Core Insights - Chery held the 2025 Global Innovation Conference in Wuhu, showcasing its latest achievements in electrification, connectivity, intelligence, and sharing, emphasizing its global competitiveness and future vision driven by innovation [1][6]. Group 1: Event Overview - The conference featured prominent guests, including academicians from various international institutions, leaders from automotive associations, and executives from industry partners [3]. - Chery aims to establish itself as a global high-tech ecological group that is favored and trusted by users [4]. Group 2: Achievements and Market Position - Chery reported significant historical breakthroughs in five areas: sales scale, new energy, exports, brand recognition, and capital market performance, with over 17.72 million global users, including more than 5.43 million overseas users [6]. - The company emphasizes sustainable globalization, focusing on user affordability, reliable quality, and sustainable development to reshape the image of Chinese automobiles [8]. Group 3: Technological Innovations - Chery introduced its "Yaoguang" technology strategy, which encompasses five major technological fields, including electrification and AI, aiming to enhance its global innovation system [13][14]. - Key technological advancements include the launch of the Kunpeng Tianqing engine with a 48% thermal efficiency, surpassing the industry standard of 38%-45% [16]. - The company unveiled the Flying Fish chassis and the Ark amphibious system, showcasing innovations in electric drive and safety technology [18][28]. Group 4: Global Expansion and R&D - Chery plans to establish 26 overseas R&D centers in the coming years to enhance local market competitiveness and meet regulatory requirements [32]. - The newly established Global Technology Innovation Center will include multiple overseas research institutes, aiming to create a collaborative innovation network with over 30,000 R&D personnel [34].

Core Viewpoint - Chery's Chairman Yin Tongyue announced a "Global Innovation Declaration" at the 2025 Chery Global Innovation Conference, emphasizing the need for a comprehensive transformation into a "global high-tech ecological group" through three innovation systems: technology, culture, and management [1]. Group 1: Globalization Challenges - Yin highlighted common challenges faced by Chinese automotive brands overseas, including issues of "technical adaptability" (37% of complaints), "emergency support deficiencies" (29%), and "localization inadequacies," which are damaging brand reputation [4]. - Chery aims to upgrade from "product export" to "technology export," ensuring that its technology standards and quality can withstand scrutiny in over 120 global markets [4]. Group 2: Market Position and Sales - Chery has established a market presence across major regions, including Asia (excluding China), Europe, Africa, Oceania, and the Americas, achieving competitive advantages [4]. - In 2024, Chery ranked first among Chinese independent passenger car brands in sales in Europe, South America, the Middle East, and North Africa, with models like the Tiggo 5x and Tiggo 7 becoming market benchmarks [4]. - Chery's overseas revenue now accounts for nearly 50% of its total revenue [4]. Group 3: Technological Innovation - Chery's innovation system includes over 300 internal "Yaoguang laboratories" tackling more than 500 short-term projects and external "Kaiyang laboratories" collaborating with 100 top global universities on 1779 technology projects [7]. - The company has developed several groundbreaking technologies, including a new AI smart vehicle architecture, Rhino battery, axial flux vector dual motors, and L4-level autonomous driving, among others [7]. - Chery has established a global database of 12,000 real accidents and created over 100 corporate standards that exceed national standards, achieving 54 models with global five-star safety ratings [10]. Group 4: Cultural and Management Innovations - To address innovation risks, Chery has implemented a "shared results, I bear the risks" cultural mechanism, incentivizing project success with equity rewards while absorbing losses from failures [12]. - Chery emphasizes that "quality is more important than sales, and innovation is more important than profit," aligning its governance with the standards of Fortune 500 companies to enhance global operational capabilities [12]. - The company aims for its overseas workforce and revenue share to significantly exceed domestic levels, striving to become a globally trusted high-tech ecological group [12].

