HONG KONG, Sep 26, 2025 – (ACN Newswire)–On 25 September, Chery Automobile Co., Ltd. (“Chery Auto”, stock code: 9973. HK), an internationally acknowledged guest automobile business, was formally noted on the Main Board of HKEX. The listing marks a crucial turning point in the business’s globalization technique and additional enhances its existence in the capital markets, offering an effective inspiration for its sustainable development in the future.
Continually Expanding Brand and Product Matrix, Driving Steady Sales Growth
It is reported that Chery Auto is a worldwide popular traveler lorry business. Considering that its starting in 1997, the Company has actually regularly complied with the concepts of leading commercial development and taking part in the worldwide market. It is devoted to supplying high quality guest lorries to users worldwide, with an item portfolio covering both internal combustion engine (ICE) cars and brand-new energy cars (NEVs), dealing with the unique and progressing requirements and choices of clients in both domestic and abroad markets.
In regards to brand name and item matrix, Chery Auto has actually thoroughly established 5 significant brand names, particularly CHERY, JETOUR, EXEED, iCAR, and LUXEED. Each of these brand names provides an unique positioning, method design and visual experience to catch the substantial development capacities throughout market sectors.
Amongst them, CHERY, as the Company’s signature brand name, is mainly placed as a first-rated automobile brand name of security, convenience and quality for the mass market and household usage. JETOUR is devoted to serving clients who are enthusiastic about household travel and outside leisure. The EXEED brand name targets clients who value efficiency and beauty, and supplies them with a smooth and advanced travel experience through splendid workmanship and extraordinary quality. iCAR targets tech-savvy and freedom-seeking Generation Z clients, providing innovative, smart, and appealing movement experiences. LUXEED deals with users who pursue smart functions, high efficiency, and development. By leading with development and offering technology-driven driving experiences, it satisfies their desire for and goal towards innovative innovation.
Taking advantage of a varied item portfolio and exact market positioning, Chery Auto has actually attained continual sales development. In 2024, there were 8 designs with a typical month-to-month sales of over 10,000 systems, specifically Tiggo 8, Tiggo 7, JETOUR Traveler, Tiggo 5X, JETOUR X70, Arrizo 8, OMODA 5 and LUXEED R7, covering both sedan and SUV designs.
Actively Embracing the New Energy Transition Opportunities with Outstanding Performance Growth
While combining its existing item benefits, Chery Auto proactively takes the chances provided by the worldwide vehicle market’s shift to brand-new energy, and quickly releases high-end brand-new energy brand names and designs, driving the upward growth of its brand-new energy brand name portfolio.
Because 2023, Chery Auto has actually effectively introduced iCAR and LUXEED, on top of EXEED, a high-end item series under EXLANTIX, and Fulwin and Shan Hai, 2 NEV item series under the CHERY and the JETOUR brand name, respectively. These brand names and item series cover A-class to C-class designs with powertrain types consisting of battery electrical cars (BEVs), plug-in hybrid electrical automobiles (PHEVs) and REEVs. According to Frost & & Sullivan, Chery Auto’s NEV sales increased by 267.4% in 2024 compared to 2023, ranking No. 1 amongst the leading 20 traveler automobile business worldwide and even more improving its brand name worth.
Leveraging its broadening brand name portfolio and technically advanced, high efficiency items series, Chery Auto has actually experienced fast development in both profits and net earnings. Its earnings increased from RMB92,618 million in 2022 to RMB269,897 million in 2024, representing a CAGR of 70.7%. The net earnings increased from RMB5,806 million in 2022 to RMB14,334 million in 2024, representing a CAGR of 57.1%. In the very first quarter of 2025, the business reported income of RMB68,223 million, representing a year-on-year boost of 24.2%, and net revenue of RMB4,726 million, rising 90.9% year on year.
In the medium to long term, the international vehicle market is poised for ongoing growth, driven by the boost of the international penetration rate of NEVs, iterative improvements in smart innovation, and growing need from emerging markets. As a leading Chinese automobile brand name, Chery Auto is speeding up the advancement of a company community defined by both high development capacity and strong danger durability. This technique is underpinned by its dual-powertrain (ICEs and NEVs) company design and internal R&D abilities throughout the whole worth chain. The listing in Hong Kong is anticipated to draw higher financier attention to Chery Auto’s development capacity and competitive benefits, consequently starting a journey of financial investment worth discovery for the business.
Subject: Press release summary
Sectors: Automotive
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