Seres Group Posts Strong Year-to-Date NEV Growth as Seres Models Outpace Wider Portfolio
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Seres Group Co. Ltd. reported a 24% year-to-date increase in new energy vehicle (NEV) production, with April output at 34,491 units. Sales for April reached 33,132 units, marking a 5.22% annual rise and nearly 30% growth year-to-date. The growth is driven by Seres-branded models, despite a decline in other models. The company is focusing on its flagship Seres line, indicating a strategic shift that may impact capacity allocation and profitability in the competitive Chinese EV market.
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