Is Chery Automobile profitable in 2025?

Yes. Chery's FY2025 net profit rose 36.1% year over year to RMB 19.51 billion (about US$2.83 billion), on total revenue of RMB 300.29 billion, the first time revenue topped RMB 300 billion, per its March 18, 2026 annual results.

Who owns Chery Automobile?

Chery listed on the Hong Kong Stock Exchange on September 25, 2025, raising HK$9.14 billion. Per its own FY2025 annual report, a January 2025 equity transfer spun the company out of Chery Holding Group, so Chery Automobile now has neither a holding company nor an ultimate holding company.

Is BYD beating Chery in car exports?

BYD is closing in fast. In June 2026 BYD narrowed China's export gap with Chery to 17,000 units, down from 23,000 in May 2026, while Chery's export share fell from 22.9% to 18.1%, per BestSellingCarsBlog data published July 20, 2026.

Could AI replace Chery Automobile?

No. Chery is a physical manufacturer with 12 global plants and a 23-year export/dealer network across 110+ countries; AI (via Huawei's ADAS and cockpit systems) is a supplied feature layer on cars like Luxeed, not a replacement for its manufacturing and distribution moat.

What is Chery's biggest competitor?

BYD, its domestic rival, which is the largest global EV seller by deliveries (about 20% global EV share, Jan-Aug 2025) and was narrowing Chery's export lead to just 17,000 units by June 2026, per BestSellingCarsBlog.

Will EU tariffs hurt Chery Automobile's exports?

Likely, if finalized. The EU was preparing as of June 20, 2026 to extend countervailing duties of 17-38% to Chinese plug-in hybrids, directly targeting Chery, BYD and SAIC, threatening the overseas segment that made up 52.4% of Chery's 2025 revenue.

Automotive companies · state-owned · China

Chery Automobile Co., Ltd.

chery.cn ↗

Chinese automaker and China's top vehicle exporter for 23 straight years.

Protection under test

Assessed 25 July 2026 · Evidence as of 25 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 25 July 2026 · Checkable from Q4 2026 · Every call on the record Checkpoint: EU final ruling on countervailing duties (17-38%) for Chinese PHEVs

The call

Chery still ships more exported cars than any Chinese rival, but BYD is closing in fast and EU tariffs could hit the overseas revenue that now makes up over half its business.

Chery builds and sells cars around the world from factories in 12 countries, with repair shops in over 110 countries. It has been shipping cars overseas for 23 years and built up real advantages: it knows how to make cars cheaply and has the government's support. However, two things are happening at the same time that could hurt it badly. First, BYD, another Chinese carmaker, is catching up in exports month by month and stealing some of Chery's customers. Second, Europe is about to put big taxes (17 to 38 percent) on Chinese cars like the plug-in hybrid models that now make up more than half of what Chery sells overseas. If those taxes go through and BYD keeps gaining, Chery's overseas business, which just became more than half its total sales last year, could shrink fast. The company will probably survive the next few years, but its profits and growth are in real trouble.

Why

AI pressure: Huawei's ADS/HarmonyOS software (used in Chery's Luxeed EVs). Huawei's AI driving and cockpit software now powers Luxeed, shifting brand value and margin toward Huawei rather than Chery. Could AI do the core job? Unlikely.

Bigger players: BYD. BYD narrowed the export gap to Chery from 23,000 to 17,000 units in a month as Chery's export share dropped from 22.9% to 18.1%. Could a giant copy it? No, they are blocked.

What protects it. 23 years as top Chinese exporter, 12 global plants, and dealer and service networks across 110+ countries.

What would change this call

Monthly China export rankings show BYD passing Chery in unit volume. Chery's 23-year export leadership moat has failed and its overseas growth engine is compromised.
EU finalizes countervailing duties on Chinese PHEVs at 30% or higher. Chery's overseas revenue segment (52.4% of total) faces direct margin damage in its key growth market.
Chery's FY2026 asset-liability ratio and operating cash flow figures released in annual report. Shows whether leverage and liquidity concerns flagged in FY2025 are worsening or improving.

