The meteoric rise of Seres Group Co. $601127.SS marks a fundamental shift in China’s high-end automotive sector. Once a producer of affordable minivans priced at just 30,000 yuan (approximately USD 4,200), Seres Group transformed its identity and market positioning within four years. The pivotal change came in 2021 when the company, formerly known as DFSK Motor, entered a strategic partnership with tech giant Huawei Technologies Co. This collaboration introduced the Aito brand, offering premium electric and hybrid SUVs, and quickly disrupted the competitive landscape previously dominated by long-established luxury automakers such as BMW $BMW.DE and Mercedes-Benz $MBG.DE.