Seres Group Co. Ltd.

Share Issue/Capital Change • Nov 6, 2025

News Details

Corporate | 6 November 2025 12:05

SERES Officially Listed on HKEX, Leveraging Dual “A+H” Capital Platforms to Power Global Expansion

Seres Group Co.,Ltd. / Key word(s): Expansion

SERES Officially Listed on HKEX, Leveraging Dual “A+H” Capital Platforms to Power Global Expansion

06.11.2025 / 12:05 CET/CEST

The issuer is solely responsible for the content of this announcement.

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CHONGQING, China, Nov. 6, 2025 /PRNewswire/ — On November 5, SERES Group (stock code: 9927.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange. With this milestone, SERES is now the first Chinese luxury new energy vehicle (NEV) maker to be listed on both the A-share and H-share markets. It is the largest IPO ever by a Chinese automaker and also the world’s largest automaker IPO so far this year.

This successful Hong Kong listing provides SERES with a new international platform for raising capital and supporting long-term growth as well as a solid foundation for the company’s global strategy. More importantly, it establishes a new model for Chinese automakers expanding overseas, combining technological innovation with financial prowess.

Since the launch of SERES’ Hong Kong IPO on October 27, investor enthusiasm has surged. The Hong Kong public offering was oversubscribed by 133 times, raising over HK$170 billion in financing. Approximately 70% of the proceeds will go toward research and development, and roughly 20% will support the expansion of diversified new marketing channels, overseas sales, and charging network services.

Notably, the offering attracted 22 cornerstone investors, including the Chongqing Industrial Mother Fund (Chongqing Industrial Investment Fund of Funds) (FoF), the Linyuan Fund, the GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong, highlighting broad recognition from global capital markets of SERES’ strong growth prospects and high-quality development. This strong investor backing is expected to drive a re-rating of the company’s valuation and establish a new benchmark for SERES’ investment value, further enhancing its financing capacity and capital efficiency.

A leading player in China’s premium NEV sector, SERES is already expanding its global footprint, with operations now covering multiple countries across Europe, the Middle East, the Americas, and Africa. In Europe alone, SERES has successfully entered key markets such as Norway, Germany, the U.K., and Switzerland, marking the initial phase of its global expansion. Powered by the dual “A+H” capital platform, SERES will continue to drive technological innovation, enhance brand value, and expand its presence globally.

Focused on Premium Smart Electric Vehicles, Building a Moat of Technical Expertise

As a technology-driven company with a focus on NEVs, SERES has committed itself to the premium intelligent electric vehicle market. To date, the AITO lineup, with its M9, M8, M7, and M5 models, has received strong market recognition and customer loyalty, with total deliveries surpassing 800,000 units.

Staying true to its philosophy of “Intelligence Redefining Luxury”, SERES is deeply committed to technological innovation that produces safe, software-defined vehicles. Thanks to its substantial investments in research and development, the company has built a strong moat of technical expertise with innovations, like its MF Technology Platform, Super Range Extender, and Intelligent Safety technology.

Looking ahead, SERES will continue to embrace software-defined vehicles, powering its growth with innovation, driven by user needs, and expanding on the global stage. The company is poised to further strengthen its leadership in the premium NEV segment and drive China’s auto industry into a new era of high-quality development.

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06.11.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.

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