#China #Chongqing #NEV #SERES #AITO

SERES Marks a New Era in Automotive Industry

On November 5, 2025, SERES Group (stock code: 9927.HK) officially listed on the main board of the Hong Kong Stock Exchange (HKEX), revolutionizing the automotive landscape by becoming the first Chinese manufacturer of luxury New Energy Vehicles (NEVs) to be listed simultaneously on both A-share and H-share markets. This monumental event not only represents the largest initial public offering (IPO) in the history of the Chinese automotive sector but also stands as the most significant IPO for a car manufacturer globally this year.

The successful debut in Hong Kong opens new international avenues for SERES to raise capital, providing a strong foundation for its long-term global strategy. More importantly, this listing sets a new benchmark for the expansion of Chinese automotive manufacturers overseas, combining technological innovation and robust financial positioning.

Rising Investor Interest

Since launching its public offering in Hong Kong on October 27, investor interest surged dramatically, leading to a staggering 133-fold oversubscription of the IPO, raising over HKD 170 billion. SERES plans to allocate approximately 70% of these proceeds for research and development and about 20% for enhancing overseas marketing channels, sales, and charging network services.

Notably, the IPO garnered attention from 22 key investors, including major players such as the Chongqing Industrial Mother Fund and Schroders, highlighting the broad recognition from the global capital markets of SERES's strong growth prospects and high-quality development. This influx of investor support is expected to reassess the company's valuation, setting a new standard for SERES’s investment outlook while also enhancing its funding capacity and capital efficiency.

Global Expansion and Innovation

As a leading player in the luxury NEV sector in China, SERES is actively expanding its global presence, establishing operations in several countries across Europe, the Middle East, both Americas, and Africa. In Europe alone, SERES has successfully penetrated key markets such as Norway, Germany, the UK, and Switzerland, marking the initial phase of its global growth strategy. Utilizing its dual capital platform of A+H shares, SERES aims to continue fueling technological innovations, enhancing brand value, and broadening its global reach.

Focusing specifically on luxury intelligent electric vehicles, SERES showcases its commitment to innovation with models such as the AITO series, including the M9, M8, M7, and M5, which have already achieved impressive market recognition and customer loyalty, with total deliveries exceeding 800,000 units. Adhering to the philosophy of "Intelligence Redefining Luxury," SERES continually pursues technological advancements that allow the creation of software-defined vehicles. With substantial investments in R&D, the company has established a solid technological edge, introducing innovations like the MF technology platform, Super Range Extender, and Intelligent Safety technology.

Future Developments

Looking ahead, SERES plans to develop the concept of software-defined vehicles further, driving growth through user-inspired innovations and expanding its international operations. The company is well-positioned to reinforce its leadership in the luxury NEV market while steering the Chinese automotive industry into a new era of high-quality development. The successful debut at HKEX is just the beginning of its journey as it strives to meet the evolving demands of the global auto market and maintain its competitive advantage.



The automotive industry watches closely as SERES continues to innovate and expand, embodying the vision of sustainable and intelligent transportation for the future.