Seres Group Sees Up to $706 Million Net Loss for 2023

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What’s new: Seres Group Co. Ltd., which develops electric SUVs with Huawei Technologies Ltd., said Wednesday that it expects to report a net loss of up to 5 billion yuan ($705 million) last year, after deducting non-recurring gain or loss.

The automaker expects to report sales of 35.5 billion to 36.5 billion yuan for 2023, an increase of 4.1% to 7% from 2022.

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