Overview
- Seres began trading on the Hong Kong Stock Exchange on November 5, raising roughly $1.8 billion to broaden its investor base beyond its existing Shanghai listing.
- The company said proceeds will support expansion into new markets as well as investment in emerging businesses, including humanoid robots.
- President Zhang Zhengping outlined a gradual, country‑by‑country entry strategy and downplayed competitive pressure from Huawei’s collaborations with other automakers.
- Seres has set up Chongqing Phoenix Technology for AI and robotics R&D and signed an October collaboration with ByteDance’s Volcano Engine on cloud‑edge multimodal decision and control systems.
- A video posted November 4 purportedly shows a Seres‑branded humanoid at a user center, though a market‑ready product has not been independently confirmed.