Movement Alert|Seres Rises 6.74% in Regular Trading, Boosted by Record-High April Auto Exports and NEV Penetration Rate

Market Focus05-21

On May 21, Seres (09927.HK) rose 6.74% in regular trading, trading at HK$71.15/share, with trading volume of HK$147 million. The rally was driven by robust industry data released for April.

According to the latest figures, China's April auto exports reached a record monthly high of 902,000 units, up 74.4% year-over-year and 3.0% month-over-month. Meanwhile, NEV production and sales hit 1.32 million and 1.344 million units respectively, with year-over-year growth of 5.5% and 9.7%. The NEV penetration rate climbed to a new record high. Huachuang Securities noted that EV exports in the first four months have consistently exceeded expectations in a leapfrog pattern, projecting full-year export volume of 8.6 million units.

For Seres specifically, cumulative NEV sales in the first four months reached 111,600 units, up 29.74% year-over-year, significantly outpacing the broader industry growth rate. The recently launched Wenjie M6 surpassed 10,000 orders within 15 minutes of opening reservations, while the new-generation Wenjie M9 garnered over 25,000 pre-orders in 72 hours.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment