Chery Reports Net Profit of $2.01 Billion in First Three Quarters, Up 28% YoY

Chery’s exports reached 936,400 units in the first three quarters, up 12.9% YoY, maintaining its position as the No.1 Chinese car exporter.

On October 31, Chery Automobile released its 2025 third-quarter report on the Hong Kong Stock Exchange, posting strong gains in both revenue and profit.

For the first three quarters, the company recorded revenue of RMB 214.83 billion ($30.1 billion), up 17.9% year on year, while net profit surged 28% to RMB 14.37 billion ($2.01 billion). R&D investment also rose 20% to RMB 7.88 billion ($1.1 billion), underscoring Chery’s continued push into electrification and global expansion.

A financial report from Chery Automobile Co., Ltd., detailing their performance for the third quarter of 2025, including revenue, profit, and other financial metrics. — A financial report for Q3 2025 from Chery Automobile Co.

Amid intensifying competition in China’s auto market, Chery achieved breakthroughs across sales, exports, new energy, and capital markets.

The group sold 2.01 million vehicles from January to September, up 14.5% year on year, reaching the 2-million annual sales milestone faster than ever — a new company record.

New energy vehicles (NEVs) remained a key growth driver, with sales jumping 77.1% to 587,500 units, placing Chery firmly among the top five automakers in China’s NEV segment.

The company accelerated its product rollout with models such as the Fengyun A9L, Jetour Shanhai L7 PLUS, and Tiggo 9 C-DM, with NEV models accounting for over 75% of all new launches.

A close-up view of the Chery Fengyun A9L vehicle showcased at the Hong Kong International Automotive Exhibition, featuring a sleek design with a prominent front grille and stylish headlights. — Chery Fengyun A9L

Exports continued to serve as a major growth engine. During the first three quarters, Chery exported 936,400 vehicles, up 12.9% year on year, retaining its position as China’s top passenger car exporter.

Strong momentum in Europe drove much of this growth — sales in nine key European markets reached 77,000 units, surging 1,046% year on year. The UK market was particularly robust, with sales jumping nearly 29-fold to 33,700 units.

Map showing Chery Automobile's sales performance in nine European countries from January to September 2025, highlighting significant growth in unit sales year on year. — Chery’s sales performance in nine European countries from January to September 2025

On the brand and capital fronts, Chery’s global expansion is also gaining pace. The company rose to 233rd on the Fortune Global 500 list this year, making it one of the fastest-climbing automakers worldwide.

It also maintained its lead in the automotive category of Kantar and Google’s “Top 50 Chinese Global Brands.”

On September 25, Chery made its debut on the Hong Kong Stock Exchange’s main board, marking the largest auto IPO in Hong Kong for 2025 and signaling a new phase in its globalization strategy.

As of the end of September, Chery had more than 17.72 million global users, including over 5.43 million overseas.

With continued strength in NEVs and overseas markets, the company is targeting annual sales of 3.26 million units in 2025, having achieved 61.6% of that goal so far.