Seres is showing that China鈥檚 smart-EV boom still has hard financial edges. Autohome reports that Seres touched the daily limit down during July 13 trading after the company issued a first-half loss forecast.
Seres expects a net loss attributable to shareholders of RMB 1.5 billion to RMB 1.8 billion for the first half of 2026, compared with net profit of RMB 2.941 billion a year earlier.
That loss range is approximately approximately $221,415,000-$265,698,000 (RMB 1,500,000,000-1,800,000,000), underscoring the scale of the swing.
For international readers, the quoted China-market range converts to approximately $221,415,000-$265,698,000 (RMB 1,500,000,000-1,800,000,000) at today’s approximate exchange rate.
Why it matters
The company cited factors including raw-material price increases. For EV supply chains, margin pressure can hit even brands tied to high-profile smart-vehicle ecosystems.
Seres remains strategically important, but the warning is a reminder that volume, software appeal and profitability do not always arrive together.
Source: Autohome, published 2026-07-13 14:45:08. Source images are attributed to Autohome.
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