On October 14, SERES fell 3.5% intraday in Regular Trading, trading at HK$36.28, with turnover of HK$17.538 million.
The recent surge in SERES had been driven by event catalysts including its announced European expansion plan for the AITO brand, a new five-year cooperation agreement with Huawei, and a long-term battery partnership with CATL. However, one speculation that also fueled the advance — that a Harmony Intelligent Mobility ultra-luxury SUV project might be transferred to SERES for production — was subsequently denied by JAC, while SERES had not issued formal confirmation.
Background fundamentals remain mixed. The company disclosed September new energy vehicle sales of 29,271 units, down 34.48% year on year, although some reports noted sequential improvement. With the next earnings release scheduled for October 31, the stock's earlier momentum appears to be encountering profit-taking and reassessment of how much of the recent news can translate into near-term results.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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