Core Viewpoint - Chery Group has achieved significant growth in automotive sales, particularly in the new energy vehicle (NEV) sector, with a commitment to long-term strategies in innovation and globalization [2][5][12]. Sales Performance - In the first eleven months of 2025, Chery Group's total vehicle sales increased by 11.1% year-on-year to 2.562 million units, with exports rising by 14.7% to approximately 1.2 million units and NEV sales surging by 69.4% to 815,000 units [2][12]. - In November 2025 alone, NEV sales reached 117,000 units, marking a 50.1% year-on-year increase and achieving a historic high [12]. Globalization Strategy - Chery Group has maintained its position as the leading Chinese automotive exporter, with exports in November 2025 growing by 30.3% to 137,000 units, achieving over 100,000 units in monthly exports for seven consecutive months [6][10]. - The company is transitioning from "product export" to "brand export" through a global strategy that emphasizes local integration [6][10]. Product Development and Innovation - Chery Group has launched several new NEV models, including the Starway ET5 and Wind Cloud A9L, contributing to the formation of a strong product matrix [12][14]. - The company has received multiple international safety ratings, with 55 models achieving a global five-star safety rating, enhancing its credibility in high-standard markets [9][10]. Intelligent Technology and Ecosystem - Chery Group is advancing in intelligent technology, with significant breakthroughs in smart driving, AI models, and intelligent cabins, recognized by awards such as the "World's Top Ten Smart Cars" for the Starway ET5 [15][18]. - The company is also expanding into the robotics sector, with its humanoid robot "Mo Yin" achieving global delivery, aiming for sales of over 40,000 units by 2030 [18]. User-Centric Ecosystem - Chery Group is focusing on creating a "people-car-home" ecosystem, enhancing user engagement through co-creation initiatives that involve over 500,000 users in product development [23][24]. - The company aims to deepen its value proposition by providing comprehensive ecological services throughout the user journey, transitioning users from participants to co-creators [25].

Core Insights - Chery Automobile has achieved a significant milestone in the electric vehicle market, with monthly sales of new energy vehicles surpassing 110,000 units for the first time in October, following previous months of over 90,000 and 100,000 units [1][5] - The company has transitioned from a "single combat" approach to a "matrix development" strategy, with multiple successful models contributing to its sales growth [3][6] - Chery's strong performance is attributed to a robust lineup of popular models, including the Fengyun A9L, Fengyun T11, and Zongheng G700, which have collectively driven sales [6][5] Sales Performance - The Fengyun A9L has maintained sales of over 10,000 units for three consecutive months, while the Fengyun T11 received 38,000 orders within 24 hours of its launch [3][5] - The iCAR brand sold 12,393 units in October, totaling 79,023 units from January to October, while the high-end brand Zhijie sold 12,810 units in October, with a cumulative total of 70,587 units [5] - The Zhijie R7 has surpassed 100,000 units in cumulative deliveries since its launch [5] Technological Advancements - Chery has a long history of investment in hybrid technology, starting its research in 2001, and plans to launch 39 hybrid models by 2025 [6][7] - The company is advancing in battery technology, with the introduction of the Rhino S solid-state battery module, which boasts an energy density of 600 Wh/kg and a range of 1,200-1,300 kilometers [6] - Chery's commitment to safety is evident in the design of the Fengyun T11, which features a high-strength steel-aluminum alloy body and exceeds national safety standards [8][9] Global Expansion - Chery has exported 1.06 million vehicles from January to October, marking a 12.9% year-on-year increase, and has become the fastest Chinese automotive group to reach this milestone [13] - In the European market, Chery sold over 170,000 vehicles in the first ten months, reflecting a 2.4-fold increase year-on-year, and has established localized production [13] - The company's global strategy emphasizes local market adaptation, supported by a diverse team of over 1,000 designers across ten design centers worldwide [9][11] Future Outlook - The launch of the Fengyun T11 has generated ongoing orders, indicating strong market interest and potential for continued growth [14] - Chery's long-term strategy focuses on building systemic capabilities rather than seeking immediate recognition, positioning the company for sustained value creation in the electric vehicle sector [14]

