Core Viewpoint - The recent surge in Hong Kong IPOs by luxury electric vehicle companies reflects their urgent need for capital to support technology development and expansion efforts [1][2]. Group 1: Company Actions - Seres Group has initiated its IPO process in Hong Kong, with the offering period running from October 27 to October 31, and plans to list on November 5, aiming to become another "A+H" listed luxury EV company [1]. - Changan Automobile and other companies like Lantu Automotive and Qianli Technology are also pursuing listings in Hong Kong, indicating a trend among domestic EV manufacturers [1][2]. Group 2: Industry Trends - The influx of EV companies seeking to list in Hong Kong is driven by the capital-intensive nature of the automotive industry, which requires ongoing investment in technology and capacity expansion [1]. - The internationalization of these companies is a significant factor, as listing in Hong Kong enhances brand visibility and facilitates access to international capital, which is crucial for overseas operations [1][2]. Group 3: Financial Aspects - Seres Group anticipates raising a net amount of HKD 12.9249 billion, which will be allocated for R&D, new marketing channels, overseas sales, charging network services, and general corporate purposes [1].