Seres sees NEV sales surge 654% in Jan

Chinese carmaker Seres said on Thursday that its NEV sales in January soar 654 percent year-on-year, primarily driven by AITO-branded vehicles.

Seres sold 36,838 new energy vehicles last month, of which 32,973 units bear the AITO marque codeveloped by the Chongqing-based carmaker and Chinese technology giant Huawei.

The new AITO M7 accounted for the large majority of the marque’s deliveries last month, which saw the model’s monthly sales exceeded 30,000 units for the first time.

Seres said it has received over 140,000 orders for the new AITO M7 model, which together with the M9 is expected to drive a new round of growth for the Shanghai-listed company.

The company's operating revenue in 2023 is expected to reach 35.5 billion yuan ($4.94 billion) to 36.5 billion yuan, according to its filings to the Shanghai Stock Exchange.

Its net profit attributable to the parent company in the same year is estimated to be up 29.5 percent to 45.1 percent compared with the previous year.