On September 30, a signing ceremony marking the strategic cooperation upgrade for the AITO business under Hongmeng Zhixing took place in Shenzhen. The event was graced by the presence of key executives from both Huawei and Seres. Following the announcement, Seres' shares listed on the Hong Kong Stock Exchange experienced a remarkable surge of over 7%, peaking at HK$37.62. The two companies announced that over the forthcoming five years, they would maintain their focus on the premium intelligent vehicle brand, AITO. This will involve forming a dedicated team, elevating their business operations, and delivering services to users via an exclusive franchise model, thereby propelling the growth of the new luxury brand AITO.
