1—9月同比增长77.1%，新能源驶入快车道！奇瑞何以成为“新实力”标杆？

Core Insights - Chery continues to experience high-quality growth after successfully entering the capital market, with a strong focus on new energy vehicles as a key growth driver [2][12] Sales Performance - In September, Chery sold 280,500 vehicles, a year-on-year increase of 14.7%, with new energy vehicles contributing 91,600 units, up 55.4% [3] - For the first nine months, Chery's total vehicle sales reached 2,007,768 units, a 14.5% increase, and new energy vehicle sales reached 587,545 units, growing by 77.1% [3][4] - Chery's exports totaled 936,428 units, a 12.9% increase, maintaining its position as the top exporter of Chinese automobiles [3] Revenue Growth - In the first half of the year, Chery's revenue from new energy vehicles was 36.194 billion yuan, a staggering increase of 141.9%, with sales reaching 359,000 units, up 98.6% [4][5] - The growth rate of Chery's new energy vehicles is 2.4 times the overall growth rate of the Chinese new energy vehicle market, which was 40.3% [4] Technological Advancements - Chery's technological capabilities are a significant factor in its growth, with the Kunpeng Tianqing hybrid engine achieving a thermal efficiency of over 48% [6] - The self-developed three-electric system provides a competitive edge, with features such as rapid torque output and a battery system designed for high safety and longevity [6][7] Product Strategy - Chery has effectively positioned its products across various market segments, with significant sales in both high-end and mass markets [9] - The launch of new models, particularly in the new energy segment, has contributed to a continuous upgrade in sales structure [10] Global Expansion - Chery's strong growth in the new energy sector has become a core component of its globalization strategy, with exports accounting for 44% of total sales in the first half of the year [11] - The company has achieved significant milestones in exports, including being the first Chinese brand to exceed 5 million cumulative exports [11] Future Outlook - Chery's recent listing on the Hong Kong Stock Exchange raised 9.145 billion HKD, with 60% allocated for new energy product development and technological upgrades, indicating a commitment to future growth [11][12]