奇瑞汽车IPO廿一年终登陆港交所，IDG资本智慧出行投资版图再迎上市新企

Core Viewpoint - Chery Automobile is set to go public on the Hong Kong Stock Exchange on September 25, 2025, with an IPO that could raise approximately HKD 9.145 billion, making it the largest IPO of a car company in Hong Kong for 2025 [2] Group 1: Company Overview - Founded in 1997, Chery has become the second-largest independent passenger car brand in China and the eleventh-largest globally, based on projected 2024 sales [2] - Chery is the only company among the top twenty global passenger car manufacturers to achieve over 25% growth in sales across electric vehicles, fuel vehicles, and both domestic and overseas markets from 2023 to 2024 [2] Group 2: International Expansion - Chery has been exporting vehicles since 2001, with sales in over 100 countries and regions, totaling over 13 million units sold globally [3] - The company has maintained its position as the top exporter of independent brand passenger cars in China for 22 consecutive years since 2003 [3] - In 2024, Chery ranked first among Chinese independent brands in sales in Europe, South America, and the Middle East and North Africa, and second in North America and Asia (excluding China) [3] Group 3: New Energy and Technology Strategy - Chery's new energy vehicle sales exceeded 580,000 units in 2024, marking a year-on-year increase of 232.7% [3] - In Q1 2025, Chery continued its rapid growth with new energy vehicle sales of 163,500 units, up 171.8% year-on-year [3] - The company is pursuing a multi-technology route for its new energy strategy, maintaining its core competencies in fuel vehicle engines while actively transitioning to electric vehicles [3] Group 4: Investment and Support - IDG Capital has made significant investments in Chery in 2023 and early 2024, focusing on international technology cooperation, market expansion, and capital structure optimization [4] - IDG Capital has a long history in the automotive industry and has supported numerous innovative companies in the mobility sector, including Xpeng, NIO, and Pony.ai [4][5] - The firm aims to drive technological iteration and industry integration, positioning itself as a key enabler in the evolving smart mobility landscape [5]