Who Owns Chery?
Chery is the flagship marque of Chery Automobile Co., Ltd., a Chinese state-influenced manufacturer headquartered in Wuhu, Anhui, that listed on the Hong Kong Stock Exchange in September 2025 under ticker 9973. The brand covers the Tiggo SUV range and Arrizo sedans plus the Fulwin electrified line. Parent revenue reached RMB 300.3 billion in FY2025 on sales of 2.63 million vehicles.
Parent Company
Founded
1997
Status
Publicly Traded
Headquarters
Who Owns Chery?
- Parent Company: Chery Automobile Co., Ltd.
- Ownership Type: Brand division
- Company Type: State-Owned
- Stock Ticker: Hong Kong Stock Exchange: 9973
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Chery | Chery Automobile Co., Ltd. | Brand division |
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History of Chery
- Founded: 1997
- Founders: Wuhu Municipal Government
Chery Automobile was incorporated in Wuhu in January 1997 as a municipal government project, at a time when China's car industry was dominated by state joint ventures with Volkswagen and General Motors. The founders acquired a used engine production line from Ford's Dagenham plant in England and based the first car's engineering on the SEAT Toledo platform licensed through a relationship with Volkswagen's Spanish operations.
The first car, the Fengyun sedan, went on sale in December 1999. It was an immediate domestic success because it undercut the joint venture sedans on price while offering comparable size and equipment. In 2003, Chery launched the QQ city car, which became a phenomenon: more than one million sold, making it one of the defining cars of China's first private-car ownership boom.
The Tiggo SUV line followed in 2005 and grew into the marque's largest product family, spanning subcompact to full-size crossovers. The Arrizo sedan line arrived in 2013, replacing an earlier generation of sedans. Through the 2010s, Chery invested in its own powertrain and platform engineering, shedding the early reputation for derivative engineering.
Export became the defining story. Chery began shipping cars abroad in the early 2000s and by the 2020s had been China's top passenger vehicle exporter for more than two decades consecutively. In 2023, the company revived the Fulwin name as a product line for plug-in hybrids and later battery electric vehicles, sold through a separate dealer channel under the C-DM hybrid system.
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In September 2025, Chery Automobile listed on the Hong Kong Stock Exchange. For the year ended December 2025, the group sold 2.631 million vehicles and exported 1.294 million, its 23rd consecutive year as China's leading passenger vehicle exporter. The Chery marque remains the group's volume foundation even as Exeed, Jetour, and the electric nameplates grow.
About Chery Automobile Co., Ltd.
What does Chery Automobile own?
Chery Automobile owns and operates five major vehicle brands: Chery (mass market), Exeed (premium), Jetour (family SUVs), iCar (electric), and Luxeed (premium smart electric, developed with Huawei). The company also manufactures automotive parts and components and KD kits for overseas assembly.
Is Chery Automobile publicly traded?
Yes. Chery Automobile listed on the Main Board of the Hong Kong Stock Exchange on September 25, 2025, under stock code 9973. The IPO was the largest auto IPO in Hong Kong for 2025. Prior to the listing, the company restructured its ownership in January 2025, transferring shares from Chery Holding directly to its shareholders.
Who founded Chery Automobile?
Chery Automobile was founded in 1997 by the Wuhu municipal government in Anhui Province, China, as a state-backed automotive manufacturing project. Yin Tongyue, who participated in the company's preparation starting in October 1996, has served as an executive director since its establishment and as chairman since February 2004.
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Where is Chery Automobile headquartered?
Chery Automobile is headquartered in Wuhu, Anhui Province, China. The company's registered office is at No. 8, Changchun Road, Wuhu City, Anhui. Its primary manufacturing facilities and main R&D center are also located in Wuhu.
How many brands does Chery Automobile own?
Chery Automobile owns five major brands: Chery, Exeed, Jetour, iCar, and Luxeed. The company has also used the Omoda and Jaecoo brand names in certain international markets. Its product series include the Tiggo SUV line, Arrizo sedan line, and Fengyun technology series.
