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Seres, a subsidiary of Huawei, is making waves with its Hong Kong IPO as it seeks independence in the electric vehicle market.
Huawei’s Chinese electric vehicle partner Seres saw shares fall nearly 2% on debut in Hong Kong, despite long-term optimism due to strategic partnership with Huawei.
Huawei’s automotive spin-off, Seres, embarks on an independent journey with its Hong Kong IPO, marking a strategic shift towards global growth and financial autonomy. This move highlights Huawei’s commitment to advancing technology in the auto industry.
Huawei-backed Shangjie Auto achieves a milestone with their Shangjie H5 EV reaching 10,000 deliveries in just over a month. The vehicle’s advanced features and HarmonyOS integration set it apart in the EV industry.
