Seres H1 revenue forecast to soar

Chinese NEV maker Seres said on Tuesday that its forecast revenue in the first half this year would stand between 63.9 billion yuan ($8.78 billion) and 66 billion yuan, marking a surge up to 498 percent from the same period last year.

Its profit attributable to the parent company is expected to fall between 1.39 billion yuan and 1.7 billion yuan in the same period.

As one of the most popular NEV makers in China, Seres saw its deliveries in the first half this year to exceed 200,949 units, soaring 348.55 percent year-on-year.

Most of them bore the AITO marque, which is the result of Seres and Huawei's collaboration, totaling 181,153 units.

Seres and Huawei have recently inked deals to deepen their cooperation to further push forward the AITO marque's development.