Core Insights - Chery achieved significant milestones in 2025, including its IPO and a leap in the Fortune Global 500 rankings from 385th to 233rd, marking it as the fastest-rising automotive company globally [1] - The automotive industry in China is facing two major uncertainties: the technological overhaul driven by AI and smart technologies, and the reshaping of market rules due to global trade protectionism and geopolitical tensions [1] Capital Market Perspective - Becoming a public company has led to a structural shift in Chery's operational logic, with increased scrutiny from shareholders and investors regarding stock price fluctuations and profitability metrics [3] - This external pressure compels the management to reassess resource allocation and emphasizes the need to create greater social value with fewer resources [5] Technological Challenges - AI and smart technology are central themes, with Chery's chairman actively testing autonomous driving systems to ensure competitive performance against industry leaders like Tesla and Waymo [5][6] - The introduction of end-to-end models in AI presents challenges due to their unpredictable nature, prompting Chery to isolate safety-related components while allowing more aggressive iterations for non-critical features [6] Organizational Evolution - Chery is undergoing a "fission" process to enhance organizational capabilities, breaking down its innovation system into multiple specialized directions to remain agile and responsive [7] - The company has established a framework with 17 L1, 79 L2, and approximately 500 L3 directions to ensure flexibility and continuous improvement [7] Globalization Strategy - As a leader in automotive exports, Chery recognizes the unsustainability of traditional vehicle exports and aims to contribute locally in global markets, reflecting a shift in its role from an exporter to a collaborator [11] - The company emphasizes a dual trade approach, aiming to not only sell globally but also to source globally, enhancing its position in international markets [11] Response to Geopolitical Uncertainty - Chery views current geopolitical tensions as temporary waves in the globalization process and advocates for a pragmatic approach focused on self-improvement and establishing rules to mitigate irregularities in the global landscape [11][13] - The company is committed to using technology to address global challenges, aiming to leverage Chinese cultural strengths to influence the world positively [13]

Group 1 - Chery Automobile announced a total sales volume of 2.8064 million vehicles for 2025, representing a year-on-year growth of 7.8%, with global cumulative users exceeding 18.53 million [2] - The company exported 1.344 million vehicles in 2025, marking a year-on-year increase of 17.4%, and achieved a cumulative export of 5.85 million vehicles, setting records for monthly, annual, and cumulative exports for Chinese automotive brands [2] - In the new energy vehicle (NEV) sector, Chery achieved a significant growth with sales of 903,800 units in 2025, up 54.9%, and over 90% of new products launched in 2025 will be NEVs [2] Group 2 - Chery's NEV exports saw the highest growth rate among the top five Chinese independent brands, with a year-on-year increase of 482% [2] - The company plans to introduce 17 key models in 2026, aiming for a total sales target of 3.2 million vehicles, which is a 14.03% increase from 2025 [3] - Chery has launched a new policy offering substantial manufacturer subsidies for both fuel and NEV models, with discounts up to 20,000 yuan, alongside a national trade-in program [3]

Core Insights - Chery is advancing its global innovation strategy in electric, connected, intelligent, and shared mobility sectors, showcased at the 2025 Global Innovation Conference in Wuhu, Anhui [1][5] - The company aims to establish a global innovation system covering new energy, intelligence, and AI, enhancing its brand and ensuring compliance with evolving regulations [3][5] Group 1: Achievements and Developments - Chery has achieved five historical breakthroughs in sales scale, new energy, exports, brand recognition, and capital markets, while maintaining high growth and operational quality [5] - The company has listed on the Hong Kong Stock Exchange, marking a new chapter in its international capital market journey [5] - As of September, Chery has over 17.72 million global users, with more than 5.43 million users overseas [5] Group 2: Innovation and Research - The Kaoyang Laboratory, established during last year's innovation conference, has created an efficient closed-loop mechanism for transforming research into market-ready products [6] - Chery is collaborating with over 100 top universities on more than 4,000 projects to foster continuous innovation and technological advancements [8] - The company is focused on developing groundbreaking technologies, including the Kunpeng Tianqing engine with a thermal efficiency of 48%, which surpasses the industry standard [9] Group 3: Global Expansion and Localization - Chery's products are exported to over 120 countries and regions, supported by 16 KD factories and a global innovation network with over 30,000 R&D personnel [11] - Plans are in place to establish 26 overseas R&D centers to enhance local market competitiveness and meet regulatory requirements [11] - The conference highlighted Chery's technological capabilities and innovation, contributing to China's automotive industry's advancement on the global stage [11]