date: August 26, 2025