On October 12, SERES experienced an intraday rise of 6.94% in regular trading, continuing its upward momentum from the previous session. The movement was driven by reports that AITO plans to enter the European market next year, with EU whole vehicle type approval certification work already underway.

The European expansion news triggered significant market enthusiasm, with SERES A-shares hitting the daily limit and Hong Kong shares surging over 15% on October 12. Additionally, SERES announced share repurchase progress, with cumulative buybacks reaching 17.54 million shares totaling approximately 983 million yuan, demonstrating management confidence in the company's long-term value.

Company background shows SERES focuses on new energy vehicles and core components, with its AITO brand having delivered over 1.2 million vehicles. The company recently signed a long-term strategic cooperation agreement with CATL for battery supply, further strengthening its supply chain ecosystem.

(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.)