Chery Raises Profile On Zooming Exports
Portfolio Pulse from The Bamboo Works
Chery, a major Chinese automaker, is experiencing significant growth in exports and new energy vehicle sales. The company is considering an IPO in Hong Kong, with a valuation significantly lower than previously reported. Chery's exports have surpassed those of BYD, making it China's top car exporter. The company is expanding its production capabilities in Europe and Southeast Asia, despite potential delays due to EU tariffs.

October 15, 2024 | 4:28 pm
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Chery's export growth has surpassed BYD, making it China's top car exporter. This could impact BYD's market position and investor perception.
Chery's export growth outpacing BYD could lead to a shift in market perception, potentially affecting BYD's stock negatively in the short term.
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