July 22, 2025 (Hefei) — Speaking at Anhui Province’s High-Quality Development Conference for Technology-Oriented Export Enterprises, Chery Holding Group Chairman Yin Tongyue announced ambitious plans to break into the global automaker top 10 this year. The automaker reported record H1 results with USD $38.5 billion (RMB 280.5 billion) revenue (+38.3% YoY), including 550,300 exports (maintaining China’s #1 exporter status) and 359,000 NEV sales (+98.6% YoY).
KEY FACTS:
• Unprecedented Scale: Needs to sell 2M vehicles in H2 (33,000+/month) to reach annual 3.3M target – matching Stellantis’ 2024 global volume
• Revenue Sprint: Requires USD 82B+ full-year goal
• Tech-Driven Growth: “4G” strategy focuses on Globalization (44% export mix), BEV/PHEV development (28% of sales), AI integration, and sustainable manufacturing
• Policy Alignment: Announcement at provincial tech summit underscores government support for Anhui’s automotive ambitions
EDITOR’S NOTE
Chery’s export drive mirrors China’s automotive rise, but its 9.5% NEV mix flags an electrification deficit against leaders like BYD (nearly 40%). The staggering 3.3 million unit sales target, akin to BMW’s 2024 global volume, positions Chery to become China’s first genuine global volume OEM – a game-changer for the industry.
