#China #Chongqing #SERES Group #Hong Kong IPO #luxury NEV

SERES Group Achieves Historic IPO on HKEX

On November 5, 2025, the SERES Group (Stock Code: 9927.HK) made its official debut on the main board of the Hong Kong Stock Exchange (HKEX). This listing is not only a significant achievement for the company but also establishes SERES as the first Chinese manufacturer of luxury new energy vehicles (NEVs) to be listed on both A-shares and H-shares markets. Moreover, it marks the largest IPO for a Chinese automotive manufacturer, and this year’s largest global automotive IPO.

This success in Hong Kong is expected to provide SERES with a robust international platform to raise capital, supporting long-term growth and establishing a solid foundation for the company's global strategy. Equally important, this listing creates a new model for Chinese auto-makers aiming to expand abroad while marrying technological innovation with financial strength.

Since SERES began its IPO journey in Hong Kong on October 27, investor enthusiasm has skyrocketed. The public offering was oversubscribed by 133 times, raising over HKD 170 billion. Approximately 70% of the proceeds are set to fund research and development, while around 20% will support the expansion of diversified new distribution channels, overseas sales, and charging system services.

Notably, the offering attracted 22 cornerstone investors, including prominent funds such as the Chongqing Industrial Mother Fund, the Linyuan Fund, the GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This wide-ranging acknowledgment by global capital markets of SERES’s strong growth potential and high-quality development is set to lead to a reassessment of the company's value, thereby enhancing its financing capacity and capital efficiency.

As a leading player in the Chinese premium NEV sector, SERES is already expanding its global footprint, currently operational in several countries across Europe, the Middle East, America, and Africa. In Europe alone, SERES has successfully entered key markets including Norway, Germany, the UK, and Switzerland, marking the commencement of its global expansion phase.

Backed by the dual “A+H” capital platforms, SERES is committed to advancing technological innovation, enhancing brand value, and expanding its global presence. As a technology-centric company focused on NEVs, SERES is dedicated to the market for high-quality intelligent electric vehicles. To date, the AITO product line, which includes models M9, M8, M7, and M5, has achieved strong market acceptance and customer loyalty, surpassing total deliveries of 800,000 units.

In line with its philosophy of "Intelligence Redefining Luxury," SERES is vigorously pursuing technological innovations that yield safe, software-defined vehicles. Through substantial investment in research and development, the company has built a formidable technical knowledge base featuring innovations such as its MF technology platform, Super Range Extender, and Intelligent Safety technology.

Looking ahead, SERES will continue to position itself at the forefront of software-defined vehicles, driving growth through innovation, aligning with user needs, and expanding on the global stage. The company is poised to enhance its leadership in the premium NEV segment, guiding China's automotive industry into a new era of high-quality development.