SCHEDULE 13G/A 0001193125-24-029097 0001765660 XXXXXXXX LIVE 1 Class B ordinary shares, par value of $0.0001 per share 09/30/2025 0001861737 Hesai Group 428050108 9th Floor, Building L2-B 1588 Zhuguang Road, Qingpu District Shanghai F4 201702 Rule 13d-1(d) Xiaomi Corporation E9 5032680 0 5032680 0 5032680 N 3.22 CO Row 5: Represents (i) 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation; and (ii) 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation. Row 11: The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) F4 2149230 0 2149230 0 2149230 N 1.38 PN Row 5: Represents 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation. Row 11: The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. F4 2149230 0 2149230 0 2149230 N 1.38 OO Row 5: Represents 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation. Row 11: The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. Fast Pace Limited D8 2883450 0 2883450 0 2883450 N 1.85 CO Row 5: Represents 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation. Row 11: The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. Hesai Group 9th Floor, Building L2-B 1588, Zhuguang Road, Qingpu District, Shanghai 201702, People's Republic of China (i) Xiaomi Corporation; (ii) Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) (iii) Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. (iv) Fast Pace Limited (collectively, the "Reporting Persons") Explanatory Note This Amendment No. 1 (this "Amendment") amends, in its entirety, the statement on Schedule 13G originally filed on February 9, 2024 by the Reporting Persons. This Amendment is being filed to disclose that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of the Issuer. This Amendment is the final amendment to the Schedule 13G and constitutes an exit filing for each Reporting Person. (i) Xiaomi Corporation c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House Grand Cayman, KY1-1104, Cayman Islands (ii) Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) Floor 5, Building 7, No. 3601 Dongfang Road, Pudong New Area Shanghai, People's Republic of China (iii) Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. No.8, 1st floor, 66 Jiufeng 1st Road, Donghu New Technology Development Zone Wuhan, People's Republic of China (iv) Fast Pace Limited c/o Start Chambers, Wickham's Cay II, P. O. Box 2221, Road Town Tortola, British Virgin Island (i) Xiaomi Corporation - Cayman Islands (ii) Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) - People's Republic of China (iii) Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. - People's Republic of China (iv) Fast Pace Limited - British Virgin Islands Y Reporting Person Amount Percent Percent of Sole power to Shared power Sole power to Shared power beneficially of aggregate vote or direct to vote or to dispose or to to dispose or owned class(1) voting power(2) the vote direct the vote direct the disposition of to direct the disposition of Xiaomi Corporation 5,032,680 (3) 3.2% 1.3% 5,032,680 (3) 0 5,032,680 (3) 0 Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) 2,149,230 (4) 1.4% 0.5% 2,149,230 (4) 0 2,149,230 (4) 0 Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. 2,149,230 (4) 1.4% 0.5% 2,149,230 (4) 0 2,149,230 (4) 0 Fast Pace Limited 2,883,450 (5) 1.9% 0.7% 2,883,450 (5) 0 2,883,450 (5) 0 (1) The percentage of the class of securities is calculated by dividing the number of shares beneficially owned by the reporting person by all of the Issuer's issued and outstanding Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. (2) The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power beneficially owned by all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of September 16, 2025. Each Class B ordinary share is entitled to one vote per share and each Class A ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote. (3) Represents (i) 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation; and (ii) 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation. (4) Represents 2,149,230 Class B ordinary shares held by Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership), a PRC limited partnership. The general partner of Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) is Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd., a PRC limited liability company controlled by Xiaomi Corporation. (5) Represents 2,883,450 Class B ordinary shares held by Fast Pace Limited, a British Virgin Islands company wholly owned by Xiaomi Corporation. Xiaomi Corporation: 3.22%, representing 1.26% of the total outstanding voting power; Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership):1.38%, representing 0.54% of the total outstanding voting power; Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.:1.38%, representing 0.54% of the total outstanding voting power; Fast Pace Limited:1.85%, representing 0.72% of the total outstanding voting power Xiaomi Corporation: 5,032,680 Class B ordinary shares Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership):2,149,230 Class B ordinary shares Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.:2,149,230 Class B ordinary shares Fast Pace Limited:2,883,450 Class B ordinary shares Xiaomi Corporation: 0 Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership): 0 Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.: 0 Fast Pace Limited: 0 Xiaomi Corporation: 5,032,680 Class B ordinary shares Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership):2,149,230 Class B ordinary shares Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.:2,149,230 Class B ordinary shares Fast Pace Limited:2,883,450 Class B ordinary shares Xiaomi Corporation: 0 Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership): 0 Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd.: 0 Fast Pace Limited: 0 N Y Y Y Y Y Y Exhibit No. Description 99.1 Joint Filing Agreement (incorporated herein by reference to Exhibit 99.1 to the Schedule 13G filed on February 9, 2024, by the reporting persons with the Securities and Exchange Commission) Xiaomi Corporation By: /s/ Jun Lei 10/02/2025 Shanghai Ziyue Enterprise Management Consulting Partnership (Limited Partnership) /s/ Alain Lam 10/02/2025 Hubei Xiaomi Changjiang Industrial Investment Fund Management Co., Ltd. By: /s/ Alain Lam 10/02/2025 Fast Pace Limited By: /s/ Alain Lam 10/02/2025