SERES Takes a Big Leap by Listing on HKEX, Fueling Global Expansion

On November 5, 2025, SERES Group marked a significant milestone by officially listing its shares on the Main Board of the Hong Kong Stock Exchange with the stock code 9927.HK. This achievement makes SERES the first Chinese manufacturer of luxury new energy vehicles (NEVs) to be dual-listed on both the A-share and H-share markets, setting a precedent in the auto industry.

This IPO is noteworthy not just for its historical significance; it stands out as the largest initial public offering by a Chinese automaker to date, and it is the most substantial IPO within the automotive sector globally this year. SERES successfully harnessed this capital growth opportunity to not only fortify its financial standing but also cement its global strategy to expand into international markets.

The excitement surrounding SERES’ Hong Kong IPO commenced with its launch on October 27, leading to an overwhelming response from investors. The public offering saw subscriptions oversubscribe by an impressive 133 times, generating more than HK$170 billion in financing. With approximately 70% of the funds aimed at enhancing research and development capabilities, SERES is channeling about 20% towards expanding its marketing channels, boosting overseas sales, and enhancing its charging network services.

This offering drew significant interest from investors, including 22 cornerstone investors like the Chongqing Industrial Mother Fund, Linyuan Fund, and Schroders. Such backing showcases a robust recognition of SERES' growth potential and development quality within the global capital markets. Analysts expect this momentum to elevate SERES' stock valuation, enhancing its financing capacity and market appeal.

As a frontrunner in China's premium NEV sector, SERES is rapidly extending its global reach, having established operations in a wide range of countries across Europe, the Middle East, the Americas, and Africa. In Europe, SERES has successfully penetrated important markets including Norway, Germany, the UK, and Switzerland - signifying the initial stages of its global expansion efforts.

Fueled by the dual “A+H” capital platform, SERES is committed to driving technological advancements, increasing brand value, and solidifying its presence on an international scale. The firm is primarily focused on the premium sector of smart electric vehicles, ensuring that it builds a robust technical expertise around its innovations.

The AITO lineup—a group of models including M9, M8, M7, and M5—has already garnered significant market traction, with total deliveries exceeding 800,000 units. SERES' philosophy, “Intelligence Redefining Luxury,” is evident in its commitment to advancing safe, software-defined vehicles through substantial investments in R&D. This commitment has resulted in notable innovations such as the MF Technology Platform, Super Range Extender, and Intelligent Safety technology.

Looking ahead, SERES intends to further embrace the concept of software-defined functionalities — constantly refining and enhancing its products based on user requirements. The company is now positioned to fortify its leadership role within the premium NEV segment while also contributing towards a new era in China's automotive industry marked by high-quality growth and development.