Chery October sales rise 5.3% as NEVs hit record and exports top 200,000 again

• Chery Group sold 295,934 vehicles in October, with exports exceeding 200,000 for the third time this year.
• October NEV sales reached 140,893, exceeding 100,000 for the seventh consecutive month.

Chery Group’s vehicle sales rose 5.25% year-on-year in October, as monthly new energy vehicle (NEV) sales hit another record and exports exceeded 200,000 for the third time this year.

The Chinese automaker said on Sunday that it sold 295,934 vehicles in October. Sales in the first 10 months of the year totaled 2,502,723 vehicles, up 9.34% year-on-year.

NEVs remained a key growth driver. Chery Group sold 140,893 NEVs in October, up 27.7% year-on-year and exceeding 100,000 for the seventh consecutive month.

The group’s NEV sales reached 999,417 in the first 10 months, up 43.2% year-on-year and already surpassing last year’s full-year total.

Overseas business also maintained strong growth. Chery Group exported 200,618 vehicles in October, up 58.67% year-on-year, accounting for about 68% of its total monthly sales.

In the first 10 months, the group’s exports totaled 1,751,766 vehicles, up 64.8% year-on-year and accounting for about 70% of total sales.

Chery is accelerating its expansion in Europe. The company said it sold 292,000 vehicles across 24 European countries in the first 3 quarters of the year, up 182% year-on-year. That included more than 146,000 NEVs, up 251%.

The group is also expanding its overseas brand presence and manufacturing footprint. Chery is considering local production in Canada and plans to begin sales there in 2027, Bloomberg reported on October 23.

Chery’s iCar brand also plans to enter the UK under its overseas name, iCaur, with sales of its first model, the V27, expected to begin in early 2027.

On a separate reporting basis from the group, Hong Kong-listed Chery Auto (HKEX: 9973) sold a combined 282,458 vehicles across its 5 brands in October, up 7.21% year-on-year and 1.99% month-on-month, marking its highest monthly total this year.

This was the listed company’s eighth consecutive month of year-on-year sales growth and its fifth consecutive month of month-on-month growth, according to data compiled by CnEVPost. Sales in the first 10 months totaled 2,359,349 vehicles, up 10.13% year-on-year.

Chery Auto sold 132,023 NEVs in October, up 28.17% year-on-year and 6.34% month-on-month, accounting for 46.74% of its total sales.

The listed company exported 194,674 vehicles in October, up 61.53% year-on-year but down 3.11% month-on-month. Its sales in China totaled 87,784 vehicles, down 38.59% year-on-year but up 15.47% month-on-month.

Among its 5 brands, the namesake Chery brand was the only one to post year-on-year sales growth in October, offsetting declines at Jetour, Exeed, iCar and Luxeed.

The Chery brand sold 200,571 vehicles in October, up 18.19% year-on-year and 0.95% month-on-month. Jetour sold 58,443 vehicles, down 1.07% year-on-year but up 1.65% month-on-month.

Exeed sold 5,637 vehicles in October, down 40.63% year-on-year but up 14.92% month-on-month. iCar sold 11,717 vehicles, down 5.45% year-on-year but up 7.91% month-on-month.

Luxeed sold 6,090 vehicles in October, down 52.46% year-on-year for its second consecutive monthly decline, but up 21.61% month-on-month. Its sales in the first 10 months totaled 49,713 vehicles, down 29.57% year-on-year.

Xpeng’s monthly deliveries topped 50,000 for the first time, while Nio and Li Auto both saw declines.