SERES Officially Listed on HKEX, Expanding Global Reach
On November 5, 2025, SERES Group (stock code: 9927.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange. This marks SERES as the first Chinese luxury new energy vehicle (NEV) manufacturer to be listed on both the A-share and H-share markets.
Record-Breaking IPO
The IPO is the largest ever by a Chinese automaker and the biggest global automaker IPO of 2025 so far. This Hong Kong listing establishes a fresh international platform for SERES to raise capital, fuel long-term growth, and support its global strategy.
New Model for Overseas Expansion
SERES sets a precedent for Chinese automakers entering international markets by blending cutting-edge technology with strong financial backing. Since launching its Hong Kong IPO on October 27, investor enthusiasm has been remarkable.
Investor Response and Use of Proceeds
- The Hong Kong public offering was oversubscribed by 133 times, raising over HK$170 billion.
- About 70% of the funds will be invested in research and development.
- Approximately 20% will be directed towards expanding new marketing channels, overseas sales, and charging infrastructure.
- The offering attracted 22 cornerstone investors, including the Chongqing Industrial Mother Fund and the Chongqing Industrial Investment Fund of Funds (FoF).
"This successful Hong Kong listing provides SERES with a solid foundation for global growth and establishes a new model for Chinese automakers expanding overseas, combining technological innovation with financial prowess."
SERES’ dual listing underscores its ambition to lead in both innovation and global market presence in the luxury NEV sector.
Author’s summary: SERES’ historic dual listing on the HKEX highlights its pioneering role in combining innovation and finance to drive the global expansion of Chinese luxury electric vehicles.