/PRZWT/Recently, major automakers have successively released their sales performance reports for September, and Seres has performed particularly outstandingly. Data shows that its monthly sales of new energy vehicles reached 44,678 units in September, up 19.44% year-on-year. From January to September this year, the cumulative sales have exceeded 300,000 units, demonstrating a strong growth trend.
With its outstanding market performance, Seres has also gained wide recognition from the capital market. Several securities institutions, including Kaiyuan Securities, Southwest Securities, and Guolian Minsheng Securities, have released research reports, expressing optimism about the future growth potential of the market. Southwest Securities pointed out that Seres focuses on the main channel of intelligent electric vehicles and has significant advantages in strategic layout in the fields of high-end, intelligent and globalization. Based on this, it conducts its first coverage of Seres and gives it a "buy" rating.
With the further acceleration of the delivery pace of models such as the all-new Askui M7, Seres is expected to achieve a double sprint in terms of sales volume and profits. Southwest Securities further pointed out in its research report that Seres' high-end strategy has achieved remarkable results. Through the launch of the Askui M9 and M8, it has successfully established a firm foothold in the high-end market above 400,000 to 500,000 yuan, establishing a "new luxury" brand image. Meanwhile, the company has always adhered to technological innovation as its driving force, and has cumulatively invested nearly 30 billion yuan in research and development in the field of high-end intelligent electric vehicles, successfully creating a number of innovative technological achievements. Not only that, Seres is accelerating its global layout. It has established subsidiaries in Kazakhstan, Mexico and other places, and its Middle East market has already achieved profitability. This layout is expected to open up new growth space for the company.
Kaiyuan Securities believes that the product cycle of Seres is strong, and the signing of the embodied intelligence cooperation agreement between its subsidiary Seres Phoenix and Volcano Engine marks a substantive step forward for Seres in the field of embodied intelligence and also opens up long-term imagination space for the company's future development. Based on its high recognition of the company's new car sales growth pace, the completeness of its product matrix and its global development, KSY Securities maintains its "buy" rating on Seres.
