The sales momentum in China's automobile market continues unabated: Chery Group's cumulative sales as of July reached 891,895 vehicles, a year-on-year increase of 47%!

Recently, Chery Group released its car sales data for July. The gratifying news is that the group sold 150,466 cars this month, a year-on-year increase of 14.4%, setting a new record again and the 14th consecutive year. Monthly sales exceed 100,000 vehicles. What’s even more striking is that the cumulative sales from January to July reached 891,895 vehicles, a year-on-year increase of 47%

It is worth mentioning that the major brands of Chery Group Brands, including Chery, Xingtu and Jietu, have achieved remarkable results in sales. The Chery brand sold 110,296 vehicles in July, a year-on-year increase of 7.7%, and the sales volume from January to July was as high as 649,723 vehicles, a year-on-year increase of 41.3%. Sales of the Xingtu brand are also very impressive. In July, 11,462 vehicles were sold, a year-on-year increase of 223.6%. The cumulative sales from January to July reached 53,702 vehicles, a year-on-year increase of 133.2%. The sales volume of the Jietu brand in July was 21,512 vehicles, a year-on-year increase of 28.9%, and the sales volume from January to July was 133,893 vehicles, a year-on-year increase of 72.2%

It is understood that Chery Group is full of confidence in its future sales performance, because in the second half of the year Chery Discovery 06, Chery eQ7, Jietu Traveler, Xingtu Yaoguang C-DM, Star Era STERRA ES, iCAR 03 and other blockbuster models will be launched one after another, and are expected to hit new sales highs

In addition to Chery Group, other car companies also performed well in sales or delivery volumes in July. BYD's new energy vehicle sales reached 262,161 units, a year-on-year increase of approximately 61.3%, and cumulative sales reached 1,517,798 units, a year-on-year increase of 87.63%. SAIC Group's new energy vehicle sales reached 91,000 units, while sales of new energy vehicles by SAIC Volkswagen, SAIC-GM and SAIC-GM-Wuling also increased significantly. Honda China's sales volume was 89,691 vehicles, and the cumulative sales of electrified models this year were approximately 133,000 vehicles. The competition among various car companies in the new energy field is extremely fierce

In summary, the Chinese auto market will continue to maintain strong growth in the first half of 2023. Chery Group leads other car companies with outstanding sales performance. At the same time, other car companies are also actively launching new energy models to cope with market challenges and contribute to the development of China's automobile industry

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