Seres increased its R&D investment, with R&D expenses reaching 954 million yuan in the first quarter

Despite the pressure of losses, SERES has not cut its R&D investment. In the first quarter of 2024, the company's R&D expenses reached 954 million yuan, an increase of 349 million yuan from the previous quarter. This investment is mainly used for the R&D and innovation of new energy vehicles in order to occupy a favorable position in the future market.