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SERES Makes Waves on Hong Kong Stock Exchange

On November 5, 2025, SERES Group (stock code: 9927.HK) marked a significant milestone in its growth trajectory by being officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX). This momentous occasion makes SERES the first Chinese manufacturer of luxury new energy vehicles to be publicly listed on both A-shares and H-shares markets. Notably, this listing represents the largest initial public offering (IPO) by a Chinese automobile manufacturer to date and the biggest IPO for any carmaker globally since the start of the year.

The listing on the HKEX offers SERES a vital international platform to raise capital, bolstering its long-term growth efforts and establishing a strong foundation for its global strategy. This new venture exemplifies a revolutionary model for Chinese automakers looking to expand overseas by merging technological innovation with financial agility.

Since its debut on the HKEX, excitement among investors has surged, with the Hong Kong public offering being oversubscribed by an astonishing 133 times, generating over HKD 170 billion in capital. Approximately 70% of the proceeds are earmarked for research and development, while nearly 20% will focus on diversifying new marketing channels, expanding overseas sales, and enhancing charging network services. The robust investor enthusiasm reflects broad recognition within global financial markets regarding SERES’s promising growth prospects and quality development. Among the prominent investors attracted to the offering are leading funds from Chongqing Industrial Investment, Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This substantial backing from key investors is anticipated to lead to a re-evaluation of SERES's valuation, setting a new benchmark for the firm’s investment outlook and reinforcing its funding capabilities and capital profit margins.

As a leading player in the high-end new energy vehicle sector in China, SERES is already expanding its global footprint by making its products available across various countries in Europe, the Middle East, the Americas, and Africa. In Europe alone, SERES has successfully entered key markets like Norway, Germany, the UK, and Switzerland during its initial phase of global expansion. With its dual-capital platform of "A + H," SERES aims to continue fostering technological innovation, enhance brand value, and strengthen its global presence.

SERES is committed to luxury redefined through intelligence, focusing primarily on high-end smart electric vehicles. Currently, its AITO lineup, featuring models such as M9, M8, M7, and M5, has surpassed total deliveries of 800,000 units, garnering strong market recognition and consumer trust. SERES’s commitment to producing software-defined safe vehicles is rooted in its substantial investments in research and development. The company has built a formidable technical skill set, underpinned by innovations like the MF technology platform, super-range extender, and intelligent safety techniques.

Moving forward, SERES is poised to lead in the software-defined vehicle space, utilizing user-driven innovations to propel its growth on the global stage. The company's ambitious plans suggest it is well-prepared to strengthen its leadership position in the high-end new energy vehicle segment, pushing the boundaries of quality and development within the Chinese automotive industry.