Chery Auto Reports First Three Quarters Results: Revenue of 241.234 Billion Yuan, September European Sales Rank First Among Chinese Brands

On October 30, Chery Automobile released its performance for the first three quarters. In the first three quarters, it achieved revenue of 241.234 billion yuan, up 12.29% year on year; gross profit of 39.004 billion yuan, up 32.38% year on year, with the gross margin rising to 16.17%; R&D expenses of 11.046 billion yuan, up 40.21% year on year; profit for the period of 14.595 billion yuan, with a net profit margin of 6.05%; and profit attributable to owners of Chery of 13.963 billion yuan. In the first three quarters, the growth rate of R&D expenses was about 3.3 times the revenue growth rate, and R&D expenses as a share of revenue rose from 3.67% in the same period of 2025 to 4.58%. Since 2026, Chery has advanced the implementation of its Globalization 3.0 strategy and adjusted and upgraded its senior management team and organizational system. In the first three quarters, Chery opened its first overseas regional operations center in Barcelona, Spain, and simultaneously launched the Spain Research Institute. In South Africa, Chery acquired the Rosslyn plant and launched a localization plan, aiming to achieve a 40% localization rate for complete vehicle production in South Africa by 2028. According to statistics from market research firm Dataforce, Chery Automobile ranked first among Chinese brands in sales in Europe (covering the EU, UK and EFTA markets) in September. In the same month, according to statistics from the UK Society of Motor Manufacturers and Traders (SMMT), Chery ranked first among new car brands in the UK for the second consecutive month, and its JAECOO 7 topped the UK all-model sales chart. One in every 10 new cars sold in the UK comes from Chery. The OMODA & JAECOO brands have entered 79 markets worldwide.