Group 1 - Hesai Technology will deepen its partnership with Xiaomi Auto from 2026 to 2027, continuing to serve as a core strategic supplier [1] - Xiaomi is both an important business partner and a significant shareholder of Hesai Technology [1] - Xiaomi Group led a Series D financing round for Hesai Technology in 2021, raising an amount of $374 million [1]

Group 1 - The "Most Hongqiao" International Business Roundtable focused on multinational automotive companies, with participation from firms like Bosch China, Michelin China, and Magna Automotive [1] - Hesai Technology's representative highlighted the impact of the tariff war on their business, leading to a mutual waiting phase with clients [1] - Many European companies expressed interest in collaborating with EU and Belt and Road countries through the platform provided by the roundtable [1] Group 2 - Michelin China emphasized its commitment to helping Chinese new energy vehicles expand globally, having registered four companies in Changning District [2] - Magna's representative offered collaboration opportunities for Chinese automotive companies, leveraging their extensive manufacturing capabilities in Europe [2] - Changning District is actively developing a comprehensive service platform for companies to expand overseas, integrating resources from various sectors including aviation and shipping [2]