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Seres Group

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(Redirected fromSokon)
Not to be confused withSeres (automobiles),the subsidiary.

Seres Group Co., Ltd
Native name
Tái lực tư
FormerlySokon Group
Company typePublic
SSE:601127
Industry
PredecessorsChongqing Baxian Fenghuang Electronic Factory (1986-1996)

Chongqing Yu'an Shock Absorber Company (1996-2007)

Chongqing Sokon Automobile (2007-2022)
FoundedSeptember 1986;37 years ago(1986-09)
FoundersZhang Xinghai
Headquarters
Chongqing
,
China
Area served
Worldwide
ProductsAutomobiles,Motorcycle,commercial vehicles,auto parts
Owners
  • Chongqing Sokon Holding (founder Zhang's family)(26.53%)
  • Dongfeng Motor Corporation(21.68%)
  • Chongqing Yu'an Automotive Industrial (government of Chongqing)(4.38%)[1]
Number of employees
13,238[2]
SubsidiariesDFSK Motor
Seres
XGJAO Motorcycle
Yu'an Shock Absorber Company
Jinkang New Energy
Ruichi Automobile
Websiteglobal-seres

Seres Group(Tái lực tư tập đoàn cổ phần công ty hữu hạn) (previously known asSokon Group orChongqing Sokon Industry Group Co., Ltd,Trùng Khánh khá giả công nghiệp tập đoàn cổ phần công ty hữu hạn)[3]is a Chinese automotive manufacturer founded in September 1986 with headquarters inChongqing,China.[4]Born as a manufacturer of components for household appliances andshock absorbers,it currently producescars,motorcyclesandcommercial vehiclesas well as shock absorbers andinternal combustion engines.In 2022, the company renamed toSeres GroupfromSokon Group.[3]It operates through its subsidiariesSeres,DFSK Motor,XGJAO Motorcycle and Yu'an Shock Absorber Company.[5]

While Chinese automotive manufacturers are eitherstate-ownedor privately owned, Seres shareholders include private investors as well as a local government entity and a state-owned company.

The nameSeresis derived from the Ancient Greek word "Σῆρες" which means "China".

History

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The forerunner of the Sokon Group wasChongqing Baxian Fenghuang Electronic Factory( Trùng Khánh ba huyện phượng hoàng đồ điện lò xo xưởng ), a company founded in September 1986 by Zhang Xinghai and other shareholders, mainly engaged in the manufacture and sale of Japanese-licensed components for household appliances and springs for automotive seats. The products were destined for both the Chinese and Japanese markets and quickly achieved a market share in the sector of 90%. In September 1996, the Chongqing Yu'an Shock Absorber Company was founded, marking the establishment of a new plant dedicated to producing shock absorbers for cars and motorcycles. The plant quickly reached its peak production capacity, exceeding 1.5 million units per year. Subsequently, the company underwent a name change to Chongqing Yu'an Innovation Technology (Group).

Given the enormous success in components, Chongqing Yu'an decided to enter directly into theautomotiveand motorcycle production sector by entering into numerous agreements with both Japanese and Chinese manufacturers to create the new range of vehicles.

In July 2002, XGJAO Motorbyke was founded, a manufacturer of low cost sports motorcycles intended mainly for a young audience and the first models on the market were launched (the F4 followed in the following years by the F5, F6 and F7).

For the automotive production, an agreement was signed withSuzukifor the licensed supply ofchassisand engines formicrovansand small commercial vehicles and on 27 June 2003, the newDongfeng Yu'an Automobile50:50 joint venture with headquarters in Chongqing and assembly plant inWuhanwas founded together withDongfeng Motor Corporation.Subsequently, an engineering center for the design ofelectric vehiclescalled Chongqing Ruichi Automobile Company was created.

In 2005 the first vehicle of the joint venture went into production at the Dongfeng plant in Wuhan: the microvan Dongfeng Yu'an K-Series which was also exported abroad (including Europe).

In May 2007 the entire industrial group changed its name toChongqing Sokon Automobile Co., Ltd:the Yu'an brand was kept only to identify the production of shock absorbers and components, the Dongfeng Yu'an brand present on the minivans thus became Dongfeng Sokon (abbreviated to DFSK in overseas markets). In May 2012, the millionth vehicle of the Dongfeng Sokon joint venture was produced.

