SERES Achieves Remarkable Rise in Fortune China 500 Ranking Due to AITO Growth
SERES Achieves Remarkable Rise in Fortune China 500 Ranking Due to AITO Growth
In the bustling landscape of China's electric vehicle market, SERES has remarkably garnered the spotlight by climbing a staggering 235 places in the 2025 Fortune China 500 list, ultimately landing at the 169th position. This year’s report reflects SERES's robust performance and significant growth within the fiercely competitive New Energy Vehicle (NEV) sector. The shift from 404th last year to this year's impressive standing underscores not just an upward trajectory but a strong market presence bolstered by innovation and strategic partnerships.
The company reported an impressive revenue of 145.2 billion RMB, approximately 20.2 billion USD, in 2024, highlighting a colossal 305% increase from the previous year. Moreover, the net profit attributable to shareholders hit 5.95 billion RMB. With the sales of NEVs soaring to 420,000 units, marking a remarkable 182% increase, SERES also achieved an industry-leading gross margin of 26.21% for its NEV segment, setting a new benchmark in the market.
Collaborations Fueling Growth
According to Fortune, SERES's success is not purely coincidental; it stems from a series of strategic partnerships that facilitate continuous product innovation and operational excellence. This collaborative framework enables SERES to stay ahead of market trends, enhancing customer satisfaction through consistent advancements in technology and service delivery.
The AITO Brand: A Game-Changer
AITO, SERES’s luxury NEV brand launched in 2021, plays a crucial role in this upward movement. In just 40 months, AITO has surpassed 700,000 cumulative deliveries, setting a new record for the speed of delivery among luxury NEV brands in China. The flagship model, AITO M9, contributed significantly to these figures with over 200,000 units delivered. Notably, the latest AITO model, M8, has already seen over 40,000 units delivered, further affirming the brand's strong reception in the market.
In addition, from 2024 to the present day, the new AITO M7 series has maintained its title as the best-selling car in the price segment around 300,000 RMB (about 42,000 USD), cementing its status amongst premium brands in the NEV landscape.
Paving the Future
These milestones showcase the AITO brand's capability to deliver highly sophisticated and luxurious experiences, setting the stage for accelerated growth both nationally and internationally. With strong production capabilities, in-depth collaborations in smart automotive technology, and a rapidly expanding product lineup, SERES is strategically positioned to not only reinforce its leadership in the Chinese electric vehicle market but also make substantial strides on the global front.
In conclusion, SERES’s impressive rise in the Fortune China 500 ranking is a testament to its strategic business decisions and innovative approaches, particularly fostering growth through its AITO brand. As the landscape of electric vehicles continues to evolve, SERES prepares to navigate the future with agility and foresight, poised for continued success in the fast-paced NEV industry.
Topics Auto & Transportation）
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