Chery posts 34.6% profit jump in 2025 on strong sales
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Chery's net income surged 34.6% year-on-year to 19.02 billion yuan ($2.77 billion) in 2025, driven by a record global delivery of 2,631,381 vehicles. Total revenue increased by 11.3% to 300.29 billion yuan. Despite competition, overall gross margin rose to 13.8%. However, the gross margin for core passenger vehicles fell to 12.8%. Chery increased capital expenditure and R&D costs significantly to support growth. The Luxeed and iCar brands saw substantial sales growth, while the Exeed brand experienced a decline. Chery will also acquire a Nissan plant in South Africa.
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