The merger agreement is expected to be finalized in June 2025, with the target completion time being August 2026.
Learn More: Southeast Asia’s electrical automobile aspirations under analysis, Flipkart founder wants to capitalize his Ola risk.
Proceeds from the IPO will be used to fund product development, battery assembly, manufacturing expansion and IT upgrades.
The funds will certainly enhance the firm’s car design, software application and battery innovation.
From December 12 to 17, 2024, Xanh SM taxis are offering two free rides per day for app-based bookings.
Shares of Seres, currently listed in Shanghai, have risen 80% this year.
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