SERES Achieves Notable Growth in Fortune China 500 Rankings for 2025
On August 1, 2025, the prestigious Fortune revealed its updated rankings for the Fortune China 500 list, and SERES has emerged as the standout performer this year. The company has ascended to the remarkable position of 169th, which is a substantial leap from its previous ranking of 404 in the same list last year. This significant rise in the rankings underscores SERES's impressive growth trajectory amid a fiercely competitive market dominated by new energy vehicles (NEVs).
In 2024, SERES reported revenues totaling approximately 145.2 billion RMB (around 20.2 billion USD), reflecting an extraordinary year-on-year increase of 305%. The company also recorded a net profit attributable to shareholders of 5.95 billion RMB, which further solidifies its strong financial position in the automotive market. Sales figures reveal that SERES sold an astonishing 420,000 NEVs last year, indicating a remarkable growth rate of over 182%. Such impressive performance has enhanced the company’s gross profit margin to 26.21% for the NEV sector, marking a new record for the brand.
Fortune highlighted SERES's rapid ascent not just as a product of market conditions but as a result of innovative collaborations with business partners that drive continuous product development and operational excellence. This collaborative spirit plays a pivotal role in SERES's success in the NEV market, which is characterized by robust competition and a demand for cutting-edge technology.
AITO, the luxury NEV brand launched by SERES in 2021, has been a primary catalyst for this growth. In under 40 months since its inception, AITO has achieved over 700,000 cumulative deliveries, establishing itself as the fastest-growing luxury NEV brand in China. Among these, the flagship model, AITO M9, has seen more than 200,000 units delivered, while the recently introduced AITO M8 has surpassed 40,000 deliveries. Moreover, the AITO M7 has held the title of best-selling model in the competitive 300,000 RMB (approximately 42,000 USD) segment since 2024, marking yet another milestone in the company’s history.
Such significant achievements reflect SERES's commitment to providing intelligent and advanced luxury experiences, all while engaging in aggressive expansion strategies within both domestic and international markets. With its robust manufacturing capabilities, collaborative partnerships in intelligent vehicle technologies, and an expanding product portfolio, SERES is well-equipped to reinforce its position as a leader in China’s NEV industry and make significant strides on the global stage.
As we look ahead, all eyes will be on SERES and AITO to see how they continue to innovate and navigate the ever-evolving landscape of the automotive market, particularly in the realm of electric vehicles and sustainability. SERES proves that with the right strategies in place, remarkable growth is not just a possibility; it’s a reality.
In 2024, SERES reported revenues totaling approximately 145.2 billion RMB (around 20.2 billion USD), reflecting an extraordinary year-on-year increase of 305%. The company also recorded a net profit attributable to shareholders of 5.95 billion RMB, which further solidifies its strong financial position in the automotive market. Sales figures reveal that SERES sold an astonishing 420,000 NEVs last year, indicating a remarkable growth rate of over 182%. Such impressive performance has enhanced the company’s gross profit margin to 26.21% for the NEV sector, marking a new record for the brand.
Fortune highlighted SERES's rapid ascent not just as a product of market conditions but as a result of innovative collaborations with business partners that drive continuous product development and operational excellence. This collaborative spirit plays a pivotal role in SERES's success in the NEV market, which is characterized by robust competition and a demand for cutting-edge technology.
AITO, the luxury NEV brand launched by SERES in 2021, has been a primary catalyst for this growth. In under 40 months since its inception, AITO has achieved over 700,000 cumulative deliveries, establishing itself as the fastest-growing luxury NEV brand in China. Among these, the flagship model, AITO M9, has seen more than 200,000 units delivered, while the recently introduced AITO M8 has surpassed 40,000 deliveries. Moreover, the AITO M7 has held the title of best-selling model in the competitive 300,000 RMB (approximately 42,000 USD) segment since 2024, marking yet another milestone in the company’s history.
Such significant achievements reflect SERES's commitment to providing intelligent and advanced luxury experiences, all while engaging in aggressive expansion strategies within both domestic and international markets. With its robust manufacturing capabilities, collaborative partnerships in intelligent vehicle technologies, and an expanding product portfolio, SERES is well-equipped to reinforce its position as a leader in China’s NEV industry and make significant strides on the global stage.
As we look ahead, all eyes will be on SERES and AITO to see how they continue to innovate and navigate the ever-evolving landscape of the automotive market, particularly in the realm of electric vehicles and sustainability. SERES proves that with the right strategies in place, remarkable growth is not just a possibility; it’s a reality.
Topics Consumer Products & Retail）
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