SERES(SH:601127) Zhong Zheng Wang·2025-10-09 02:35Core Viewpoint - The strong sales performance of Seres (赛力斯) in September 2025, driven by the successful launch of the new AITO M7 model, indicates a positive outlook for the company's growth in the high-end electric vehicle market [1] Sales Performance - In September 2025, Seres sold 44,678 new energy vehicles, marking a year-on-year increase of 19.44% [1] - Cumulative sales from January to September reached 304,629 vehicles [1] Product Launch and Delivery - The newly launched AITO M7 model received over 40,000 pre-orders within 24 hours of its release on September 23 [1] - The first batch of AITO M7 deliveries commenced on September 26, achieving "delivery within 72 hours of launch," showcasing the company's rapid operational capabilities [1] - The product lineup has been continuously enhanced with the introduction of models such as the AITO M5 Ultra, AITO M9 2025, and AITO M8, with total deliveries exceeding 800,000 units [1] Market Position - The AITO M9 has surpassed 240,000 cumulative deliveries, maintaining its position as the sales champion in the 500,000 yuan market segment [1] - The AITO M8, launched in April, has also crossed 100,000 cumulative deliveries, solidifying its lead in the 400,000 yuan market segment [1] Market Outlook - The capital market holds an optimistic view on Seres' future performance, anticipating a surge in deliveries for the AITO M7 as the year-end car buying season approaches [1] - The synergistic effect of the product lineup, including stable outputs from the AITO M9 and M8, is expected to further enhance growth in the fourth quarter [1]