Chery Automobile: A Company Overview

Chery Automobile was founded on January 8, 1997, in Wuhu, Anhui province, and is led by chairman Yin Tongyue. Its early years were constrained by the lack of a national passenger-car production license: in 2001 the company handed SAIC a 20 percent stake in exchange for access to SAIC's permit, and it only secured its own qualification in September 2004. Growth then came quickly, with the 500,000th vehicle rolling off the line in 2006 and the one-millionth — an A3 — in August 2007.

The group now operates a broad stable of marques: the core Chery brand plus its Fulwin and New Energy lines, the premium Exeed arm, Jetour, the iCAR electric brand, Luxeed developed with Huawei, and Karry, while Omoda and Jaecoo serve overseas markets. It also holds 50 percent of the Chery Jaguar Land Rover joint venture and has stakes in Southeast Motor, Kaiyi Auto and a Guizhou bus maker.

Scale has expanded sharply. Group sales reached 1,881,316 vehicles in 2023, up 52.6 percent year on year, and 2024 revenue hit 480 billion yuan with roughly 48,000 employees. That year Chery entered the Fortune Global 500 for the first time at No. 385. After recruiting JPMorgan to help arrange a Hong Kong float, the company listed on the HKEX main board on September 25, 2025, in the city's largest carmaker IPO of the year.

On the engineering side, Chery has built modular architectures including the T1X SUV platform and the M1X sedan and MPV platform, with parts commonality above 70 percent, while the M3X architecture underpins its Exeed models. It was also the first Chinese passenger-car brand to enter Hong Kong, arriving in August 2011 with the A1 and Tiggo.