HUSERES@EC2703A

Seres Zhang Xinghai: Chip and Lithium Price Surge Adds 15k-20k Cost per AITO Vehicle

Citi Cuts Seres A-share and HK-share Price Targets to 55.40 RMB / 63.70 HKD

Seres-backed Seedao to launch new car brand on June 9, partnering with ByteDance for AI-driven vehicles

AITO M9 Caught Fire in Taizhou, Company States Caused by Metal Debris Impact Not Vehicle Defect

Seres May New Energy Vehicle Sales Drop 16.27% YoY to 33,476 Units

Seres Expands Overseas, AITO Firmly Pursues High-End Global Expansion to Build Competitiveness

All-New AITO M9 Officially Launched with Six-LiDAR Matrix, Starting at 479,800 Yuan

Seres Subsidiary Landian Technology Receives Proposed Capital Injection of Approximately 6.67 Billion CNY from Multiple Investors

Seres and BaoWu Mag Aluminum Achieve Mass Production of Semi-solid Magnesium Alloy Auto Parts

Seres Group Repurchased 1,097,670 A Shares

Seres Announces Vehicle Production and Sales Data for April and First Four Months

Seres Experiences 5.22% YoY Growth in New Energy Vehicle Sales in April

SERES released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 29.19 B, actual EPS HKD 0.4875

Seres repurchased 550,600 A-shares for 49,974,800 yuan

Seres Establishes New Company with Bluedian Assets and Proceeds with Equity Expansion

Seres Plans to Repurchase Stocks to Boost Investor Confidence

SERES to Release FY2026 Q1 Earnings Report on April 29 During-Market BJT

Seres Joins BMW and Mercedes-Benz Joint Venture IONCHI

ByteDance Collaborates with Seres to Develop Smart Cockpit Solution

Seres Fully Establishes Chuangxin Investment

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Hong Kong-listed new energy vehicle makers strengthened in afternoon trading, with Li Autorising more than 8% and Seresup more than 4%. According to Jin10, Great Wall Motor, XPeng, Leapmotor, and Xiaomialso moved higher.

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STOCKS | Hong Kong-Listed New Energy Vehicle Shares Rise in Afternoon Trading

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Find insight on Chinese airline stocks, Volvo, Seres Group and more in the latest Market Talks covering Auto and Transport.

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Auto & transport roundup: Market talk

Citi downgraded SERES' target price to HKD63.7 from HKD98.9, maintaining a Neutral rating due to tepid sales and intense competition. Following a 17% YoY drop in May sales for the Huawei-backed AITO brand, Citi slashed 2026-2027 forecasts for sales volume, revenue, gross margin, and net profit by up to 52%. The bank cited weakening economies of scale and rising raw material costs as key factors impacting profitability.

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Citi Cuts SERES  TP to HKD63.7, Rates Neutral on Tepid Sales

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Hong Kong-listed new energy vehicle stocks weakened, with XPeng Inc., NIO Inc., and Leapmotor Technology each falling more than 5%. According to Jin10, Seres Group, Xiaomi Corp., BYD Co., and Li Auto also declined.

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STOCKS | Hong Kong-Listed New Energy Vehicle Shares Fall, With XPeng, NIO, and Leapmotor Down Over 5%

Morgan Stanley Capital International upgraded Chinese automaker Seres Group to an AAA ESG rating, recognizing it as a global leader in the automotive industry. Key achievements include renewable energy accounting for over 36% of power consumption, significant carbon emission reductions through solar power and digital supply chain management, and strong performance in social responsibility and governance. Despite challenges regarding hybrid vehicle classifications and data collection flaws, Seres maintains its top status by linking executive pay to ESG metrics.

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MSCI

Chinese Automaker Seres Climbs to Global Leader in ESG Practices, Report Shows

Seres Automobile Co., Ltd. has updated its corporate registration, replacing Zhang Xinghai with Zhang Zhengping as chairperson. The update also includes changes to several key executives. Established in September 2012 with a registered capital of approximately 10.64 billion yuan, the company is jointly held by Seres and the National Development and Reform Fund for Manufacturing Transformation and Upgrading.

Zhang Zhengping Replaces Zhang Xinghai As Chair of Seres Automobile, Qichacha Shows

Seres Group fell 2% to HK$65.15 as it plans to launch a new brand.

