Seres

Seres submitted its application for a Hong Kong listing in April, aiming to advance its global expansion and establish an international capital operation platform.

Seres achieved a net income of RMB 5.9 billion in 2024, becoming the fourth NEV maker in the world to achieve profitability.

Seres delivered Seres 5 vehicles to the first European owners in Norway in cooperation with a local dealer.

Seres officially launched the Landian brand on March 30 and made its first model, the plug-in hybrid E5, available with technology from Huawei and BYD.

The Landian E5 is a mid-size plug-in hybrid SUV with a starting price of RMB 139,900.

The Seres 5 will be powered by a ternary solid-liquid hybrid lithium battery from Ganfeng Lithium, with a 90-kWh version expected to offer a 530 km WLTP range.

This is up 316.78 percent from 3,189 units in the same month last year and up 7.03 percent from June.

In China, the partnership with Huawei has made people know Seres but not Chongqing Sokon.

Sokon is one of Huawei's most important partners in the automotive sector, and the two are jointly building new models under the AITO brand.

Sokon's NEV brand, Seres, sold 5,440 units in May, up 1,616.09 percent year on year.