Chery Holding says domestic, export, NEV businesses all gain sales growth in July

Shanghai (Gasgoo)- Chery Holding obtained a year-on-year sales increase of 14.2% in July by selling 55,922 new vehicles. Notably, its domestic, export and NEV businesses all posted rising performance with their growth standing at 10.37%, 39.7% and 9.8% respectively.

(All-new Tiggo 7, photo source: Chery Holding's WeChat account)

For the first seven months, the group sold 291,165 vehicles in total, of which 50,327 units were PVs exported outside China, surging 41.3% from the year-ago period.

Both Chery Jaguar Land Rover and Cowin achieved sales hike in July, seeing their sales surging 47.8% and 46.8% over the previous year.

The company attributed its robust sales growth to the prompt adoption of innovative marketing models and faster roll-out of new products.

(All-new Tiggo 7, photo source: Chery Holding's WeChat account)

Chery Automobile's sales in July jumped 17.9% year on year and leapt 21.3% compared to the previous month. The company has rolled out so far this year the all-new Tiggo 5x, the all-new Tiggo 7, the all-new Tiggo 8's upgraded version and the Arrizo 5 Sports.

Chery New Energy saw its July sales vigorously rise 20% from the prior-year ago. In July, the NEV arm of Chery Holding witnessed the 150,000th Chery eQ1 roll off the production line.

(Jetour X95, photo source: Chery Holding's WeChat account)

Jetour, a PV brand owned by Chery Commercial Vehicle, has by far sold over 210,000 vehicles since it was launched in August 2018. The brand successively put such key models as the Jetour X70M and the X70 Coupe onto the market in March and April.

The group also posted strong growing momentum in terms of foreign market business. In the Jan.-Jul. period, it exported around 53,000 vehicles, of which the July volume shot up 39.7% to 9,032 units.