#China #Chongqing #SERES #AITO #EV manufacturing

SERES Achieves Remarkable Success in Luxury EV Market

On October 30, 2025, SERES released its financial results for the third quarter, showcasing impressive growth. The company reported a staggering net profit of 5.312 billion yuan for the first three quarters of the year. This performance signifies not only a substantial year-over-year increase of 31.56%, but also positions SERES to become the first luxury electric vehicle (EV) manufacturer with a dual listing on the mainland and Hong Kong stock exchanges (known as 'A+H' listing).

Exceptional Revenue Growth

In addition to the robust net profit, SERES generated revenue amounting to 110.534 billion yuan during this period. This revenue surge demonstrates the company's successful strategies and strong market presence. The AITO product line has significantly contributed to these figures, individually setting sales records that speak volumes about consumer demand for luxury EVs.

AITO Series Dominates Market

The AITO model series has seen rapid growth, with the AITO M9 model achieving record sales in its price segment, exceeding 250,000 units sold within just 21 months. This remarkable figure has earned it the title of the best-selling vehicle in the 500,000 yuan range. Furthermore, the AITO M8 surpassed 100,000 deliveries, maintaining its position as the top-selling model in the 400,000 yuan segment for four consecutive months. The newly launched AITO M7 has already made waves in the market, with over 20,000 units sold within 36 days of its release, solidifying its status as a major competitor.

Accolades have also poured in for the AITO brand, with a recent study by Landroads Consulting naming it the top brand in the credibility index for new energy vehicles for the first half of 2025. It is noteworthy that the AITO M9 model scored impressively high with a Net Promoter Score (NPS) of 85.2, the highest in its category.

Commitment to Innovation and Technology

SERES credits its market success to a progressive commitment to technological innovation. The company is dedicated to its strategy of software-defined vehicles and is heavily investing in key technologies such as electrification and intelligent systems. This includes innovations like the SERES MF technological platform, SERES Super Range Extender, and SERES Intelligent Safety systems, all designed to enhance the competitiveness of its product offering.

Due to its commitment to continuous innovation and operational excellence, SERES was awarded the Golden Bull Award for the most advantageous investment in 2024. Additionally, SERES's ranking in the top 500 Chinese enterprises has improved significantly, climbing 270 places to the 190th position, marking it as one of the fastest-growing companies on the list.

A New Era: The 'A+H' Listing

On October 27, SERES announced its initial public offering (IPO) in Hong Kong, with plans to officially list on the Stock Exchange of Hong Kong on November 5. This dual listing not only represents a significant milestone for the company but also paves the way for future growth and expansion. Being the first luxury EV manufacturer to achieve an 'A+H' listing is expected to bolster SERES's market standing and attract more investors.

SERES's trajectory clearly indicates that the company is poised for continued success in the rapidly evolving electric vehicle market. With innovative vehicles, strong sales, and a commitment to technological advancements, SERES is not just keeping pace with the industry but is setting new benchmarks for luxury EVs worldwide.