Huawei’s auto-making partner Seres (赛力斯) showcased its new energy vehicle model SERES 5 at the Brussels Motor Show on January 13, signing contracts with more than 20 partners that accounted for more than 20,000 orders, reported Pandaily on January 16.

Available in three configurations (standard version 2WD, premium version 4WD, and flagship version 4WD), the SERES 5 is a sporty, premium e-SUV. The starting prices of the three versions are €63,900($69,316), €67,900($73,655), and €74,900($81,248), respectively.

The vehicle can accelerate from 0 to 100 km/h in 3.7 seconds, thanks to its front and rear motor peak power (430KW) and peak torque of 960N.m. Available in eight exterior colors and five interior ones that can be combined as wished, it is equipped with HUD, a 15.6″ central control screen, and a 12.3″ LCD dashboard.

The car is equipped with 80kW ferrous lithium phosphate and 90kWh semi-solid high-performance batteries, which can be driven as far as 530 km on one charge. It is compatible with 95% of available charging systems in Europe. In addition, it supports vehicle-to-vehicle (V2V) output, so it can charge other vehicles when needed. It also has a vehicle-to-load (V2L) function, which can provide power for camping equipment, reported the Pandaily.

Seres’ new energy vehicles are very popular in the German, South Korean, and Singaporean markets. In addition, the firm has built assembly plants with its partners in Morocco, Pakistan, Turkey, and others. By 2022, Seres had exported nearly 500,000 cars to more than 70 markets.

In 2022, the company’s cumulative production and sales of new energy vehicles were 139,132 units and 135,054 units, respectively, up by 233.64% and 225.90%. Among them, the production and sales volume of Seres brand cars reached 83,701 units and 80,041 units.

Seres also co-develops with Huawei, the AITO brand, and delivered 10,143 vehicles in December, including M5, M7, and M5 EVs, said the Pandaily report.

AITO’s rapidly growing sales volume has directly boosted Seres’ financial performance. According to Wind, Seres’ total operating income has grown strongly since last year, reaching RMB5.131 billion ($766 million) in the first quarter, and almost doubled in the second and third quarters, reaching RMB12.416 billion ($13.45 billion) and RMB23.123 billion ($25.05 billion).

In the past six years, Seres’ accumulated investment in R&D has exceeded 10 billion yuan, and the annual investment in R&D reached 10% of sales revenue. Seres currently has nearly 3,000 patented technologies and 25% R&D personnel, according to Pandaily.