Chery New Energy
Part of Chery
Chery New Energy Automobile Co., Ltd. manufactures and sells passenger vehicles.
Chery New Energy Automobile Co., Ltd. manufactures and sells passenger vehicles.
Chery New Energy faces financing risk because it posted a loss of RMB701 million for the year ended 31 December 2025, after a loss of RMB602 million in 2024, and its current liabilities of RMB10,502 million exceed its current assets of RMB4,518 million at 31 December 2025. Intense competition in the fast-growing NEV market, along with NEV demand that may be cyclical, policy driven, and volatile, would serve as warning signs that this exposure is arriving.
Chery New Energy's ownership structure adds a further layer of exposure, as non-controlling interests hold 52% of Chery New Energy Automobile Co., Ltd., and their accumulated balance is a deficit of RMB1,525 million, while control rests with Chery Automobile as single largest shareholder at 48.2%, leaving 51.8% widely held by other shareholders. The company was recognized as a High and New Technology Enterprise in 2024 and enjoys a 15% preferential income tax rate for 2024 to 2026.
Source: hkexnews.hk
Chery New Energy's total cost and expense for 2025 was RMB14,724 million, exceeding its revenue, and the company posted a loss of RMB701 million for 2025 after a loss of RMB602 million in 2024, so it captured no value on the disclosed figures.
Chery New Energy Automobile Co., Ltd. recorded revenue of RMB14,023 million for the year ended 31 December 2025, up from RMB11,097 million in 2024, while current liabilities of RMB10,502 million exceeded current assets of RMB4,518 million at 31 December 2025.
Source: hkexnews.hk
Chery New Energy positions its iCAR brand to deliver contemporary and smart travel to Generation Z customers through pure electric SUVs, while its QQ brand line-up comprises the QQ3 Modern, QQ3, Ice Cream, Little Ant, and Duomi models.
The QQ Ice Cream measures 3030(3102) mm in length, 1496 mm in width, and 1637(1655) mm in height, and QQ model test drives are booked through the brand portal by choosing a province, city, and dealer.
Source: qq.chery.cn