1月23日，奇瑞汽车与一嗨出行在安徽芜湖举行战略签约暨新车交付仪式。奇瑞汽车股份有限公司董事长尹同跃向一嗨出行创始人、董事长兼CEO章瑞 平交付车辆钥匙，标志双方在2025年首次合作基础上，进一步深化战略协作关系。本次集中交付车辆共计5000台，为奇瑞迄今规模最大的单次新车交付。 此次交付车型覆盖SUV、轿车等多类产品，包括瑞虎8、瑞虎7、捷途旅行者、捷途X70及艾瑞泽5等，以满足不同用户出行需求。该批车辆将用于短 租、长租及企业用车等多种场景。本次合作不仅意味着奇瑞在出行服务领域实现了规模化市场拓展，也展现了中国汽车品牌与行业领先出行平台协同创新的 可行路径，为行业共建可持续、高质量的出行生态树立了崭新标杆。随着5000 台车辆投入运营，一嗨出行的车队结构也将进一步优化，服务网络覆盖与用 户体验也将得到全面提升。 一嗨出行公关部副总裁易彦表示，与奇瑞这样具备深厚自主研发实力和强大供应链体系的自主汽车品牌合作，不仅为一嗨出行的车辆升级与运营保障注 入了强劲动力，也为推动出行行业绿色转型与产业协同发展提供了重要示范。 根据双方签署的战略合作协议，下一步将围绕车辆定制化开发、智能化出行服务、海外市场开拓等深入合作 ...

图为新车交付仪式现场 据奇瑞汽车总裁助理张炳凤介绍，此次与一嗨出行的深化合作，标志着奇瑞正式迈入规模化拓展出行服 务市场的新阶段，这不仅是市场对奇瑞产品力与品牌价值的高度认可，更是奇瑞将高端制造体系优势转 化为出行生态服务能力的生动实践。 一嗨出行公关部副总裁易彦表示，与奇瑞这样具备深厚自主研发实力和强大供应链体系的自主汽车品牌 合作，不仅为一嗨出行的车辆升级与运营保障注入了强劲动力，也为推动出行行业绿色转型与产业协同 发展提供了重要示范。 1 月23日，"奇驭山河.嗨驰天下"奇瑞汽车&一嗨出行战略签约暨5000台新车交付仪式在安徽芜湖举行。 在现场来宾的见证下，奇瑞汽车股份有限公司董事长尹同跃，向一嗨出行创始人、董事长兼CEO章瑞平 交付钥匙。这标志着两家行业领军企业继2025年首次合作后，进一步开启深化战略协作、共创智慧出行 新生态的新阶段。这也是奇瑞规模最大的单次新车集中交付。 奇瑞汽车股份有限公司常务副总裁张国忠，一嗨出行车务副总裁唐宇钧，浦银金租总裁魏强，奇瑞汽车 股份有限公司总裁助理张炳凤等出席仪式并见证新车交付。 图为奇瑞向一嗨出行交付钥匙 本次交付的5000辆车型覆盖SUV、轿车等多元品类，全 ...

1月23日，"奇驭山河·嗨驰天下"奇瑞汽车&一嗨出行战略签约暨5000台新车交付仪式在安徽芜湖举行。在现场来宾的见证下，奇瑞汽车股份有限公司董事长 尹同跃，向一嗨出行创始人、董事长兼CEO章瑞平交付钥匙。这标志着两家行业领军企业继2025年首次合作后，进一步开启深化战略协作、共创智慧出行 新生态的新阶段。这也是奇瑞规模最大的单次新车集中交付。 奇瑞汽车股份有限公司常务副总裁张国忠，一嗨出行车务副总裁唐宇钧，浦银金租总裁魏强，奇瑞汽车股份有限公司总裁助理张炳凤等出席仪式并见证新车 交付。 一嗨出行公关部副总裁易彦表示，与奇瑞这样具备深厚自主研发实力和强大供应链体系的自主汽车品牌合作，不仅为一嗨出行的车辆升级与运营保障注入了 强劲动力，也为推动出行行业绿色转型与产业协同发展提供了重要示范。 根据双方签署的战略合作协议，将围绕车辆定制化开发、智能化出行服务、海外市场开拓等深入合作，从产品交付延伸至生态共建，整合双方资源优势，为 用户带来更环保、便捷、舒适的出行体验，携手推动中国出行服务产业向高质量发展迈进。 图为奇瑞向一嗨出行交付钥匙 图为整装待发的交付车型 此次合作不仅意味着奇瑞在出行服务领域实现了规模化市场拓展 ...

