On May 21, Seres (09927.HK) rose 6.74% in regular trading, trading at HK$71.15/share, with trading volume of HK$147 million. The rally was driven by robust industry data released for April.

According to the latest figures, China's April auto exports reached a record monthly high of 902,000 units, up 74.4% year-over-year and 3.0% month-over-month. Meanwhile, NEV production and sales hit 1.32 million and 1.344 million units respectively, with year-over-year growth of 5.5% and 9.7%. The NEV penetration rate climbed to a new record high. Huachuang Securities noted that EV exports in the first four months have consistently exceeded expectations in a leapfrog pattern, projecting full-year export volume of 8.6 million units.

For Seres specifically, cumulative NEV sales in the first four months reached 111,600 units, up 29.74% year-over-year, significantly outpacing the broader industry growth rate. The recently launched Wenjie M6 surpassed 10,000 orders within 15 minutes of opening reservations, while the new-generation Wenjie M9 garnered over 25,000 pre-orders in 72 hours.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)