Chery's Remarkable Achievements in 2023 and future ambitions

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Chery's Remarkable Achievements in 2023 and future ambitions

Chery Holding Group, a prominent Chinese automotive company, achieved remarkable milestones in 2023, recording substantial growth in sales and exports. The company's relentless commitment to innovation, sustainability, and global expansion played a pivotal role in its success. This article highlights Chery Group's achievements in 2023 and its ambitious goals for 2024.

In 2023, Chery Group achieved impressive sales figures, with annual sales reaching 1,881,316 units, representing a remarkable year-on-year growth of 52.6%. This outstanding performance surpassed the industry's growth rate, establishing Chery as a critical player in the global automotive market.

Chery Group's global presence continued to expand as it exported 937,148 vehicles in 2023, marking a significant year-on-year growth of 101.1%. This achievement secured the company's position as China's top passenger car exporter for an impressive 21 consecutive years.

Chery's commitment to delivering quality vehicles resonated with consumers worldwide, resulting in a global automotive user base exceeding 13 million, including 3.35 million overseas users.

In 2023, Chery introduced innovative products like the Tiggo 8 Pro Plug-in Hybrid, Tiggo 7 Pro Plug-in Hybrid, and eQ series, among other new energy vehicles. This comprehensive range of "New Energy and Conventional Fuel" vehicles, combined with main models like the Tiggo 8 series, Tiggo 7 series, and Arrizo 8, contributed significantly to the company's sales growth.

Chery's commitment to globalisation was reflected in its brand values of "Green, Technology, Family, and Companionship." In the "2023 Chinese Global Brand Builders Top 50," Chery secured the top position in the automotive category. The company actively engaged in economic development, ESG construction, and charitable activities in its operating countries.

Chery continued to focus on technological innovation, unveiling its QPower architecture at the Qatar GIMS. This comprehensive power solution covered various power forms, including ICE, PHEV, BEV, and hydrogen power, catering to owners' green travel demands.

Chery hosted "Chery Tech Day" for the second consecutive year, highlighting its technological prowess. The company's focus on five major specialised domains and establishment of numerous technology laboratories showcased its commitment to creating high-quality, technologically advanced vehicles.

Chery's commitment to quality was recognised in the "2023 China Initial Quality StudySM (IQS)" by J.D. Power, where it ranked first among self-owned brands. The company also invested in safety measures and improved electric safety protection, addressing owner concerns.

As Chery Group enters 2024, it sets ambitious business goals to exceed industry growth rates. The company's focus on high-quality products, brand elevation, global market expansion, technological advancements, and industry leadership will drive its efforts to become a world-class brand.

Chery Group's outstanding performance in 2023, marked by impressive sales, exports, technological advancements, and global expansion, positions the company as a significant player in the automotive industry. With ambitious goals for 2024, Chery is poised to continue its journey towards excellence and innovation in the global automotive market.

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