Core Insights - Chery Group achieved a record annual sales of 2,806,393 vehicles in 2025, marking a 7.8% year-on-year increase, with significant breakthroughs in sales, exports, new energy vehicles, and quality performance [30][31]. Sales Performance - Chery Automobile Co., Ltd. sold 2,631,381 vehicles in 2025, reflecting an 8% increase year-on-year [30]. - The Chery brand alone recorded sales of 1,700,940 vehicles [31]. - The Exeed brand (星途) achieved sales of 120,369 vehicles [31]. - The Jetour brand (捷途) sold 622,590 vehicles [31]. - The iCAR brand sold 96,989 vehicles [31]. - The Zhijie brand (智界) reached sales of 90,493 vehicles [31]. Export Achievements - Chery exported 1,344,020 vehicles in 2025, a 17.4% increase from the previous year [3][30]. - The company achieved a record monthly export of 144,430 vehicles in December, a 46.8% year-on-year increase [30]. - Chery has maintained its position as the top Chinese brand in passenger car exports for 23 consecutive years [5][30]. New Energy Vehicle Growth - Chery sold 903,847 new energy vehicles in 2025, representing a 54.9% year-on-year growth [6][30]. - The company has established a strong lineup of popular new energy models, with several models achieving monthly sales exceeding 10,000 units [6][30]. Quality Recognition - Chery received a nomination for the "China Quality Award" and ranked first among domestic brands in five categories of J.D. Power's quality assessments [30]. - The company has achieved a total of 60 models with five-star safety ratings globally, leading among Chinese automotive brands [30]. Strategic Directions - Chery is focusing on five new strategic directions: new fuel, new energy, new overseas markets, new business, and new technology [32][34]. - The company is enhancing its product matrix to meet global user demands, with a significant emphasis on both fuel and electric vehicles [32][34]. - Chery is accelerating its entry into high-regulation markets in Europe and has established local production in Spain [34]. Brand Development - Chery's global user base reached 18.53 million by the end of 2025, with 5.85 million users located overseas [28][46]. - The company ranked 233rd in the 2025 Fortune Global 500, marking a significant leap of 152 places from the previous year [46][50]. Future Outlook - Chery aims to achieve a sales growth rate exceeding the industry average by 10-20 percentage points in 2026, focusing on high-quality development [50].

Core Insights - The announcement highlights a strategic partnership between Seres Group and Volcano Engine to advance embodied intelligence technology, reflecting a broader trend among domestic automakers competing in a trillion-yuan market [1][3][9] Group 1: Partnership Details - Seres' wholly-owned subsidiary, Chongqing Phoenix Technology, signed a framework agreement with Volcano Engine to collaborate on intelligent robot decision-making and human-machine enhancement technologies [1] - The partnership aims to create a closed-loop mechanism for technology research and scene validation, aligning with the national initiative to integrate AI with the real economy [3][6] Group 2: Responsibilities and Capabilities - Volcano Engine will leverage its strengths in language, vision, and multimodal AI models to provide intelligent algorithms and computational support for the collaboration [5] - Seres will utilize its experience in smart vehicle manufacturing to drive the industrialization of AI technologies in the embodied intelligence sector [5] Group 3: Strategic Preparation - The partnership is part of a systematic preparation that began in 2023, including the establishment of a joint venture for robot development and the registration of the "ROBOREX" trademark for future products [6][7] - Seres has been actively recruiting talent in embodied intelligence, indicating a commitment to building a specialized technical team [7] Group 4: Industry Trends - The move by Seres reflects a broader trend among major automakers entering the embodied intelligence field, with various companies pursuing either independent R&D or collaborative investments [8][9] - The convergence of technology between smart vehicles and humanoid robots allows automakers to leverage existing capabilities, while the demand for new growth avenues drives this industry shift [9] Group 5: Regional Impact - Seres' initiatives contribute to the development of a "vehicle-robot-intelligent service" industry chain in Chongqing, linking local resources with academic and technological entities [9] - The collaboration signifies a transition for automakers from traditional manufacturing to becoming builders of intelligent ecosystems, marking the beginning of competition in the trillion-yuan embodied intelligence market [9]