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July 9, 2019

Chery sales up 8.5% in H1 2019

According to the semi-annual sales report recently released by Chery Holding Group, in the first half of 2019, Chery Holding sold 325,000 units, including 285,000 independent-branded units, up 8.5% year on year, continuing to maintain growth.

By Sam Duke

According to the semi-annual sales report recently released by Chery Holding Group, in the first half of 2019, Chery Holding sold 325,000 units, including 285,000 independent-branded units, up 8.5% year on year, continuing to maintain growth.

Chery’s brands all performed strongly in the first half of 2019. Since the beginning of this year, Chery says it has ‘positively coped’ with the policy of China VI emission standards which will come into effect soon across the country. Key products  – such as new-generation Tiggo 8, Tiggo 4 Hero and Arrizo GX/EX Pro – have been switched over to the new standard it says.

Chery’s new energy vehicle sales were up 10.1% in H1. The 100,000th unit of model “ANT” rolled off the line within only 28 months since its launch, to become the first electric vehicle that achieved a cumulative output and sales volume of over 100,000 units based on a domestic forward electric vehicle R&D platform, Chery says. New energy vehicle Arrizo 5e was exported to Central and South America for the first time

Chery says it has grasped key automotive technologies in engine technology, automatic transmission, chassis, engine management system and platforms. In recent years, Chery has further developed in the direction of new energy, IoV, intelligence and sharing, it says. To date Chery has applied for 17,899 patents and obtained 11,513 patents, ranking top in China’s automobile industry.

In the perspective field of smart mobility, Chery has completed the R&D of first-generation and second-generation self-driving products and will realise L3 conditional automatic driving in 2020 and L4 high-level automatic driving in 2025, it says. At the recent “2019 Chery Lion Ecology Alliance Conference” hosted by Chery, nearly 100 internet companies, technology companies and auto-related enterprises reached an “alliance” agreement to focus on Chery’s strategic intelligence brand – “Chery Lion”. In the future, members of the “alliance” will jointly overcome difficulties in fields such as mobility, smart city, 5G application, IoV user service and intelligent vehicle network information security, to expand the “ecosphere” of smart mobility.

With focus on the automotive value chain, Chery Holding has developed into a diversified holding group operating in sectors such as automobile, automotive parts, finance, shipping, real estate and modern services. In 2017 and 2018, Chery’s annual sales exceeded CNY100bn (US$14.5bn) for two years in a row. With cumulative sales of 7.5m units and accumulative exports of over 1.5m units in the core sectors, Chery has been China’s largest passenger vehicle exporter for 16 straight years.

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