Seres

HIMA Adjusts AITO Partnership: Seres Takes Lead, Huawei Returns as Tech Supplier

On September 16, 2026, HIMA adjusted the AITO cooperation model: Seres took over product definition, design, production, marketing, channels, and after-sales, while Huawei returned to being a technology supplier. The adjustment is limited to AITO; Luxeed and other brands remain led by Huawei. The context is that Seres expects its profit in the first half of 2026 to drop by about 60%, and a third party said Huawei's old agreement took a commission of about 50,000 yuan per vehicle. The new arrangement may ease profit pressure and create two collaboration paths within HIMA, providing a reference for cooperation in the auto industry and the division of responsibilities for going overseas.

48215 hours ago

AITO Adjusts Cooperation Model: Seres Leads Five Areas, Huawei Device Enables

On September 15, AITO and HarmonyOS Intelligent Mobility issued a statement on their cooperation model: in the five areas of product definition, product design, brand marketing, channel retail, and service system, AITO will be led by Seres, with Huawei Device participating as an enabler, and AITO will remain part of the HarmonyOS Intelligent Mobility system. Maextro, Stelato, Luxeed, and Shangjie will maintain Huawei's full-process leadership. The two parties said that existing rights and subsequent services for AITO users will remain unchanged, but did not disclose an implementation timetable, operational details, or capital and equity arrangements.

37517 hours ago

Seres NEV Sales Plunge 43.96% in August, AITO Slowdown Sparks Concern

In August 2026, Seres Group reported NEV sales of 24,244 units, a steep year-on-year decline of 43.96% — a sharp contrast to the overall growth trajectory of China's NEV market. The core AITO brand saw an even more severe drop of 49.68%, while cumulative NEV sales for January-August fell 12.58%. Against the backdrop of BYD exceeding 440,000 units and Leapmotor surpassing 100,000 in August, Seres' correction has triggered deep discussion about its product cycle timing and competitive strategy.

3209 days ago

BYD's Assisted Driving Fleet Tops 3.52 Million, Generating 220 Million km of Data Daily

BYD's fleet of vehicles equipped with assisted driving features has surpassed 3.52 million units, with the God's Eye system generating over 220 million kilometers of data daily. Xiaomi EV's patent for a retractable dual-logo mechanism has also been revealed.

27131 days ago

Seres' 970K Owners Use ADAS Daily: AI Reconstructs Auto Manufacturing Paradigm

Seres Group Director Kang Bo stated AI has evolved from an efficiency tool into a business reconstruction engine covering the entire chain from R&D to service. As of June 30, 2026, over 970,000 AITO owners use intelligent driving assistance daily, with assisted driving accounting for half of total mileage and cumulative distance surpassing 8.3 billion kilometers. Seres' super factory deploys over 3,000 robots and adopts a "factory-within-factory" model embedding CATL production lines.

46632 days ago

July NEV Wholesale 1.47M: Leapmotor Surpasses Tesla for First Time

CPCA data shows July 2026 NEV passenger vehicle wholesale reached 1.47 million units, up 23% YoY. BYD led with 411K units, Geely 158K, Chery 122K (doubled YoY). Leapmotor's 101K units surpassed Tesla China, becoming the month's biggest highlight.

26238 days ago

Auto Sector Institutional Holdings Hit Five-Year Low at 1.9%

Active equity funds allocated just 1.9% to the auto sector in Q2 2026, a five-year low. The market has largely digested negatives like sluggish demand and intensifying competition, with fundamentals beginning to diverge.

23644 days ago

Seres Spins Off Saidou Technology from Consolidated Statements as AIVA Brand Enters Independent Operations

On July 31, 2026, Seres confirmed that its subsidiary Saidou Technology (formerly Landian Technology) completed a capital expansion of approximately 6.67 billion yuan and has been removed from Seres' consolidated financial statements. Chongqing state-backed investors became the largest shareholder with 34.5%, while Seres' stake diluted to 32.96%. AIVA's first mass-produced model, the ME7, is expected to debut within 2026.

54947 days ago

36 Automakers Enter Fortune China 500 with $940B Combined Revenue

Fortune's 2026 China 500 list features 36 automotive firms with $940.2B combined revenue. New forces surged in rankings while Li Auto was the only startup to see a decline.

61654 days ago

Automakers' H1 Profits Plunge: Seres Swings to Loss of 1.5 Billion Yuan

H1 2026 automaker earnings forecasts reveal significant profit declines due to cost surges, FX losses, and intensifying price wars. Seres swung to a loss of 1.5-1.8 billion yuan.

29854 days ago

Longsys Net Profit Surges 740-Fold, AI Computing Demand Ignites Memory Chip Super Cycle

In the first half of 2026, memory chip manufacturers and automakers are experiencing extreme profit divergence. Shenzhen Longsys Electronics saw net profit surge over 740-fold year-on-year, while GigaDevice's quarterly earnings exceeded three times its entire previous year total. Meanwhile, SERES, GAC, and JAC have issued profit warnings. The explosive demand for high-bandwidth memory from AI servers is squeezing the automotive industry's memory chip supply space.

45762 days ago

Chip Profits Surge While Automakers Bleed: AI Reshapes Auto Supply Chain Profit Landscape

In the first half of 2026, AI computing demand triggered a surge in memory chip prices, with storage chip makers delivering explosive profit growth while automakers including SERES, GAC, and JAC issued profit warnings due to rising costs, fundamentally reshaping the auto supply chain profit landscape.

28762 days ago