17 stories mentioning HKG:9973Updated 4m ago
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Chery Automobile's (HKG:9973) vehicle sales rose 24% to 261,876 units in July from a year earlier, according to a Sunday Hong Kong bourse filing.The Chinese automaker sold 119,441 new energy vehicles and exported 196,311 NEVs during the month.For the first seven months of 2026, Chery's total vehicle sales increased 10% year over year to 1.54 million units.
Chinese retail sales of passenger cars slid 23.2% to 1.6 million units in June, the China Passenger Car Association said in a Wednesday press release.New energy vehicle sales fell 9% during the month, with domestic brands slipping 11%, mainstream joint venture-made NEVs plunging 45%, and luxury brands declining 11%.Retail sales of gas-powered vehicles plunged 39% year over year, with pure gasoline vehicle sales falling 42% and conventional hybrids slipping 7%.Vehicle exports surged 82% to 877,000 units in June, with 56.9% of the figure coming from NEVs.Production fell 2.7% year over year to 2.3 million units.China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333), Chery Automobile (HKG:9973), and FAW Group (SHE:000800).Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).
China's Chery Automobile (HKG:9973) formally opened its Rosslyn manufacturing plant in South Africa after acquiring the facility from Nissan Motor (TYO:7201) earlier this year, according to a press release on Saturday.The carmaker said it will retain all 692 employees at the plant and expects the facility to support nearly 3,000 jobs across the supply chain.The factory will undergo a full upgrade before production begins in the middle of 2027, with annual capacity expected to reach 50,000 vehicles per shift.Chery aims to achieve an initial localization rate of 40% by 2028 and plans to develop the Rosslyn facility into a regional hub for research and development, manufacturing, supply chain operations and skills training, serving southern Africa.
Sales of Chinese new energy vehicles rose 22% year over year to more than 1.5 million units in June, according to preliminary figures from the China Passenger Car Association released Thursday.The increase was attributable to higher oil prices, improved supply conditions and stronger exports, the association said.BYD's (HKG:1211, SHE:002594) sales reached 397,292 units, topping the association's list.Geely's (HKG:0175) sales were at 158,849 during the period, while Chery Automobile's (HKG:9973) were at 106,900.Tesla's sales reached 89,091 units during the period.
BYD (HKG:1211, SHE:002594) led June's new energy vehicle sales as demand for such vehicles continues to surge abroad, even as domestic expansion faces distinct retail headwinds.BYD recorded the highest number of sales among Chinese NEV makers, selling 403,472 units during the month, up 5.46% from a year earlier. The carmaker's momentum was buoyed by its overseas performance, where passenger exports nearly doubled year over year to a record 174,897 units, offsetting a cool domestic retail market.Meanwhile, Zhejiang Leapmotor Technology (HKG:9863) and Nio (HKG:9866, SGX:NIO) recorded significant increases in their global deliveries, jumping 95% and 62.9% year over year, respectively, to deliver 93,376 units and 40,597 units.Leapmotor's numbers were boosted by its extended-range hybrid lineup, while Nio's deliveries were split across its luxury brand and its emerging sub-brands.SAIC Motor (SHA:600104) maintained strong overall volume, with group-wide sales reaching 395,000 units in June, up 8.1% from the previous year. Sales were boosted by electrification across the company's portfolio. Monthly NEV-specific sales 66.6% year over year to hit 201,000 units.Meanwhile, Geely Automobile's (HKG:0175) NEV sales climbed 2% year on year to 240,799 units, while those of Chery Automobile (HKG:9973) rose 9.5% to 240,585 units.Meanwhile, XPeng (HKG:9868) sold 40,126 vehicles during the month, bringing deliveries in the second quarter to 103,295 units. The carmaker plans to launch and presale a new model, XPENG MONA L03, on Thursday.Li Auto (HKG:2015) delivered 30,895 NEVs in the same month, bringing 1.7 million units into sale as of the end of June. The automaker said it surpassed 150,000 units in cumulative production after introducing a new flagship SUV, Li L8, on June 23.The number in NEV exports rose, but analysts from S&P Global said it is not enough to lift the slumping domestic demand.On a June 15 note, the ratings firm predicted NEV domestic sales to drop by 7% year on year to 25.4 million units in June as demand slowed down due to a reduction in trade-in and NEV purchase tax incentives."While mainland China automakers have been praised for their speed to market and ability to rapidly update products and technology, this frenetic cycle has a downside," S&P Global said. "The pace of model updates from mainland OEMs is causing some consumers to delay purchases, waiting for better deals both technologically and financially."
Chery Automobile (HKG:9973) sales volume stood at 240,585 vehicles in June, up 9.5% from a year prior, according to a Wednesday Hong Kong bourse filing.The firm's Chery brand saw sales rise 24% year over year to 169,516 units, while Luxeed sales gained 125% to 5,541 units.Jetour sales slipped 13% year on year to 48,305 units, figures showed.Exeed and iCar sales decreased 51% and 3.7%, respectively, to 6,758 units and 10,465 units.For the first half of 2026, total sales increased 7.8% to nearly 1.3 million units.
China's BYD (HKG:1211, SHE:002594) and Chery Automobile (HKG:9973) are considering plans to produce electric vehicles in Canada via joint ventures with local partners, Bloomberg reported Monday, citing a Canadian minister.Geely Automobile's (HKG:0175) parent Zhejiang Geely and Shanghai Launch Automotive Technical are also considering similar plans, Canadian Industry Minister Melanie Joly reportedly said.The plans would help the major Chinese auto manufacturers use Canada's low-tariff quota of about 6% for their electric vehicles.BYD, Geely, Chery Automobile, and Launch Automotive did not immediately respond to requests for comment from.(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.)
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.
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.)
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.
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.)
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.)
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.
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.
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.)
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.)
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.)
