Chery Auto Listed on HKEX: Backed by Cornerstone Patrons, Twin Drivers of Current Energy and Globalization Urge Remark

HONG KONG, Sep 25, 2025 – (ACN Newswire) – The Hong Kong stock market has endured its recovery pattern since the starting of the year, with IPO market last sturdy. On September 25, Chery Automobile Co., Ltd. (“Chery Auto,” stock code: 9973.HK), a leading Chinese language honest passenger vehicle impress, became once officially listed on the HKEX, marking one in every of primarily the most indispensable dapper-scale IPOs of the year.

On this IPO, Chery Auto attracted cornerstone investments totaling roughly US$587 million from over ten institutions, including Hillhouse, Greenwoods, Huangshan Building Funding, Nexchip, Horizon Robotics, Dajia Lifestyles, Martis Fund, Gotion HK, Hefei Jianhui, PSBC Wealth, and Xingyu Co., Ltd. The participation of successfully-identified institutions, players across the commercial chain, and local executive entities underscores the market’s confidence in Chery Auto’s lengthy-time frame train seemingly and highlights its pivotal relate interior the auto alternate chain. The trusty alignment of a pair of stakeholders no longer most effective safeguards Chery Auto’s profitable itemizing however furthermore builds a broader collaborative ecosystem for its future commercial enlargement.

Twin Level of curiosity on ICE and NEV to Rob Alternatives in Change Transformation

Chery Auto started off with interior combustion engine (ICE) vehicles and has constructed trusty competitive barriers in the unprecedented powertrain phase, underpinned by entire system capabilities and deep technological journey. This has laid a solid foundation for its subsequent varied pattern. Leveraging its developed technological energy, Chery Auto has developed classic ICE product lines equivalent to Tiggo and Arrizo. In 2024, gross sales volume of ICE vehicles rose by bigger than 29% year-on-year, serving as a key “ballast” for the Firm’s performance.

Whereas consolidating its strengths in ICE vehicles, Chery Auto has furthermore known the world alternate traits of “electrification and intelligentization”. With a core technique of “in-dwelling R&D + grief-based mostly utility”, the Firm has established a differentiated competitive edge in new vitality and tidy mobility. On the present time, it has constructed a fleshy-spectrum powertrain portfolio covering “pure electrical + hybrid + vary-extender” devices, achieving trusty synergy and complementarity with its ICE commercial and using continuous enhancement of its impress worth.

In hybrid sector, Chery Auto’s independently developed ACTECO 1.5TGDI hybrid engine is the principle vary-extender electrical vehicle engine in China to get the “Top class Pressure” certification from the China Car Abilities and Be taught Center. With a most thermal efficiency of 44.5%, it surpasses the alternate reasonable of round 40% for hybrid engines in Chinese language-impress passenger vehicles. In pure electrical sector, the E0X platform-based mostly LUXEED R7, geared up with an 800V “Enormous Whale” excessive voltage battery platform, achieves a recharge as much as 200 km interior 5 minutes. In January 2025, it topped the gross sales chart for battery electrical mid-to-dapper SUVs in China, demonstrating trusty competitiveness in the pure electrical sector. Additionally, the Firm specializes in “shopper journey implementation” by constructing the “Lion Luminous Cockpit” system and using aid system, additional making improvements to product competitiveness. In 2024, the Firm’s new vitality vehicle gross sales surged by 267.4% year-on-year, ranking first among the world prime 20 passenger vehicle corporations.

Deepening Global Presence to Release Current Remark Alternatives

Because the leading exporter of Chinese language home impress passenger vehicle, Chery Auto has established a entire world community for R&D, manufacturing, and gross sales since its first export in 2001, environment a benchmark for Chinese language home producers “going world”. In relation to the gross sales community layout, the Firm’s merchandise will seemingly be found in in over 100 worldwide locations and regions. As of 31 March 2025, Chery Auto boasts 1,092 in a international nation distributors across Asia (with the exception of China), Europe, Africa, Oceania, and the Americas, with a full of 2,958 in a international nation gross sales outlets. It has maintained the tip relate in Chinese language home impress passenger vehicle for 22 consecutive years since 2003. In 2024, Chery Auto’s in a international nation gross sales surged by 37.4% year-on-year, producing in a international nation earnings of RMB97.87 billion, accounting for 39.7% of its full earnings.

From a regional standpoint, Chery Auto has secured leading positions in a pair of key in a international nation markets. In 2024, the Firm ranked first in gross sales among Chinese language home impress passenger vehicle corporations in Europe, South America, and the Center East & North Africa location. In North America and Asia (with the exception of China), it ranked 2d in gross sales among its Chinese language peers. According to Frost & Sullivan, the Tiggo 7 became once the true-selling passenger vehicle model among Chinese language home impress passenger vehicle in the case of export volume in 2024. Within the premium phase, the EXEED impress ranked first in export volume among Chinese language home premium automobile producers.

Leveraging its present world foundation, Chery Auto plans to additional toughen its in a international nation approach through this itemizing on the HKEX. According to the prospectus, the Firm intends to allocate 20% of the proceeds from the IPO to in a international nation market enlargement. On the manufacturing front, Chery Auto will build new manufacturing companies in Southeast Asian worldwide locations adore Vietnam and Malaysia, while expanding present in a international nation factories to toughen localized manufacturing capabilities. In R&D, it’ll toughen its presence in Europe, Southeast Asia, and North America, focusing on constructing new vitality vehicles and tidy using applied sciences tailored to local markets. For gross sales channels, Chery Auto will additional densify its world gross sales and restore community. The implementation of these initiatives is anticipated to liberate most critical new train opportunities for the Firm.

From its humble beginnings in a “small thatched shed” in 1997 to its most fashioned relate among the Fortune Global 500, Chery Auto has repeatedly led the alternate with a pioneering spirit that dares to place of living conventions. This itemizing on the HKEX marks the starting of a brand new phase of capital empowerment, bringing bigger possibilities for advancing its new vitality approach and expanding into in a international nation markets. Looking ahead, with continuous iterations in new vitality and intellectual merchandise and the additional enlargement of its world community, Chery Auto is successfully positioned to preserve its excessive-quality train trajectory and save every performance and worth enhancement.

Subject: Press open summary

Sectors: Car

http://www.acnnewswire.com

From the Asia Company Info Network

Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Company Info Network.