禾赛科技- 花旗 2025 年中国会议新看点：2026 年上行催化因素

Flash | 13 Nov 2025 07:57:10 ET │ 11 pages Hesai Group (HSAI.O) What's New from Citi 2025 China Conference: 2026E Upside Catalysts CITI'S TAKE We hosted mgmt. update meeting with Hesai on Nov 13, with key takeaways as below. (1) 2026E upside catalyst: Mgmt. anticipate L3 legislation potentially to be released in 1H26E. L3 vehicle deployments in China will likely accelerate LiDAR content per car. The company now expects three to six LiDAR per L3 vehicle, worth roughly US$500–1,000 per car in the long run (ET ...