SERES Q1 Revenue Hits RMB 25.75 Billion, Net Profit RMB 754.46 Million
SERES Group reported a 34.46% revenue increase to RMB 25.75 billion in Q1 2026, with net profit rising to RMB 754.46 million.
- RMB 25.75 billion
- RMB 754.46 million
- 78,500 units
What Happened
SERES Group, a luxury new energy vehicle manufacturer in China, released its first-quarter 2026 report on April 29. Revenue reached RMB 25.75 billion, up 34.46% year-on-year, while net profit attributable to owners was RMB 754.46 million. The company sold 78,500 NEVs in Q1, a 43.90% increase from the prior year.
AITO, SERES' luxury brand, has built a portfolio of five SUV models since 2021 and achieved the milestone of one million vehicles produced in 46 months. According to Brand Finance 2026, AITO ranked first in brand value among Chinese luxury automotive brands at USD 3.45 billion.
SERES invested RMB 1.79 billion in R&D in Q1, up 70.69% year-on-year. The company also launched the MF Platform at the Beijing International Automobile Exhibition, integrating AI and multi-power solutions toward vehicle-level L4 embodied intelligence.
Why this matters
The financial results show strong growth for a leading Chinese NEV maker, driven by its AITO luxury brand and high R&D investment, signaling continued momentum in the premium EV market.
Terms in This Story
- NEV
- New Energy Vehicle, a vehicle powered by alternative energy sources such as electricity or hydrogen.
- REX
- Range Extender, a system that extends the driving range of an electric vehicle using an auxiliary power source.
- L4
- Level 4 autonomy, a high level of self-driving where the vehicle can operate without human input under certain conditions.
Summarised from the linked release; details can be imperfect — always verify against the original source.