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

EDICO HOLDINGS

PARADISE ENT

FUTONG TECH

AUTO ITALIA

KNOWLEDGE ATLAS

ZIJING INTL FIN

SMC ELECTRIC

MICROWARE

ETHK LABS INC.

ZHONG JU INVEST

09927

09863

601633

02333

601127

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.

CoinLive

SERES

LEAPMOTOR

Great Wall Motor

GWMOTOR

LI AUTO-W

XPENG-W

XIAOMI-W

Li Auto

GWMOTOR-R

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

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

VLVLY

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

Volvo

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.

AASTOCKS News

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

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

BYDDY

BYDDF

002594

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.

BYD Company

BYD Company Limited

XPeng

NIO-SW

NIO Inc

BYD COMPANY

NIO Inc. USD OV

BYD HK SDR 10to1

BYD COMPANY-R

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.

Yicai

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

300750

03750

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.

CnEVPost

CATL

BABA-W

Alibaba

CATL HK SDR 30to1

BABA-WR

Alibaba HK SDR 5to1

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

601799

159565

516380

516110

515030

159323

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.

Xingyu Co.,Ltd

E Fund CSI Auto Components Thematic ETF

Guotai CSI All Share Integrated Circuit ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

Guotai CSI 800 Automobile and Parts ETF

ChinaAMC CSI Auto Components Thematic ETF

GF CSI Rare Metals Theme ETF

Hua Xia CSI New Energy Vehicles ETF

Ping An CSI Auto Components Thematic ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

HFT CSI Auto Components Thematic ETF

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.

CHERY AUTO

SAIC Motor

BAIC MOTOR

GEELY AUTO

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

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

HUSERES@EC2703A(29528.HK)