#China #Chongqing #NEV #HKEX #SERES Group

SERES Makes Its Hong Kong Stock Exchange Debut

On November 5, 2025, the SERES Group, listed under the ticker 9927.HK, officially entered the primary trading market of the Hong Kong Stock Exchange (HKEX). This marked a significant milestone as SERES became the first Chinese luxury vehicle manufacturer powered by alternative energy sources (NEV) to list on both A and H markets simultaneously. This event is noted as the largest initial public offering (IPO) in the history of the Chinese automotive industry and the biggest automotive IPO globally this year.

The successful debut in Hong Kong has offered SERES a new international platform for capital acquisition, bolstering its long-term growth and laying a strong foundation for executing its global strategy. More importantly, it sets a new precedent for the expansion of Chinese automotive manufacturers into overseas markets, combining technological innovation with solid financial backing.

Since initiating its public offering in Hong Kong on October 27, investor interest surged dramatically, resulting in a staggering 133-fold oversubscription of the offering. The capital raised exceeded 170 billion HKD, with approximately 70% of the funds allocated for research and development, and around 20% designated for expanding diverse marketing channels, overseas sales, and charging infrastructure services.

Notably, the offering attracted 22 key institutional investors, including Chongqing Industrial Mother Fund, Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This wide recognition from global capital markets underscores SERES's strong growth outlook and high-quality development. Such robust investor support is expected to enhance the company's reevaluation, establish a new benchmark for its investment value, and improve its financing capabilities and capital efficiency.

As a leading player in the luxury NEV sector in China, SERES is already broadening its international footprint with operations across various countries in Europe, the Middle East, both Americas, and Africa. In Europe alone, SERES has successfully penetrated key markets like Norway, Germany, the United Kingdom, and Switzerland, marking the first phase of its global expansion. Leveraging the A+H dual capital platform, SERES aims to accelerate technological innovations, enhance brand value, and broaden its global reach.

Focus on Luxury Smart Electric Vehicles

As a tech-centric company focused on vehicles powered by alternative energy sources, SERES is honing in on the luxury smart electric vehicle segment. Its model lineup, AITO, comprising M9, M8, M7, and M5, has garnered substantial market acclaim and customer loyalty, achieving total deliveries of over 800,000 units.

Adhering to the philosophy of "Intelligence Redefining Luxury," SERES is continually engaging in technological innovations that facilitate the creation of safe, software-defined vehicles. With significant investments in R&D, the company has established a formidable technological edge, introducing innovations such as the MF technology platform, Super Range Extender, and Intelligent Safety technology.

In the future, SERES will persist in its development of software-defined vehicles, driven by user-inspired innovations, while expanding its international endeavors. The company is poised to fortify its leadership position in the luxury NEV industry and lead the Chinese automotive sector into a new era of high-quality development.