Chery Holding triples NEV sales in Q1 with 53,054 vehicles sold

Beijing (Gasgoo)- In March, Chery Holding celebrated the third month of positive year-on-year growth in sales this year, with its new energy vehicle sector doing exceptionally well, the auto group reported on April 11th.

EQ1; photo credit: Chery Auto

Despite the various external circumstances that could affect sales, Chery Holding still sold 81,818 vehicles in March, edging up 2.2% year over year. From January to March, the group sold 229,277 vehicles in total, indicating an 11.5% increase from the year-ago period. 

With 60,273 vehicles sold, Chery Auto managed a 14.4% year-on-year boost in its March sales. For the first three months of 2022, the brand sold 172,155 vehicles, jumping 25.9% from a year ago. 

During the first quarter of 2022, the accumulative sales volume of Chery Holding’s new energy vehicles amounted to 53,054 vehicles, more than tripled from the same period in 2021 by 212%. 

The two signature new energy models under Chery Auto, namely the EQ1 (Little Ant) and the QQ Ice-cream, helped drive sales in the quarter. The brand sold a combined volume of 50,013 new energy vehicles in the past three months, skyrocketing 255.4% year over year. Up to now, new energy vehicle sales have accounted for 29% of Chery Auto’s new vehicle sales. 

On the other hand, Chery Holding exported 69,907 vehicles in the three-month span in 2022, representing a 30.8% hike from a year ago.