Chery Group achieves first-time entry into Fortune Global 500, ranking 385th

Chery Group has proudly made its debut on the 2024 Fortune Global 500 list, ranking 385th with an impressive revenue of $39.0917 billion.  

Chery, was founded 27 years ago and has grown into a globally recognised enterprise with 14.2 million users worldwide. The company now operates in over 80 countries and regions and continues to expand into new markets.

Chery is currently on a high-speed path of quality development. From 2021 to 2023, the group's annual sales increased from 962,000, 1.233 million to 1.881 million vehicles, nearly doubling in three years. Chery has cumulatively exported 3.9 million vehicles, maintaining its position as the leading Chinese brand in passenger car exports for 21 consecutive years. In 2023, one in every three Chinese passenger cars exported overseas was a Chery. In the first half of 2024, Chery's sales exceeded 1.1 million vehicles, a 48.4% year-on-year increase, setting a new historical record.

In Australia, Chery is one of the fastest growing brands, achieving a year-on-year increase of 127% (July VFACTS). Chery will also be launching their first electric vehicle in September, followed by the new urban SUV, TIGGO 4, later in the year.