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

SERES Group Achieves Significant Milestone with HKEX Listing

On November 5, 2025, the SERES Group (Ticker: 9927.HK) proudly announced its official listing on the main board of the Hong Kong Stock Exchange. This historic event marks a pivotal step for the company, positioning it as the first Chinese luxury new energy vehicle (NEV) manufacturer to have its shares listed as both A-shares and H-shares. This IPO is not only the largest ever carried out by a Chinese automaker but also holds the title of the biggest global automotive IPO of the year.

The listing on the HKEX is expected to provide SERES with a robust international platform to attract capital and facilitate long-term growth. It establishes a strong foundation for the company's global strategy and sets a new standard for Chinese automakers seeking to expand internationally by combining technological innovation with financial expertise.

Following the IPO launch on October 27, investor enthusiasm surged, with demand for the company’s public offering exceeding available shares by 133 times, ultimately raising over HK$170 billion. Approximately 70% of the proceeds from this offering will be allocated to research and development efforts, while around 20% is earmarked for the support of new diversified marketing channels, overseas sales, and expansion of charging station networks.

Remarkably, this offer attracted 22 prominent investors, including the Chongqing Industrial Mother Fund, Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This underscores the global capital markets’ recognition of SERES’s strong growth prospects and commitment to high-quality development. The substantial investor backing is expected to lead to a reassessment of the company’s valuation and set a new benchmark for investment ratings, further enhancing its financial capabilities and capital efficiency.

As a key player in China’s premium NEV segment, SERES is actively expanding its global footprint, currently reaching various nations across Europe, the Middle East, North and South America, and Africa. In Europe alone, the company has successfully penetrated vital markets such as Norway, Germany, the United Kingdom, and Switzerland, marking the beginning of its global expansion journey.

Leveraging its A+H dual capital model, SERES is set to drive technological innovations, enhance brand value, and broaden its global presence. Focused on premium smart electric vehicles, the company is committed to creating a technological moat through its expertise. The AITO lineup, featuring models M9, M8, M7, and M5, has already garnered strong market recognition and customer loyalty, with total deliveries surpassing 800,000 units.

Staying true to its philosophy of "Intelligence Redefining Luxury," SERES is deeply committed to technological innovations that enable it to produce safe, software-defined vehicles. Significant investments in research and development have fostered a strong technological moat, complemented by innovations such as the MF Technology Platform, Super Range Extender, and Intelligent Safety Technology.

Looking ahead, SERES will continue to focus on software-defined vehicles and expand its global operations driven by user-centered innovations. The company is poised to strengthen its leadership in the premium NEV sector and elevate China’s automotive industry to new heights of high-quality development. As a leader in the NEV market, SERES Group is dedicated to redefining the automotive landscape and enhancing user experiences through continuous innovation and expansion efforts.