Chery Automobile Co., Ltd.

What does Chery 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 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?
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.

Where is Chery 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 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?
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'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.

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.

Chery Automobile was founded in 1997 in Wuhu, Anhui Province, as a state-backed automotive project by the Wuhu municipal government. The company was incorporated as a limited liability company and later converted to a joint stock limited company on March 24, 2008. Yin Tongyue, who participated in the company's preparation in October 1996, has served as an executive director since its establishment and as chairman of the board since February 2004. He became president in December 2024.

Production began in 1999 with affordable passenger vehicles for the Chinese domestic market. Chery differentiated itself from joint venture manufacturers by focusing on self-developed technology and intellectual property rather than relying on foreign partners. This independence was unusual among Chinese automakers of the era, most of which operated through 50-50 joint ventures with international brands.

In the early 2000s, Chery began exporting vehicles, becoming one of the first Chinese automakers to sell cars internationally. The company established manufacturing partnerships and assembly operations in developing markets, including Brazil, Iran, Egypt, and Russia. These operations allowed Chery to build an international presence that would later become its core competitive advantage.

The company launched multiple sub-brands over the following decade to target different market segments. Exeed was introduced as a premium offering. Jetour focused on affordable family SUVs. In 2023, Chery launched the Omoda and Jaecoo brands at an international convention in Wuhu, positioning them as export-focused brands for global markets. The iCar brand was later introduced for electric vehicles, and Luxeed was developed in partnership with Huawei as a premium smart electric vehicle brand.

In 2024, Chery achieved record sales of 2.303 million vehicles, with revenue of RMB 269.9 billion. The company remained China's top automobile exporter, a title it has held for 23 consecutive years. Omoda and Jaecoo accounted for a growing share of international sales.

The most significant corporate event in Chery's history occurred on September 25, 2025, when the company listed on the Main Board of the Hong Kong Stock Exchange under stock code 9973. The IPO was the largest auto IPO in Hong Kong for 2025. In January 2025, prior to the listing, an equity transfer was carried out by Chery Holding, under which shares of the company directly held by Chery Holding were transferred to the shareholders of Chery Holding on a pro rata basis. Upon completion of the equity transfer on January 20, 2025, Chery Automobile had no holding company above it.

For FY2025, Chery reported record results across five metrics: revenue, total sales, new energy vehicle sales, exports, and quality. Revenue crossed RMB 300 billion for the first time. NEV sales surged 72.5% to approximately 826,500 units, with NEV revenue jumping 66.3% to RMB 98.0 billion, accounting for nearly one-third of total sales. In Q1 2026, the company reported revenue of RMB 65.9 billion and net profit of RMB 4.3 billion.

Through May 2026, Chery's cumulative sales reached 1.034 million units, up 7.5% year over year, with NEV sales of 89,340 units in May alone and export volume of 177,666 units.

Chery Automobile has set net-zero targets as part of its ESG strategy, with commitments to reduce carbon emissions across its manufacturing operations. The company reports on environmental performance through its annual ESG disclosures, which include metrics on energy consumption, emissions, waste management, and water use at its production facilities.

The company's primary sustainability contribution is its investment in new energy vehicles. NEV sales reached 826,500 units in 2025, and NEV revenue accounted for 32.7% of total sales. Chery has invested in battery technology, electric powertrains, and charging infrastructure through its iCar and Luxeed brands. The company has also implemented low-aluminum die-casting and other manufacturing process improvements to reduce the carbon footprint of vehicle production.

In workforce safety, Chery reported a lost-time injury frequency of 0.12 per million working hours in 2025, with no occupational diseases reported. Average training time in China reached 55.90 hours per employee, with total training spend of RMB 32.27 million. The company's global headcount of 70,103 includes R&D staff making up 54% of non-production employees.

Chery is not a Certified B Corporation. The company has not disclosed RSPO membership or Leaping Bunny certification, as these are not material to its automotive manufacturing business. Its sustainability reporting is primarily self-reported through annual ESG reports and Hong Kong Stock Exchange disclosures, not independently verified by third-party environmental certifications.

Chery received the Altair Enlighten Award for its lightweight vehicle design and manufacturing innovations. The company has also been recognized by the China Association of Automobile Manufacturers as the country's top passenger vehicle exporter for 23 consecutive years.

In 2025, Chery's Hong Kong Stock Exchange listing was recognized as the largest auto IPO in Hong Kong for the year. The company's five historic breakthroughs in revenue, total sales, NEV sales, exports, and quality were noted in its annual results announcement.

These recognitions are based on industry data and stock exchange records, not self-awarded marketing claims.

Chery faces ongoing regulatory scrutiny related to international trade and market access. The European Union imposed tariffs on Chinese-made electric vehicles in 2024, which affect Chery's export pricing and competitiveness in European markets. The company has responded by planning local production in Spain and expanding into non-EU markets.

As a Chinese state-backed company listed in Hong Kong, Chery is subject to regulatory oversight from both PRC regulators and the Hong Kong Securities and Futures Commission. The company must comply with Hong Kong Stock Exchange listing rules, including disclosure requirements for related party transactions and material events. Its state ownership background draws scrutiny from Western regulators concerned about government subsidies and fair competition.

The automotive industry in China is highly regulated, with government policies on NEV quotas, emissions standards, and manufacturing licenses. Chery must navigate these regulations while also complying with safety and environmental standards in its 80-plus export markets. Product safety and quality control are ongoing regulatory requirements across all jurisdictions.

No specific product recalls, safety scandals, or regulatory fines have been publicly reported for Chery in 2025 or 2026. The company has not faced antitrust action or major litigation that has been disclosed in its public filings.