Cheri Cars Rus

Performance indicators

2023: Revenue growth by 4 times to 556 billion rubles

The revenue of the Russian subsidiary Chery in 2023 amounted to 556 billion rubles, which is almost 4 times more than revenue a year ago. The company's net profit during this time increased by 16.5% and reached 34.7 billion rubles. Such data of Cheri Avtomobily Rus JSC were disclosed in April 2024.

According to Interfax, citing the company's materials, Chery's annual revenue in the Russian Federation has become the highest among all automakers on the Russian market. Previously, the largest turnover in the market was recorded among automakers that have their own factories in Russia. So, in 2021, Volkswagen's indicators amounted to 354.8 billion rubles, Toyota - 332 billion rubles. For AvtoVAZ, the record figure is 301.2 billion rubles.

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Car sales in 2023 brought Chery about 538.6 billion rubles, which is 3.8 times more than a year ago. Sales of automotive parts increased by about the same amount and reached 16.2 billion rubles.

In 2023, 220 thousand Chery cars were sold in Russia. This includes models and subsidiary brands, including Chery, Exeed, Omoda and Jaecoo. According to Avtostat, 118,950 cars were sold directly under the Chery brand on the Russian market in 2023, which allowed the company to become a leader in the car market with a share of 11.2% against 6.3% in 2022.

The most popular Chery model on the Russian market in 2023 was the Tiggo 7 PRO Max crossover, which was sold in the amount of 41,057 copies during the specified period in Russia. The second place was taken by the compact crossover Chery Tiggo 4 PRO with an indicator of 32,936 cars (an increase of 15.7 times compared to 2022). The leading three was closed by the Chery Tiggo 8 PRO Max all-wheel drive seven-seater SUV (14,765 cars sold in 2023).^[1]

History

2024: Resumption of production in Russia

In October 2024, Chinese automaker Chery began assembling cars in Russia for sale in the country at three plants vacated by Western competitors, including Volkswagen and Mercedes.

Chinese automakers have captured more than half of the Russian car market in terms of sales since most Western competitors left the country. Now they are expanding their sphere of influence to cover most of Russian domestic production.

2023: Popular Chinese cars in Russia can be stolen by a code that can be obtained from a dealer or bought on AliExpress

In mid-July 2023, it became known that Chinese-made cars popular in Russia can be stolen by a code that can be obtained from a dealer or purchased on AliExpress. Read more here.

2022

Negotiations in Russia on the organization of the production of brand cars in Russia

In August 2022, Chery is negotiating with a number of Russian manufacturers to organize the production of brand cars in Russia.

Financing from Sberbank in the amount of 980 million rubles

Sber January 26, 2022 announced a deal to financing in the amount of 980 million rubles s. The company Russian distributor the Chinese automotive company CHERY intends to use the funds received to support and develop its business, create additional jobs in. As of Russia January 2022, this is the first transaction of Sberbank implemented with a representative of a foreign automotive company.

CHERY is a dynamically developing company, both in the world market and, in particular, in Russia. In our country, the Company is represented by two brands of cars - CHERY and EXEED. In 2021, the Company's sales in Russia increased 3.5 times compared to 2020. The positive growth dynamics is maintained due to the renewal of the model lines of brands, adequate pricing and customer confidence. In December 2021, the concern's market share amounted to 3.6% of sales of cars and commercial vehicles in Russia.

{{quote 'author = said Vyacheslav Tsybulnikov, Vice President of Sberbank - Chairman of Moscow Bank. |

The implemented transaction is the beginning of strategic interaction between CHERY and Sberbank in various areas of activity. This project will allow the carmaker to increase sales in our country and will be the key to the further development of our mutually beneficial cooperation in the course of the implementation of new projects, }}

Шаблон:Quote 'author = Vladimir Shmakov, director of JSC "CHERI AVTOMOTKI RUS."

2021: Derweis plant, which produces Chery cars, sells for 1.5 billion rubles after bankruptcy

In April 2021, it became known about the auction from which the property of the Derways plant will be sold. Real estate, equipment and other assets are sold in one lot for about 1.5 billion rubles. Read more here.

Notes