Seres Fully Acquires Landian Auto, Reverses Prior Divestment Plan

[Equity Change] Seres now holds 100% ownership of Landian Auto, with all state-owned shareholders having fully exited.

Core Development: Seres Reverses Prior Divestment Plan, Gains Full Control of Landian

Recent business registration changes for Chongqing Landian Automotive Technology Co., Ltd. show that the former state-owned shareholders—Chongqing Qingfeng and Chongqing Yuan Tou—have completely withdrawn. Seres’ stake has increased from 35% to 100%. This move reverses an asset divestment plan announced just a month and a half ago, under which Landian-related assets were to be transferred to a new company controlled by Chongqing’s state-owned capital.

Strategic Rationale: Focus Solely on AITO or Maintain Dual Tracks? Intent Remains Unclear

Previously, industry observers widely believed that divesting Landian would allow Seres to concentrate resources on developing its premium AITO brand and strengthening its partnership with Huawei. Now, by taking full ownership of Landian, Seres may be signaling continued strategic interest in the mass market, introducing new uncertainty into its overall direction.