Core Viewpoint - Chery Automobile has embarked on a new journey of globalization in the capital market, aiming to enhance corporate governance and operational standards to meet the criteria of Fortune Global 500 companies and globally listed firms [1] Group 1: Globalization and Innovation - Chery's recent IPO on the Hong Kong Stock Exchange marks the largest IPO of a car company in Hong Kong this year, showcasing its technological reserves and transition towards a global high-tech ecological group [1] - The company has introduced a global innovation system, which includes three core systems: technological innovation, cultural innovation, and management innovation, with technological innovation being the most critical [3][4] - Chery has established over 300 internal "Yaoguang Laboratories" and an external "Kaiyang Laboratory" cluster to support technological breakthroughs and focus on industry-academia-research collaboration [4] Group 2: Market Performance and Future Plans - In the first three quarters of this year, Chery exported 936,000 vehicles, representing a year-on-year increase of 12.9%, with overseas market revenue approaching 50% of total revenue [6] - The company plans to establish 26 overseas research and development centers in the coming years to support its growth in international markets [6] - Chery's chairman emphasized the importance of establishing a new image of Chinese automobiles as "safe, reliable, and high-end," prioritizing quality over sales and innovation over profit [7]

Core Insights - Chery's recent Global Innovation Conference showcased advancements in electrification, connectivity, intelligence, and sharing [2] - The company acknowledges challenges faced by Chinese automotive brands in international markets, emphasizing the need for sustainable growth and a reliable image [2][3] - Chery aims to establish a global innovation system to enhance technology, standards, and user experience, ensuring competitiveness in diverse markets [3] Group 1: Global Expansion and Challenges - Chery's chairman expressed pride in the increasing presence of Chinese electric vehicles abroad but highlighted issues such as brand adaptation and quality concerns [2] - The company recognizes that globalization should focus on sustainable practices rather than just scale and speed [2][3] Group 2: Innovation and Technology Development - Chery has developed a closed-loop innovation mechanism through the Kaiyang Laboratory, facilitating the transition from research to market-ready products [4] - The company plans to launch over 10 leading technologies, including the Flying Fish chassis and Kunpeng engine, to strengthen its global technological influence [4][5] Group 3: Future Plans and Local Adaptation - Chery intends to establish 26 overseas R&D centers in the coming years to enhance local market competitiveness and meet regulatory requirements [5] - The company has built a global innovation network with over 30,000 R&D personnel and 28 chief scientists to address diverse driving conditions worldwide [5]

Core Viewpoint - Chery Automobile is transitioning from a traditional car manufacturer to a global high-tech ecological group, emphasizing the importance of a sustainable internationalization strategy and a global innovation system [2][3][19]. Group 1: Global Innovation System - Chery's global innovation system is built on three core pillars: technological innovation, cultural innovation, and management innovation, which collectively support its transformation [6]. - The technological innovation system includes a global R&D layout and a "technology shelf" strategy, enabling localized development and validation across over 120 countries [6][7]. - Chery's "technology shelf" showcases cutting-edge technologies such as AI intelligent architecture, advanced battery systems, and L4 autonomous driving, all of which have undergone rigorous safety validation [7][14][15]. Group 2: Cultural and Management Innovation - Chery fosters a culture that encourages innovation, tolerates failure, and values practical results, attracting top global talent to support its technological advancements [8]. - The management innovation system prioritizes quality over sales and innovation over profit, aiming to build a world-class brand [8][19]. Group 3: Global Market Performance - In the first nine months of the year, Chery sold 2.0078 million vehicles, a 14.5% increase year-on-year, with 936,400 units exported, leading the Chinese automotive export market [18]. - Chery's sales in the European market saw a significant increase, with a year-on-year growth of over 200% [18]. Group 4: Future Direction - Chery aims to become a local corporate citizen in international markets by adhering to deep localization and value-sharing principles, establishing multiple overseas R&D centers to enhance local market competitiveness [16]. - The company is committed to a global collaborative innovation network, providing "Chinese innovative solutions" to the global automotive industry [18][19].

