CATL Ranks First in Global Power Battery Usage for Six Years in A Row in 2022

According to Gu Chunshan, Vice President of Chery Automobile, as the countdown to mass production and popularization begins, all-solid-state batteries have become the focus of attention for both the industry and users, and Chery will place no upper limit on its future investment in all-solid-state batteries. It is reported that Chery's Rhino Battery S Series 60Ah, 400Wh/kg solid-state battery uses a sulphide-based solid electrolyte system and high-nickel ternary cathode material; the 600Wh/kg solid-state battery uses an in-situ polymerization solid electrolyte system and lithium-rich manganese cathode material, with a driving range of over 1,500 km, and the company aims to carry out vehicle validation by 2027.

On March 18, Chery Automobile announced its full-year 2025 results. In 2025, Chery Automobile recorded total revenue of 300.29 billion yuan, up 11.3% YoY; net profit of 19.51 billion yuan, up 36.1% YoY; and net profit margin improved from 5.3% to 6.5%, indicating continuously stronger profitability. Profit attributable to owners of the company was 19.019 billion yuan, up 34.6% YoY, further enhancing shareholder returns. In 2025, Chery Automobile’s self-owned brand passenger vehicle sales reached 2.6314 million units, up 14.6% YoY; new energy self-owned brand passenger vehicle sales reached 826,500 units, up 72.5% YoY, with new energy and globalization becoming key drivers of earnings growth.

On March 18, Geely released its full-year 2025 results report. In 2025, Geely's total revenue was 345.2 billion yuan, up 25% YoY; net profit attributable to shareholders was RMB 16.85 billion, up 0.2% YoY; and the final dividend per share was HKD 0.5.