Saido Technology has announced it will hold a launch event on June 9, where it is expected to formally introduce a new automotive brand.

The company stated that the new brand will explore the limitless possibilities of AI-defined vehicles, envisioning a partner that can perceive, think, and empathize, witnessing the birth of a new form of intelligent life.

Saido Technology was formed through the renaming and restructuring of Blue Electric Technology, in which SERES holds a stake. Relevant sources indicated that Saido Technology will focus on the development of AI-powered vehicles moving forward, seizing the strategic opportunity presented by the deep integration of the automotive industry and artificial intelligence, concentrating on the smart, connected new energy passenger vehicle sector to build differentiated competitive advantages.

Regarding the relationship between Saido Technology and SERES, the source clarified that SERES is a shareholder in Saido Technology. Both parties will operate independently and collaborate synergistically around their respective businesses, in compliance with all applicable laws and regulations.