#China #Chongqing #NEV #HKEX #SERES Group

SERES Group Officially Joins HKEX

On November 5, 2025, SERES Group (stock code: 9927.HK) made history by officially getting listed on the main board of the Hong Kong Stock Exchange (HKEX). This event marks a significant achievement not only for the company but also for the entire Chinese automotive industry, being the first luxury New Energy Vehicle (NEV) manufacturer to be dual-listed on A-shares and H-shares. The initial public offering (IPO) is noted to be the largest in the history of Chinese automotive companies and the biggest IPO of any automaker globally in 2025.

The listing on the Hong Kong Stock Exchange provides SERES with a robust international platform to attract capital and support its long-term growth objectives. More importantly, it sets a precedent for Chinese automakers seeking to expand abroad, marrying technological innovation with financial backing to create a sustainable growth model.

Since the announcement of its HKEX listing on October 27, the excitement among investors has surged, with the public offering being oversubscribed by an astonishing 133 times, raising over 170 billion Hong Kong dollars. Approximately 70% of these funds will be directed towards research and development, reinforcing SERES’s commitment to innovation, while around 20% is earmarked for expanding diversified new marketing channels, international sales, and enhancing charging services.

Notably, the IPO has attracted 22 key investors, including prominent names like the Chongqing Industrial Mother Fund, GF Fund, Schroders, and China Post Wealth, indicating widespread recognition of SERES's growth prospects and its ability to develop in a competitive market. This strong backing is expected to lead to a reevaluation of the company's valuation and set a new benchmark for investments in SERES, enhancing its financial capacity and capital efficiency moving forward.

SERES is already positioning itself as a leader in the premium NEV sector, with a growing international footprint across multiple regions including Europe, the Middle East, the Americas, and Africa. In Europe, the company has successfully penetrated key markets such as Norway, Germany, the United Kingdom, and Switzerland, marking a significant step in its global expansion strategy.

With the aid of its A+H dual capital platform, SERES aims to continually foster technological advancements, elevate brand value, and broaden its global reach. The company is specifically focusing on premium smart electric vehicles, applying its extensive technological expertise to innovate in this area. The AITO model family, featuring models like M9, M8, M7, and M5, has achieved remarkable market recognition and customer loyalty, with cumulative deliveries exceeding 800,000 units thus far.

Embracing its philosophy that “Intelligence Redefines Luxury,” SERES is deeply committed to technological innovation, paving the way for the development of safe, software-defined vehicles. With significant investments in R&D, it has established a strong technical foundation featuring innovations like the MF technology platform, extended range capabilities, and intelligent safety technologies.

Looking ahead, SERES will continue leveraging software-defined vehicle technologies, driving growth through user-centric innovations and expanding on the global stage. The company is poised to solidify its leadership in the premium NEV segment and to propel the Chinese automotive industry into a new era of high-quality development.