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Chinese Luxury Carmaker Seres Comes From Behind to Overtake BMW

Summary by Fortune
In under four years, Seres Group Co., a small Chinese automaker once best known for its 30,000 yuan ($4,200) minivans, has beaten luxury legacy names like BMW and Mercedes to become the nation’s hottest high-end car seller. Formerly called DFSK Motor, Seres partnered with telecommunications giant Huawei Technologies Co. back in 2021 to launch the Aito brand of premium electric and hybrid sport utility vehicles. Since then, Seres has had a dizzyi…

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Bloomberg broke the news in United States on Monday, May 19, 2025.
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