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Seres Group
Seres Group (赛力斯集团股份有限公司) (previously known as Sokon Group or Chongqing Sokon Industry Group Co., Ltd, 重庆小康工业集团股份有限公司) is a Chinese automotive manufacturer founded in September 1986 with headquarters in Chongqing, China. Born as a manufacturer of components for household appliances and shock absorbers, it currently produces electric cars, ICEs cars, motorcycles and commercial vehicles as well as shock absorbers and internal combustion engines. In 2022, the company renamed to Seres Group from Sokon Group. It operates through its subsidiaries Seres, Seres Hubei, XGJAO Motorcycle and Yu'an Shock Absorber Company.
While Chinese automotive manufacturers are either state-owned or privately owned, Seres shareholders include private investors as well as a local government entity and a state-owned company.
The name Seres is derived from the Ancient Greek word "Σῆρες" which means "China".
The forerunner of the Sokon Group was Chongqing Baxian Fenghuang Electronic Factory (重庆巴县凤凰电器弹簧厂), a company founded in September 1986 by Zhang Xinghai and other shareholders, mainly engaged in the manufacture and sale of Japanese-licensed components for household appliances and springs for automotive seats. The products were destined for both the Chinese and Japanese markets and quickly achieved a market share in the sector of 90%. In September 1996, the Chongqing Yu'an Shock Absorber Company was founded, marking the establishment of a new plant dedicated to producing shock absorbers for cars and motorcycles. The plant quickly reached its peak production capacity, exceeding 1.5 million units per year. Subsequently, the company underwent a name change to Chongqing Yu'an Innovation Technology (Group).
Given the sales numbers of components, Chongqing Yu'an decided to enter directly into the automotive and motorcycle production sector by entering into agreements with both Japanese and Chinese manufacturers to create the new range of vehicles.
In July 2002, XGJAO Motorbyke was founded, a manufacturer of low cost sports motorcycles intended mainly for a young audience and the first models on the market were launched (the F4 followed in the following years by the F5, F6 and F7).
For the automotive production, an agreement was signed with Suzuki for the licensed supply of chassis and engines for microvans and small commercial vehicles and on 27 June 2003, the new Dongfeng Yu'an Automobile 50:50 joint venture with headquarters in Chongqing and assembly plant in Wuhan was founded together with Dongfeng Motor Corporation. Subsequently, an engineering center for the design of electric vehicles called Chongqing Ruichi Automobile Company was created.
In 2005 the first vehicle of the joint venture went into production at the Dongfeng plant in Wuhan: the microvan Dongfeng Yu'an K-Series which was also exported abroad (including Europe).
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Seres Group
Seres Group (赛力斯集团股份有限公司) (previously known as Sokon Group or Chongqing Sokon Industry Group Co., Ltd, 重庆小康工业集团股份有限公司) is a Chinese automotive manufacturer founded in September 1986 with headquarters in Chongqing, China. Born as a manufacturer of components for household appliances and shock absorbers, it currently produces electric cars, ICEs cars, motorcycles and commercial vehicles as well as shock absorbers and internal combustion engines. In 2022, the company renamed to Seres Group from Sokon Group. It operates through its subsidiaries Seres, Seres Hubei, XGJAO Motorcycle and Yu'an Shock Absorber Company.
While Chinese automotive manufacturers are either state-owned or privately owned, Seres shareholders include private investors as well as a local government entity and a state-owned company.
The name Seres is derived from the Ancient Greek word "Σῆρες" which means "China".
The forerunner of the Sokon Group was Chongqing Baxian Fenghuang Electronic Factory (重庆巴县凤凰电器弹簧厂), a company founded in September 1986 by Zhang Xinghai and other shareholders, mainly engaged in the manufacture and sale of Japanese-licensed components for household appliances and springs for automotive seats. The products were destined for both the Chinese and Japanese markets and quickly achieved a market share in the sector of 90%. In September 1996, the Chongqing Yu'an Shock Absorber Company was founded, marking the establishment of a new plant dedicated to producing shock absorbers for cars and motorcycles. The plant quickly reached its peak production capacity, exceeding 1.5 million units per year. Subsequently, the company underwent a name change to Chongqing Yu'an Innovation Technology (Group).
Given the sales numbers of components, Chongqing Yu'an decided to enter directly into the automotive and motorcycle production sector by entering into agreements with both Japanese and Chinese manufacturers to create the new range of vehicles.
In July 2002, XGJAO Motorbyke was founded, a manufacturer of low cost sports motorcycles intended mainly for a young audience and the first models on the market were launched (the F4 followed in the following years by the F5, F6 and F7).
For the automotive production, an agreement was signed with Suzuki for the licensed supply of chassis and engines for microvans and small commercial vehicles and on 27 June 2003, the new Dongfeng Yu'an Automobile 50:50 joint venture with headquarters in Chongqing and assembly plant in Wuhan was founded together with Dongfeng Motor Corporation. Subsequently, an engineering center for the design of electric vehicles called Chongqing Ruichi Automobile Company was created.
In 2005 the first vehicle of the joint venture went into production at the Dongfeng plant in Wuhan: the microvan Dongfeng Yu'an K-Series which was also exported abroad (including Europe).