Chery Holding’s Jan.-May exports surge despite worldwide coronavirus spread

Shanghai (Gasgoo)- Chery Holding announced last week its auto sales in May climbed 3.9% over a month ago to 41,634 units, displaying month-on-month growth for the third month in a row.

Its overseas markets' performance hasn't been whittled down by the worldwide spread of the novel coronavirus. The company said it exported a total of 35,279 PVs during the first five months, a remarkable growth of 53.3% from a year ago. Of those, 5,454 units were sold in May, which rose 2.1% compared to April.

(The all-new Tiggo 8, photo source: Chery Automobile)

Chery Holding stated its PV sector posted a 6.8% month-over-month increase in May sales. The brands like Chery, EXEED, Chery Jaguar Land Rover (CJLR), Cowin and Qoros all attained growth compared to April.

CJLR boasted a substantial year-on-year growth of 38.3% in its May wholesale volume, which was also 24.2% more than that of a month ago, the Sino-British premium auto joint venture announced on June 4.

This was the second month in a row that CJLR achieved growth compared to both the year-ago and month-ago period. In April, the joint venture saw its sales surge 40.99% from the previous year and skyrocket 125.54% from a month earlier. The rosy growth was partially thanks to the orders backlogged during the first quarter when the whole country threw itself into the anti-coronavirus fight.

Moreover, the sales of Chery Holding's NEV unit, which operates the eQ1 (at home also known as AnteQ), the Tiggo e, the Arrizo e and others, climbed 7.6% over the previous month.