Automotive brand Chery’s Record-Breaking Global Success in 2024
Chery International has once again solidified its position as a global leader in the automotive industry by surpassing 2.6 million vehicle sales in 2024, marking a historic achievement and highlighting its resilience amid a challenging global economy. The automaker’s full-year global sales reached 2,603,916 units, reflecting an impressive year-on-year growth of 38.4%.
Strength in Numbers: Global and Local Triumphs
Chery’s global expansion strategy paid dividends in 2024, with exports reaching over 1.1 million vehicles, maintaining its 22-year streak as the top Chinese passenger car exporter—an accomplishment that underscores its consistent dominance in overseas markets. Export figures recorded a 21.4% increase year-on-year, while the company made significant strides in green technologies with 583,569 new energy vehicles (NEVs) sold, representing a staggering 232.7% spike. Plug-in hybrid (PHEV) sales in December 2024 alone exceeded 100,000 units, surging 31.9% month-on-month, cementing Chery’s status as a pioneer in the global NEV market.
On the local front, Chery Australia experienced a breakthrough year in 2024, achieving a record-setting 12,603 units sold—an increase of 158% year-on-year, making it the fastest-growing car company in Australia.
Major Milestones and Strategic Moves
Chery’s achievements in 2024 were punctuated by several momentous milestones. Among the highlights, the company established its first joint venture plant in Europe alongside Spain’s EV MOTORS, with production commencing in November. This partnership also heralded the revival of the iconic Spanish EBRO brand, showcasing Chery’s efforts to innovate and collaborate globally.
In October 2024, during the Global User Ecosystem Conference, Chery celebrated the production of its 15 millionth vehicle across its five manufacturing plants worldwide. Additionally, the one-millionth export of the popular TIGGO 7 model underscored the brand’s international appeal and strategic focus on key markets.
Continued Innovation and Global Leadership
With a legacy spanning over two decades, Chery has consistently demonstrated its commitment to innovation and excellence. Known for offering technologically advanced and visually striking vehicles, the company continues to adapt to shifting consumer demands and market conditions. Its growth in NEVs and global partnerships showcases its future-ready approach, ensuring that it remains at the forefront of the automotive industry.
As the automotive industry evolves, Chery’s record-breaking performance in 2024 stands as a testament to its ability to innovate, collaborate, and lead on the global stage. With its forward-thinking strategies and commitment to sustainability, the company is poised to achieve even greater heights in the years to come.
