$SERES(09927.HK) Seres is purely a contract manufacturer for Huawei; without Huawei's technology, it's nothing. Its vehicle manufacturing is subpar, yet it dares to set high prices. It relies on the Aito brand to exploit naive investors, lacking its own core technology and being tightly controlled by Huawei. Its car-making heritage is inferior to Xiaomi's, and its cost-performance ratio is crushed. To put it bluntly, it's just a rebranding OEM factory, a product that only fools inexperienced buyers.
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