Press Release: Chery ended 2024 with a record 298,505 vehicles sold in December, up 38.4% year-on-year. The full-year sales reached a historic 2,603,916 vehicles, a 38.4% increase. Chery exceeded its annual target by achieving this growth, surpassing the industry's growth rate by 10-20 percentage points.
Chery Sets 2024 Sales Record, Four Breakthroughs Drive Competitiveness
Amid a global economic slowdown, Chery has demonstrated strong resilience and competitiveness in the global market through its strategic global presence and outstanding product strength. Chery's performance also achieved four historic breakthroughs.
Chery's annual revenue reached 480 billion, up over 50%, with a 150 billion increase. Sales exceeded 2.6 million vehicles, a 38.4% rise. Exports reached 1,144,588 units, up 21.4%, has remained the top Chinese passenger car exporter for 22 consecutive years . NEV sales hit 583,569 units, up 232.7%, the fastest growth among major automakers. In December, PHEV sales surpassed 100,000 units, up 31.9% month-on-month.
Chery's PHEV Sales Soar in the Global Market
Chery is not only focused on innovative new energy technologies but also integrating this philosophy into the future global market, particularly in the PHEV sector. Through continuous innovation and technological breakthroughs, Chery is driving the transformation of global green mobility. In the future, Chery will prioritize the safety, range, and intelligence of its PHEV products, offering more competitive eco-friendly mobility solutions to global consumers.
Building on its commitment to independent innovation, Chery was the first Chinese automaker to master key engine, transmissions, and chassis technologies. Thanks to this deep R&D philosophy, Chery has continued to upgrade and innovate in the technological field. To date, Chery has achieved remarkable technological results and remains at the forefront of the industry in core technology areas.
Additionally, Chery, driven by its technological prowess, is accelerating the realization of its achievements in new energy transformation. The previously launched Qpower powertrain brand showcases Chery's strong technological capabilities in the PHEV sector. The Infinite Electric Hybrid DHT system delivers efficient power output and intelligent energy management, ensuring optimal energy efficiency under various driving conditions. The transmission can achieve a maximum efficiency of up to 98.5%. Additionally, Chery’s specialized hybrid engine boasts a thermal efficiency of 44.5%, paired with a high-performance hybrid battery with an energy density of 105Wh/kg, significantly enhancing range and power performance. Furthermore, during the long-range test at Chery’s Global Eco Conference, the Chery PHEV model demonstrated outstanding long-range capabilities, low energy consumption, and external discharge functions in the Poyang Lake Eco Protection Experience in China. The model’s pure electric range is long, with a total range exceeding 1,400 km, directly showcasing Chery PHEV’s long-range capability and smooth handling.
The TIGGO family models, designed for global users, not only uphold the family aesthetic but also seamlessly integrate premium, business, and technological elements to meet consumers' demands for personalization, comfort, and luxury. Chery's commitment to safety and ensuring protection for global consumers. Chery also maintains high standards in product quality, Chery once again secured the top spot for the highest-ranked domestic brand in J.D. Power's 2024 China Initial Quality Study (IQS) . Through rigorous quality control, Chery continually enhances its market competitiveness and sets a new benchmark for "Made in China" products.
Chery Expands Overseas, Continuously Breaking Multiple Records
In 2024, Chery reached several significant milestones. In late November, Chery’s first joint venture plant in Europe, a collaboration with Spain's EV MOTORS, marked the production of its first vehicle, helping the legendary Spanish brand EBRO make a successful comeback. The milestone of one million TIGGO 2 units produced signifies widespread global recognition and trust in this model, which represents Chery's quality. At the Global User Ecosystem Conference held in October 2024, Chery celebrated the joint production of its 15 millionth vehicle across five plants worldwide. Additionally, the successful export of the one-millionth TIGGO 7 marked an important milestone in Chery’s global strategy.
In 2024, Chery gained widespread recognition for its quality, innovation, and market insights. In markets like Brazil, Egypt, and Indonesia, Chery won multiple awards and led in sales. The company also achieved key milestones, including being listed on the Fortune China ESG Impact Ranking, remaining the top Chinese automotive brand in the Globalization Top 50, and making its debut in the Fortune Global 500.
Chery is deeply rooted in overseas markets, committed to being a "fertilizer" for global markets and a responsible corporate citizen. To date, Chery's operations span over 110 countries and regions, with a total of 15.72 million car users, including 4.5 million overseas users. Chery adheres to its "In somewhere, For somewhere" localization strategy, actively integrating into local communities. Contributing to local economic and social development, Chery is accelerating towards becoming a "world-class green intelligent mobility company."
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