SERES Achieves Remarkable Growth in Fortune China 500 Ranking for 2025

SERES has significantly marked its presence in the competitive landscape of China's new energy vehicle (NEV) sector. The company has made headlines by being the largest climber in the 2025 Fortune China 500 list, jumping an impressive 235 places from last year, landing at 169th position. This remarkable rise underscores not just the success of SERES, but also the thriving development of the NEV market in which it operates.

In 2024, SERES reported an astounding revenue of 145.2 billion RMB (approximately 20.2 billion USD), representing a staggering 305% increase from the previous year. The net profit attributed to shareholders reached 5.95 billion RMB, marking a significant financial milestone for the company. Furthermore, SERES sold 420,000 NEVs in the same year, displaying a remarkable growth rate of over 182%. This surge in sales also pushed the gross profit margin of its NEV business to a record-breaking 26.21%.

Fortune credits SERES's achievement to several key factors, including its strategic partnerships and an unwavering commitment to product innovation and operational excellence. These elements have kept SERES ahead in a highly competitive environment, continuously enhancing its portfolio and adapting to market demands.

The AITO Brand: A Catalyst for Growth

AITO, the luxury brand launched in 2021, has played a pivotal role in driving SERES's growth. Over a mere 40 months, AITO has achieved cumulative deliveries exceeding 700,000 units, setting a new record for luxury NEV brands in China. This includes over 200,000 units of its flagship model, the AITO M9, and more than 40,000 units of the newly introduced AITO M8.

Moreover, the AITO M7 series has secured its position as the best-selling model in its competitive segment, driving significant sales since its launch. The model's price point of around 300,000 RMB (approximately 42,000 USD) makes it both accessible and appealing to consumers, solidifying its status as a leader among Chinese luxury NEV brands.

AITO's milestones highlight SERES's capability to deliver advanced intelligent luxury experiences while simultaneously expanding its reach in both domestic and international markets. With robust manufacturing capacities and a strong collaborative framework in smart vehicle technologies, SERES is positioned to strengthen its leadership in the Chinese NEV market and make considerable strides globally.

Future Prospects

Looking forward, SERES's strategic initiatives and market expansion efforts, driven by the success of its AITO brand, promise a bright future. The company aims to continue to push the boundaries in innovation and market penetration, capitalizing on the growing demand for NEVs not only in China but around the world. As SERES solidifies its foothold as an industry leader, it sets a benchmark for other competitors in the NEV sector, showcasing a template for success through resilience, innovation, and strategic partnerships.

In summary, SERES’s recognition in the 2025 Fortune China 500 ranking signifies a remarkable turnaround and rapid growth trajectory, emphasizing the brand's potential and its pivotal role in shaping the future of the NEV industry.