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SERES Auto sales soar 445.57% YoY in January 2023

Gabriella From Gasgoo| February 02 , 2023 15:29 BJT

Beijing (Gasgoo)- In January 2023, SERES Group, Huawei’s partner in carmaking previously known as Chongqing Sokon Industry Group, saw a year-on-year growth in new energy vehicle sales despite the overall downturn, the company reported on February 2.

SERES Auto sales soar 445.57% YoY in January 2023

Photo credit: SERES

In the past month, SERES Group sold 10,556 vehicles in total, representing a 49.16% decline year-over-year. 

January includes the national Chinese Lunar New Year holidays, which is usually considered a weak phase of the domestic auto market. Like many other automakers in China, SERES Group’s monthly sales were also affected by the holidays. 

On the other hand, with 4,885 vehicles sold, the group’s new energy vehicle (NEV) sector achieved a 38.78% year-over-year spike in January sales, which is consistent to the company’s performance throughout the past year where NEV sales continued to grow. 

Specifically, a total of 4,490 NEVs sold in the past month were from SERES Auto, which owns two brands (SERES and AITO), skyrocketing 445.57% compared to the year-ago period. Aside from sales, production volume of SERES Auto also shot up 293.95% over the previous year to 4,751 vehicles in January 2023. 

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