#China #Chongqing #NEV #SERES Group #Hong Kong Stock Exchange

SERES Group Officially Lists on the Hong Kong Stock Exchange

On November 5, 2025, SERES Group (stock code: 9927.HK) marked a significant milestone by officially being listed on the main board of the Hong Kong Stock Exchange (HKEX). This event sets SERES apart as the first Chinese manufacturer of New Energy Vehicles (NEVs) luxury segment to achieve this dual listing on both the A-shares and H-shares markets. Not only does this listing signify the largest IPO for a Chinese automobile manufacturer, but it also establishes SERES as the largest auto IPO globally for the year. The strategic listing opens up a new international platform for SERES to raise capital, support long-term growth, and solidify its global operational strategy.

The excitement surrounding SERES's IPO was evident, with subscriptions exceeding 133 times, yielding over HK$170 billion in financial backing. Approximately 70% of the raised funds are designated for research and development, while around 20% is intended for expanding diversified marketing channels, overseas sales, and settling network service accounts. Notably, the IPO attracted 22 cornerstone investors, including prominent names such as the Chongqing Industrial Mother Fund, Linyuan Fund, and Schroders, highlighting a strong recognition of SERES's growth prospects and development quality within the global capital markets.

This powerful backing from investors is expected to lead to a reevaluation of SERES, establishing a new benchmark for its investment value and enhancing its capacity for financing and capital efficiency. SERES is a recognized leader in China’s premium EV sector and is actively expanding its global footprint, already operating in several countries across Europe, the Middle East, America, and Africa. In Europe, SERES has successfully penetrated key markets such as Norway, Germany, the UK, and Switzerland, marking the initiation of its first phase of global expansion. Through its dual A+H capital platforms, SERES intends to accelerate technological innovations, enhance brand value, and broaden its global reach.

Focus on High-Quality Intelligent Electric Vehicles

As a technology-focused enterprise devoted to NEVs, SERES has committed itself to the high-quality intelligent electric vehicle market. The AITO product lineup, which includes models M9, M8, M7, and M5, has achieved substantial market acceptance and customer loyalty, with total deliveries surpassing 800,000 units. SERES operates under the philosophy of "Intelligence Redefining Luxury," deeply investing in technological innovations that yield safe, software-defined vehicles. With significant investment in research and development, SERES has developed a competitive edge, featuring innovations like its MF technology platform, Super Range Extender, and Intelligent Safety Technology.

As SERES looks to the future, the emphasis on software-defined vehicles and consumer-oriented innovations will drive its growth and global expansion. The company aims to further strengthen its position in the premium NEV segment, steering the Chinese automotive industry into a new era of high-quality development. As SERES continues on this ambitious path, the convergence of technology and financial robustness positions it uniquely in the evolving landscape of electric vehicles globally.