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.
4482 days ago
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