On 15 June 2016, the Sokon group was listed on theShanghai Stock Exchange.In the same year, the firstSUV-type vehicles, resulting from the joint venture with the Dongfeng group calledDFSK Glory 580,went into production. In addition, the start-upSF Motorswas founded inSanta Clara,California, with the intention of producing electric vehicles. SF Motors purchasedAM General's manufacturing facility and opened three development and design centers for electric vehicles (one in California, one inMichiganand one in Chongqing).[6]

In November 2018, the group restructured, with Sokon acquiring Dongfeng's share in the joint venture for 621 millioneuros,becoming sole owner of DFSK. In exchange, Dongfeng acquired 26.1% of Sokon for 620 million euros, becoming its majority shareholder.[7]

In January 2019 an agreement was signed withHuaweifor the development of information technologies and software for electric vehicles.[8]

To improve its electric vehicle production, in April 2022 the company signed an agreement with battery makerCATL,which will remain effective until 2026.[9]

In July 2022, the company name was changed to Seres Group.[10][3]

In August 2024,Seres Groupannounced that it would invest in Huawei's subsidiary "Yinwang" (Shenzhen Yinwang Intelligent Technology Co., Ltd.), accounting for 10% of its shares, with a price of RMB 11.5 billion.[11]

Brands and products

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Seres

[edit]
Main article:Seres (automobiles)

Seres is a brand ofelectric vehiclemarketed by Seres Group. Since 2023, Seres brand was shifted to export brand, while AITO became a domestic-only brand.[12]

AITO

[edit]
Main article:AITO (marque)

AITO is a brandSeres Automobilecollaborates withHuaweifor smart electric vehicle. Huawei is leads in the design of AITO models while Seres conducts in production. The AITO trademark was owned by Seres but was sold to Huawei in June 2023.[13]

Landian

[edit]
Main article:Seres (automobiles)

Landian is Seres brand for budget electric vehicles which unveiled in March 2023. The word Landian literally means blue electricity ( lam điện ) in Chinese.[14]

Fengon

[edit]
Main article:DFSK Motor

Fengon(orDFSK Gloryfor foreign markets) formerly known asDongfeng Fengguang( đông phong phong cảnh ), is the brand of Seres that produces passenger vehicles. Established in 2008, Fengon brand targets at affordable compact MPVs and SUVs. It was a joint venture brand withDongfeng Groupuntil it was fully acquired by Seres Group in 2022.

DFSK / Dongfeng Sokon

[edit]
Main article:DFSK Motor

DFSK(short forDongfeng Sokon) is a brand of Seres that produces light commercial vehicles. It was a joint venture brand withDongfeng Groupuntil it was fully acquired by Seres Group in 2022.

  • Sokon C-series
    Sokon C-series
  • Sokon K-series
    Sokon K-series
  • Sokon V-series
    Sokon V-series


Ruichi Automobiles

[edit]

Chongqing Ruichi Automobiles was established in September, 2003. The company is a fully-funded subsidiary of Chongqing Sokon Group for pure electric commercial vehicles.[15]

  • Ruichi EC31
    Ruichi EC31
  • Ruichi EC35
    Ruichi EC35
  • Ruichi ED71
    Ruichi ED71
  • Ruichi EC75
    Ruichi EC75

Sales

[edit]
Seres Group sales[16][17][18]
Year Total Seres DFSK Fengon Landian
2010 226,198 – 226,198 –
2011 243,053 – 243,053 –
2012 202,991 – 202,991 –
2013 205,019 – 205,019 –
2014 277,000 – 277,000 –
2015 275,316 – 114,160 161,156 –
2016 381,636 – 122,639 258,997 –
2017 400,038 – 400,038 –
2018 347,837 – 347,837 –
2019 325,381 – 325,381 –
2020 273,590 – 273,590 –
2021 266,614 8,169[19] 258,445 –
2022 267,246 80,041[20] 187,205 –
2023 253,181 106,703[21] 146,478

