Huawei-Seres cooperation model changes, representing a systemic and structural adjustment

On September 15, regarding media reports about adjustments to the cooperation model between Huawei and Seres, a reporter from Securities Times learned from informed sources that the model will indeed be adjusted, but it is not a simple adjustment in which some aspects of the work are shifted from Huawei to Seres as reported by the outside world. Rather, it is a systematic and structural adjustment. The original intention of the adjustment is for consumers to obtain a better experience, and it is also hoped to boost Seres' performance so that investors can obtain better returns. Previously, media reports said that the smart selection vehicle model between Huawei and Seres would be adjusted this week. In the future, Huawei would cooperate with Seres in an asset-light manner, and the aspects of products, marketing, sales, and service would be changed from being led by Huawei to being led by Seres, with Huawei providing empowerment. Affected by this news, in the afternoon of September 15, Seres' stock price plunged sharply, falling nearly 6% at one point.