On October 15, SERES fell 3.37% in regular trading, trading at HK$34.34, with turnover of HK$72.72 million.
The latest catalyst cited by market reports was a cooling of sentiment after a widely discussed rumor that a luxury SUV project under Harmony Intelligent Mobility would be transferred to SERES for production was explicitly denied by JAC-related parties, reducing speculative expectations that had recently supported the shares.
Earlier support for the stock had come from several company developments: SERES said the AITO brand plans to enter Europe in autumn 2027 and is advancing EU certification and localized operations; the company also deepened its long-term partnership with CATL around battery safety, supply-chain coordination and global ecosystem cooperation. Separately, disclosed information showed cumulative A-share buybacks had reached 17.5357 million shares by October 12, or about 1.01% of total share capital, with total spending of RMB983 million.
(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.)
Comments