SERES(SH:601127) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-14 03:21Core Insights - AITO Wenjie has surpassed the milestone of one million vehicles sold in just 46 months, significantly faster than competitors like Li Auto, which took 58 months [1] - The Wenjie M9 model has become a dominant player in the high-end electric vehicle market, with 70% of sales in the 500,000+ yuan segment attributed to it [1] - The partnership between Seres and Huawei has evolved over five years, leading to a deeper collaboration and a focus on innovative product launches [2] Sales Performance - Wenjie achieved its first 100,000 vehicle deliveries in May 2023 and reached 400,000 deliveries by July 2024, then crossed the one million mark in just 18 months [1] - The Wenjie M9 has maintained its position as the best-selling model in the 500,000 yuan category for 21 consecutive months, while the M8 has led the 400,000 yuan category for six months [1] - Seres aims to reduce the time taken to reach the next one million vehicles sold to under two years [1] Product Strategy - Wenjie has established a diverse SUV product lineup, including models M9, M8, M7, and M5, covering price ranges from 200,000 to 600,000 yuan [1] - Upcoming product updates include a new mid-large SUV model, Wenjie M6, and comprehensive upgrades for existing models M5, M7, and M8, with the M9 expected to see a new variant, M9 L [3] Technological Advancements - The Wenjie series has accumulated 5.1 billion kilometers of assisted driving mileage and 320 million instances of assisted parking, with 83.7% of models featuring assisted driving capabilities [4] - The brand is also focusing on enhancing its smart technology and plans to share resources like charging networks and after-sales services with other brands to improve efficiency and reduce costs [4]