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10
2025
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11
SERES listed on the main board of the Hong Kong Stock Exchange, raising a net amount of HKD 14.016 billion
On November 5th, SERES (stock code: 9927. HK) was officially listed on the main board of the Hong Kong Stock Exchange. This move means that SERES has become the first luxury new energy vehicle company in China to be listed on both A+H markets, raising a net amount of HKD 14.016 billion. It is the largest Chinese car company IPO to date and the largest global car company IPO since 2025.
Since the launch of the Hong Kong stock offering on October 27th, Seres has quickly ignited market enthusiasm and subscription enthusiasm has continued to rise. SERES Hong Kong IPO oversubscribed by 133 times, with financing subscription exceeding HKD 170 billion. About 70% of the funds raised from the Hong Kong IPO will be used for research and development investment, and about 20% will be used for diversified new marketing channels, overseas sales, and charging network services.
More noteworthy is that this issuance has attracted 22 cornerstone investors, including Chongqing Industrial Master Fund, Linyuan Fund, Guangfa Fund, Schroder, China Post Wealth Management, Xingyu Hong Kong, etc., highlighting the deep recognition of the capital market for the high-quality development and high growth value of seres, promoting the restructuring of the company's valuation system, laying a new anchor for investment value, and further improving financing capabilities and capital operation efficiency.
As a representative of the high-end camp of new energy vehicles in China, Sailis' global map currently covers multiple countries in Europe, the Middle East, the Americas, and Africa. Among them, the European market has successfully expanded to key regions such as Norway, Germany, the United Kingdom, and Switzerland, marking the initial landing of its global layout. In the future, with the empowerment of the "A+H" dual capital platform, we will continue to promote technological innovation, brand value enhancement, and global market expansion of Seres.
As a technology driven enterprise with new energy vehicles as its core business, Seres has always anchored the main channel of high-end intelligent electric vehicles. In 2016, we comprehensively transformed into the field of new energy vehicles, and in 2021, we collaborated with Huawei to launch the Wanjie brand, establishing a brand positioning of smart reshaping luxury. As of now, the WENJIE brand has launched four models: WENJIE M9, WENJIE M8, WENJIE M7, and WENJIE M5, which are highly recognized by the market and loved by users. The WENJIE series has delivered over 800000 vehicles in total.
Seres adheres to software defined cars, deeply cultivates technological innovation, takes safety as the foundation, reshapes luxury with wisdom, and steadfastly follows the path of high-quality development. Relying on high-intensity R&D investment, the company has successively launched innovative technological achievements such as the Sailis Magic Cube Technology Platform, Sailis Super Range Extension, and Sailis Intelligent Security, building a solid technological moat.
In addition, Seres collaborates with top domestic universities and technology companies to explore emerging fields such as embodied intelligence, actively leveraging its foundation and innovative advantages in the manufacturing industry and industrial brain, promoting the industrial application of artificial intelligence, and realizing AI+embodied intelligence as emotional, smarter, safer, and more reliable mobile agents and life partners.
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