Seres disclosed its H1 2026 earnings guidance, projecting a net loss of RMB 1.5-1.8 billion, swinging from profit a year ago. Rising raw material costs and asset impairment weighed on margins, yet AITO brand deliveries grew 10.2% year-on-year.
On March 23, 2026, AITO launched pre-orders for the M6, its latest smart SUV, securing over 60,000 reservations within 24 hours—a new segment record. Priced from RMB 259,800 for the EREV variant and RMB 229,800 for the EV entry model, the M6 comes standard with Huawei ADS 4.1 autonomous driving and 896-line LiDAR. Total reservations have since exceeded 100,000 units, with deliveries surpassing 30,000 in 54 days, establishing the M6 as a benchmark for Chinese intelligent SUVs in Central Asian and Russian markets.
Gotion High-Tech officially became a core battery supplier for AITO M6, entering the Harmony Intelligent Driving ecosystem. Seres Chairman Zhang Xinghai warned that memory chip and lithium carbonate prices continue soaring, pushing per-vehicle cost increases beyond 15,000 yuan. Supply chain cost pressure and localization are becoming central contradictions in China's NEV industry.
EX1000
