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.
1153 hours ago
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.
4451 day ago
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.
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The 4th China International Supply Chain Expo opened in Beijing on June 22. Seres showcased the full AITO lineup and created a supply chain partner zone, demonstrating the globalization capabilities of China's smart vehicle industry chain. The smart vehicle chain exhibition area expanded by 40% compared to the previous edition, with 186 enterprises covering chips, batteries, sensors, and connected vehicle technologies.
29921 days agoIn June 2026, Seres announced the transfer of Blue Electric Technology's controlling stake, introducing strategic investor Shaci Zhiyuan with 3.43 billion yuan in capital. Blue Electric Technology was renamed Saidou Technology, and launched the new brand AIVA, with its first model AIVA ME7 positioned in the 200K+ yuan market, planned for release within the year. The new vehicle will feature Doubao large model, Volcano Engine intelligent cockpit, and CATL battery technology, marking the official beginning of the "AI-Defined Vehicle" era.
29634 days ago
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