SERES(SH:601127) Yang Guang Wang·2025-11-06 07:18Core Insights - Seres has officially listed on the Hong Kong Stock Exchange, becoming the first luxury new energy vehicle company to achieve dual listing in both A-share and H-share markets, marking the largest IPO for a Chinese car company to date and the largest globally since 2025 [1] - The company aims to leverage Hong Kong's international financial hub and high-end talent to enhance cross-industry collaboration and resource activation, focusing on high-quality development and competitive products for global users [1] Group 1 - The IPO involved a global public offering of 108.6 million shares, raising a net amount of HKD 14.016 billion, which will be invested in global product R&D, marketing services, channel development, and necessary global production capacity [1] - Seres adheres to a "software-defined vehicle" technology route and a "user-defined vehicle" market orientation, emphasizing high-end, intelligent, and green development [2] - The company is exploring the industrial application of "AI+" mobile intelligent entities, aiming to transform products into emotional, intelligent, safe, and reliable companions [2] Group 2 - Seres plans to utilize its dual capital platform to collaborate with ecosystem partners, focusing on technological innovation and user experience to strengthen safety and experience as foundational elements [2] - The company aims to accelerate the global market presence of Chinese high-end new energy vehicle brands through increased innovation and R&D investment, enhancing global competitiveness and influence [2]