See also

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References

[edit]
  1. ^"Profile".Retrieved7 June2021.
  2. ^"Yahoo Search - Web Search".in.search.yahoo.
  3. ^abcTrùng Khánh khá giả công nghiệp tập đoàn cổ phần công ty hữu hạn hội đồng quản trị(12 July 2022).Trùng Khánh khá giả công nghiệp tập đoàn cổ phần công ty hữu hạn về nghĩ thay đổi công ty tên, chứng khoán tên gọi tắt thông cáo[Chongqing Sokon Industrial Group Co., Ltd name change and stock symbol change](PDF).Shanghai Stock Exchange(in Chinese). 601127 2022-070.Archived(PDF)from the original on 13 March 2023.Retrieved13 March2023.(listed underTái lực tư ( 601127 )Thông cáo )
    • new name:Chinese:Tái lực tư tập đoàn cổ phần công ty hữu hạn/ Seres Group Co., Ltd.
    • current name:Chinese:Trùng Khánh khá giả công nghiệp tập đoàn cổ phần công ty hữu hạn/ Chongqing Sokon Industrial Group Co., Ltd.
  4. ^"About - Seres Group Co., Ltd".seres.cn.Retrieved13 May2024.
  5. ^"Sokon: Profile".Archived fromthe originalon 12 April 2023.Retrieved7 June2021.
  6. ^"SF Motors plans to open EV operations at Indiana plant by end of 2020".5 June 2021.Retrieved8 June2021.
  7. ^"Sokon to wholly own Dongfeng Sokon at expense of 26.01% stake offered to Dongfeng Motor Corporation".19 November 2018.Retrieved7 June2021.
  8. ^"Sokon, Huawei ally on NEV, ICV, ICT infrastructure".23 January 2019.Retrieved8 June2021.
  9. ^"Sokon signs contract with CATL for long-term battery supply".22 April 2022.Retrieved14 October2022.
  10. ^"Seres Group Co Ltd, 601127:SHH profile".Financial Times.Archivedfrom the original on 13 March 2023.Retrieved13 March2023.
  11. ^Đằng Tấn võng (25 August 2024)."Đầu tư 115 trăm triệu nguyên! Tái lực tư bắt lấy dẫn vọng 10% cổ quyền hoa vì: Dẫn vọng đem tiếp tục mở ra cổ quyền hợp tác _ Đằng Tấn tin tức".news.qq(in Chinese (China)).Retrieved26 August2024.
  12. ^"Công ty nghiệp vụ - tái lực tư tập đoàn".seres.cn.Retrieved11 December2023.
  13. ^"Trọng bàng!" Hỏi giới "Nhãn hiệu đã chuyển nhượng cấp hoa vì - khai nguyên cơ sở phần mềm xã khu -51CTO.COM".ost.51cto.Retrieved26 June2023.
  14. ^Kang/CnEVPost, Lei (30 March 2023)."Seres unveils new NEV brand Landian and 1st model E5 with BYD, Huawei technology".CnEVPost.Retrieved28 June2023.
  15. ^"Chongqing Ruichi Automobiles is committed to becoming a leading brand for the mini electric commercial vehicles".seres.cn.Retrieved26 June2023.
  16. ^"Tái lực tư (601127) niên độ báo cáo _ tân lãng kinh tế tài chính _ tân lãng võng".vip.stock.finance.sina.cn.Retrieved13 April2023.
  17. ^"Ô tô nhãn hiệu doanh số bảng xếp hạng, ô tô nhãn hiệu doanh số tuần tra, 2023 năm ô tô nhãn hiệu doanh số bảng xếp hạng - xe chủ nhà".xl.16888.Retrieved13 April2023.
  18. ^"2012 năm Trung Quốc ô tô doanh số: Gia tăng 4.3% vì 1,931 vạn chiếc - MarkLines toàn cầu ô tô sản nghiệp ngôi cao".marklines.Retrieved25 July2023.
  19. ^"Khá giả cổ phần lại mệt!" Bàng thượng "Hoa vì nhật tử cũng khó - OFweek tân nguồn năng lượng ô tô võng".nev.ofweek.Retrieved25 April2023.
  20. ^of which 76,180 are AITO vehicles.
  21. ^of which 94,380 are AITO vehicles
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