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Chinese EV Maker Seres Expands to Hong Kong After Stellar Mainland Rally

Chinese EV Maker Seres Expands to Hong Kong After Stellar Mainland Rally

Author:

Global Cryptocurrency

Published:

2025-11-05 04:01:01

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BTCCSquare news:

Seres Group, the Chinese electric vehicle manufacturer behind the Aito M9 luxury EV, is capitalizing on its meteoric 1,600% five-year Shanghai rally with a Hong Kong IPO. Priced at HK$131.50 per share—a 22% discount to its mainland closing price—the offering attracted over 300 investors despite 2025's brutal price competition in the EV sector.

The gray market surge preceding its formal listing underscores pent-up demand, adding momentum to Hong Kong's strongest year for equity deals since 2021. Seres' transformation from shock absorber supplier to Huawei-partnered luxury automaker mirrors China's EV ascendancy, though neither cryptocurrencies nor trading platforms feature in this traditional equity play.

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