The post Chinese EV maker Seres taps Hong Kong IPO after 1,600% mainland rally appeared on BitcoinEthereumNews.com.

Chinese electric vehicle company Seres will begin trading in Hong Kong on Wednesday, following a massive public share sale that raised HK$14.3 billion, or $1.8 billion, according to Bloomberg. The company, which already trades in Shanghai, priced its Hong Kong shares at HK$131.50 apiece, the top of its marketed range, but still 22% below its latest Shanghai closing price. More than 300 investors took part in the offering. Shares of Seres surged in gray market trading on Tuesday, showing early demand ahead of the formal listing. This IPO adds more fuel to a city already having its strongest year for new equity deals since 2021. In total, $51 billion has been raised through public offerings in 2025 so far. For Seres, listing in Hong Kong is about expanding its footprint outside the mainland, especially after the company’s stock posted a stunning 1,600% gain over five years in Shanghai. Seres climbs from minivans to luxury EVs with Huawei’s help Seres was founded in 1986, back when it only made springs and shock absorbers. Over time, it moved into motorcycles, then minivans. Now, the company sells one of China’s top-selling luxury electric cars, the Aito M9, thanks to its partnership with Huawei Technologies. The Aito brand, developed jointly by both companies, has helped Seres jump ahead of legacy brands like BMW and Mercedes-Benz in the Chinese luxury auto segment. Even though the company has underperformed this year compared to the local benchmark, that didn’t stop its long-term rally.Seres has been listed in Shanghai since 2016, but this year’s intense price competition has weighed on all Chinese automakers. “Seres has achieved success through its Aito brand in partnership with Huawei,” said Eugene Hsiao, head of China equity strategy at Macquarie Capital. “Investors looking for a premium auto proxy may be interested in the…

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Filed under: News - @ November 5, 2025 2:25 am