Seres' Stock Price Plunge and Responses

TapTechNews June 25th news. Today (June 25th) in the afternoon, Seres continued to decline and its share price closed at the daily limit, touching the daily limit price of $12.5 per share during the session, and the trading volume exceeded $14 billion. In addition, BAIC BluePark, JAC Motors, Dongfeng Motor, Changan Automobile, etc. also fell.

In response, an insider of Seres said: The normal fluctuations and performance of the market. If necessary, the company will make a separate statement.

TapTechNews noted that on the news front, there was no obvious positive or negative news for Seres today.

Regarding the rumor in the market that the collapse of Liu Gesong from Guangfa system caused the decline of Seres' share price, the person in charge said, Not aware.

Seres currently cooperates with Huawei in AITO Wenjie Automobile. The sales volume of new energy vehicles in May 2024 is 34,130 units, an increase of 298.62% year-on-year.