#China #Chongqing #NEV #HKEX #SERES Group

SERES Group's Official Listing on HKEX

On November 5, 2025, SERES Group (stock code: 9927.HK) officially listed on the main board of the Hong Kong Stock Exchange (HKEX). This event marks a significant milestone, as SERES becomes the first Chinese manufacturer of luxury new energy vehicles (NEVs) to be publicly traded in both the A-share and H-share stock markets. With this listing, it sets records for the largest initial public offering (IPO) of a Chinese automotive manufacturer and the largest IPO for a carmaker in the world this year.

The successful listing in Hong Kong provides SERES with a vital international platform for capital raising, strengthening its long-term growth prospects and laying a solid foundation for its global strategy. Crucially, it establishes a new model for Chinese automotive manufacturers expanding abroad, integrating technological innovation with financial prowess.

Since launching its IPO on October 27, investor enthusiasm has surged. The Hong Kong offering was oversubscribed by 133 times, raising over HKD 170 billion. Approximately 70% of the capital raised will be allocated towards research and development, while about 20% will fund the expansion of diversified marketing channels, overseas sales, and charging network services.

Particularly noteworthy is the participation of 22 key investors, including Chongqing Industrial Mother Fund (FoF), Linyuan Fund, GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong. This reflects strong recognition in global capital markets for SERES's promising growth outlook and high-quality development.

This robust investor backing is expected to enhance the company's valuation and set a new benchmark for investment value, further improving SERES's financing capabilities and capital efficiency. As a leading player in the premium NEV sector in China, SERES is actively expanding its global footprint, with operations now covering various countries in Europe, the Middle East, America, and Africa. In particular, it has successfully entered key European markets such as Norway, Germany, the United Kingdom, and Switzerland, marking the initial phase of its global expansion effort.

Fueled by the dual capital platform