作者 | 周智宇 编辑 | 张晓玲 站在重庆赛力斯超级工厂的中心，张兴海没有给台下的欢呼声留太多时间。 1月13日，当一辆问界M9缓缓驶出检测线，代表着问界品牌首次达成百万交付里程碑。赛力斯创始人兼 董事长张兴海当场立下军令状：第一个100万辆用了5年，下一个100万辆，他要求在2年内完成。 接近赛力斯人士则表示，这还仅是算的国内市场，要完成这个目标并不难。 显然，与华为深度绑定的赛力斯，有了更大的野心。 过去，赛力斯在华为的版图中，常被视作验证智选车模式的"试验田"。市场对于这家前身是生产摩托车 弹簧、曾濒临破产边缘的企业，能否长期承接华为的泼天流量，始终存疑。 张兴海此番表态，则是对接下来在鸿蒙智行体系内的排位战，给出了更具野心的期望。 这是一场没有硝烟的围猎。 大家都在赌，赌谁能率先跑完规模化的生死线，赌谁能在华为日益拥挤的"朋友圈"里，握住下一个十年 的入场券。而在这一轮牌局中，张兴海将百亿真金白银作为筹码，推向牌桌上。 要理解张兴海的狂飙，首先要看懂赛力斯那本令人乍舌的账簿。 问界M9在50万元以上豪华车市场的统治力——每卖出10辆就有7辆是M9，证明了这笔750亿的学费，交 得不仅值，简直是血赚。 ...

Core Viewpoint - The company Seres Group is set to launch its IPO on the Hong Kong Stock Exchange, aiming to raise approximately HKD 12.93 billion, with an expected market capitalization of around HKD 215 billion post-listing [1][3]. Company Development - Seres Group's IPO could surpass Chery, potentially becoming the largest car company IPO in Hong Kong this year and a significant case in the Asian tech sector by 2025 [3]. - The company has evolved from a small spring manufacturing factory in Chongqing to a leading player in the Hong Kong market, marking a 40-year journey of industrial upgrading [3]. - Founded in 1986 by Zhang Xinghai, the company initially focused on spring manufacturing, capturing 90% of the national market due to superior technology and cost control [3]. Transition to Electric Vehicles - In 2016, the company pivoted towards electric vehicles, recognizing the emerging trend in new energy vehicles, although the transition faced challenges [5]. - The launch of the SF5 electric sedan in 2019 did not meet market expectations, resulting in a significant loss of HKD 1.729 billion in 2020 [5][7]. - A turning point occurred in 2021 when Seres partnered with Huawei, which was seeking new growth avenues amid challenges in its smartphone business [7][11]. Strategic Partnership with Huawei - The collaboration with Huawei evolved from a technology licensing agreement to a deeper "capital + technology" partnership, culminating in Seres acquiring a 10% stake in Huawei's subsidiary, gaining access to 6,838 patents [12][14]. - This partnership allowed Seres to differentiate itself from other automakers that were hesitant to fully integrate with Huawei's technology [7][12]. Future Plans and Market Position - The IPO proceeds will be allocated primarily to research and development (70%) and expanding overseas markets and charging networks (20%) [13]. - The founder, Zhang Xinghai, is expected to see his net worth rise significantly post-IPO, positioning him among the top 200 wealthiest individuals in mainland China [14]. - Seres' success is also contributing to the transformation of the Chongqing automotive industry, establishing a new direction in the smart connected electric vehicle sector [16]. Conclusion - The IPO marks the beginning of a new journey for Seres, as it aims to redefine mobility in the smart automotive era, inspiring traditional manufacturers to embrace transformation [17].