By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    IAA MOBILITY 2025 Announces Powerful Lineup of Partners and Sponsors
    June 26, 2025
    BMW and Alvaro Barrington celebrate hydrogen mobility at Art Basel in Basel 2025
    June 18, 2025
    MHB DEALER EXPO 2025 – A Premier Automotive Networking Experience
    June 17, 2025
    Entries Open for The Cape 1000 – South Africa’s Most Beautiful Drive Returns for 2026
    June 10, 2025
    Ulterio Motiv Toyota Land Cruiser 6×6 and 6×4 to invade Land Cruiser Festival
    June 3, 2025
  • Bikes
    BikesShow More
    BMW Motorrad presents the new BMW CE 04
    July 3, 2025
    Desmo450 MX: Production of the first Ducati Motocross bike begins
    May 28, 2025
    25YM Honda NC750X
    May 13, 2025
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
  • News
    NewsShow More
    Tata Motors registered total sales of 2,10,415 units in Q1 FY26
    July 3, 2025
    Kia Announces June 2025 Global Sales Results
    July 3, 2025
    Automobili Lamborghini triumphs at the 2025 Red Dot Awards with the entire hybrid range
    July 3, 2025
    Volvo Cars reports June sales
    July 3, 2025
    Volkswagen Group Award 2025: Honoring supplier excellence and strenghtening strategic collaboration
    July 3, 2025
  • Concepts
    ConceptsShow More
    Mercedes-AMG presents the CONCEPT AMG GT XX
    June 25, 2025
    TOYOTA GAZOO Racing unveils liquid hydrogen-fueled “GR LH2 Racing Concept” at Le Mans
    June 11, 2025
    FIAT unveils the manifesto Grande Panda 4×4
    May 20, 2025
    Renault 4 Savane 4×4 Concept makes its global debut at Roland-Garros 2025
    May 16, 2025
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
  • Interviews
    InterviewsShow More
    24-hour race at Le Mans, the Nürburgring and Spa – triple marathon for Mercedes-AMG Motorsport
    June 10, 2025
    Kosmas “Dudie” Mamaloukos – The Formidable Racing Talent
    May 15, 2025
    Hi-Range Safari City
    Hi-Range Safari City – The Premier outfitter for 4×4 customization
    May 15, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    Europe and China’s automotive future in a shifting global order
    May 5, 2025
  • EVs
    EVsShow More
    Polestar 4 wins the 2025 Mille Miglia Green
    June 27, 2025
    IONIQ 5 N Earns Coveted ‘Five-Star Car’ Accolade at 2025 Autocar Awards
    June 26, 2025
    Polestar 3 OTA update introduces new Abbey Road Studios Mode exclusively for Bowers & Wilkins audio system
    June 18, 2025
    No Compromise Ford Ranger PHEV Brings Electric Power to Europe’s Best-Selling Pickup
    June 18, 2025
    Scania launches MCS rapid charging solution at EVS38
    June 18, 2025
  • Motosport
    MotosportShow More
    The BMW M2 CS sets a new record of 7:25.5 minutes on the Nürburgring-Nordschleife
    July 3, 2025
    Nissan Formula E Team to field Abbi Pulling and Gabriele Minì in Berlin Rookie Test
    July 3, 2025
    Castrol NWM Ford Team Secure Dominant Victory and Strong Finishes at Bronkhorstspruit
    July 3, 2025
    VARIAWA CLAIMS P2 AS TGRSA OPENS 2025 SARRC CAMPAIGN
    July 3, 2025
    Maserati MCXtrema revives MC12 legend at CrowdStrike 24 Hours of Spa
    June 26, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    MAN celebrates 70 years of tradition and modernity at its Munich plant
    July 3, 2025
    Tata Motors strengthens presence in Qatar with the launch of all-new LPO 1622 bus
    June 26, 2025
    Scania launches MCS rapid charging solution at EVS38
    June 18, 2025
    Daimler Truck and Volvo Group launch Coretura
    June 17, 2025
    Volvo Trucks launches upgraded Volvo Dynamic Steering system to increase road safety
    June 17, 2025
  • Reviews
    ReviewsShow More
    Introducing the Land Cruiser Hybrid 48V: a new powertrain for Toyota’s legendary SUV
    June 23, 2025
    THE NEW HAVAL H6 SUV IS HERE, AND IT’S BUILT FOR BIG MOMENTS!
    June 18, 2025
    THE NEW PEUGEOT E-208 GTi MORE PLEASURE. MORE GTi THAN EVER!
    June 17, 2025
    New BMW XM options: maximum exclusivity and breathtaking performance.
    June 12, 2025
    The Audi Q5 e-hybrid: all-rounder with great electric range
    June 11, 2025
  • Tech
    TechShow More
    Gaming fun on the go: Audi integrates AirConsole
    June 26, 2025
    New Kia App provides European drivers with a unified digital experience
    June 17, 2025
    Abbey Road Studios Mode makes global debut in Volvo EX90
    June 17, 2025
    Audi develops the picking process of the future
    June 2, 2025
    Volvo EX90 LiDAR and smartphone cameras: What you need to know
    June 2, 2025
Hot News
The BMW M2 CS sets a new record of 7:25.5 minutes on the Nürburgring-Nordschleife
Tata Motors registered total sales of 2,10,415 units in Q1 FY26
Nissan Formula E Team to field Abbi Pulling and Gabriele Minì in Berlin Rookie Test
Kia Announces June 2025 Global Sales Results
Automobili Lamborghini triumphs at the 2025 Red Dot Awards with the entire hybrid range
Auto Shows