Who owns Chery Automobile?
Chery Automobile is a state-backed company whose shares are publicly traded on the Hong Kong Stock Exchange. Following a January 2025 equity transfer, Chery Holding transferred its direct shares in the company to its own shareholders on a pro rata basis. State-affiliated entities continue to hold significant stakes, but the company now has no holding company above it and is governed by its public shareholders and board of directors.
What is Chery Automobile's revenue?
For FY2025, Chery reported total revenue of RMB 300.3 billion (approximately $42 billion), up 11.3% year over year. Net profit was RMB 19.5 billion, up 36.1%. In Q1 2026, the company reported revenue of RMB 65.9 billion and net profit of RMB 4.3 billion.
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Has Chery made major acquisitions recently?
Chery has not made major automotive acquisitions. Its growth has been organic, driven by new brand launches (iCar, Luxeed) and geographic expansion. The company's most significant corporate event was its September 2025 IPO on the Hong Kong Stock Exchange.
- Founded: 1997
- Headquarters: Wuhu, Anhui, China
- Company Type: State-Owned
- Stock: Hong Kong Stock Exchange: 9973
- Revenue: RMB 300.3 billion (FY2025)
- Employees: Approximately 70,100
Where Is Chery Made / Based?
- Headquarters: Wuhu, Anhui, China
- Manufacturing / Operations: China, Brazil, Spain, Thailand
Chery Categories & Tags
Chery Recalls & Controversies
Chery's early years produced documented quality controversies. The QQ city car was the subject of a long-running intellectual property dispute with General Motors, which alleged the car copied its Chevrolet Spark; the case was settled in 2005 without a public admission. Early Chery vehicles also drew poor marks in independent crash tests in the 2000s, which the company answered with progressive investment in safety engineering.
As an exporter into Europe, the brand now sits inside EU and UK trade politics. The European Union imposed additional tariffs on Chinese-built electric vehicles from 2024 onward, a policy environment that shapes Chery's pricing and localization decisions and pushed it toward the Spanish assembly arrangement.
No major safety recall of unusual scale marks the recent record; the marque's recalls have run at industry-normal levels for its volumes. The more durable reputational issue is residual skepticism about Chinese vehicle quality and data privacy in Western markets, which the company addresses through local assembly and Euro NCAP results on newer models.
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Brands Owned by Chery Automobile Co., Ltd.
AutomotiveJaecoo
Owned by Chery Automobile Co., Ltd.
Chinese automotive brand established in 2023 by Chery Automobile, focusing on SUVs for export markets outside China.
automotivesuvchinese
AutomotiveOMODA
Owned by Chery Automobile Co., Ltd.
Chinese automobile brand owned by Chery Automobile, selling SUVs in 69 global markets with over 1 million cumulative sales as of 2026.
automobilessuvschinese-brand
Chery Ownership: Pros & Cons
Advantages
- +Backed by the production scale of a 2.63 million unit manufacturer
- +China's top passenger vehicle exporter for 23 consecutive years
- +Aggressive value positioning wins share in price-sensitive markets
- +Broad lineup spanning Tiggo SUVs, Arrizo sedans, and Fulwin electrified models
- +Growing local assembly footprint reduces tariff and logistics exposure
Considerations
- -Budget positioning limits pricing power and per-unit margin
- -State-influenced shareholder structure shapes strategy alongside market logic
- -Faces tariff and trade-policy friction in the EU and other Western markets
- -Residual quality perception lags the engineering reality in some export markets
- -Dependent on parent capital allocation among six or more sibling marques
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Frequently Asked Questions About Chery
Sources & Further Reading
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Competitors to Chery
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Great Wall Motors | China | 1984 | Mass market | Global | All Genders | |
| Saic Motor | China | 1924 | Mass market | Global | All Genders | |
| Chery Automobile | China | 2023 | Mass market | Global | All Genders | |
| Byd | China | 2010 | Premium | Asia pacific | All Genders | |
| Stellantis | Italy | 1899 | Mass market | Europe | All-ages | |
| Geely | China | 1997 | Mass market | China | All-ages |
Learn More About Competitors
AutomotiveGWM
Owned by Great Wall Motor Company Limited
Chinese automotive brand specializing in SUVs and pickup trucks, owned by Great Wall Motors and sold in over 60 countries.
