Du Ge at the Shanghai Auto Show in April 2023.
Chery Automobile, which has passed by the market several times, may usher in a turnaround this time.
On December 12, according to Jiemian News, IDG Capital is considering acquiring part of the shares of Chery Holding Group from existing shareholders for up to 7 billion yuan, but Chery is still in the consideration stage.
In addition, according to sources, Chery Automobile, a subsidiary of Chery Holding Group, is planning to restart its IPO, and will submit an initial public IPO application as soon as 2024, planning to complete the A-share listing by 2025, and may seek a valuation of 150 billion yuan.
In response to the above rumors, on December 13, a senior executive of Chery responded: "The company is actively preparing for listing, and the rest of the information is inaccurate." ”
According to public information, Chery Automobile was founded in 1997 and owns a number of automobile brands such as Chery, Jietu, Xingtu, and ICAR. Chery Automobile is the first domestic automobile brand to exceed one million sales, but the most eye-catching thing about Chery Automobile is its achievements in exports, and the history of Chery Automobile going overseas begins in 2001.
In 2001, Chery Automobile was introduced into Syria by chance, which also officially opened the prelude to Chery Automobile's going to sea, so far, Chery Automobile's overseas journey has gone through more than 20 years, and it is one of the car companies with the largest number of automobile exports in the country, and its export sales account for more than half of the total sales.
In 2022, Chery's export sales exceeded 450,000 units, ranking first in the export of Chinese brand passenger cars for 20 consecutive years, and in the first 10 months of this year, Chery's overseas market sales were 2690,000 units, second only to SAIC.
Therefore, when it comes to China's leading automobile independent brands, Chery Automobile is definitely an unavoidable object. It's just that what is more surprising is that under the condition that its own conditions and achievements are very remarkable, Chery Automobile has not been able to successfully go public.
In fact, Chery has also made a lot of efforts to go public. In 2004, Chery Holdings' intention to go public had already begun to take shape, and later the listing plan was shelved for various reasonsIn 2006, Chery ushered in a period of rapid development, requiring a large amount of capital investment, and listing became its first choice for financing, but the global financial crisis in 2008 brought Chery's listing plan to an abrupt halt again.
Around 2015, Chery Holding chose to "go public on the curve" and successively supported a number of advantageous sectors to be listed separatelyIn 2020, Chery Holding accelerated the pace of IPO, started the "mixed reform", and introduced Qingdao Wudaokou new energy industry ** enterprises.
In the blink of an eye in 2023, Chery Automobile's progress on the IPO has finally come to new news, and we will wait and see whether the IPO will be successful this time.