Seres Group Co., Ltd. (SERES) reported stable expansion in its new-energy vehicle (NEV) business for April 2026, offsetting declines in its legacy product lines.

April 2026 Performance • NEV sales reached 33,132 units, a 5.22% year-on-year increase and equal to 93.4% of total monthly deliveries. • Total vehicle sales slipped 0.78% to 35,461 units, dragged down by a 45.24% contraction in “other” models, which delivered 2,329 units. • NEV production rose 0.61% to 34,491 units, while overall production fell 4.18% to 37,167 units because output of non-Seres models dropped 40.60%.

Brand Mix • Seres-branded models remained the growth engine, with April sales advancing 10.29% to 30,003 units and accounting for 90.6% of NEV deliveries. • Production of Seres models rose 6.03% to 30,773 units. • In contrast, other models recorded double-digit declines in both production and sales.

January–April 2026 Cumulative Results • Year-to-date NEV sales totaled 111,632 units, up 29.74% from the same period last year. • Overall sales for the first four months climbed 19.02% to 123,906 units, supported by a 38.59% surge in Seres-branded deliveries to 100,252 units. • NEV production for the period reached 112,419 units, up 24.21%, while total production advanced 15.40% to 123,876 units.

Product Structure Shift The April data confirm SERES’s accelerating pivot toward NEVs: • NEVs accounted for 90.8% of total production and 93.4% of total sales during the month. • Seres-branded vehicles made up nearly 89.7% of all units produced and 84.6% of all units sold in April.

Management stated that the figures are preliminary and subject to audit as part of the company’s 2026 annual results.