HONG KONG, Sep 25, 2025 – (ACN Newswire)— The Hong Kong stock exchange has actually continued its healing pattern considering that the start of the year, with IPO market staying robust. On September 25, Chery Automobile Co., Ltd. (“Chery Auto,” stock code: 9973. HK), a leading Chinese independent traveler car brand name, was formally noted on the HKEX, marking among the most noteworthy massive IPOs of the year.
In this IPO, Chery Auto brought in foundation financial investments amounting to roughly US$ 587 million from over 10 organizations, consisting of Hillhouse, Greenwoods, Huangshan Construction Investment, Nexchip, Horizon Robotics, Dajia Life, Martis Fund, Gotion HK, Hefei Jianhui, PSBC Wealth, and Xingyu Co., Ltd. The involvement of widely known organizations, gamers throughout the commercial chain, and city government entities highlights the marketplace’s self-confidence in Chery Auto’s long-lasting development capacity and highlights its critical position within the vehicle market chain. The strong positioning of several stakeholders not just safeguards Chery Auto’s effective listing however likewise constructs a more comprehensive collective environment for its future organization growth.
Double Focus on ICE and NEV to Seize Opportunities in Industry Transformation
Chery Auto started with internal combustion engine (ICE) cars and has actually constructed strong competitive barriers in the conventional powertrain sector, underpinned by extensive system abilities and deep technological knowledge. This has actually laid a strong structure for its subsequent varied advancement. Leveraging its sophisticated technological strength, Chery Auto has actually established timeless ICE line of product such as Tiggo and Arrizo. In 2024, sales volume of ICE cars increased by more than 29% year-on-year, functioning as an essential “ballast” for the Company’s efficiency.
While combining its strengths in ICE automobiles, Chery Auto has actually likewise recognized the international market patterns of “electrification and intelligentization”. With a core method of “internal R&D + scenario-based application”, the Company has actually developed a distinguished one-upmanship in brand-new energy and clever movement. Today, it has actually constructed a full-spectrum powertrain portfolio covering “pure electric + hybrid + range-extender” designs, attaining strong synergy and complementarity with its ICE service and driving constant improvement of its brand name worth.
In hybrid sector, Chery Auto’s individually industrialized ACTECO 1.5 TGDI hybrid engine is the very first range-extender electrical automobile engine in China to get the “Premium Drive” accreditation from the China Automotive Technology and Research. With an optimum thermal performance of 44.5%, it exceeds the market average of around 40% for hybrid engines in Chinese-brand traveler lorries. In pure electrical sector, the E0X platform-based LUXEED R7, geared up with an 800V “Giant Whale” high voltage battery platform, accomplishes a recharge as much as 200 km within 5 minutes. In January 2025, it topped the sales chart for battery electrical mid-to-large SUVs in China, showing strong competitiveness in the pure electrical sector. Furthermore, the Company concentrates on “user experience application” by establishing the “Lion Intelligent Cockpit” system and driving support system, even more boosting item competitiveness. In 2024, the Company’s brand-new energy lorry sales rose by 267.4% year-on-year, ranking initially amongst the international leading 20 guest car business.
Deepening Global Presence to Unlock New Growth Opportunities
As the leading exporter of Chinese domestic brand name traveler automobile, Chery Auto has actually developed a detailed international network for R&D, production, and sales given that its very first export in 2001, setting a standard for Chinese domestic brand names “going worldwide”. In regards to the sales network design, the Company’s items are offered in over 100 nations and areas. Since 31 March 2025, Chery Auto boasts 1,092 abroad suppliers throughout Asia (omitting China), Europe, Africa, Oceania, and the Americas, with an overall of 2,958 abroad sales outlets. It has actually preserved the leading position in Chinese domestic brand name traveler automobile for 22 successive years because 2003. In 2024, Chery Auto’s abroad sales rose by 37.4% year-on-year, producing abroad income of RMB97.87 billion, representing 39.7% of its overall income.
From a local viewpoint, Chery Auto has actually protected leading positions in several essential abroad markets. In 2024, the Company ranked initially in sales amongst Chinese domestic brand name traveler automobile business in Europe, South America, and the Middle East & & North Africa area. In North America and Asia (leaving out China), it ranked 2nd in sales amongst its Chinese peers. According to Frost & & Sullivan, the Tiggo 7 was the very popular guest automobile design amongst Chinese domestic brand name traveler car in regards to export volume in 2024. In the premium sector, the EXEED brand name ranked initially in export volume amongst Chinese domestic premium automobile brand names.
Leveraging its existing worldwide structure, Chery Auto prepares to more upgrade its abroad method through this listing on the HKEX. According to the prospectus, the Company plans to assign 20% of the earnings from the IPO to abroad market growth. On the production front, Chery Auto will develop brand-new production centers in Southeast Asian nations like Vietnam and Malaysia, while broadening existing abroad factories to boost localized production abilities. In R&D, it will enhance its existence in Europe, Southeast Asia, and North America, concentrating on establishing brand-new energy cars and clever driving innovations customized to regional markets. For sales channels, Chery Auto will even more densify its worldwide sales and service network. The execution of these efforts is anticipated to open substantial brand-new development chances for the Company.
From its simple starts in a “small thatched shed” in 1997 to its existing position amongst the Fortune Global 500, Chery Auto has actually regularly led the market with a pioneering spirit that attempts to challenge conventions. This listing on the HKEX marks the start of a brand-new stage of capital empowerment, bringing higher possibilities for advancing its brand-new energy technique and broadening into abroad markets. Looking ahead, with constant models in brand-new energy and smart items and the more growth of its international network, Chery Auto is well placed to sustain its top quality development trajectory and accomplish both efficiency and worth improvement.
Subject: Press release summary
Sectors: Automotive
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