Imagine a world where electric vehicles dominate the roads, and Chinese tech giants are at the forefront of this revolution. But here's where it gets exciting: Huawei's EV partner, Seres Group, is making a bold move to raise a staggering $1.7 billion through a Hong Kong listing, positioning itself as a major player in the global EV market. This isn't just another IPO—it's a strategic play that could reshape the industry.
Published on October 26, 2025, at 11:19 PM UTC, and updated the next day at 1:34 AM UTC, the news highlights Seres Group's ambitious plan to offer 100 million shares at a price of up to HK$131.50 each. Based in Chongqing, this electric-vehicle manufacturer is not stopping there—it has the option to expand the deal by a whopping 32%, potentially raising up to HK$17.4 billion. And this is the part most people miss: With Huawei's backing, Seres isn't just another EV company; it's a tech-driven powerhouse aiming to merge cutting-edge innovation with sustainable transportation.
But here's where it gets controversial: As Seres joins the ranks of big Chinese companies going public in Hong Kong, questions arise about the global EV market's saturation and the role of tech giants in shaping its future. Is this a game-changer, or just another player in an already crowded field? What do you think? Are we witnessing the birth of the next EV titan, or is this move too ambitious in an increasingly competitive landscape? Share your thoughts in the comments—let’s spark a debate!
