Seres Group’s Q1 Profit Soars 241%: China’s NEV Leader Eyes Global & Nepal EV Expansion
21st May 2025, Kathmandu
Seres Group, a leading Chinese manufacturer of intelligent and new energy vehicles (NEVs), announced a remarkable 241% increase in its first-quarter profit, surpassing $100 million. This outstanding performance underscores Seres’ position as one of China’s most profitable and innovative automakers amidst a competitive market.
Seres Group Q1 Profit Soars 241%
The company also reported sales revenue exceeding $3 billion in Q1, driven by strong consumer demand for its cutting-edge, energy-efficient vehicle lineup. Known for its commitment to innovation, sustainability, and customer-centric design, Seres continues to push the boundaries of smart mobility solutions aligned with global environmental goals.
Following the earnings announcement, Seres’ stock price rose by 3%, signaling strong investor confidence in the company’s future. Looking ahead, Seres plans to introduce new models with enhanced range, performance, and intelligent features. These advancements support the company’s mission to contribute actively to China’s carbon neutrality vision.
In line with its global growth strategy, Seres is set to launch three new electric vehicle models in Nepal by 2026. This move further cements Seres’ commitment to leading the electric vehicle transformation beyond China.
Adding to its accolades, Seres 3 recently won three prestigious awards in Indonesia, reinforcing its reputation for excellence and innovation in the NEV market.
For the luxury Segment, recently Seres has overtaken brands such as BMW and Mercedes in China.
Seres Group remains focused on adaptability and forward-thinking strategies, ensuring its role as a key player in both China’s and the global electric vehicle industries.
About Seres
Seres Group is a Chinese automotive company based in Chongqing. It started in 1986 under the name Sokon Group. In 2022, it rebranded to Seres Group. The company focuses on new energy vehicles (NEVs). It designs, builds, sells, and services electric vehicles and key parts like batteries and motors. Its factories can produce up to 600,000 units each year.
Seres owns several brands, including Seres, AITO, Landian, Fengon, DFSK, and Ruichi. It works closely with Huawei to develop smart NEVs under the AITO brand. Each brand serves a different market, from budget to premium.
The company builds its core technologies. Its factories use smart and automated systems for better efficiency. Xinghai Zhang is the Chairman. John Zhang is the President. Seres Group has over 18,000 employees. It ranks among the top players in China’s NEV market.
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