In the fiercely competitive automotive industry of 2024, Chery Holding stood out with exceptional performance, setting a new historical sales record. It claimed to be the only company in the industry to achieve comprehensive growth across four key sectors: new energy vehicles (NEVs), oil-fueled vehicles, overseas exports, and the domestic market.
Chery Holding recorded annual sales of 2.6039 million vehicles throughout 2024, indicating a 38.4% year-on-year surge. The company not only exceeded its initial sales growth targets but also demonstrated remarkable market adaptability and brand influence.
Chery's global strategy was another major highlight of the company in 2024. With annual exports reaching 1.1446 million vehicles, Chery maintained its position as the top exporter of Chinese indigenous passenger vehicles for the 22nd consecutive year.
Beyond expanding its presence in over 110 countries and regions, Chery became the first Chinese automaker to establish a joint venture factory in Europe. It also became the first Chinese auto brand to achieve cumulative exports exceeding 4 million vehicles. These accomplishments have not only solidified Chery's market share but also established its foothold in the global automotive industry.
As part of its year-end review, Gasgoo analyzed the key achievements of leading automotive enterprises and component manufacturers. This report takes a comprehensive look at Chery Group's major milestones in 2024.
Wheels of Change: the Story of Chery Holding Group (Part 1)
From January to August 2024, Chery Automobile achieved cumulative sales of 1.5 million units, marking a year-on-year increase of 41.9%. In terms of exports, Chery continued to hold the top spot among Chinese automakers, with exports growing by 25.2% to reach 720,000 units.
Wheels of Change: the Story of Chery Holding Group (Part 2)
As one of the first Chinese automakers to develop independent technologies, and the first Chinese passenger car manufacturer to master core technologies such as engines, transmissions, chassis, and platforms, Chery has been marked by its technical prowess since its inception.
Chery Holding logs record-high annual sales in 2024
Chinese automaker Chery Holding reported its 2024 annual sales reached 2,603,916 vehicles, hitting record high, and representing a 38.4% year-over-year jump.
Chery Automobile's joint-venture factory in Spain starts production of first vehicle model
On November 23, Chinese automaker Chery Automobile and Spain's Ebro-EV Motors officially commenced vehicle production at their joint-venture facility, the Ebro Factory, located in Barcelona's Zona Franca.
Chery achieves YTD export milestone of 1 million vehicles by Nov. 2024
On November 12, Chery Holding celebrated a historic achievement of becoming the first Chinese automaker to export over one million vehicles within a single calendar year.
Chery celebrates production milestone of 15 million vehicles
On October 19, Chery Automobile achieved a significant milestone with the rollout of its 15 millionth vehicle globally.
Chery unveils next-gen smart driving tech, Kunpeng Battery brand at Global Innovation Conference 2024
On October 18, Chery Automobile kicked off the Chery Global Innovation Conference 2024 in Wuhu, Anhui. The event marked a significant milestone for the Chinese automaker, as it showcased its latest advancements in intelligent driving and new energy vehicle technologies.
Huawei, Chery co-developed LUXEED R7 hits market, starting at 259,800 yuan
On September 24, during Huawei's fall product launch event, Huawei's smart car alliance, Harmony Intelligent Mobility Alliance (HIMA), officially released its first coupe SUV, the LUXEED R7, onto the market. Starting at 259,800 yuan, the LUXEED R7 showcases significant advancements in exterior design, cabin space, and smart technology.
Chery Holding Group joins Fortune Global 500 at 385th position
On August 5, 2024, the 2024 Fortune Global 500 list was released, featuring Chery Holding Group for the first time. With an operating revenue of $39.0917 billion, Chery ranked 385th on the list.
Chery's JAECOO brand unveils J7 SUV at Goodwood Festival of Speed
Chery Holding's JAECOO brand has made a grand debut of its new SUV model, the JAECOO J7, at the 2024 Goodwood Festival of Speed in the UK. This new vehicle, meticulously crafted by Chery's global design team, features a futuristic and dynamic design with cutting-edge technology.
Jaguar Land Rover partners with Chery to develop all-electric Freelander-branded vehicles
On June 19, Jaguar Land Rover announced the signing of a strategic cooperation agreement with Chery. This agreement authorizes Chery Jaguar Land Rover to use the Freelander brand for a new line of all-electric vehicles, which will be based on Chery's electric platform and manufactured at the Chery Jaguar Land Rover plant in Changshu.
FORVIA, Chery to build joint venture for intelligent cockpit parts R&D, production
On April 11, FORVIA, the seventh largest automotive technology supplier globally, announced a joint-venture agreement with Chery, a leading Chinese car manufacturer, signed in Hefei. This agreement will deepen their collaboration in the field of intelligent and sustainable cockpits.
Huawei, Chery-backed Luxeed puts all-new S7 model onto market
At Huawei's HarmonyOS Eco Spring Communication event on April 11, the all-new Luxeed S7 officially hit the market, offering 5 trim levels with prices ranging from 249,800 yuan to 349,800 yuan.
Chery's Omoda & Jaecoo Automobile to build auto factory in Vietnam
Chery Automobile's subsidiary Omoda & Jaecoo Automobile and Vietnam's Geleximco Group inked a joint venture pact on April 4 to build an auto factory in Vietnam.
NIO inks framework agreements with JAC Group, Chery Holding for battery swap cooperation
Zhong An Energy Co., Ltd. ("Zhong An" is Chinese Pinyin), which is jointly funded and established by Anhui Province Energy Group, NIO, Gotion High-tech, and Anhui Provincial New Energy Vehicle and Intelligent Connected Vehicle Industry Themed FoF (Fund of Funds), was unveiled in Hefei on January 11, according to a post on the WeChat account of Anhui Daily.
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