Domestic auto market under pressure, multiple automakers compete in overseas markets | Going global • Automobiles

WealthCoffee · 2026-03-20T13:37:35+00:00

In recent years, several automakers have released their 2025 financial reports, indicating that the growth rate of the domestic market has slowed down, prompting them to shift their focus to overseas markets. Chery Automobile's exports increased by 33.2% in 2025, with nearly half of its sales and over half of its revenue coming from overseas markets, highlighting the significance of international markets for its profit growth.

WealthCoffee

2026-03-20 13:37:35

Abstract generation in progress

[Caixin] Recently, several automakers released their 2025 financial reports and disclosed their 2026 plans. Domestic market growth is expected to slow down, while overseas markets have become a shared business focus for many automakers.

Chery Automobile (09973.HK) is the leading exporter among domestic automakers, with exports increasing by 33.2% year-on-year to 1.294 million units in 2025. In 2025, Chery’s retail sales of passenger vehicles in China increased by only 1% year-on-year. The growth in sales and revenue mainly came from overseas markets. The financial report shows that in 2025, overseas markets contributed approximately 49.2% of Chery’s sales volume, but accounted for 52.4% of revenue. This indicates that Chery’s profit growth is primarily driven by overseas markets.

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