suvpickup-trucksautomobiles
AutomotiveMG Motor
Owned by SAIC Motor Corporation Limited
British-origin automotive brand owned by China's SAIC Motor, producing affordable cars, SUVs, and electric vehicles for over 170 countries. Founded in 1924 as Morris Garages.
automotivecarssuv
AutomotiveJaecoo
Owned by Chery Automobile Co., Ltd.
Chinese automotive brand established in 2023 by Chery Automobile, focusing on SUVs for export markets outside China.
automotivesuvchinese
AutomotiveDenza
Owned by BYD Company Limited
Chinese premium electric vehicle brand owned by BYD, producing luxury EVs including the D9 MPV and N9 SUV.
electric-vehiclesevsautomobiles
AutomotiveFiat
Owned by Stellantis
Italian mass-market automobile brand founded in 1899 in Turin. Owned by Stellantis N.V. (NYSE: STLA). Known for the Fiat 500, Panda, and Grande Panda models. Strong market position in Italy and Brazil.
italian-brandaffordable-carselectric-vehicles
AutomotiveGeely Cars
Owned by Geely Automobile Holdings
Chinese passenger vehicle brand operated by Geely Automobile Holdings (HK: 0175), producing sedans, SUVs, and MPVs for domestic and international markets.
automobilespassenger-vehiclessedans
Competitive Analysis
Market Positioning: Chery competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Chery
Looking for brands with different ownership structures? These similar brands are not owned by Chery Automobile Co., Ltd., giving you alternative choices that support different corporate structures.
AutomotiveIronman Tires
Owned by Hercules Tire and Rubber Company
Budget tire brand owned by Hercules Tire and Rubber Company, a subsidiary of American Tire Distributors, offering affordable tires for passenger vehicles, light trucks, and commercial vehicles.
tiresbudget-tiresautomotive
Privately Owned
Ironman Tires is privately owned, unlike Chery which is under a publicly traded parent company.
AutomotiveHyundai
Owned by Hyundai Motor Group
South Korean automobile manufacturer known for its value proposition, quality improvements, and stylish designs in the global automotive market.
korean-carvalue-brandglobal-automaker
Privately Owned
Hyundai is privately owned, unlike Chery which is under a publicly traded parent company.
AutomotiveKia
Owned by Hyundai Motor Group
South Korean automobile manufacturer known for sporty design and value positioning, part of Hyundai Motor Group.
korean-carvalue-brandsporty-design
Privately Owned
Kia is privately owned, unlike Chery which is under a publicly traded parent company.
AutomotivecarVertical
Owned by CV Group (carVertical)
Lithuanian vehicle history company that generates VIN-based reports on used cars across 37 markets, operating as the private company CV Group.
vehicle-historyvin-checkused-cars
Privately Owned
carVertical is privately owned, unlike Chery which is under a publicly traded parent company.
AutomotiveChampion
Owned by Tenneco Inc.
Tenneco's ignition aftermarket brand for spark plugs, founded in 1907 and among the oldest names in American automotive parts.
spark-plugsignitionaftermarket
Privately Owned
Champion is privately owned, unlike Chery which is under a publicly traded parent company.
AutomotiveFel-Pro
Owned by Tenneco Inc.
Tenneco's engine sealing brand for gaskets and sealing solutions, founded in 1918 and a standard name in the professional aftermarket.
gasketsengine-sealingaftermarket
Privately Owned
Fel-Pro is privately owned, unlike Chery which is under a publicly traded parent company.
Chery Automobile Co., Ltd. Stock Information
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