Huawei's electric vehicle partner, Seres, is reportedly considering a secondary listing in Hong Kong, which could help raise over $1 billion. While Seres Group's securities department declined to comment on the speculation, the potential move is seen as a strategy to enhance its capital base. In a related development, Avatr Technology, another Huawei-backed EV brand, successfully raised over CNY 11 billion (approximately USD 1.5 billion) in its latest Series C funding round. Investors in this round included Changan Auto, South Industry Assets Management, and Bocom Investment. Avatr plans to go public in 2026. The news comes as Hong Kong's automotive stocks opened higher, with notable gains among several companies, reflecting a positive outlook for the sector.