Core Insights - The 2025 Chery Global Innovation Conference, themed "Innovation Leading the World," showcases Chery's latest achievements in electrification, connectivity, intelligence, and sharing, emphasizing innovation as a driving force for brand advancement and global ecosystem connectivity [1][3][15] Group 1: Event Overview - The conference features prominent figures from academia and industry, including Chinese and foreign academicians, university leaders, and executives from various organizations, highlighting the collaborative spirit of innovation [3] - Chery's Chairman, Yin Tongyue, emphasizes the importance of sustainable globalization, focusing on user affordability, quality, and a new image for Chinese automobiles [4][5] Group 2: Technological Advancements - Chery has achieved significant 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 [4] - The company has developed a global technology innovation system, transitioning from an "explorer" to a "leader" in global new energy, with plans to release over ten leading technologies, including the Kunpeng engine with a 48% thermal efficiency [6][8][12] Group 3: Collaborative Innovation - The establishment of the Kaiyang Laboratory and the signing of strategic alliances aim to enhance the efficiency of transforming research outcomes into market competitiveness [5][13] - Chery plans to set up 26 overseas R&D centers to strengthen local market competitiveness and develop products tailored to local user needs [13] Group 4: Future Vision - The conference serves as a platform for Chery to present its technological philosophy and achievements, aiming to accelerate its transformation into a global technology company and enhance the global presence of Chinese automotive brands [15]

Core Viewpoint - Chery Automobile is transforming into a global high-tech ecological group, focusing on innovation in electrification, connectivity, intelligence, and sharing, as highlighted at the 2025 Chery Global Innovation Conference [1] Group 1: Technological Advancements - Chery has invested 28 years in core technology development, aiming to establish a global innovation system covering new energy, intelligence, and AI, enhancing its competitive edge [2] - The company has achieved a significant breakthrough with the Kunpeng Tianqing engine, boasting a thermal efficiency of 48%, surpassing the market average of 38% to 45% [2] - Chery is introducing over ten advanced technologies, including the Feiyu chassis and the Lingshao flying platform, to create a world-class innovation matrix [2] Group 2: R&D Network - Chery has established a global collaborative innovation network with eight R&D centers and over 30,000 researchers, focusing on diverse regional driving conditions [3] - The Kaoyang Laboratory, founded last year, employs a tripartite mechanism to enhance product development efficiency, while a new strategic alliance aims to improve technology transfer [3] - Plans are in place to establish 26 additional overseas R&D centers to strengthen local development capabilities and meet regional regulatory requirements [4] Group 3: Global Market Presence - Chery's products are exported to over 120 countries, supported by 16 KD factories and a robust global innovation network [4] - The company has achieved cumulative vehicle sales of 2.0078 million units in the first three quarters of 2025, marking a 14.5% year-on-year increase [5] - As of September 2025, Chery has over 17.72 million global users, with more than 5.43 million overseas users, solidifying its position as a leading Chinese passenger car exporter [5] Group 4: Future Vision - Chery aims to transition from a "explorer" to a "leader" in the global new energy sector, leveraging its innovation system to enhance China's automotive technology influence worldwide [6]

Core Viewpoint - Chery Group aims to establish a global innovation system to enhance its competitiveness and achieve sustainable internationalization amidst the current challenges in the automotive industry [2][3]. Group 1: Global Innovation Strategy - Chery Group plans to build a global innovation system covering areas such as new energy, intelligence, and AI to enhance its brand and achieve sustainable internationalization [2]. - The company is set to list Chery Automobile on the Hong Kong Stock Exchange by September 25, 2025, to further its international market presence [2]. - Chery Group's overseas revenue accounts for nearly half of its total revenue, with over 17.72 million global users, including more than 5.43 million overseas users as of September 2025 [3]. Group 2: Challenges in Global Expansion - Chery Group's chairman highlighted challenges faced by Chinese automotive brands abroad, including issues with brand adaptation, safety quality, and local supply chain integration [2]. - The company emphasizes the importance of sustainable development and building a new image of "safety, reliability, and high-end" for Chinese automobiles in international markets [2]. Group 3: Innovation Ecosystem - Chery Group has established a global innovation ecosystem that includes technology, cultural, and management innovation systems [4]. - The core of this ecosystem is the technology innovation system, which involves global technology scanning and local development to meet future demands [4]. - The company has created a database of 12,000 real traffic safety accident cases to develop over 100 safety standards that exceed national requirements [4]. Group 4: Cultural and Management Innovation - Chery Group promotes a culture that encourages innovation, tolerates failure, and values practical results, while increasing investment in innovation and attracting global talent [5]. - The management innovation system prioritizes quality over quantity and innovation over profit, aiming to become a global benchmark for quality and management [6]. - The company seeks to enhance its global operational capabilities, making its organization more agile and decision-making more precise [6].

