Core Insights - Chery Group's global innovation conference showcased over 10 leading technologies and a global innovation system strategy, highlighting its transition from "internationalization" to "globalization" with over 17.72 million cumulative global users and nearly half of its revenue coming from overseas [1][2] Group 1: Listing Empowerment - The recent listing on the Hong Kong Stock Exchange marks a new beginning for Chery, emphasizing the need to balance short-term performance with long-term growth [2] - Funds raised from the listing will primarily be allocated to R&D and overseas business expansion, driving technological innovation and global layout [2][3] - Chery aims to focus on three growth curves: enhancing core automotive manufacturing, expanding user ecosystems, and leveraging AI to explore new business areas [3][4] Group 2: Innovation System - Chery's innovation system is built on a dual laboratory model, with the Yaoguang Lab focusing on short-term technical challenges and the Kaiyang Lab fostering long-term original innovations through partnerships with over 100 top global universities [5][6] - The company emphasizes early investment in innovative technologies, aiming to create a closed-loop for technology transformation from concept to market [6][7] - Chery promotes an agile organizational structure through the "Amoeba Organization" model, enhancing internal efficiency and fostering a culture of curiosity and leadership [6][8] Group 3: Globalization Strategy - Chery has established a significant global presence, exporting to over 120 countries and planning to set up 26 overseas R&D centers, focusing on sustainable development rather than just scale [7][8] - The company adopts a localization strategy, ensuring that products are adapted to local markets and regulations before entering, as seen in its approaches in South Africa and Spain [7][9] - Chery aims to transform from a traditional car manufacturer to a global high-tech ecological group, leveraging its technological expertise to impact various industries beyond automotive [9]

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]

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 Insights - The 2025 Chery Global Innovation Conference commenced in Wuhu, Anhui, showcasing Chery's latest achievements in electrification, connectivity, intelligence, and sharing, emphasizing innovation as the driving force for brand advancement and global ecosystem connectivity [1][3][15] Group 1: Event Overview - The conference featured prominent figures including academicians from various international institutions, industry leaders, and government officials, highlighting a collaborative effort towards technological globalization [3][4] - Chery's Chairman, Yin Tongyue, emphasized the importance of sustainable growth and building a new image for Chinese automobiles through innovation and user-centric approaches [4][6] Group 2: Technological Advancements - Chery has achieved significant milestones in sales, new energy vehicles, exports, brand recognition, and capital markets, with over 17.72 million global users, including more than 5.43 million overseas [4][10] - The company introduced the Kunpeng Tianqing engine, boasting a thermal efficiency of 48%, which is a significant advancement compared to the industry standard of 38% to 45% [10][12] Group 3: Innovation Strategy - Chery's "Yaoguang" strategy aims to drive the company from internationalization to globalization, establishing a comprehensive technical innovation system [8][13] - The company plans to set up 26 overseas R&D centers in the coming years to enhance local market competitiveness and meet regulatory requirements [13][15] Group 4: Future Vision - The conference served as a platform for Chery to present its technological philosophy and achievements, aiming to transform into a global technology company and enhance the global presence of Chinese automotive brands [15]

Domestic News - Eight departments have issued a plan to further promote automobile consumption, focusing on policies such as trade-in programs and supporting the transition to new energy vehicles [2] - As of September 10, 2025, the number of applications for automobile trade-in has reached 8.3 million, with ongoing efforts to reform automobile circulation and consumption [3] - Guangzhou is launching a 300 million yuan automobile consumption subsidy program, offering up to 5,000 yuan for eligible purchases during the promotional period [4] - Anhui has opened six highway test sections for intelligent connected vehicles, with over 80,000 kilometers of testing completed [5] - Dongfeng Motor is developing a fully self-researched solid-state battery expected to achieve 1,000 kilometers of range by 2026 [6] - Xiaopeng Motors has initiated its first localized production project in Europe, aiming to enhance its market presence with more product offerings [7] - Chery's new engine has achieved a thermal efficiency of 48%, marking a significant advancement in fuel engine technology [8] - The first comprehensive innovation base for intelligent connected vehicles in China has been established in Tianjin, with an investment of nearly 2 billion yuan [9] International News - The International Energy Agency predicts strong growth for low-emission hydrogen projects despite facing multiple challenges, with global hydrogen demand expected to reach nearly 100 million tons in 2024 [11] - The European Commission has expedited the review of the 2035 zero-emission vehicle targets in response to automotive manufacturers' concerns about the feasibility of a full transition to electric vehicles [12] - Tesla plans to increase production at its German factory due to strong sales performance [13] - Mercedes-Benz has confirmed a gradual phase-out of the EQ brand for its electric vehicles, transitioning to the use of "Electric" as the brand name [14] Commercial Vehicles - Wuhu has introduced a subsidy of up to 100,000 yuan per year for hydrogen fuel heavy trucks, along with financial support for new hydrogen energy projects [17] - Beiben Truck is expanding its market presence in Africa, focusing on cooperation in road equipment [18] - SAIC Maxus has launched a 15 million yuan "Star Plan" to support farmers through live-streaming sales of agricultural products [19] - The remote X-VAN has been launched in South China, offering innovative multi-functional travel options [20]