Chery Officially Listed on Hong Kong Stock Exchange with $1.2 Billion IPO

Chery has officially been listed on the Hong Kong Stock Exchange with an initial public offering worth up to $1.2 billion.

Chery Automobile has now been officially listed on the Hong Kong Stock Exchange (HKEX) through an initial public offering (IPO) worth up to $1.2 billion (RM5.063 billion), with the firm starting trading on the exchange on Sept 25 under the ticker 9973.HK.

With this listing, the Wuhu-based automaker now holds the record for the largest IPO globally in the automobile segment in 2025, as well as becoming the largest first-time IPO on the HKEX since Nov 2022.

From the IPO, Chery said it has managed to attract up to 13 major investors, including Hillhouse's HHLR, Greenwoods Asset Management, Dajia Life Insurance, and Gotion Hong Kong, as well as state-owned enterprises and some companies in the upstream and downstream of the industrial chain.

Chery Automobile Co. Ltd Chairman Yin Tongyue

Commenting on this momentous occasion, Chery Automobile chairman Yin Tongyue has expressed his gratitude to government leaders, shareholders, investors, global partners, users, and employees.

"This listing on HKEX is an important step for Chery to enter the international capital market, and also a new starting point for us to shoulder greater responsibilities and embrace greater missions

"In the future, Chery will not only pursue the success of commercial value but also strive to contribute more to society," the chairman continued.

Chery’s public listing on HKEX is a culmination of decades of work since its establishment back in 1997. More importantly, this IPO came right in time, with the Wuhu-based automaker set to continue its 22-year streak as China’s leading passenger vehicle exporter, with a total of 1,484,563 vehicles already delivered from Jan to July this year, and 669,360 of them were designated for the export markets.

More importantly, the automaker also recently reached yet another milestone, as it became the first Chinese automotive brand to export 5 million vehicles globally, with its global user base now growing to over 17.18 million, with more than 5.17 million being overseas users.

Besides the record-breaking export numbers, Chery has also achieved a positive financial growth prior to this IPO, with its operating revenue recorded at CNY 68.22 billion (RM40.354 billion) and a net profit of CNY 4.73 billion (RM2.797 billion) in the first quarter of 2025, which marks a significant year-on-year (YoY) increase of 90.9%.