Key numbers

5.85 million cumulative exports, first Chinese brand past 5M (2026-01-02)
FY2025 revenue hit RMB300.29bn (~$43.5bn) (2026-03-18)
Export share fell from 22.9% to 18.1% as BYD gap narrowed (2026-06)

Named risks

EU countervailing duties of 17-38% on Chinese PHEVs could hit Chery's fastest-growing export segment. Severity: high
BYD rapidly closing the export gap threatens Chery's 23-year export-leader status. Severity: high
High 80.41% asset-liability ratio and declining operating cash flow flagged in own annual report. Severity: medium
Domestic price war across China's EV/NEV sector could compress margins despite volume growth. Severity: medium
FY2025 sales reached only 80.72% of an internally cited 3.26 million unit target. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
BYD	losing to	Narrowed China export gap with Chery to 17,000 units by June 2026, from 23,000 in May 2026
BYD	contesting	Chery's export share fell from 22.9% to 18.1% as of June 2026 amid BYD's push
Geely	losing to	Geely surpassed BYD in some 2025 rankings and topped 4 million annual units, per Feb 2026 data
Toyota	gaining on	Chery passed Toyota to become China's 4th-largest passenger-vehicle OEM by mid-2025

Questions people ask

Is Chery Automobile profitable in 2025?: Yes. Chery's FY2025 net profit rose 36.1% year over year to RMB 19.51 billion (about US$2.83 billion), on total revenue of RMB 300.29 billion, the first time revenue topped RMB 300 billion, per its March 18, 2026 annual results.
Who owns Chery Automobile?: Chery listed on the Hong Kong Stock Exchange on September 25, 2025, raising HK$9.14 billion. Per its own FY2025 annual report, a January 2025 equity transfer spun the company out of Chery Holding Group, so Chery Automobile now has neither a holding company nor an ultimate holding company.
Is BYD beating Chery in car exports?: BYD is closing in fast. In June 2026 BYD narrowed China's export gap with Chery to 17,000 units, down from 23,000 in May 2026, while Chery's export share fell from 22.9% to 18.1%, per BestSellingCarsBlog data published July 20, 2026.
Could AI replace Chery Automobile?: No. Chery is a physical manufacturer with 12 global plants and a 23-year export/dealer network across 110+ countries; AI (via Huawei's ADAS and cockpit systems) is a supplied feature layer on cars like Luxeed, not a replacement for its manufacturing and distribution moat.
What is Chery's biggest competitor?: BYD, its domestic rival, which is the largest global EV seller by deliveries (about 20% global EV share, Jan-Aug 2025) and was narrowing Chery's export lead to just 17,000 units by June 2026, per BestSellingCarsBlog.
Will EU tariffs hurt Chery Automobile's exports?: Likely, if finalized. The EU was preparing as of June 20, 2026 to extend countervailing duties of 17-38% to Chinese plug-in hybrids, directly targeting Chery, BYD and SAIC, threatening the overseas segment that made up 52.4% of Chery's 2025 revenue.

Timeline

2026-06-30BYD narrows China export gap with Chery to 17,000 units; Chery export share falls to 18.1%
2026-06-20EU readies 17-38% countervailing duties on Chinese plug-in hybrids, targeting Chery
2026-03-18Chery FY2025 annual results: revenue RMB 300.29bn, net profit RMB 19.51bn, up 36.1%
2026-01-24Chery reports 2025 global sales of 2,806,393 vehicles, up 7.8%, incl. 1,344,020 exports
2026-01-23Chery announces plan to acquire Nissan's Rosslyn, South Africa plant
2026-01-02Chery passes 5.85 million cumulative exports, first Chinese brand to top 5 million
2025-09-25Chery lists on HKEX, raising HK$9.14 billion, largest 2025 HK auto IPO
2025-08-07Chery and Huawei sign Luxeed Strategic Cooperation 2.0, pledging RMB 10bn+ investment
2025-07-31Chery ranks 233rd on Fortune Global 500, up 152 spots year over year
2025-01-01Equity transfer spins Chery Automobile out of Chery Holding Group ownership structure

Revision history

25 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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