Seres Group (SHA:601127) reported lower vehicle production and sales in January.
Total vehicle production fell 50% to 22,623 units, while sales declined 46% to 22,430 units, according to a Wednesday filing with the Shanghai Stock Exchange.
New energy vehicle production fell 49% to 19,889 units, while sales fell 51% to 17,906 units.
Shares of the auto manufacturer were down 4% in recent trade.
Price (RMB): ¥126.93, Change: ¥-5.9, Percent Change: -4.41%
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