Gasgoo Munich- Seres said in a July 13 filing that its controlling shareholder, Chongqing Sokon Holding Co., Ltd., plans to purchase A-shares worth between 150 million yuan and 300 million yuan over the next six months. The buy-in will be conducted through centralized bidding on the Shanghai Stock Exchange using the company's own funds. Image source: Screenshot of announcementThe filing warned that shifting capital market conditions or unforeseen risks could prevent the plan from meeting its targets. The move does not constitute a tender offer and will not alter the company's controlling shareholder or actual controller.As of the announcement date, Sokon Holding held 401 million A-shares, representing 22.99% of total outstanding stock. The decision to increase holdings stems from firm confidence in Seres' future development and its long-term investment value, aiming to bolster investor sentiment.Last month, on June 9, Seres' affiliate Saidou Technology officially unveiled AIVA, a new automotive brand focused on artificial intelligence. The AIVA Origin Concept made its debut alongside the announcement, with the first mass-production model, the AIVA ME7, slated for release later this year. The brand aims to flesh out its full product lineup, targeting the mainstream market segment above 200,000 yuan.Image source: Saidou TechnologyAIVA's debut model is positioned as a crossover, offering both pure electric and extended-range powertrain options. Priced between 100,000 and 200,000 yuan, it creates a differentiated complement to Seres' existing premium AITO brand, which sits above the 250,000 yuan mark. The new vehicle will roll off the assembly lines at Seres' Phoenix plant, with plans to establish independent sales channels targeting both domestic and international markets.Formerly known as Landian Technology under Seres, Saidou Technology completed a capital expansion of roughly 6.671 billion yuan in May. Following the injection, the Chongqing state-owned entity emerged as the largest shareholder with a 34.5% stake, while Seres' stake diluted to 32.96%, making it the second-largest shareholder.In the first quarter of 2026, Seres reported revenue of 25.746 billion yuan and a net profit attributable to shareholders of 754 million yuan.
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