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

SERES Group Officially Listed on HKEX

On November 5, 2025, the SERES Group, trading under the stock code 9927.HK, achieved a significant milestone by being officially listed on the main board of the Hong Kong Stock Exchange (HKEX). This groundbreaking event not only positions SERES as the first Chinese manufacturer of new energy vehicles (NEVs) to be dual-listed on both A and H stock markets but also marks the largest initial public offering (IPO) of a Chinese automotive firm to date, with additional significance as the world's largest automotive IPO for the year.

The successful listing on HKEX opens a new international platform for SERES to raise capital, enabling robust long-term growth and establishing a solid foundation for its global strategy. Importantly, this development presents a new model for Chinese automotive manufacturers looking to expand internationally, marrying technological innovation with financial acumen.

Since the launch of its Hong Kong IPO on October 27, investor enthusiasm has surged dramatically. The public offering in Hong Kong was oversubscribed by a remarkable 133 times, leading to over HKD 170 billion in fundraising. Approximately 70% of the raised funds are earmarked for research and development, while around 20% will facilitate the expansion into diversified new marketing channels, overseas sales, and charging network services.

Notably, the offering attracted 22 key investors, including the Chongqing Industrial Mother Fund, Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong, indicating broad recognition of SERES's strong growth prospects and high-quality development by global capital markets. This substantial backing is expected to prompt a reevaluation of SERES’s valuation, setting a new benchmark for the company’s investment appeal and further boosting its financial capacity and capital efficiency.

SERES, as a leading player in China's premium NEV sector, is already extending its global reach across several regions, including Europe, the Middle East, the Americas, and Africa. In Europe, SERES has successfully entered key markets such as Norway, Germany, the United Kingdom, and Switzerland, thus initiating its global expansion. With the dual capital platform of A+H, SERES will continue to foster technological innovation, enhance brand value, and broaden its global presence.

The company focuses on premium intelligent electric vehicles and is committed to building extensive technical expertise as a technology-oriented entity focused on NEVs. The AITO model series, which includes models M9, M8, M7, and M5, has received strong recognition in the market and customer loyalty, with total deliveries exceeding 800,000 units.

Staying true to its philosophy, “Intelligence Redefines Luxury,” SERES is deeply engaged in technological innovations that lead to the development of safe, software-defined vehicles. With substantial investments in research and development, the company has established a robust technical foundation marked by innovations such as the MF technology platform, super long-range capabilities, and smart safety technology.

Looking ahead, SERES will continue to leverage software-defined vehicles, support its growth through user-driven innovations, and expand on the global stage. The company is poised to further solidify its leadership in the premium NEV segment and propel the Chinese automotive industry into a new era of high-quality development.