Huawei’s EV Partner Seres Experiences Dip in Hong Kong Debut
Huawei, a leading telecommunications and technology company, has seen its Chinese electric vehicle (EV) partner, Seres, face challenges as it made its trading debut in Hong Kong on Monday. The stock price of Seres fell by nearly 2% during the opening day of trading, marking an initial setback for the joint venture aiming to revolutionize the EV market.
Seres, which has been collaborating closely with Huawei since 2017, is a key player in China's burgeoning electric vehicle industry. The company aims to leverage Huawei’s advanced technological prowess and broad business network to compete globally. However, investors seemed cautious during Seres' Hong Kong IPO debut.
Market Reception
The market reaction was mixed as the shares of Seres opened at HK$20.65 (approximately $2.71) but closed at...









