SERES(SH:601127) Ge Long Hui·2025-10-08 09:57Core Insights - Seres reported a total of 44,678 electric vehicle sales in September, marking a year-on-year increase of 19.44%, with cumulative sales reaching 304,629 units for the first nine months of the year [1] Group 1: Product Launch and Performance - The new AITO M7 was officially launched on September 23, achieving over 40,000 pre-orders within 24 hours, indicating strong market demand [4] - The AITO product lineup has been expanding, with the new M5 Ultra, M9 2025 model, M8, and the all-new M7 being well-received by consumers, leading to over 800,000 cumulative deliveries, setting a record for luxury electric vehicle brands in China [4] - The AITO M9 and M8 have become sales champions in their respective price segments, with the M9 surpassing 240,000 cumulative deliveries and the M8 exceeding 100,000 deliveries [6] Group 2: Market Outlook - The capital market remains optimistic about Seres' growth potential, especially with the upcoming peak car-buying season at the end of the year [6] - The synergistic effect of the AITO product lineup is expected to become more pronounced, coupled with the ramp-up of new product deliveries, positioning Seres for a potential growth surge in the fourth quarter [6]