Latest news with #AITOM9
Korea Herald
01-08-2025
- Automotive
- Korea Herald
FORTUNE ANNOUNCED FORTUNE CHINA 500 RANKINGS, SERES HAD THE BIGGEST LEAP IN 2025 RANKINGS DRIVEN BY AITO BRAND GROWTH
SERES fastest-rising company of Fortune China 2025, outpacing peers in China's competitive NEV market. CHONGQING, China, Aug. 1, 2025 /PRNewswire/ -- SERES has emerged as this year's biggest mover on the 2025 Fortune China 500 list, vaulting to 169th place, a jump of 235 spots from last year's 404th position. This dramatic rise underscores SERES' rapid growth in the highly competitive new energy vehicle (NEV) market. In 2024, SERES' revenue surged to RMB 145.2 billion (approx. US$20.2 billion), up 305% year on year, while net profit attributable to shareholders reached RMB 5.95 billion. The company's annual NEV sales reached 420,000 units, an increase of more than 182%, driving its gross profit margin for the NEV business to 26.21%—a new record high. Fortune highlighted that amid rapid NEV sector growth and intensifying competition, SERES' success was driven by its close collaboration with partners, enabling continuous product innovation and operational excellence. AITO Brand Fuels Growth AITO, the luxury NEV brand founded in 2021, has been a core growth driver. In just 40 months, AITO achieved over 700,000 cumulative deliveries, setting a new record for delivery speed among luxury NEV brands in China including over 200,000 units delivered of the flagship model AITO M9 and deliveries of the recently launched AITO M8 already surpassing 40,000 units. In addition, the new AITO M7 series has maintained its position as the top-selling model in the highly competitive RMB 300,000 (approx. US$42,000) segment from 2024 to the present, setting a new record for Chinese luxury new energy brands. These milestones demonstrate the brand's ability to deliver advanced intelligent luxury experiences while accelerating its expansion in both domestic and overseas markets. With its strong manufacturing capabilities, deep collaboration on intelligent vehicle technologies, and a growing product portfolio, SERES is well-positioned to further strengthen its leadership in China's NEV market and make significant strides globally.
Cision Canada
01-08-2025
- Automotive
- Cision Canada
FORTUNE ANNOUNCED FORTUNE CHINA 500 RANKINGS, SERES HAD THE BIGGEST LEAP IN 2025 RANKINGS DRIVEN BY AITO BRAND GROWTH
SERES fastest-rising company of Fortune China 2025, outpacing peers in China's competitive NEV market. CHONGQING, China, Aug. 1, 2025 /CNW/ -- SERES has emerged as this year's biggest mover on the 2025 Fortune China 500 list, vaulting to 169th place, a jump of 235 spots from last year's 404th position. This dramatic rise underscores SERES' rapid growth in the highly competitive new energy vehicle (NEV) market. In 2024, SERES' revenue surged to RMB 145.2 billion (approx. US$20.2 billion), up 305% year on year, while net profit attributable to shareholders reached RMB 5.95 billion. The company's annual NEV sales reached 420,000 units, an increase of more than 182%, driving its gross profit margin for the NEV business to 26.21%—a new record high. Fortune highlighted that amid rapid NEV sector growth and intensifying competition, SERES' success was driven by its close collaboration with partners, enabling continuous product innovation and operational excellence. AITO Brand Fuels Growth AITO, the luxury NEV brand founded in 2021, has been a core growth driver. In just 40 months, AITO achieved over 700,000 cumulative deliveries, setting a new record for delivery speed among luxury NEV brands in China including over 200,000 units delivered of the flagship model AITO M9 and deliveries of the recently launched AITO M8 already surpassing 40,000 units. In addition, the new AITO M7 series has maintained its position as the top-selling model in the highly competitive RMB 300,000 (approx. US$42,000) segment from 2024 to the present, setting a new record for Chinese luxury new energy brands. These milestones demonstrate the brand's ability to deliver advanced intelligent luxury experiences while accelerating its expansion in both domestic and overseas markets. With its strong manufacturing capabilities, deep collaboration on intelligent vehicle technologies, and a growing product portfolio, SERES is well-positioned to further strengthen its leadership in China's NEV market and make significant strides globally.
Economic Key
13-04-2025
- Automotive
- Economic Key
Kasrawy Group Named Exclusive Distributor for Luxury Electric Vehicle Brand AITO
Kasrawy Group, a leading distributor of global automotive brands in Egypt, has announced a new partnership with luxury electric vehicle brand AITO, to become its exclusive agent. Through this partnership, Kasrawy Group will introduce the luxury brand in Egypt for the first time to the Egyptian automotive market, as part of the group's strategy to expand its operations and fortify its presence in the automotive market. At the exclusive signing event, Eng. Mostafa Hussein, Vice President of Kasrawy Group Automotive Sector, highlighted the importance of this strategic partnership, citing years of success in sales, maintenance, and after-sales services and dedication to delivering the highest standards of quality and customer service. Moreover, he emphasized that the partnership with AITO displays Kasrawy's ability to rapidly evolve the automotive landscape embracing the latest technologies, in the electric vehicle sector. 'Kasrawy Group recognizes the importance of not just keeping pace with innovation but proactively adopting cutting-edge technologies. This led to the decision to partner with AITO, a globally recognized leader in the high-end mobility market, known for its significant international success. Through our partnership with AITO, we aim to revolutionize the luxury cars market in Egypt, offering consumers more choice with vehicles equipped with state-of-the-art technology for a modern driving experience,' said Eng. Hussein. Eng. Hussein elaborated on Kasrawy Group's commitment to providing the best services to its customers through a wide network of showrooms and service centers across Egypt, ensuring a distinguished and convenient purchasing and maintenance experience. Similarly, Mr. Wang Feng, Vice Chairman of Seres Group Overseas, owner of AITO luxury brand, expressed strong confidence in its partnership with Kasrawy Group, stating: 'AITO is a leading brand in the luxury electric and hybrid vehicles sector, providing smart and advanced solutions that meet the needs of consumers seeking high performance and cutting-edge technology. Through our partnership with Kasrawy Group, a leader in Egypt's automotive market, we expect our brand to gain significant traction across the country and meet the growing demand for advanced electric vehicles.' AITO is committed to delivering vehicles that blend luxury with energy efficiency, making them an ideal choice for customers who seek exceptional value while prioritizing environmental sustainability. The AITO brand offers four main models: 1. AITO M5: A compact luxury crossover launched in 2022. 2. AITO M7: A mid-size luxury SUV introduced in April 2022. 3. AITO M9: The largest model in the brand's lineup. 4. AITO M8: A large crossover vehicle. Since its establishment in the 1970s, Kasrawy Group has solidified its position as a leading player in Egypt's automotive sector, serving as the exclusive agent for a wide range of renowned brands such as Citroën, Jetour, JAC, and IVECO. With the addition of AITO to its portfolio, Kasrawy Group reaffirms its commitment to providing the latest innovations to its customers and strengthening its position in the Egyptian market as a leading provider of modern and sustainable mobility solutions. ظهرت المقالة Kasrawy Group Named Exclusive Distributor for Luxury Electric Vehicle Brand AITO أولاً على المفتاح الاقتصادي.
