Seres Group Co., Ltd.: Business Overview, Financials & Competitive Analysis
Seres Group Co., Ltd. scores 7/10 on the AskCyborg Cyborg Score (Strong). Seres Group has emerged as a profitably scaling EV manufacturer with differentiated smart vehicle technology through Huawei partnership and strong execution in China's booming new energy market. The company achieved remarkable 300%+ revenue growth in 2024 and profitability milestone as the fourth EV maker globally to turn losses.
What is Seres Group Co., Ltd.'s industry? Seres Group Co., Ltd. (seres.cn) operates in Automotive Manufacturing - Electric Vehicles & New Energy Vehicles. AskCyborg classifies Seres Group Co., Ltd. under Automotive Manufacturing - Electric Vehicles & New Energy Vehicles in its company registry.
Seres Group engages in the research and development, production, sales, and servicing of new energy vehicles and components in China and internationally, offering vehicles, powertrains, batteries, and electric motors....
Cyborg Score thesis
Seres Group has emerged as a profitably scaling EV manufacturer with differentiated smart vehicle technology through Huawei...
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Get Current Report FreeSeres Group Co., Ltd. Overview
Pro stress-test →Seres Group engages in the research and development, production, sales, and servicing of new energy vehicles and components in China and internationally, offering vehicles, powertrains, batteries, and electric motors. In 2024, the company's revenue increased by more than 300% thanks to strong new energy vehicle sales momentum, making it the fourth new energy vehicle company globally to turn losses into profits after Tesla, BYD Auto and Li Auto.
Strategic Profile
Pro stress-test →Seres has partnered with Huawei through its AITO brand for smart electric vehicles, with Huawei leading design while Seres conducts production. In August 2024, Seres announced it would invest in Huawei's subsidiary Yinwang, accounting for 10% of its shares at RMB 11.5 billion. The company operates multiple brands including Seres for export markets, AITO for domestic smart EVs, Fengon for affordable MPVs/SUVs, and DFSK for light commercial vehicles.
Competitive Landscape
Pro stress-test →Seres competes in China's crowded EV market against BYD, Li Auto, NIO, and XPeng, differentiated through Huawei partnership and smart vehicle technology. The company's focus on multiple mass-market segments through different brands provides distribution advantages, though competition remains intense and margin pressures persist.
Industry Context
Seres Group Co., Ltd. operates in Automotive Manufacturing - Electric Vehicles & New Energy Vehicles.
Key facts
Founded: 1986 · Headquarters: Chongqing, China · Employees: 16777 · Revenue: ~41.58B CNY (Q3 2025) · Market cap: ~218B CNY