Seres New Energy Vehicle Sales Soar as Collaboration with Huawei Upgrades

Seres New Energy Vehicle Sales Soar as Collaboration with Huawei UpgradesSeres achieved another record high in August sales, demonstrating a remarkable performance in the new energy vehicle market. According to the August production and sales report released by Seres, the company's new energy vehicle sales reached 36,181 units, representing a year-on-year increase of 479

Seres New Energy Vehicle Sales Soar as Collaboration with Huawei Upgrades

Seres achieved another record high in August sales, demonstrating a remarkable performance in the new energy vehicle market. According to the August production and sales report released by Seres, the company's new energy vehicle sales reached 36,181 units, representing a year-on-year increase of 479.55%. From January to August, Seres' cumulative new energy vehicle sales reached 279,306 units, a year-on-year increase of 381.75%. Behind this impressive performance lies the continuous introduction of new products by AITO, the integrated brand jointly developed by Seres and Huawei, as well as the company's sustained investment in technological innovation and operational management.

Since the beginning of this year, AITO has been continuously innovating and enriching its product lineup. On August 26th, the new AITO M7 Pro was officially launched, offering users an even more exceptional travel experience with its extraordinary space, driving experience, intelligence, and safety. Previously, the AITO flagship model, AITO M9, had achieved large-scale delivery, and the company also launched the new AITO M5 and AITO M7 Ultra, providing users with more choices in terms of appearance, driving performance, intelligent driving, and space.

Seres' robust growth is evident not only in sales but also in improved operational efficiency. In the first half of the year, Seres' semi-annual revenue reached 65.044 billion yuan, a significant year-on-year surge of 489.58%, while its net profit attributable to shareholders of the listed company reached 1.625 billion yuan. This achievement is attributed to the increase in new energy vehicle sales and the company's adherence to a business philosophy of technological innovation and cost contribution. New-type productivity has led to continuous improvements in the company's operational quality, exceeding the doubling plan, with a year-on-year increase in gross profit margin and a year-on-year decrease in operating expense ratio.

It is worth noting that the collaboration between Seres and Huawei has entered a new phase. On August 23rd, the two parties held a signing ceremony in Shenzhen for deepening strategic cooperation and Seres' investment in Yinwang. Seres' investment in Yinwang represents a 10% stake, marking an upgrade of the Seres-Huawei partnership to a comprehensive cooperation model encompassing "business + equity," and ushering in a new starting point for sustainable development from 1 to N. In the future, the two parties will engage in closer collaboration in multiple areas, including technological research and development, product innovation, and market expansion. They will jointly explore new paths for the integration of new energy vehicles and ICT technologies, working together to promote the rise of the automotive industry and the comprehensive development of intelligent technology.

The strong partnership between Seres and Huawei will further deepen their cooperation, jointly creating intelligent and high-quality new energy vehicle products to provide consumers with a superior travel experience and drive the intelligent transformation and upgrading of China's automotive industry. In the future, Seres will maintain its rapid growth trajectory and contribute to achieving a leading position for China's new energy vehicle industry.

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