Pins matching tag:Seres

Aito launched its flagship M9 SUV on 26 December 2023 at 469,800 to 569,800 yuan across extended-range and battery-electric versions; Huawei's Richard Yu said 54,000 pre-orders had been taken and 10,000 firm orders came within two hours.

Seres Group began trading in Hong Kong on 5 November 2025 after pricing its offering at HK$131.50 and raising HK$14.3 billion (US$1.8 billion); the shares opened 1.98% below the offer price.

Aito announced on 13 January 2026 that its one-millionth production vehicle, an M9, rolled off the line five years after the brand's launch, and Seres chairman Zhang Xinghai set a goal of the next million within two years.

Seres reported on 19 August 2026 a first-half net loss of 1.72 billion yuan against a 2.94 billion yuan profit a year earlier, on revenue down 7.87% to 57.49 billion yuan, blaming component price rises and a 1.75 billion yuan impairment.

Huawei's HIMA alliance said on 15 September 2026 that Seres would take the lead in the Aito brand's product definition, design, marketing, retail and service, with Huawei in support, keeping Aito inside the alliance.

Huawei's Richard Yu and Seres chairman Zhang Xinghai signed a new five-year agreement on 30 September 2026 to jointly upgrade the Aito business, set up a dedicated Aito team and continue dedicated operations for the brand.

CATL and Seres signed a long-term strategic cooperation agreement in Chongqing on 10 October 2026 to expand battery capacity for Aito to over 20 GWh a year, extend into charging and battery services and pursue Europe, the Middle East and Central Asia.

Seres has not yet announced its third-quarter 2026 results date; the previous year's came on 30 October, so the report on the first full quarter of Aito's new Seres-led model is expected in late October 2026.