Core Insights - Chery Group achieved significant growth in automotive sales, with a total of 2.562 million vehicles sold in the first eleven months of 2025, marking an 11.1% year-on-year increase, and electric vehicle sales surpassing 800,000 units for the first time [2][9] Group 1: Sales Performance - Chery Group's automotive 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 [2] - The company's electric vehicle sales surged by 69.4% to 815,000 units in the same period, achieving a historical milestone [9] - In November 2025 alone, Chery's electric vehicle sales reached 117,000 units, reflecting a 50.1% year-on-year growth [9] Group 2: Global Expansion and Innovation - Chery Group maintained its position as the leading Chinese automotive exporter, with exports growing by 30.3% to 137,000 units in November 2025 [5] - The company is transitioning from product export to brand export, emphasizing a global innovation strategy [5] - Chery plans to establish 26 overseas R&D centers to enhance competitiveness and meet local regulatory requirements [8] Group 3: Product Development and Technology - The launch of the Zongheng G700 SUV signifies Chery's commitment to high-end technology and luxury markets [6] - Chery's vehicles, including the Tiggo 8 and Tiggo 7, received five-star safety ratings from European NCAP, making it the Chinese automaker with the most five-star rated models globally [8] - The company is focusing on smart technology integration across its vehicle lineup, with significant advancements in intelligent driving and AI applications [10][12] Group 4: Ecosystem and User Engagement - Chery Group is developing a "people-car-home" ecosystem to enhance user experience and engagement [13][16] - The company has involved over 500,000 users in product development through global co-creation initiatives, ensuring user feedback drives continuous improvement [13] - Chery aims to deepen its value proposition by transitioning users from participants to co-creators within its brand community [16]

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].

奇瑞集团在全球市场的稳健表现，根植于其系统性的技术创新与产品适应性开发能力。集团构建了覆盖 全球的"1+7+N"研发体系，并严格执行包括当地法规开发、产品适应性开发、竞争力开发、差异化开发 为核心的"四个开发"战略，确保产品精准契合不同市场的严苛标准与多元需求。从高温沙漠到高原极 寒，奇瑞产品在全球严苛环境下的可靠性得到充分验证。近日，捷途T1（自由者）成功完成"穿越泛美 公路挑战"，成为全球首个成功穿越该路线的汽车品牌，印证了其卓越的耐久性与全地形适应性。 奇瑞集团发布最新海外销售数据。2025年11月，集团出口汽车136,728辆，同比增长30.3%，已连续七个 月单月出口规模稳定在10万辆以上，持续巩固其中国汽车出口领军者地位。2025年1-11月，奇瑞集团累 计出口汽车已达1,199,590辆，同比增长14.7%，平均每25秒就有一辆"奇瑞造"驶向海外。截至目前，奇 瑞集团全球累计用户突破1828万，其中海外用户超过570万，国际化基本盘日益坚实。 奇瑞将可持续发展理念深度融入全球化运营。近日，奇瑞创新实践案例《再生铝合金，撬动全球减排 的"公共解法"》成功入选生态环境部《2025企业气候行动案例集》 ...

