Luxury NEV Maker SERES Reports 2026 First-Half Results: Revenue of 57.493 Billion Yuan, AITO Deliveries Increased 10.2% YoY

Chongqing, China, 19 August 2026–SERES (Stock Code: 9927.HK) announced its interim results today. In the first half of 2026, SERES reported the revenue of RMB57.493 billion and R&D investment of RMB7.007 billion, increased by34.8% YoY. AITO, the luxury brand of SERES group, deliveries grew 10.2% YoY in the first half, with the all-new AITO M9 and AITO M6 both launched and commencing deliveries during the period. The AITO M9 led the RMB 500,000+ vehicle segment in sales for two consecutive months.

SERES Reports RMB 57.493 Billion in First-Half Revenue, Demonstrating Operational Resilience

SERES statedthat it maintains a healthy financial structure, sufficient cash reserves, and relatively low debt pressure, providing strong risk resilience and a solid foundation for sustainable growth. At the same time, improved asset utilization efficiency has helped reduce operating leverage risk, further strengthening the company’s financial resilience.

In the capital markets, SERES has leveraged a range of measures, including cash dividends, share repurchases, and shareholder share purchases, to enhance shareholder value and protect investor interests. As of July 2026, cumulative share repurchases exceeded RMB 587 million. Meanwhile, directors, senior executives, and key team members completed share purchases totaling RMB 148 million within just three trading days, demonstrating confidence in the company’s long-term growth prospects.

AITO M9 Cumulative Deliveries Surpass 300,000 Units, Leading the Luxury Vehicle Segment

In the first half of the year, the all-new AITO M9 and AITO M6 achieved deliveries at scale, further expanding AITO’s luxury product portfolio and strengthening its leading position amongluxury automotive brands in China. The flagship AITO M9 also ranked as the best-selling model in the RMB 500,000+ vehicle segment for two consecutive months, with cumulative deliveries surpassing 300,000 units. With the AITO M9 Ultimate set to begin deliveries soon at a starting price of RMB 600,000, the model is positioned to drive further growth in the luxury market.

Meanwhile, AITO’s brand value has also continued to strengthen. According to Brand Finance’s2026 Automotive Industry 100, AITO achieved a brand value of US$3.448 billion, ranking among the Top 10 luxury automotive brands globally and standing as the only Chinese brand on the list.

R&D Investment Reaches RMB 7.007 Billion, Accelerating Innovation and New Business Development

SERES continues to increase its investment in technology and accelerate the transformation of technological innovation into products and applications. In the first half of 2026, SERES’ R&D investment reached RMB 7.007 billion,increased 34.8% YoY. Leveraging a unified, platform-based technology foundation, SERES continues to advance innovation across underlying architectures, core systems, user experiences, AI, and intelligent digital applications, strengthening the technological foundation for its long-term growth.

SERES continues to focus on the luxury intelligent electric vehicle segment, with technological innovation at the core of its growth strategy. Its proprietary innovations, including the SERES MF Platform 2.0, next-generation Super Range Extender, and intelligent safety technologies, are being progressively integrated into its products, strengthening the technological foundation for efficient product development and scalable deployment. Beyond automotive technologies, SERES is also accelerating its expansion into emerging fields including embodied intelligence and robotics. Its humanoid robots are already being deployed in diverse scenarios, from industrial manufacturing to service applications, opening up new avenues for business growth.

Overall, SERES has built comprehensive strengths across product competitiveness, brand value, and its industrial ecosystem, driven by its continued progress in the luxury segment, strengthening brand value, and forward-looking expansion into emerging businesses. With new products continuing to expand the portfolio and new business initiatives move toward commercialization, SERES is positioned to generate stronger growth momentum in the second half of the year.