Chinese EV Maker Seres Scores $1.8 Billion in Hong Kong IPO

On 5 November 2025, the Chinese electric-vehicle (EV) maker Seres Group made waves by raising about US $1.8 billion in its initial public offering (IPO) on the Hong Kong Stock Exchange. This bold move comes as China’s new-energy car industry speeds ahead amid fierce global competition. Seres is not just another automaker: it has a partnership with tech giant Huawei Technologies Co., Ltd. to power its smart EVs, which gives it a tech edge.