Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley

Seres, the Chinese electric vehicle startup previously known as SF Motors, is laying off 90 people at its Silicon Valley office, the company announced at a staff meeting held today. The launch in the United States of its first electric SUV, the SF5, is also now on hold, according to a recording of the meeting obtained by The Verge . Originally, he had planned to manufacture and sell his electric SUVs both in China and in the United States, with a launch scheduled for this year.

About 300 people worked in the Silicon Valley office before the layoffs, according to a former employee who was granted anonymity because of a non-disclosure agreement with the company. The layoffs affect multiple parts of the company, including sales, marketing, IT, human resources, legal, operations and design, said this person. A spokesperson for the company could not be contacted immediately for comment.

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