Chery Sees Growth In Markets Outside Of China

Chery Sees Growth In Markets Outside Of China

The Chery Group, which is expected to launch its OMODA 5 SUV in Malaysia, has posted a significant increase in its export sales. In January 2022, its overseas sales amounted to 26,900 vehicles, a 60.9% year-on-year increase. Although it is only about a quarter of its total monthly sales of 107,710 vehicles, it shows that sales outside of China is growing especially in markets like Russia, Chile, Brazil and Egypt. Incidentally, its January sales had increased by 20% year-on-year and is the best January ever in its sales history.

Russia is one of its major foreign markets, having been there for about 17 years. For the month of January, its sales in Russia grew 47% yoy, ranking it 10th among all automotive brands, according to data from the Association of European Businesses (AEB). The Tiggo 7 Pro is Chery’s best-selling model in Russia for the month.

Chery Tiggo 2 ProMeanwhile, Chery ranked 2nd in Chile, selling 2,969 units (+188% yoy) in January. This gives the brand a market share of 8%, according to Asociación Nacional Autoriz de Chile A.G. (ANAC) data. The company also continued to top the SUV segment in January with a market share of 20.5%, its biggest contributor being the Tiggo 2.

In Brazil, Chery ranks among the top 10 passenger vehicle brands. In January, it sold 3,131 vehicles (+36.6% yoy) and captured 3.4% of the market based on data released by the National Motor Vehicle Distribution Federation (Fenabrave). The Arrizo 6 Pro ranked 4th in the car segment with a 6.47% market share, while the Tiggo 3X, Tiggo 8, Tiggo 5X and other models continued to sell well.

Chery’s sales in Egypt also managed to maintain a steady growth. It sold 1,658 vehicles in January, a year-on-year increase of 87.3%. This comes after having reached a historical peak by ranking 3rd in total automobile sales in December 2021. According to Egyptian media brand, Contactcars, 2,186 Chery vehicles were registered in January.Chery Tiggo 8 Pro (2)

Thus far, Chery has accumulated more than 10 million users worldwide, including 1.95 million users outside of China. In 2022, with the formal commissioning of Chery’s Future Factory of Intelligent Connected Vehicles, improvements in technology, products and the brand, the launch of new products including OMODA 5, as well as the further promotion of adaptive product development and globalisation efforts, the sales volumes of the Chery Group are expected to rise to a new level.


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