SERES Officially Debuts on HKEX, Eyes Global Growth

SERES Group, a leading Chinese luxury new energy vehicle maker, marked a significant milestone by being listed on the Hong Kong Stock Exchange. As the largest IPO by a Chinese automaker, this listing is expected to fuel SERES' global growth. This move represents a strategic expansion, leveraging both A-share and H-share markets.

The IPO drew strong investor interest, with a 133-time oversubscription, raising over HK$170 billion. About 70% of these funds will boost research and development, while 20% will enhance marketing, overseas sales, and charging infrastructure.

SERES' presence is already growing internationally, with operations in Europe, the Middle East, and the Americas. In Europe, SERES has entered key markets, including Germany and the U.K.

Focused on premium smart electric vehicles, SERES is emphasizing technological innovation, as seen in its popular AITO models, reaching global deliveries of 800,000 units.