On the morning of September 25, Chery Automobile Co., Ltd was officially listed on  the main board of the Hong Kong Stock Exchange. As the largest IPO in the automobile industry on HKEX so far in 2025, Chery's listing marks its entry into a new stage in the international capital market.

In this HKEX IPO, Chery globally issued 297 million shares with an offering price of HK$30.75 per share, raising a total of approximately HK$9.145 billion. This IPO attracted 13 cornerstone investors, including Hillhouse's HHLR, Greenwoods Asset Management, Dajia Life Insurance, Gotion Hong Kong, and other well-known institutions, as well as state-owned enterprises, and some companies in the upstream and downstream of the industrial chain, showing the confidence of all parties in Chery's future development. Chery surged on its trading debut, opening at HK$34.2 per share, up 11.22% from its offering price.

At the listing celebration ceremony held on the same day, Yin Tongyue, Chairman of Chery Automobile Co., Ltd., delivered a speech titled "Together with Chery, Towards a Brighter Future". Mr. Yin expressed his gratitude to government leaders, shareholders, investors, global partners, users, and employees. He noted that it was everyone’s trust, expectations, and support that instilled in Chery the spirit of innovation—of making the impossible possible—enabling the company to progress step by step from a modest “grass hut” to its successful listing on the Hong Kong Stock Exchange.

"This listing on HKEX is an important step for Chery to enter the international capital market, and also a new starting point for us to shoulder greater responsibilities and embrace greater missions." Yin Tongyue said, "In the future, Chery will not only pursue the success of commercial value, but also strive to contribute more to society." 

Chery is determined to become an "innovation-driven, globally trusted leader in the smart mobility ecosystem" and contribute more to the high-quality development of China's automotive industry.

Since its establishment in 1997, Chery has been committed to leading industry innovation and exploring the international market. According to Frost & Sullivan, in 2024, Chery's passenger car sales increased by 49.4% year-on-year, ranking first among the world’s top 20 passenger car companies. It is the only company among these top 20 whose new energy vehicle sales, fuel vehicle sales, sales in China, and overseas sales all increased by more than 25% compared to 2023. Among the top 10 passenger car companies in China, Chery ranked first in the growth rate of both fuel and new energy vehicle sales in the Chinese market. In terms of Chery's most prominent global advantage, since 2003, Chery has ranked first in the export volume of China's self-owned brand passenger car companies for 22 consecutive years. 

According to the prospectus, Chery's fundraising from this listing will be mainly used in the following five aspects:

35% for the R&D of different models and versions of passenger cars to further expand its product portfolio;

25% for the R&D of next-generation vehicles and advanced technologies to improve its core technical capabilities;

20% for exploring overseas markets and implementing globalization strategies;

10% for upgrading its production facilities in Wuhu, Anhui;

10% for working capital and general corporate purposes.

This fundraising plan also reflects Chery's future strategic priorities: on one hand, increasing investment in R&D, especially in new energy and intelligent technologies; on the other hand, accelerating its global expansion and consolidating its position as China's leading exporter among self-owned brands.

Chery Automobile's listing comes at a perfect time, coinciding with the company's rapid growth momentum. From 2022 to 2024, the company's operating revenue soared from CNY 92,618 million to CNY 269,897 million, with its net profit increasing from CNY 5,806 million to CNY 14,334 million. In the first quarter of 2025, the company achieved an operating revenue of CNY 68,223 million and a net profit of CNY 4,726 million, with a significant year-on-year increase of 90.9%.