Core Insights - The article discusses the challenges faced by Chinese electric vehicle (EV) manufacturers in international markets, particularly issues related to technology adaptation, emergency support, and localization, which are affecting brand reputation [2][10] - Chery aims to transition from "product export" to "technology export" by establishing a robust innovation system to meet global standards across over 120 markets [2][7] - Chery's overseas revenue is approaching 50%, with significant market presence in Europe, South America, the Middle East, and North Africa, where it leads among Chinese brands in passenger vehicle sales [2][10] Innovation Systems - Chery has developed a comprehensive innovation framework consisting of three main systems: technology, culture, and management, to support its transformation into a global high-tech ecological group [7][12] - The company operates over 300 internal "Yaoguang laboratories" and collaborates with 100 top global universities through the "Kaiyang laboratory" network, focusing on 1779 technical projects [5][6] - Chery has established a global database of 12,000 real accident cases and has created over 100 enterprise standards that exceed national benchmarks, ensuring safety as a foundational aspect of its technology [10] Market Strategy - Chery's strategy emphasizes quality over quantity, with a commitment to achieving world-class standards in product safety and innovation, aiming for a significant increase in overseas workforce and revenue [12][13] - The company has introduced a risk-sharing culture to encourage innovation, where successful projects can lead to equity rewards, while losses are absorbed by Chery [12] - Chery's vehicles have received global five-star safety ratings, with 54 models achieving this status, reinforcing its commitment to safety and quality [10]

Core Insights - The 2025 Chery Global Innovation Conference commenced in Wuhu, Anhui, showcasing Chery's latest achievements in electrification, connectivity, intelligence, and sharing, emphasizing innovation as the driving force for brand advancement and global ecosystem connectivity [1][3][15] Group 1: Event Overview - The conference featured prominent figures including academicians from various international institutions, industry leaders, and government officials, highlighting a collaborative effort towards technological globalization [3][4] - Chery's Chairman, Yin Tongyue, emphasized the importance of sustainable growth and building a new image for Chinese automobiles through innovation and user-centric approaches [4][6] Group 2: Technological Advancements - Chery has achieved significant milestones in sales, new energy vehicles, exports, brand recognition, and capital markets, with over 17.72 million global users, including more than 5.43 million overseas [4][10] - The company introduced the Kunpeng Tianqing engine, boasting a thermal efficiency of 48%, which is a significant advancement compared to the industry standard of 38% to 45% [10][12] Group 3: Innovation Strategy - Chery's "Yaoguang" strategy aims to drive the company from internationalization to globalization, establishing a comprehensive technical innovation system [8][13] - The company plans to set up 26 overseas R&D centers in the coming years to enhance local market competitiveness and meet regulatory requirements [13][15] Group 4: Future Vision - The conference served as a platform for Chery to present its technological philosophy and achievements, aiming to transform into a global technology company and enhance the global presence of Chinese automotive brands [15]

Core Viewpoint - Chery Automobile aims to establish a global innovation system to drive its transformation into a high-tech ecological group that is trusted and loved by users worldwide, enhancing the image of Chinese automotive brands in the global market [1][2]. Group 1: Global Challenges and Sustainable Development - Chery's chairman, Yin Tongyue, highlighted the increasing presence of Chinese cars, especially electric vehicles, in international markets, while acknowledging the challenges faced by some companies, such as quality issues and localization problems [2]. - The company emphasizes that globalization should focus on sustainable development rather than just scale and speed, aiming to create a new image of "safe, reliable, and high-end" Chinese automobiles [2]. Group 2: Three Innovation Systems - Chery has developed a global innovation ecosystem consisting of three core systems: technological innovation, cultural innovation, and management innovation, which work together to support its transformation [3]. - The technological innovation system is central to Chery's strategy, leveraging its market presence in over 120 countries to conduct global technology scanning and local development [3][4]. Group 3: Technological Advancements - Chery operates over 300 "Yaoguang Laboratories" focusing on significant technological challenges and collaborates with more than 100 top global universities through its "Kaiyang Laboratory" cluster [4]. - The company has established a comprehensive safety database and has developed over 100 safety standards, with 54 models achieving a five-star safety rating globally, showcasing its commitment to safety [4]. Group 4: Cultural and Management Innovation - Chery fosters a culture that encourages innovation and tolerates failure, providing support for global talent through flexible cooperation mechanisms [5]. - The management innovation system focuses on enhancing global operational capabilities, prioritizing quality over sales and innovation over profit, reflecting a deep-rooted awareness of quality and brand importance [5][6]. Group 5: Global Market Strategy - Chery is on a path to globalize its capital market operations, with nearly half of its revenue coming from overseas markets, and aims to enhance its governance and operational standards to align with global top companies [6]. - The company invites global innovators and experts to collaborate in its "Kaiyang Laboratory" and innovation alliance, aiming for mutual growth and success [6].