Chery Holding Achieves Record Sales in August 2024
Chery Holding, a leading Chinese automaker, reported a significant increase in vehicle sales for the month of August 2024. The company sold a total of 211,879 vehicles, marking a 23.7% year-over-year growth. This strong performance was driven by a surge in sales of new energy vehicles (NEVs), which reached 46,526 units, representing a remarkable 158.5% increase compared to the same period last year. Additionally, exports rose to 97,866 units, a 12.7% year-over-year increase.
From January to August 2024, Chery Holding’s cumulative vehicle sales surpassed 1.5 million units, totaling 1,508,259 units. This figure reflects a robust 41.9% surge from the previous year. In the domestic market, Chery sold 787,954 vehicles, a remarkable 61.57% year-on-year increase, while overseas exports stood at 720,305 units, up by 25.2% from the same period last year.
Breaking down the sales performance by brand, Chery’s four main passenger vehicle brands demonstrated strong growth. The Chery brand sold 131,734 vehicles in August, with cumulative sales reaching 961,624 units from January to August, a 34.8% year-over-year increase. The EXEED brand recorded sales of 11,339 vehicles in August and 80,229 vehicles in the first eight months of the year, indicating a 22% year-on-year growth.
The JETOUR brand achieved sales of 51,785 vehicles in August, with year-to-date sales totaling 316,446 vehicles, a significant 95.5% year-over-year spike. Notably, the brand’s sales volume for the first eight months of 2024 has already surpassed the total sales for the entire year of 2023.
Chery’s new energy vehicle brand, iCAR, introduced its first production model six months ago. The model achieved monthly sales of 5,967 units in August, with a total of 37,681 units sold so far this year.
Overall, Chery Holding’s strong sales performance in August 2024 underscores the company’s continued success in the automotive industry. With a focus on innovation and sustainability, Chery is well-positioned for future growth and expansion in both domestic and international markets.
