SERES (09927) rose more than 4% in Hong Kong trading. At the time of writing, the stock was up 3.97% to HK$74.65, with a turnover of HK$62.7086 million. The company recently announced that its vehicle production in April 2026 totaled 37,200 units, while sales reached 35,500 units. From January to April 2026, cumulative vehicle production increased 15.4% year-on-year to 123,880 units, and total vehicle sales rose 19.02% to 123,900 units. Analysts noted that SERES' revenue grew 34.46% year-on-year in the first quarter of 2026, driven by strong sales of its premium product lineup. Sales of the AITO brand reached approximately 68,000 units, up about 50% year-on-year. The AITO M7 contributed nearly 40,000 units, the AITO M8 sold 15,000 units, and the AITO M9 added around 12,000 units, forming the core drivers of the sales performance. Market observers believe the solid product strength of the M6 and new M9 models is expected to support delivery growth as production ramps up in the second quarter of 2026 and beyond.