Seres' NEV Sales Soars 105%, Output Jumps 97% in October; Shares Up 10%

MT Newswires Live11-04 11:17

Seres Group (SHA:601127) sold 36,011 new energy vehicles in October, soaring 105% from a year earlier, according to a Shanghai Stock Exchange disclosure on Saturday.

NEV production jumped 97% year on year to 35,885 units.

Between January and October, the Chinese auto manufacturer's NEV sales surged 311% year on year to 352,724 units and NEV output skyrocketed 313% year on year to 357,171 units, the disclosure said.

The company's shares jumped 10% in recent morning trade.

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