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EasyCar News Recently, Seres announced that it plans to acquire 19.355% of Seres Automotive Co., Ltd. ("Seres Automotive"), a minority shareholder of its holding subsidiary, Chongqing Jinxin Equity Investment Fund Partnership (Limited Partnership), for approximately RMB 1.329 billion. After the transaction is completed, Seres Group Co., Ltd.'s shareholding in Seres Automotive will increase from 80.645% to 100%.

It is understood that Seres Automotive and its subsidiaries are the main operating entities of the listed company. Their main businesses are the research and development, manufacturing, sales and services of new energy vehicles and core component assemblies. Their main products includeAITOQJM9, M7, M5 series models.