On July 1st, Seres (09927.HK) unveiled its production and sales data for June 2026, revealing a notable downturn in the automotive sector. The company's total automobile production for the month stood at 35,611 units, reflecting a significant 29.45% decrease compared to the same period last year. Similarly, total vehicle sales reached 36,194 units, experiencing a 28.10% year-on-year decline.

Delving deeper into the annual figures, Seres reported a cumulative production of 196,100 vehicles for the year, which is a 3.22% decrease from the previous year. Correspondingly, cumulative sales amounted to 196,600 vehicles, showing a relatively modest 1.02% year-on-year drop.

Focusing on the new energy vehicle (NEV) segment, production for the month reached 33,685 units, down by 27.24% year-on-year. Sales of NEVs followed a similar trend, with 33,669 units sold, marking a 26.94% decrease compared to the previous year.

In terms of Seres-branded vehicles specifically, production figures for the month were recorded at 29,558 units, representing a 31.72% year-on-year decline. Sales of Seres vehicles also witnessed a downturn, with 30,331 units sold, down by 30.19% from the same period last year.