Chery Automobile reported a 51% year-on-year (YoY) increase in overseas revenue and a 63.8% rise in new energy vehicle (NEV) revenue in the first half of 2026, according to its first interim results since listing in Hong Kong.
For the six months ended June 30, Chery recorded revenue of RMB 143.28 billion (USD 21.3 billion), up 1.2% YoY. Gross profit rose 25.1% to RMB 23.04 billion (USD 3.4 billion), while its gross profit margin increased to 16.1% from 13% in the same period last year.
Profit attributable to owners of the company reached RMB 8.57 billion (USD 1.3 billion). Chery reported a net profit margin of 6.3%, compared with an operating profit margin of 3.8% for China’s automotive manufacturing sector and an average profit margin of around 1.5% for domestic vehicle manufacturers, citing data from the National Bureau of Statistics and China Association of Automobile Manufacturers, respectively.
As of June 30, Chery held RMB 63.42 billion (USD 9.4 billion) in cash and cash equivalents, providing liquidity for areas including R&D, capacity expansion, brand development, and overseas operations.
NEVs account for more than 40% of revenue
