#China #Chongqing #NEV #HKEX #SERES

SERES Makes History with HKEX Listing

On November 5, 2025, SERES Group (stock code: 9927.HK) achieved a significant milestone by being listed on the Main Board of the Hong Kong Stock Exchange. This landmark event not only marks SERES as the first Chinese luxury new energy vehicle (NEV) manufacturer to be listed on both the A-share and H-share markets but also positions it as the largest initial public offering (IPO) by a Chinese automaker to date. Furthermore, this IPO is recognized as the largest globally for any automaker thus far this year.

The successful listing on the Hong Kong Stock Exchange provides SERES with a robust platform for international fundraising, which is essential for supporting its long-term growth. This milestone establishes a new paradigm for Chinese automakers looking to expand internationally, combining technological innovation with financial strengths.

Investor enthusiasm for SERES has been remarkable since the Hong Kong IPO launch on October 27. The company witnessed an overwhelming response, resulting in the public offering being oversubscribed by 133 times, which led to a total capital raise exceeding HK$170 billion. Nearly 70% of this capital is earmarked for research and development, while around 20% will bolster the expansion of diversified marketing channels and enhance its overseas sales and charging network services.

Strong Investor Support

The offering attracted a diverse array of 22 cornerstone investors, among which notable names include the Chongqing Industrial Mother Fund, the Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This broad recognition from the global capital markets reflects SERES' strong growth prospects and high-quality development. The robust support from investors is anticipated to lead to a favorable re-evaluation of the company’s value, setting a new benchmark for its investment potential, and enhancing its financing capacity and capital efficiency.

SERES leads the premium NEV sector in China, with operations that span multiple regions including Europe, the Middle East, the Americas, and Africa. In Europe, SERES has successfully established itself in key markets like Norway, Germany, the United Kingdom, and Switzerland, which signifies the preliminary phase of its global outreach.

Commitment to Technological Innovation

As a technology-centric manufacturer focusing on NEVs, SERES has firmly committed to its niche in the premium intelligent electric vehicle market. The company’s AITO lineup, comprising models like the M9, M8, M7, and M5, has garnered robust market acclaim, leading to total deliveries surpassing 800,000 units. Adhering to its philosophy of “Intelligence Redefining Luxury,” SERES is unwaveringly dedicated to technological innovation that guarantees safe, software-defined vehicles. Through significant investments in R&D, the company has fortified its technical expertise with groundbreaking advancements such as the MF Technology Platform, Super Range Extender, and Intelligent Safety technology.

Looking forward, SERES is poised to propel the growth of software-defined vehicles while focusing on user-centric needs and expanding its global footprint. The organization isly positioned to enhance its leadership status in the premium NEV market and set the stage for a new era of high-quality development within China’s automotive industry.

Conclusion

In conclusion, SERES’ successful listing on the Hong Kong Stock Exchange marks not just a pivotal moment in the company’s history but also represents a transformation in the Chinese automotive landscape, demonstrating the growing recognition of the importance of NEVs in the global market. As SERES navigates this new chapter, it remains committed to innovation and expanding its international presence, reaffirming its position as a leader in the premium intelligent electric vehicle segment.