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HKG:9973

10 stories mentioning HKG:9973Updated 12d ago

Every FINWIRES story that references HKG:9973, newest first.

Asia

Nissan Signs MoU for UK Production of Chery Vehicles at Sunderland Plant

Nissan Motor (TYO:7201) and Chery Automobile's (HKG: 9973) Chery International UK have entered into a non-binding memorandum of understanding to explore having Nissan build Chery's passenger cars at the Sunderland facility in the UK under a contract manufacturing arrangement.Under the proposed terms, Nissan would retain full ownership of the plant and employ all staff, with production of Chery vehicles potentially starting on Line One as early as fiscal year 2027, according to a statement on Wednesday.The agreement follows Nissan's May decision to shift all its own manufacturing to Line Two as part of an effort to boost plant utilization.While Nissan AMIEO Chairperson Massimiliano Messina called the move a significant step and pledged to pursue a mutually beneficial outcome, the MoU remains non-binding and both sides are continuing discussions without further public details at this time.

HKG:9973TYO:7201
Asia

Market Chatter: Tata Motors to Use Chery's Automaking Platform in Premium EVs

Tata Motors (BOM:500570, NSE:TATAMOTORS) plans to license Chery Automobile's (HKG:9973) Freelander, an automaking platform developed in a joint venture between the Chinese firm and Jaguar Land Rover, Reuters reported Wednesday, citing people familiar with the matter.The Indian automaker plans to incorporate the platform in its electric vehicles under its premium Avinya brand, which will be manufactured at the newly opened factory in Tamil Nadu, according to the report.The first model under the Avinya brand is scheduled to launch in 2027, the report said.Shares of Tata Motors rose nearly 1% in recent trade, while those of Chery Automobile declined nearly 3% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500570HKG:9973NSE:TATAMOTORS
Asia

Chery Automobile's May Sales Jump 21%

Chery Automobile (HKG:9973) sold 231,944 vehicles in May across its five major brands, up 21% from a year prior, a Monday Hong Kong bourse filing said.The firm's Chery brand saw sales rise 34% year over year to 167,645 units, while iCar sales gained 60% to 9,432 units. Jetour sales rose 1% year on year to 45,557 units, figures showed.Exeed and Luxeed sales decreased 47% and 31%, respectively, to 5,882 units and 3,428 units.New energy vehicle sales totaled 89,340 units, while exports reached 177,666 units, figures showed.For the five months ended May 30, total sales increased 7.5% to 1.03 million units.

HKG:9973
Asia

Market Chatter: Chery Automobile to Launch Compact EV in Japan

Chery Automobile (HKG:9973) is gearing up for the launch of a compact electric vehicle in Japan under a newly launched brand called EMTA, Nikkei Asia reported Thursday.The brand, a joint venture between Chery and four other businesses, plans to debut four electric models in Japan by 2029, including one that could come next spring.The so-called kei car will be developed in China and Japan, with production initially taking place in China, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9973
Asia

Market Chatter: Chery to Enter US Market at 'Good, Reasonable' Time; EV Exports to Rise 27% in 2026

Chery Automobile (HKG:9973) is looking to enter the U.S. market at a "good and suitable" time, Reuters reported Wednesday, citing Chery International President Zhang Guibing's remarks to reporters.Zhang's remarks come after President Donald Trump signified he could open doors to Chinese automakers if they build cars in the U.S., the report said."Everyone knows ​the American car market is huge ... we definitely have the idea of selling ⁠cars in the United States. Everyone definitely has that idea," Reuters quoted Zhang as saying.Chery, China's largest car exporter, has not yet added the U.S. to its list of export destinations, and has since focused on Europe, Latin America, the Middle East, and Southeast Asia, the report said.The company forecasts its overseas electric vehicle sales to rise by as much as 27% in 2026, the South China Morning Post reported separately, citing Zhang.The EV sector's sales could surge by as much as 70% of the carmaker's total exports. the report said.Chery's EV sales could equate to nearly 1.1 million units, more than the 827,000 units in 2025, the SCMP said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9973
Asia

Chery Automobile's April Sales Jump 27%

Chery Automobile (HKG:9973) sold 236,427 vehicle units in April across its five major brands, up 27% from a year prior, a Sunday Hong Kong bourse filing said.The Chinese automaker's Hong Kong shares gained over 2% in morning trade Monday.The firm's Chery brand saw sales rise 46% year over year to 174,414 units, while iCar sales gained 19% to 8,267 units. Jetour sales rose 3% year on year to 45,364 units, figures showed.Exeed and Luxeed sales decreased 46% and 47%, respectively, to 6,036 units and 2,346 units.New energy vehicle sales totaled 90,519 units, while exports reached 172,023 units, figures showed.For the four months ended April 30, total sales increased 4.1% to 802,547 units.

HKG:9973
Asia

Chery Automobile's Profit Falls in Q1; Shares Slip 5%

Chery Automobile (HKG:9973) posted profit attributable to owners of the parent of 4.17 billion yuan for the first quarter, down from 4.65 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the automaker were down over 5% in Wednesday afternoon trade.Revenue slipped to 65.9 billion yuan from 68.2 billion yuan in the prior-year period.

HKG:9973
Asia

Market Chatter: GWM to Launch 10 New Models in European Market Resurgence

Great Wall Motor (SHA:601633, HKG:2333) or GWM plans to return to the European market with the introduction of 10 new models over the next two years, Reuters reported Tuesday, citing GWM International President ​Parker Shi during an interview.Shi told reporters at the company's Baoding technology center said they don't want to be a loser in any market, introducing various vehicle models in 13 European markets in the next 12 months, the report said.The automaker will begin its fresh European run with the launch of Ora 5, which will be available as an electric vehicle, in the first half of the year, according to the report.Competition is becoming tighter as GWN's sales in 2025 dropped to nearly 30%, while Chinese counterparts such as Chery Automobile (HKG:9973) and BYD (HKG:1211, SHE:002594) are looking at expanding their market in Europe, the media outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:1211HKG:2333HKG:9973SHA:601633SHE:002594
Asia

Market Chatter: Chery Automobile Plans to Add Smaller Models in Europe

Chery Automobile (HKG:9973) seeks to add smaller cars to its range of models in Europe as it plans to expand within the region, Reuters reported Monday, citing the automobile maker's head of engineering, Peter Matkin.Matkin told the media, following a presentation of the L6 model during the Milan Design Week, that the company's pushing for models smaller than SUVs that are 4.2 meters and above because they are missing 50% of the European market, the news outlet reported.Chery's SUV models, including Omoda and Jaecoo, are leading the company's growth in Europe. The L6 model is under the company's Lepas brand, which was added to its models a year earlier, according to the report.The company plans to expand its production within the region through partnerships with other automobile manufacturers, the news agency reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9973
Asia

Market Chatter: Chery Automobile Eyes European Production via Partnerships

Chery Automobile (HKG:9973) is seeking to expand production in Europe by partnering with other carmakers and using existing factories, Reuters reported Sunday, citing top executives at an event in Paris.France commercial chief Lionel French Keogh said the company is exploring additional manufacturing capacity across the region, according to the report.Chairman Yin Tongyue reportedly said Chery prefers partnerships over building new plants due to the time and investment required, adding that discussions are ongoing and updates may come in the coming months.He did not disclose potential partners or locations but said France is among the markets under consideration, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9973

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