Seres takes the lead at Aito as Huawei reshapes its role

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New Partnership Model for Aito":"The revised partnership model between Seres and Aito, announced on September 15, gives Seres greater control over the Aito brand. Under the new arrangement, Seres will take the lead on product definition, design, brand marketing, channel retail, and its service system. Huawei will shift to a supporting role. The statement also clarified that Aito will remain a HIMA member and that the existing rights and future services of Aito users will not be affected. This change could reduce Seres' reliance on Huawei within the partnership and give Huawei more flexibility to coordinate resources across HIMA and support other partner brands.","

Financial Performance of Aito":"Aito has seen significant growth, delivering 386,300 vehicles in 2024, up more than 300% year-on-year. Seres also reported its first annual profit, with net profit attributable to shareholders of the parent company reaching RMB 5.946 billion (USD 884.5 million).","

Broader Automotive Partnership Network":"Huawei has expanded its automotive partnership network beyond Aito, including Luxeed with Chery, Stelato with BAIC, Maextro with JAC, and Shangjie with SAIC. This broader network has increased the need for coordination across product positioning, sales channels, and resource allocation."}