Huawei EV partner Seres falls flat in Hong Kong listing

Chinese automaker's fundraising to drive development, overseas expansion for Aito brand

20251105N Seres

A vehicle from the Aito brand operated by Seres and Huawei. (Photo by Shizuka Tanabe)

KENSAKU IHARA

HONG KONG -- Chinese automaker Seres Group closed flat Wednesday in its debut on the Hong Kong Stock Exchange, as the company raised 14.2 billion Hong Kong dollars ($1.83 billion) to power the growth of its Huawei-backed vehicle business.

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