Core Viewpoint - Chery Group aims to establish a global innovation system to enhance its competitiveness and achieve sustainable internationalization amidst the current "involution" in the automotive industry [2][4]. Group 1: Globalization Strategy - Chery Group is currently the leading Chinese car manufacturer in terms of automobile exports, with plans for Chery Automobile to be listed on the Hong Kong Stock Exchange by September 25, 2025, to further penetrate international markets [2]. - The company is enhancing its governance and operational standards to align with those of Fortune Global 500 companies [2]. - Chery Group's revenue from overseas markets accounts for nearly half of its total revenue, with over 17.72 million global users, including more than 5.43 million overseas users as of September 2025 [4][5]. Group 2: Challenges in International Expansion - During recent visits to Europe and North Africa, challenges faced by Chinese automotive brands were identified, including issues with brand adaptation, safety quality failures, and insufficient local support [4]. - These challenges have implications for the overall brand image of Chinese enterprises and highlight the need for Chery Group to focus on sustainable development rather than just scale and speed [4]. Group 3: Innovation Ecosystem - Chery Group has developed a global innovation ecosystem consisting of three core systems: technology innovation, cultural innovation, and management innovation [6][7]. - The technology innovation system is central to this ecosystem, leveraging market advantages in over 120 countries to conduct global technology scanning and local development [7]. - Chery Group has established a database of 12,000 real traffic safety accident cases to benchmark against the strictest global standards, creating over 100 unique safety standards that exceed national requirements [8]. Group 4: Future Plans - Chery Group plans to establish 26 overseas R&D centers in the coming years to enhance competitiveness and meet regulatory requirements [10]. - The cultural innovation system promotes a supportive environment for innovation, emphasizing shared outcomes and risk management [11]. - The management innovation system prioritizes quality over sales and innovation over profit, aiming to become a global benchmark for quality and management practices [12].

Core Insights - Chery Automobile held its 2025 Global Innovation Conference in Wuhu, Anhui, marking its first major event post-IPO and showcasing its commitment to innovation and global expansion [1][3] Group 1: Innovation and Technology - The conference highlighted Chery's advancements in electrification, connectivity, intelligence, and sharing, including the debut of its humanoid robot "Mo Yin" and a self-developed all-solid-state battery module with an energy density of 600Wh/kg [3] - Chery's Chairman, Yin Tongyue, emphasized the importance of quality over quantity, stating that "quality is more important than sales, and innovation is more important than profit" [3][5] - Chery has established a global innovation ecosystem focusing on technology, culture, and management innovation, aiming to enhance product quality and operational management [5][6] Group 2: Global Expansion and Market Strategy - Chery is adapting to global markets, recognizing challenges such as brand localization and quality issues that can harm the overall image of Chinese brands [5][6] - The company aims to increase its overseas revenue, which is already approaching half of its total, and plans to establish 26 overseas R&D centers to enhance local market competitiveness [6][10] - Chery's global innovation strategy includes a focus on sustainable development and compliance with local regulations, ensuring that the company can meet diverse market demands [5][10] Group 3: Research and Development - Chery operates over 300 "Yao Guang" laboratories, tackling more than 500 significant projects across five core technology areas, including electric and intelligent vehicles [7][9] - The company has initiated collaborations with over 100 top global universities to drive original innovation and has identified over 4,000 cutting-edge topics through its "Kailiang" laboratory [9][10] - Chery's R&D efforts are supported by a team of 30,000 internal researchers and over 50,000 external experts, ensuring continuous innovation and patent generation [10]