Maserati 200S on show at LARUSMIANI Automotive Gallery during Milan Design Week 2025

Electric Vehicles

World Car Awards: Volvo EX90 claims World Luxury Car title

Trucks & Buses

All new buses from Daimler Buses with digital services on the move

Latest News

Mustang Celebrates 60th Anniversary, Best-Selling Sports Car Globally for 10+ Years

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

Chery debuts on Fortune Global 500

Itumeleng Garebatshabe
Last updated: August 8, 2024 17:01
By Itumeleng Garebatshabe
356 Views
3 Min Read
Share
3 Min Read
SHARE

Chery joined yet another exclusive club, when the Chery Holding Group made its grand debut on the Fortune Global 500 list on 5 August.

It ranked at the 385th position with a revenue of $39 billion.

- Advertisement -
Ad image

The Fortune Global 500 list ranks the top 500 companies globally based on their respective fiscal years. The list is compiled by the esteemed Fortune magazine.

This is another impressive milestone for the Chinese automotive juggernaut, which was born from humble beginnings a mere 27 years ago. This achievement is once again a testimony to how Chery’s core values, such as environmental sensitivity, the pursuit of cutting-edge technology, market-leading quality and value, and the importance of family and companionship, have shaped it into a globally recognised and respected enterprise with 14.2 million end users of their products.

Chery currently operates in 80 countries and regions and is one of the Chinese automotive brands on the Fortune Global 500 list with one of the most extensive global footprints.

Chery is, of course, riding the crest of the wave of quality development. From 2021 to 2023, the group’s annual sales increased from 962 000 to 1.881 million vehicles, nearly doubling in three years. It has exported 3.9 million units and, in the process, maintained its position as the leading Chinese exporter of passenger cars. In 2023 one in every three exported Chinese passenger vehicles was a Chery. In the first half of 2024, Chery sales have already exceeded 1.1 million vehicles.

“Chery will, however, not allow accolades like these to estrange us from our loyal customer base. If anything, this only intensifies our determination to grow closer to markets such as South Africa where love for the Chery brand has surpassed our wildest expectations,” said Tony Liu, Chery South Africa’s Executive Deputy General Manager.

Chery’s inclusion in the Fortune Global 500 list comes hot on the heels of its Gold Award in the annual NADA Dealer Satisfaction Index as well as its top spot in the auto category of the prestigious Google X Kantar BrandZ Top 50 Chinese Global Brand Builders for 2024.

TAGGED:CheryChery Holding GroupFortune Global 500

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Latest News

Chery celebrates historic milestone with one-millionth Tiggo 4 export

By Itumeleng Garebatshabe
March 12, 2025
Latest News

Chery earns top spot in prestigious brand report

By Itumeleng Garebatshabe
June 25, 2024
Latest News

Chery reinforces its commitment to safety with the Tiggo 8 PHEV

By Itumeleng Garebatshabe
May 8, 2025
Latest News

Three in a row for Chery

By Itumeleng Garebatshabe
July 8, 2024
Latest News

Chery launches LEPAS brand with L8 luxury SUV

By Itumeleng Garebatshabe
April 25, 2025
Latest News

Chery’s TIGGO 7 PRO Receives Five-Star ANCAP Rating

By Itumeleng Garebatshabe
December 20, 2023

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner