#China #Chongqing #NEV #HKEX #SERES Group

SERES Group Officially Listed on the Hong Kong Stock Exchange

On November 5, 2025, SERES Group, identifiable by its stock code 9927.HK, made its official debut on the Hong Kong Stock Exchange (HKEX). This significant milestone positions SERES as the first luxury new energy vehicle (NEV) manufacturer in China to be simultaneously listed on both A-share and H-share markets. The company’s successful listing represents the largest initial public offering (IPO) ever conducted by a Chinese automaker, and notably, it is the largest automotive IPO in the world so far this year.

This move paves the way for SERES to harness a new international capital platform essential for driving its long-term growth and supports its ambitious global strategy. It sets a precedent for other Chinese automotive companies aiming for overseas expansion by merging technological innovations with sound financial planning.

Following the IPO launch on October 27, investor enthusiasm surged tremendously. The initial public offering was oversubscribed by 133 times, raising over 170 billion Hong Kong dollars. Approximately 70% of the funds raised will be allocated to research and development efforts, while around 20% will support the expansion into diversified new marketing channels, overseas sales, and charging network services.

Notably, 22 cornerstone investors participated in this IPO, including the Chongqing Industrial Investment Fund of Funds, Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This strong backing from the investor community reflects confidence in SERES's growth prospects and quality development. It should also lead to a reassessment of the company's valuation and a new foundational investment value, enhancing both its financial capabilities and capital efficiency.

As a key player in the premium NEV sector in China, SERES is already expanding its global footprint, having entered key European markets such as Norway, Germany, the United Kingdom, and Switzerland, marking the initial phase of its global expansion.

Leveraging the dual 'A+H' capital platform, SERES is poised to continue driving technological innovation, enhancing its brand value, and boosting its global presence. The company aims to remain focused on the premium intelligent electric vehicle market, utilizing competitive advantages from its technical expertise.

Dedicated to the NEV market, SERES has committed to delivering premium intelligent electric vehicles. To date, the AITO lineup, including models M9, M8, M7, and M5, has achieved strong market recognition and customer loyalty, with total shipments exceeding 800,000 units.

Staying true to its philosophy of 'Intelligence Redefining Luxury', SERES is deeply committed to technological innovation, producing safe, software-defined vehicles. With substantial R&D investment, the company maintains a strong competitive edge through expert knowledge and innovations like the MF Technology Platform, Super Range Extender technology, and Intelligent Safety technology.

Moving forward, SERES will continue to roll out software-defined vehicles, drive growth through user-driven innovations, and expand its international presence. The company is prepared to enhance its leadership in the premium NEV segment and elevate the Chinese automotive industry to new heights of high-quality development.