Chery Automobile is now accepting stock subscriptions starting today, with an entry fee of HK$3106.

Chery Automobile will be listed from today to September 22, selling 297,397,000 H shares. 10% will be publicly sold in Hong Kong, and the rest will be sold internationally. The selling price ranges from HK$27.75 to HK$30.75 per H share, raising a maximum of approximately HK$9.14 billion. The minimum subscription is 100 shares with an entrance fee of HK$3,106. The stock is expected to be officially listed on September 25. The company expects that approximately 35% of the proceeds will be used in the next one to three years for R&D of different models and versions of passenger cars to further expand the product portfolio; around 25% will be used in the next one to three years for R&D of next-generation vehicles and advanced technologies to enhance core technological capabilities; about 20% will be used in the next one to four years to expand overseas markets and implement the company's globalization strategy; around 10% will be used in the next one to four years to enhance its production facilities in Wuhu, Anhui; and another 10% will be used for operational funds and general corporate purposes. According to the prospectus, since its establishment in 1997, Chery Automobile has been committed to leading industry innovation and penetrating international markets, with its vehicles sold in more than 100 countries and regions worldwide. According to data from Frost & Sullivan, Chery Automobile has been the top Chinese independent brand passenger car company in terms of exports for 22 consecutive years since 2003, ranking among the top in sales in several major passenger car markets. In 2024, Chery Automobile sold over 2.295 million vehicles worldwide, a 49.4% increase from 2023, making it one of the top twenty passenger car companies globally in terms of growth. At the same time, Chery Automobile is the only one among the top twenty passenger car companies globally whose sales of new energy vehicles, fuel vehicles, Chinese market sales, and overseas market sales have all grown by over 25% compared to 2023. During the past period, the company achieved significant growth, with revenues of 269.897 billion yuan in 2024, a year-on-year increase of 65.4%; and a net profit of 14.334 billion yuan, a year-on-year increase of 37.2%. In the first three months ending March 31, 2025, the company's revenue was 68.223 billion yuan, a year-on-year increase of approximately 24.2%; and a profit of 4.726 billion yuan, a year-on-year increase of nearly 91%. Among them, revenue from the Chinese market was 41.934 billion yuan, accounting for 61.5% of total revenue.