China’s Chery sees its foreign EV sales topping 1 million as world wary in energy crisis
Chery, China's largest car exporter, anticipates a significant surge in its foreign electric vehicle (EV) sales, projecting a 27% increase this year. The company aims for overseas EV deliveries to reach approximately 1.05 million units by 2026, with new-energy vehicles comprising up to 70% of its total international sales. This growth is attributed to a global energy crisis that is driving demand for battery-powered cars, alongside Chery's strategic pivot towards electric mobility. AI
IMPACT Anticipated increase in EV sales may indirectly boost demand for AI-driven automotive technologies and battery management systems.