Seres And Chongqing Shapingba Government Sign Agreement

Published: Feb 9, 2026 12:01

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On February 8, news emerged that the People's Government of Shapingba District, Chongqing, and Seres Group signed a cooperation agreement to jointly promote the high-quality development of the intelligent connected new energy vehicle industry. According to the cooperation terms, the newly established project company will be invested in by a state-owned capital-backed market-oriented equity investment fund, which will hold a 33.5% stake. Seres Group and its subsidiaries will contribute assets related to Landian, holding a 32% stake. Other investors will hold 18.5%, while the management team will hold 16%.

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