Chinese automotive manufacturer Chery is poised to become the first carmaker in China’s auto industry to exceed five million cumulative vehicle exports, according to Chairman Yin Tongyue. The milestone is expected to be reached around June 20, as announced at the 2025 International Automotive and Supply Chain Expo in Hong Kong on June 12.
This year marks Chery’s debut at the Hong Kong Auto Expo, where the company unveiled 12 new energy vehicles (NEVs) across seven sub-brands, Chery, Exeed, Jetour, iCAR, Luxeed, Omoda, and Jaecoo, catering to diverse market segments from urban commuting to rugged off-road use. Chery also confirmed plans to officially enter the Hong Kong market later in 2025.
Between January and May 2025, Chery Group sold 1,026,517 vehicles, representing a 14% year-on-year increase. NEV sales soared by 111.5% to 287,798 units during the same period, while exports totalled 443,940 units, highlighting Chery’s continued dominance in China’s vehicle export market. Currently, one Chery vehicle is shipped overseas approximately every 29 seconds.
In May alone, the group sold 205,732 vehicles, up 9.1% from a year earlier, including 191,567 units by Chery Automobile. NEV sales reached 63,169 units, a 47.7% rise, and exports stood at 100,737 units, up 7.7%. Chery’s global user base has now surpassed 16.7 million, including more than 4.94 million overseas users.
Chery is also advancing its global expansion through financial and industrial initiatives. Earlier in 2025, it submitted a listing application to the Hong Kong Stock Exchange, intending to position Hong Kong as a strategic base for finance, logistics, innovation, and talent. The company is also considering establishing a local manufacturing base to support its international production plans.
For the first three quarters of 2024, Chery reported revenue of 182.15 billion yuan (approx $25.1 billion) and net profit of 11.31 billion yuan (approx $1.56 billion). At the expo, Chery showcased its latest technological innovations, including the high-efficiency Kunpeng Tianqing engine, a 30,000 rpm high-speed electric motor, and smart technologies like the Mogu robot.
Executives stated that funds raised from the planned IPO would be channelled into new energy vehicle research and development, as well as overseas market expansion, reinforcing Chery’s commitment to long-term, innovation-led growth.
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