Gasgoo Munich- Chery Automobile Co., Ltd. has reported its first full-year results since going public, delivering a record-setting performance for 2025 as it accelerated its push into electrification, intelligent technologies, and global markets.
Image source: Chery
The Chinese automaker achieved simultaneous gains in scale and profitability, with multiple key metrics reaching historic highs, underscoring the effectiveness of its long-term strategic transformation.
Chery's core financials showed steady improvement throughout the year. Total sales of vehicles under Chery Automobile's self-owned passenger vehicles reached 2.6314 million units, up 14.6% year-on-year. Of those, new energy vehicle (NEV) sales surged 72.5% to around 826,500 units.
Annual revenue climbed 11.3% over a year ago to 300.29 billion yuan, surpassing the 300 billion yuan threshold for the first time. Net profit rose at a faster pace, increasing 36.1% to 19.51 billion yuan, with margins expanding from 5.3% to 6.5%. Profit attributable to shareholders also posted strong growth, amounting to 19.019 billion yuan with a 34.6% year-on-year jump, highlighting improved returns and operational efficiency.
The company's NEV segment emerged as a major growth engine. Revenue from new energy vehicles jumped 66.3% to 98.023 billion yuan, accounting for nearly one-third of total sales, up from 21.9% a year earlier.
With economies of scale taking effect and in-house technologies maturing, gross margins in the NEV business improved to 8.8%, marking a shift from volume-driven expansion to profitability-led growth.
Chery continues to pursue a diversified powertrain strategy spanning hybrids, extended-range systems, battery-electric vehicles, and hydrogen technologies. More than 90% of its newly launched models in 2025 featured electrified powertrains, with pricing positioned squarely in the 100,000 yuan to 400,000 yuan mass-market range.
Leveraging its expanding NEV portfolio, Chery Automobile significantly accelerated its overseas push, with exports of electrified models increasing more than fivefold year-on-year.
International markets remained a cornerstone of Chery Automobile's growth. The company exported 1.2944 million vehicles in 2025, up 33.2% year-on-year and accounting for nearly half of total sales, extending its 23-year streak as China's top passenger vehicle exporter by volume.
Overseas revenue surged 56% from the previous year to 157.42 billion yuan, representing 52.4% of total income. Europe emerged as a key breakthrough region, with sales more than tripling and expansion into 16 countries, including the UK and Italy. Right-hand-drive markets also posted triple-digit growth.
R&D investment rose sharply as Chery Automobile doubled down on innovation, with total spending reaching 14.715 billion yuan last year, up 39.6% year-on-year. The company has built a portfolio of more than 400 core technologies across five major platforms, including its Mars architecture, Kunpeng powertrain systems, Lingxi smart cockpit, Falcon intelligent driving suite, and Galaxy ecosystem.
This growing technology base is expected to underpin Chery's next phase of global expansion, as competition increasingly hinges on integrated capabilities spanning software, hardware, and mobility ecosystems.
