Yes, Chery Automobile has completed the acquisition of Soueast Motor and has become its sole shareholder.

How severe is the sales decline of the four car companies "named" by the China Association of Automobile Manufacturers in the first two months of the year?

According to previous reports, Chery Holding Group (hereinafter referred to as "Chery Holding") plans for its subsidiary Chery Automobile to submit an initial public offering (IPO) application to the A-share market within this year. The company's valuation is approximately 150 billion yuan, surpassing the current total market value of Changan Automobile. The next target might be to catch up with Great Wall Motor's 200 billion yuan valuation.

As various car manufacturers release their 2023 sales figures, Chery Holding has also delivered an impressive report, with a final sales volume of 1,881,316 units!

The tumultuous year of 2023 has just passed, and the automobile industry has not yet fully savored the joy of year-end success before a new wave of competition begins. On January 3rd, Chery launched the first product of its revamped Fulwin series, the Chery Fulwin A8. This global model, which is the first to feature the Kunpeng Super Hybrid C-DM, represents Chery Automobile's ambition to reshape the landscape of the new energy vehicle market.

Once upon a time, the gap between China's automobile industryand traditional automotive powerhouses like Germany and Japan was as vast as a chasm. However, after entering the new energy era, this gap has not only been bridged but even surpassed. According to data released by the China Passenger Car Association, in the first half of this year, China's car exports grew by 76.9% year-on-year, reaching 2.341 million units, surpassing Germany and Japan to become the world's largest car exporter.

The global automotive industry is undergoing a new wave of disruptive changes, with a strong push to promote and popularize hybrid technology and products. This has become an important part of the high-quality development of the automotive industry and supports the national "dual carbon" strategy. In examining the era of the hybrid "free-for-all," traditional domestic hybrids have been dominant, setting fuel efficiency as the sole evaluation standard while selectively ignoring issues such as high-speed stalling and weak acceleration. In the current hybrid market, is there a hybrid technology that is both energy-efficient and high-performing? With the arrival of Chery Kunpeng Super Hybrid C-DM, a perfect answer is provided to global users.

At the "2023 xEV Battery Technology Forum and New Energy Photovoltaic Storage and Charging Integration Industry Conference," Zeng Xiangbing, the Battery Technology Director of Chery Group, delivered a keynote report on "The Current Status and Application Challenges of Sodium-Ion Batteries."

A peer mentioned that it felt like attending a Chery technology showcase abroad...

Chery Automobile has made significant strides in the field of hybrid vehicles, and the newly launched Chery Tiggo 7/8 New Energy Champion Edition is no exception. Both models feature the same power system, but they are positioned differently. The Chery Tiggo 7 New Energy is positioned as a compact SUV, while the Chery Tiggo 8 is larger and positioned as a midsize SUV. This test drive mainly focuses on the Chery Tiggo 7 New Energy.

In the Chinese market for plug-in hybrid electric vehicles (PHEVs), BYD is undoubtedly the leader. This year, Geely and GWM have also been making significant efforts, launching new energy models such as the Galaxy L7, L6, Haval Xiaolong, and Raptor. The market is gradually heating up, accompanied by steadily increasing sales volumes.

Chery is truly aiming to be the champion this year.

For a long time, the Chinese hybrid market has been dominated by the "Four Little Dragons" of Chinese hybrids. However, Chery has now adjusted its strategy and joined the competition. With the combined efforts of the Chery Tiggo 8 New Energy Champion Edition and the Chery Tiggo 7 New Energy Champion Edition, Chery has formed the "Chery Hybrid Twin Stars - Disruptors of the Hybrid Market," aiming to create the "Five Tiger Generals" of hybrids and offer consumers more choices.