Core Insights - Chery Automobile reported that its sales in the European market exceeded 30,000 vehicles in the first half of the year, representing a nearly 11-fold year-on-year increase [2] - In 2024, Chery will launch the Omoda and Jaecoo brands in seven European markets, with its high-end brand Exlantix debuting in select Nordic countries [2] - The Jetour brand is set to enter the European market in the third quarter of this year, with more new brands and models planned to cater to diverse consumer needs [2] Strategic Developments - Chery has partnered with EVMotors, a traditional car manufacturer in Barcelona, Spain, to establish a joint venture factory, addressing EU tariffs on Chinese electric vehicles and creating numerous job opportunities [2] - The factory is expected to have an annual production capacity of 200,000 vehicles, with plans to increase the proportion of locally produced components to over 50% [2] Recognition and Growth - Chery Automobile ranked 233rd in the 2025 Fortune Global 500 list, climbing 152 positions from the previous year, marking the fastest rise among automotive companies in the ranking [2]

Group 1 - In May, Chinese automotive brands achieved a remarkable 85% year-on-year sales growth in Europe, surpassing 60,000 units sold, while the overall European market saw only a 1.3% increase to 1.116 million units [1][2] - The market share of Chinese automotive manufacturers in Europe reached a record high of 5.4%, up from 3% in the same period last year and 4.6% in April this year, indicating a growing influence in the European market [1][2] - The strong performance of Chinese brands offset the decline of European, Japanese, and South Korean manufacturers during the same month [1] Group 2 - In terms of vehicle types, sales of Battery Electric Vehicles (BEV) increased by 31% to 17,000 units, while Plug-in Hybrid Electric Vehicles (PHEV) saw an astonishing growth of 874% to 13,000 units, and Hybrid Electric Vehicles (HEV) rose by 991% to 9,560 units [2] - The market share of BEVs from Chinese manufacturers decreased from 41% last year to 29% in May, while PHEVs increased from 4% to 22%, and HEVs rose from 3% to 16% [2] Group 3 - BYD emerged as the fastest-growing Chinese automotive manufacturer, with total sales reaching 13,000 units in May, a significant increase from over 3,000 units last year, primarily driven by the Seal U model, which sold over 7,000 units [4] - Chery also experienced substantial growth, with sales reaching 7,963 units, a 900% increase, largely due to the introduction of the Jaecoo and Omoda brands in Europe [4] Group 4 - MG, which had previously halted exports to Europe due to EU tariffs, maintained its position as the sales leader in Europe with a total of 126,000 units sold in the first five months of the year, while BYD and Chery sold 54,000 and 29,000 units, respectively [6]