Chinese EV Maker Seres Raises $1.8 Billion in Hong Kong Listing
Update: 2025-11-03
Description
Seres Group, an electric-vehicle maker, raised $1.8 billion in Hong Kong's public listing, marking a significant step in its business journey. The company priced its shares at a 22% discount, attracting investor demand and becoming the eighth company this year to raise over $1 billion. This move highlights the growing interest in electric vehicles and the strong market in Hong Kong. Seres, established in 1986, has seen its profits predicted to rise over 70% this year, thanks to its partnership with Huawei. With trading set to begin this Wednesday, all eyes are on Seres as it contributes to the rapid evolution of the electric vehicle market and the strategic use of global capital markets by established companies.
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