TOKYO -- Seres Group, a Chinese electric vehicle maker partnered with Huawei Technologies, said it will raise up to about $1.7 billion by issuing new shares in Hong Kong, mainly to boost its research and development capabilities.
Equities
Huawei EV partner Seres to raise up to $1.7bn in Hong Kong listing
Chongqing-based automaker intends to mainly pour proceeds into R&D
A Seres 7 is displayed at an auto show in Munich, Germany, in September 2023. © Reuters
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