New stock news | Chery Motors submits application to Hong Kong Stock Exchange, ranked first in China's independent brand passenger car export volume for 22 consecutive years.

According to the disclosure of the Hong Kong Stock Exchange on February 28, Chery Automobile Co., Ltd. (Chery Automobile) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC, Huatai, and GF Securities as its joint sponsors. With the advantage of early entry, Chery Automobile has achieved success in overseas markets by diversifying its brand layout, multi-level sales channels, strong supply chain deployment, localized R&D capabilities, and good user reputation. It has achieved counter-cyclical growth in the global fuel vehicle market downturn. The company's passenger cars are well received in overseas markets, with sales to over 100 countries and regions, totaling more than 13 million units worldwide. According to Frost & Sullivan data, since 2003, Chery Automobile has been the top Chinese domestic brand passenger car company in terms of passenger car exports for 22 consecutive years. In addition, the company ranks top in sales in several major passenger car markets. For example, as of September 30, 2024, in Europe, South America, and the Middle East and North Africa regions, it ranked first among Chinese domestic brand passenger car companies, and second in North America and Asia (excluding China). Chery Automobile's five main brands are Chery, Jetour, Xingtu, iCAR, and Zhijie, each with unique positioning, travel style, and aesthetic perception to meet different customer needs and cover subsegments with growth potential. Furthermore, technological strength is the core of automotive development. Over the years, Chery Automobile has established a comprehensive technology stack including Kunpeng Power (powertrain systems), Mars Architecture (automotive development platform), Lion Intelligent Cabin (intelligent cabin system), and Dazhuo Intelligent Driving (intelligent driving solutions). Intelligence is the fastest progressing field for Chery in recent years. According to Frost & Sullivan data, as of September 30, 2024, 50.7% of Chery vehicles were equipped with L2 level and above intelligent driving solutions, ranking among the top Chinese domestic brand passenger car companies in intelligent driving technology capabilities. In terms of finances, for the nine months ending on September 30 of 2022, 2023, and 2024, Chery Automobile's revenue was approximately 92.618 billion, 163.205 billion, and 182.154 billion Chinese yuan respectively; and the profits were approximately 5.806 billion, 10.444 billion, and 11.312 billion Chinese yuan respectively.