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Chery Holding posts NEV sales growth of 250% year on year in H1

Shirley From Gasgoo| July 10 , 2018

China auto news, Chery H1 sales,  Qoros Jaguar Land Rover H1 sales

Shanghai (Gasgoo)- Chery Holding Group reported a year-on-year sales increase of 8.8% to 343,000 vehicles during the first half of 2018. Specifically, the exported and new energy vehicles posted remarkable sales growth. During the past six months, sales of exported vehicles reached 67,459 units, jumping 24.2% from a year earlier, while the NEV sales reached 33,363 units, soaring 258.7% on an annual basis.

As to the sales growth of brands under the group, Chery Automobile posted year-on-year sales growth of 4.5% during the past six months and 8.6% in June. During the past six months, sales of Qoros shot up 417.6% over the previous year, while Jaguar Land Rover achieved a sales growth of 17.8% from the same period a year ago. Chery saw commercial vehicle sales jump 19.7% during the first half of this year.

During the second quarter, Chery achieved two-digit monthly sales in April, May and June, which respectively were 17.5%, 26.6% and 15% on an annual basis. Among them, May saw its recorded imported vehicle sales with a year-on-year growth of 48.6%. What's more, Chery achieved monthly NEV sales growth of 188.63%, 183% and 136.8% respectively in April, May and June year on year. During the past six months, Chery's NEV sales soared 250% from the corresponding period a year ago.

With total volume of imported vehicles reaching around 1,400,000 units, Chery has imported the most passenger vehicles in China for 15 years in a row. This year, Chery expanded its overseas footprint further in passenger vehicle segment. Meanwhile, the Anhui-based automaker imported 7,512 vehicles during the first half of this year, skyrocketing 591.1% from a year earlier. It is expected that the whole exported volume of the group will top 120,000 units in 2018.

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