Chery Automobile

Who owns Chery Automobile?

Chery Automobile is a state-owned company owned by the Anhui provincial government and various state-owned investment entities. The company operates as a state-owned corporation while maintaining operational autonomy and business independence. Chery made its debut on the Hong Kong Stock Exchange in 2025, providing access to capital markets while maintaining state ownership.

Is Chery publicly traded?

Yes, Chery Automobile is publicly traded on the Hong Kong Stock Exchange under ticker symbol 9973. The company made its debut on the Hong Kong Stock Exchange's main board in September 2025, marking the largest auto IPO in Hong Kong for 2025 while maintaining its state-owned status.

What brands does Chery own?

Chery owns multiple brands including Chery (main domestic brand), Jetour (family vehicles), Exeed (premium positioning), OMODA (international markets), Jaecoo (European-focused), and Lepas (export-only brand). Each brand targets different market segments and geographic regions.

Does Chery still make affordable vehicles?

Yes, Chery's core business strategy focuses on producing affordable and practical vehicles for mainstream consumers. The company's emphasis on affordability without compromising quality has been a key factor in its market success and competitive positioning both domestically and internationally.

What is Chery's market position in automotive?

Chery is one of China's leading independent automobile manufacturers and China's top car exporter. The company maintains strong positions in the Chinese domestic market and is expanding globally, with particular strength in the affordable vehicle segment and growing presence in international markets through its multi-brand strategy.

Chery Automobile was founded in 1997 in Wuhu, China, as one of China's first independent automobile manufacturers. The company was established by the Anhui provincial government to create a competitive domestic automaker that could challenge established state-owned automotive giants and serve growing consumer demand for affordable vehicles in the Chinese market.

Throughout the 2000s and 2010s, Chery expanded its product portfolio and manufacturing capabilities, establishing itself as a leading Chinese independent automaker. The company focused on developing affordable vehicles with quality features that appealed to mainstream Chinese consumers, gradually building market share and brand recognition.

Chery's international expansion began in the early 2000s with strategic partnerships and market entries in developing countries. The company established manufacturing operations in Brazil and Russia, creating local production capacity that supported its global expansion strategy and reduced import barriers in key markets.

In recent years, Chery has accelerated its brand diversification with the launch of OMODA for international markets, Jetour for family vehicles, Exeed for premium positioning, and Jaecoo for European markets. The company has also invested heavily in new energy vehicle development, launching electric and hybrid models across its brand portfolio.

The company's 2025 Hong Kong Stock Exchange debut marked a significant milestone in Chery's development, providing international capital for continued expansion and signaling confidence in the company's global growth prospects. Chery has achieved the position of China's top car exporter, demonstrating its competitive strength in international markets.

Chery Automobile has implemented comprehensive sustainability initiatives focused on environmental responsibility, ethical business practices, and social responsibility across its automotive manufacturing operations. The company recognizes its role in the global automotive industry's transition to sustainable mobility and is committed to reducing its environmental footprint while maintaining competitive performance.

The company has invested significantly in new energy vehicle development, launching electric and hybrid models across its brand portfolio. Chery's sustainability strategy includes ambitious targets for carbon reduction through NEV adoption and manufacturing process improvements. The company has implemented energy-efficient manufacturing practices and renewable energy initiatives across its production facilities.

Chery maintains comprehensive environmental compliance programs for automotive manufacturing, ensuring adherence to all regulatory requirements for emissions, waste management, and environmental protection. The company has implemented water conservation measures and waste reduction programs across its manufacturing operations.

In ethical business practices, Chery maintains strong compliance programs for automotive industry regulations, anti-corruption policies, and supply chain integrity. The company's ethical framework includes supplier responsibility programs, employee training initiatives, and community engagement activities focused on education and environmental awareness.

Chery participates in industry sustainability initiatives and collaborates with technology partners to advance environmental performance across the automotive sector. The company's sustainability reporting includes progress metrics on environmental initiatives, energy efficiency improvements, and waste reduction programs across its operations.

Chery Automobile has received recognition for its automotive excellence, innovation, and international business success:

• China Top Car Exporter: Multiple years of recognition as China's leading automobile exporter
• Hong Kong Stock Exchange IPO: Recognition for the largest auto IPO in Hong Kong for 2025
• Automotive Innovation Awards: Recognition for vehicle design and technology innovation
• Quality Excellence Awards: Recognition for manufacturing quality and vehicle reliability
• International Business Awards: Recognition for global expansion and market entry success
• Environmental Leadership: Recognition for sustainability initiatives and NEV development
• Customer Satisfaction Awards: Recognition for vehicle quality and after-sales service
• Technology Innovation: Recognition for automotive technology and R&D achievements

These awards reflect Chery's commitment to automotive excellence, innovation, and responsible business practices while maintaining its position as a leading Chinese automobile manufacturer with expanding global presence.