Kathmandu, Nepal – May 14, 2025 – Seres, the premium global electric vehicle (EV) brand, proudly announces a significant milestone: over 500 Seres EVs are now operating on Nepal's roads. This achievement underscores the brand's rapid growth and the increasing adoption of sustainable transportation in the country.

To commemorate this accomplishment, a celebratory cake-cutting ceremony was held today, attended by key figures including David Luo, Sales Director of Seres; Vivek Sikaria, Managing Director of MAW VriddhiMotors; and Prashanna Panta, CEO of MAW Vriddhi

Motors.

Statement from Vivek Sikaria, Managing Director of MAW Vriddhi Motors: "Reaching over 500 Seres vehicles on Nepali roads is a testament to our commitment to providing innovative and reliable EV solutions tailored for Nepal's diverse terrains," said Vivek Sikaria. "We're thrilled to witness the growing trust and enthusiasm among Nepali consumers for Seres. Seres' blend of advanced technology, robust performance, and stylish design resonates well with our customers. This milestone not only reflects the brand's global excellence but also our dedication to driving Nepal towards a greener future."

About Seres:

Originating from Silicon Valley, Seres has established a global presence in over 70 countries and was the first Chinese EV brand to enter the European market. The company operates six super factories across the USA, China, and Indonesia, and seven R&D centers in the USA, China, Germany, and Japan.

Seres Group is a few automobile companies in China that are making a profit. In the first quarter of 2025, Seres Group reported a profit exceeding $100 million, reflecting its robust financial performance and growing market share.

Looking ahead, Seres Group plans to launch three new EV models—M7, M8, and M9—by 2026, further expanding its innovative lineup. Seres' commitment to innovation and quality has been recognized internationally. In Indonesia, the brand received three major EV awards: Favorite Car Launch, Most Affordable Car, and Favorite Commercial Vehicle. These accolades highlight Seres' dedication to

delivering exceptional value and performance to its customers.

The Seres 3 has recently been launched in Indonesia, Hong Kong, Russia, and Norway, marking the brand's expanding global footprint. In Nepal, Seres has demonstrated its capabilities by becoming the first EV to conquer the challenging Korala Pass at 4,660 meters above sea level, showcasing its durability and

performance in extreme conditions.

As Nepal embraces a greener future, Seres remains dedicated to delivering smart, safe, and stylish electric vehicles that meet global standards while addressing local needs.