Group 1 - Chery Automobile has passed the Hong Kong Stock Exchange hearing, with CICC, Huatai International, and GF Securities (Hong Kong) serving as joint sponsors [1] - In 2024, Chery is the only company among the top twenty global passenger car manufacturers to achieve over 25.0% year-on-year growth in sales across new energy vehicles, fuel vehicles, the Chinese market, and overseas markets [1] - Chery ranks as the second largest independent passenger car brand in China and the eleventh globally based on projected global passenger car sales for 2024 [1] Group 2 - Chery owns five major brands: "Chery," "Jietu," "Xingtu," "iCAR," and "Zhijie," with global sales exceeding 2.295 million units in 2024 [2] - The Chery brand has surpassed cumulative sales of 10 million units, with its core model, the Tiggo 8, ranking first in sales among Chinese independent passenger car brands in the global fuel vehicle market in 2024 [2] - The Jietu brand focuses on the "Travel+" niche market, achieving a milestone of one million units sold since its launch in 2018 [2] - The Xingtu brand is positioned in the tech luxury segment, ranking first in export volume among Chinese high-end independent brands in 2024 [2] - The iCAR brand targets Generation Z with cutting-edge smart technology and trendy design, while the Zhijie brand emphasizes superior intelligence through partnerships with leading technology firms [2] Group 3 - Since 2003, Chery has maintained the top position in passenger car export volume among Chinese independent brands for 22 consecutive years, with products sold in over 100 countries and regions, totaling over 13 million units globally [3] - The funds raised from the IPO will primarily be used for new model development, core technology enhancement, overseas market expansion, production facility upgrades, and working capital [3]