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 Viewpoint - The current trend of Chinese automotive companies going global is not only a sign of industry upgrade but also a focal point for capital market attention, with companies that can sustain overseas expansion and penetrate high-barrier markets expected to enjoy higher valuation levels [1][4]. Summary by Sections Export Performance - In the first three quarters of this year, China's automotive export volume reached 4.95 million units, a year-on-year increase of 14.8%. In September alone, the export volume was 652,000 units, up 21% year-on-year, indicating strong momentum [1]. - Chery's export performance stands out, with a single-month export of 137,624 units in September, a year-on-year increase of 26.2%, setting a new record. From January to September, Chery exported a total of 936,428 units, up 12.9% year-on-year [1][5]. Market Positioning - Chery leads the industry with an export volume that is double that of the second-ranked company, showcasing its strong scale effect. The models Chery exported, such as the Tiggo 7 and Tiggo 5X, consistently ranked among the top two in September [5][6]. - Chery has maintained its position as the top exporter of passenger cars in China for 22 consecutive years, achieving significant milestones such as the first Chinese brand to export over 5 million units cumulatively [8][9]. Growth Logic - Chery's success in overseas markets is attributed to its dual strategy of "technology defining standards" and "localization reconstructing ecosystems." The company has established a robust technological foundation through its "Yaoguang 2025" strategy, which includes five core technology matrices [11][12]. - Chery's global expansion is supported by eight R&D centers worldwide, allowing for localized product adaptations to meet regional market demands [11][12]. Financial Performance - Chery's overseas revenue has shown a consistent upward trend, with revenues of 30.39 billion yuan, 77.06 billion yuan, 100.90 billion yuan, and 26.29 billion yuan from 2022 to the first quarter of 2025, representing 32.8%, 47.2%, 37.4%, and 38.5% of total revenue respectively [10]. - The company plans to establish 45 sales outlets in Europe by the end of 2025, expanding to 100 by 2026, which will further solidify its market presence and revenue growth [17][18]. Investment Potential - Chery is transitioning from an "export champion" to a "global industrial ecosystem builder," which is expected to release significant value for investors. The company's focus on high-value markets like Europe positions it for quality growth [17][18]. - Chery's current PE TTM is 10.10, which is considered undervalued in the context of the recent automotive sector pullback. The company is expected to achieve revenues of 269.90 billion yuan and a net profit of 14.33 billion yuan in 2024, indicating a robust operational style [18][19]. Conclusion - Chery's impressive export achievements are the result of over two decades of commitment to globalization, technology development, and localization. This case serves as a benchmark for the global competitiveness of Chinese automotive brands, emphasizing the importance of solid technological foundations and sustainable global strategies [22].

Core Viewpoint - Chery Automobile Co., Ltd. officially listed on the Hong Kong Stock Exchange on September 25, 2023, raising approximately HKD 91.45 billion, marking the largest IPO of a car company in the Hong Kong market this year [2] Company Overview - Chery Automobile, established in 1997 and located in Wuhu, China, focuses on innovation and international market expansion, offering a diverse range of passenger vehicles, including both fuel and new energy vehicles [5] - According to Frost & Sullivan, Chery is the second largest domestic passenger car brand in China and the eleventh largest globally based on projected sales in 2024 [5] Sales Performance - In 2024, Chery's passenger vehicle sales are expected to grow by 49.4% compared to 2023, leading the growth among the top twenty global passenger car companies [5] - The company is the only one among the top twenty global passenger car companies to achieve over 25% growth in sales for both new energy and fuel vehicles, as well as in domestic and overseas markets [5] Domestic Market Insights - Chery's passenger vehicle sales in China are projected to increase by 56.0% in 2024, with new energy vehicle sales expected to rise by 277.3% compared to 2023 [6] - The company ranks first in sales growth for both fuel and new energy vehicles among the top ten passenger car companies in China [6] International Market Presence - Since exporting its first vehicle in 2001, Chery has sold over 13 million vehicles across more than 100 countries and regions [7] - Chery has maintained the highest export volume among Chinese independent passenger car brands for 22 consecutive years since 2003 [7] - In 2024, Chery ranks first among Chinese independent brands in Europe, South America, and the Middle East and North Africa, and second in North America and Asia (excluding China) [7] Brand Portfolio - Chery operates five major brands: Chery, Jetour, Exeed, iCAR, and Zhijie, each catering to different customer needs and market segments [7] - The revenue contribution from these five brands has been consistent, accounting for 89.1% in 2022, 92.7% in 2023, and projected at 90.3% for the first quarter of 2025 [7] Chery Brand Highlights - The Chery brand, targeting the mass market and family users, has sold over 10 million vehicles, making it the first independent passenger car brand in China to surpass this milestone [8] - Key models such as the Tiggo 8, Tiggo 7, and others have shown strong sales performance, with the Tiggo 8 ranking first in the Chinese fuel vehicle market among independent brands in 2024 [8]