Chery Automobile Reports Robust Sales Growth in May 2026; New Energy Vehicle Sales and Export Volumes Stand Out
Chery Automobile Co., Ltd. (Stock Code: 9973) has released its unaudited sales volume figures for May 2026, revealing a strong performance that may be of significant interest to shareholders and potential investors.
Key Highlights
- Total Group Sales: The Group’s total sales volume across its five major brands reached 231,944 units in May 2026, a substantial increase of 20.7% compared to May 2025.
- Year-to-Date Sales: For the five months ended 31 May 2026, Chery sold 1,034,491 units, showing an increase of 7.5% over the same period last year.
- New Energy Vehicles (NEV): Out of the total units sold in May, 89,340 units were new energy vehicles, underlining the company’s commitment to this fast-growing sector.
- Export Volume: Export sales continue to be a major driver, with 177,666 units exported in the five-month period.
Sales Performance by Brand (May 2026 vs. May 2025)
| Brand | May 2026 (Units) | May 2025 (Units) | % Change | 5M 2026 (Units) | 5M 2025 (Units) | % Change |
|---|---|---|---|---|---|---|
| CHERY | 167,645 | 124,949 | +34.2% | 748,898 | 596,573 | +25.5% |
| EXEED | 5,882 | 11,133 | -47.2% | 26,430 | 46,409 | -43.0% |
| JETOUR | 45,557 | 45,128 | +1.0% | 210,432 | 243,627 | -13.6% |
| iCAR | 9,432 | 5,899 | +59.9% | 34,927 | 33,642 | +3.8% |
| LUXEED | 3,428 | 5,000 | -31.4% | 13,804 | 42,470 | -67.5% |
| Total | 231,944 | 192,109 | +20.7% | 1,034,491 | 962,721 | +7.5% |
Analysis and Potential Impact for Shareholders
- Strong Growth in Core CHERY Brand: The CHERY brand demonstrated robust growth, up 34.2% year-on-year in May and 25.5% for the first five months, signaling healthy demand and effective market strategy.
- iCAR and NEV Expansion: The iCAR brand led growth rates with a 59.9% surge in May unit sales, highlighting Chery’s successful push into the new energy vehicle segment, which is likely to be price-sensitive and can positively impact valuation, considering global trends toward electrification.
- Brand Weaknesses: Notably, EXEED and LUXEED brands saw significant declines (EXEED down 47.2% in May and 43.0% YTD; LUXEED down 31.4% in May and 67.5% YTD). JETOUR showed only marginal growth in May and declined year-to-date, which could be a point of concern for segment diversification and profitability.
- Exports Remain Strong: Export volumes are substantial, underlining Chery’s international competitiveness and potential insulation from domestic market volatility.
- Unaudited Figures: The data provided is unaudited and subject to adjustments. Investors should await the audited results for final confirmation but the direction is clearly positive.
Leadership and Board Composition
The announcement is signed by Chairman Mr. Yin Tongyue. The Board comprises a strong mix of executive, non-executive, and independent non-executive directors, indicating sound governance.
Conclusion
Chery Automobile’s May 2026 sales announcement reveals strong growth in its core brand and the new energy vehicle segment, alongside robust export performance. However, the sharp declines in EXEED and LUXEED may warrant investor attention. The overall positive momentum in sales, particularly in areas aligned with market trends (NEVs and exports), could influence the company’s share price favorably, pending audited confirmation.
Disclaimer: This article is based on unaudited sales data released by Chery Automobile Co., Ltd. Figures may be subject to revision. Investors are advised to review the company’s official audited results and exercise due diligence before making any investment decisions.