HK Stock Market Update

Seres Group falls 2% as new brand launch approaches

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Seres Group, in partnership with ByteDance's Volcengine, is launching a new car brand named Saidou this June. The venture involves significant restructuring, with Chongqing state-backed Shaci Zhiyuan becoming the largest shareholder and CATL investing. DeepRoute will provide the ADAS solution, while Volcengine integrates AI for cockpit experiences. The first model, an SUV-sedan hybrid offering BEV and EREV options, aims to diversify Seres' business beyond its Huawei partnership.

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Seres, ByteDance partner on new car brand with DeepRoute expected as ADAS provider

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Chongqing Landian Technology has been renamed Saidou Tech, the legal entity for SERES' new youth-oriented auto brand launching in June. New shareholders include CATL and Xingyu. Registered capital surged ~203% to RMB971 million.

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SERES  Unit Saidou Tech Introduces CATL and Others as Shareholders

Huawei HIMA delivered 46,122 vehicles in May, marking a 40.79% month-on-month increase and the second consecutive month of sequential growth. Cumulative deliveries for the first five months reached approximately 192,000 units, up 26.5% year-on-year. This performance was driven by strong orders for new models like the Aito M9 and Luxeed V9, highlighting the success of Huawei's smart mobility alliance with traditional automakers.

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Huawei HIMA delivers 46,122 vehicles in May, marking second consecutive month of sequential growth

Today’s Key News Recap

Apr 22 | Dolphin Research Key Watch:🐬 Macro/Sector 1) Trump said the U.S. will extend the ceasefire because of 'serious internal divisions' in Iran, until Tehran presents a unified negotiating plan and concludes talks.This should ease near-term Middle East tensions, supporting more stable oil prices and risk assets. However, core U.S.-Iran differences remain, Iran's stance is still tough, and talks face high uncertainty, so geopolitics risks are not fully cleared.🐬 Stocks 1、$CATL(03750.HK) CATL's 'Super Tech Day' unveiled the 3rd-gen 'Shenxing' ultra-fast charging battery. It delivers 10C-equivalent charging with up to 15C peak rate...

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CATL's new battery charges to 100% in 6 min; BABA unveils AI digital human 'Qwen Dimples' | Daily News Recap

US stocks continue to trade on Oil futures and war headlines and I don't think the volatility will end anytime soon. Trump even hinted at &#34;Cuba operation&#34; next, so uncertainty continues to loom over the next few months. Personally just taking the opportunity to load up on Index funds for long term

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

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☕️ Daily Market Talk | Mar 30, 2026

I think oil will continue to be volatile as long as the war is still going on. As long as the Strait of Hormuz is closed, the supply is still very much constrained.

Bring the gold trade to Singapore would further strengthen Singapore's positioning as a financial center. What better use of the scarce land here than to be paid to stack gold?

Amidst all the FUD, when you look at price and technicals, the markets are flashing some bottoming signals indicating some kind of rebound is on the cards. Amongst them bullish divergences when you compare individual sectors. Markets do not move in a straight line and tend to bamboozle the general crowd. Stay safe!

Watch out for Fed statement and Friday’s NFP data! With the DXY sitting at 100.095, Powell’s upcoming statement and the jobs report could be the catalyst for a shift. If the Dollar Index (DXY) hits resistance at 101 and reverses, the bearish pressure on metals might finally break.

G7 discussion? It's useless when Trump floats the idea of found invasion ain't it? Just brave yourself for the worse, we got a king on the loose. First Greendland, then Venezuela, then Iran.

Singapore stocks are still doing well. I would believe blue chips is the best play. Many mid cap stocks have went up too much and is now in the taking profit stage!

China is really facing a dilemma, it wants the clean energy space to stop killing one another, including EV and solar, but it still wants to stop most subsidies. The best option is to stay away from China stocks in the meantime. The economy is pretty much stuck.

HUSERES@EC2703A(29528.HK)

STOCKS | Hong Kong-Listed New Energy Vehicle Shares Rise in Afternoon Trading

Auto & transport roundup: Market talk

Citi Cuts SERES TP to HKD63.7, Rates Neutral on Tepid Sales

STOCKS | Hong Kong-Listed New Energy Vehicle Shares Fall, With XPeng, NIO, and Leapmotor Down Over 5%

Chinese Automaker Seres Climbs to Global Leader in ESG Practices, Report Shows