It sold 1.67 million units, launched 39 new energy vehicles in 2 years, and Chery Automobile hit the market value of 150 billion yuan
Chery Automobile, which has not been listed for 20 years, is finally ready to hit the IPO (initial public offering) in 2024.
On December 12, it was rumored that IDG Capital was ready to acquire part of the shares of Chery Holding Group for 7 billion yuan, and Chery Holding is restarting the listing plan of its subsidiary Chery Automobile, and will submit an IPO application as soon as 2024, with an expected valuation of 150 billion yuan.
As the only mainstream car company in China that has not been listed, Chery Automobile's IPO road has lasted for 20 years. As early as 2004, Chery began to seek to go public, but due to the impact of the financial crisis and financial problems, Chery's listing plan was stranded several times.
In the following years, Chery supported Bethel, Efort, Rayhoo Mould and other parts companies to go public, until the performance improved in recent years and the new energy transformation was urgently needed, Chery Holding Group began to restructure the automobile business, Chery, Xingtu, Jietu, Chery New Energy, Chery Commercial Vehicle, Kaiyi, etc., as well as its powertrain and key parts companies "packaged", all of which were merged into Chery Automobile Co., Ltd. for overall listing.
In accordance with Chery's "Yaoguang 2025 Strategy".In the next five years, 100 billion yuan will be invested in technology research and development in the fields of three electrics, intelligent driving, and ecology。This is a big number, you must know that in 2022, Chery Automobile's total revenue will only be 200 billion, and its net profit will only be 10 billion.
In the new energy vehicle market in 2023, the growth of independent brands is strong, but Chery's new energy vehicles lag behind their peers. Yin Tongyue, chairman of Chery Holdings, said ruthlesslyIn the 2024 new energy vehicle ranking, Chery will definitely enter the top of the country, "it will not be as polite as this year".。Chery's ** has also been launched.
From the planning point of view, in the fourth quarter of this year, Chery will release 5 super hybrid 30 and 4 E0x high-end electric products, and 24 super hybrid 3 models will be formed in the next 2 years0 products, 15 E0X high-end electric products, a total of 39 new energy models, including Chery Fengyun A8, Fengyun T9, Star Era ES, Xingtu Yaoguang C-DM, Jietu Traveler C-DM, ICAR 03 and other new models, in the fuel, hybrid, pure electric market comprehensive layout, is Chery's main battlefield before 2025.
It is worth mentioning that Chery and Huawei jointly created the Zhijie S7 has been listed, and the new company established by Huawei has also invited Chery and other car companies to take shares, in the field of new energy vehicles, Chery is confident that it will become the head in 2024 is not without reason.
From January to November this year, Chery's sales volume reached 1.67 million units, a very strong growth, and Chery's export business is far ahead, which may be conducive to its new energy vehicles to enter overseas markets.