China Auto Daily丨Seres Reports Record Revenue Of 165 Billion Yuan

Seres Achieves Record Financial Results and Announces Buyback

On March 30, 2026, Seres released its 2025 annual report, marking a historic financial milestone for the company. The automaker achieved a total revenue of RMB 165.05 billion (USD 23.9 billion), representing a robust year-on-year increase of 13.7%. This growth translated into a net profit attributable to shareholders of RMB 5.96 billion (USD 863.8 million), marking the company’s second consecutive year of profitability. The firm’s research and development expenditures reaching RMB 12.51 billion (USD 1,813.0 million), a staggering 77.4% surge compared to the previous fiscal year.

Simultaneously, Seres announced a major share repurchase program. The company intends to utilize its own funds to buy back shares worth no less than RMB 1.0 billion (USD 144,900,000) and no more than RMB 2.0 billion (USD 289,900,000). The repurchase price is capped at RMB 150 (USD 21.7) per share. According to Seres, the repurchased shares are intended to be canceled to reduce the company's registered capital.

Changan Auto Unveils Breakthrough Blue Core Ultra Power

Changan Automobile officially introduced its next-generation "Blue Core Ultra Power" system on March 30, 2026, setting new industry benchmarks for hybrid efficiency. The centerpiece of this release is a hybrid-specific engine featuring 500bar ultra-high-pressure direct injection technology. This innovation allows the engine to achieve a thermal efficiency of nearly 45%, with fuel injection pressure exceeding current industry standards by approximately 43%. The system is paired with a 3V high-flux magnetic steel topology hybrid electric drive, which pushes motor efficiency beyond the 98% threshold. Furthermore, the powertrain is supported by a battery with 50C discharge capability and an AI-driven intelligent energy management system.

The practical implications of this technology are transformative for the mass market. Changan announced that under this new power architecture, the urban fuel consumption for standard blue-plate sedans will enter the "2L Era," specifically targeting 2.98L/100km. Similarly, blue-plate SUVs will enter the "3L Era," achieving an impressive 3.98L/100km in urban driving conditions. According to Changan’s strategic roadmap, the company plans to progressively roll out Blue Core Ultra Power across its entire lineup of hybrid models and will eventually push for this advanced hybrid technology to be standard across its traditional internal combustion engine products to meet increasingly stringent global emission and efficiency standards.

Chery Launches the All-New QQ3 with Premium Tech Integration

Chery officially launched the all-new QQ3 on March 30, 2026, with a retail price range of RMB 58,900 (USD 8,500) to RMB 78,900 (USD 11,400). It features the Rhino liquid-cooled battery in two capacities: 29.484 kWh and 41.278 kWh, providing CLTC-rated ranges of 310 km and 420 km respectively. According to Chery technical data, the vehicle supports ultra-fast charging, capable of replenishing the battery from 30% to 80% in just 16.5 minutes, and includes a 6.6 kW external discharge function to power electronic devices.

The interior of the QQ3 is powered by the flagship Qualcomm Snapdragon 8155 chip, managing a 15.6-inch 2.5K high-definition central display. The system integrates the "Carmind" large-scale AI model, enabling natural language interactions. Beyond infotainment, the QQ3 introduces the Falcon 500 driving assistance system. This suite supports high-order functions such as highway Navigate on Autopilot (NOA), automatic ramp entry and exit, and active lane changes. Additionally, the vehicle features more than 100 automated parking scenarios and 15 different L2-level auxiliary driving functions.

*(Exchange rate: RMB 6.9 = USD 1)*