Hagens Berman is investigating Hesai's disclosures and urges investors who purchased Hesai American Depositary Shares and suffered substantial losses to submit your losses now. Hesai Group (HSAI) Investigation: The investigation is focused on the propriety of Hesai's disclosures about its financial reporting and news about its purported deal with Mercedes-Benz, which the latter has not yet been confirmed. Blue Orca Capital published the results of its investigation into Hesai and raised serious concerns about Hesai's disclosures, financial reporting, business operations and insider trading. More specifically, Blue Orca concluded that Hesai is a "scam actively lying to investors, the Department of Defense, and a United States federal court[.]"