On July 13, Seres announced controlling shareholder Chongqing Sokon Holding plans to purchase RMB 150M-300M of A-shares within 6 months through centralized bidding, using own funds. Sokon Holding currently holds 401 million shares, representing 22.99% of total equity. Meanwhile, Seres' new brand AIVA's first mass-production model AIVA ME7 is slated for release this year, targeting the 100,000 to 200,000 yuan range.
Key Points of the Share Purchase Plan
Seres Group announced a controlling shareholder share purchase plan. The July 13 announcement stated that controlling shareholder Chongqing Sokon Holding plans to purchase Seres A-shares through centralized bidding on the Shanghai Stock Exchange within the next six months, with an amount between 150 million and 300 million yuan, funded by the company's own capital.
Key elements of the share purchase plan:
- Purchasing entity: Chongqing Sokon Holding (controlling shareholder)
- Purchase method: Centralized bidding on Shanghai Stock Exchange
- Purchase amount: RMB 150 million to 300 million
- Funding source: Own capital
- Purchase period: Within the next 6 months
- No tender offer: Will not change controlling shareholder or actual controller
Sokon Holding stated that the buyback stems from firm confidence in Seres' future development and long-term investment value, aiming to bolster investor sentiment. However, the announcement also cautioned that changing capital market conditions or unforeseen risks could prevent the plan from meeting its targets.
Sokon Holding's Current Stake
The announcement shows that Sokon Holding currently holds approximately 401 million A-shares of Seres, accounting for 22.99% of total issued shares. Key data on Sokon Holding's stake and purchase plan:
| Item | Data |
|---|---|
| Current Shares Held | 401 million |
| Percentage of Total Equity | 22.99% |
| Planned Purchase Amount | RMB 150M-300M |
| Purchase Period | Within 6 months |
| Funding Source | Own capital |
| Tender Offer Triggered | No |
Seres Dual-Brand Strategy
On the business front, Seres is actively expanding its brand portfolio. On June 9, Seres' subsidiary Saidou Technology officially launched a new AI-focused automotive brand, AIVA, and debuted the AIVA Origin concept car. Key progress on the dual-brand layout:
- AIVA brand positioning: Covers the 100,000 to 200,000 yuan price range, creating differentiated complement to premium AITO brand
- AIVA ME7 model: Positioned as a crossover, offering both pure electric and extended-range powertrain options
- Target market: Aims to fill the gap in Seres' mainstream mid-to-high-end market lineup
The AIVA ME7 is slated for release later this year, targeting the 100,000 to 200,000 yuan price range, creating a differentiated complement to Seres' premium AITO brand.
For Central Asian and Russian buyers following the Chinese automotive industry, Seres is building a more complete product matrix through the dual-brand AITO and AIVA strategy, covering multi-layer consumer needs from premium to mainstream markets. For more Chinese automotive brand updates, visit EX1000.COM.
