← Chery Automobile overview

Chery Automobile vs Xiaomi: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Chery Automobile Co Ltd (9973.HK)

Q3 2026
▲3▼1

Chery Accelerates Global Expansion with New Markets and Brands

  • Global Market Expansion Chery entered Canada, Japan, and South Africa, opened a South Africa plant, and launched the LEPAS brand, significantly broadening its international footprint and opening new revenue streams.

    This is a major new development that expands Chery's addressable market and growth potential.

  • Strong Sales Performance EU registrations surged 250.9% year-to-date to 116,318 units, H1 exports rose 71.5%, and the Jaecoo 7 became the UK's best-selling model, demonstrating robust demand for Chery vehicles.

    These metrics show exceptional sales growth and market acceptance, directly boosting investor confidence.

  • Strategic Investments and Analyst Coverage Chery surpassed Tesla China in EV exports, invested $75 million in KG Mobility, and JPMorgan initiated coverage with an overweight rating, highlighting strategic moves and positive analyst sentiment.

    These actions and endorsements signal strategic positioning and financial community confidence.

  • Execution and Regulatory Risks New plants and brands face execution and ramp-up challenges, rapid expansion may strain resources amid regulatory and tariff pressures, and Canadian volumes remain small with uncertain returns.

    These risks could hinder growth and profitability, providing a balanced view of potential headwinds.

September 2026
▲4

Chery's European and UK demand surges, broker backs stock

  • EU sales up 250.9% year-to-date EU new car registrations rose 4.5% in August, and Chery's EU sales jumped 250.9% to 116,318 units so far this year. That is a huge increase in actual customer purchases, which directly boosts Chery's revenue and profit.

    Shows real demand growth in a key region, a core reason the stock is moving up.

  • UK best-seller and market share gains UK new car sales rose 12% in September, and Chery's Jaecoo 7 SUV was the best-selling model. This follows earlier UK momentum, but the best-seller status is a new milestone that confirms Chery's brand is winning over British buyers.

    New milestone in a major market, reinforcing the growth story.

  • European factory plans and steel demand Chery is teaming up with a local partner to take over an old Nissan plant in Spain, and Thyssenkrupp named Chery as a key driver of future steel demand from Chinese automakers in Europe. Building locally helps avoid EU import rules and supports long-term sales.

    Shows Chery is investing to secure European production, reducing regulatory risk and supporting future growth.

  • JPMorgan starts coverage with overweight JPMorgan initiated coverage of Chery with an overweight rating, meaning the bank expects the stock to outperform. This can attract new investors and support the share price, even as some other Chinese companies delay Hong Kong IPOs.

    A major broker's positive rating can directly influence investor demand for the stock.

Latest
▲4

Chery's European and UK demand surges, broker backs stock

  • EU sales up 250.9% year-to-date EU new car registrations rose 4.5% in August, and Chery's EU sales jumped 250.9% to 116,318 units so far this year. That is a huge increase in actual customer purchases, which directly boosts Chery's revenue and profit.

    Shows real demand growth in a key region, a core reason the stock is moving up.

  • UK best-seller and market share gains UK new car sales rose 12% in September, and Chery's Jaecoo 7 SUV was the best-selling model. This follows earlier UK momentum, but the best-seller status is a new milestone that confirms Chery's brand is winning over British buyers.

    New milestone in a major market, reinforcing the growth story.

  • European factory plans and steel demand Chery is teaming up with a local partner to take over an old Nissan plant in Spain, and Thyssenkrupp named Chery as a key driver of future steel demand from Chinese automakers in Europe. Building locally helps avoid EU import rules and supports long-term sales.

    Shows Chery is investing to secure European production, reducing regulatory risk and supporting future growth.

  • JPMorgan starts coverage with overweight JPMorgan initiated coverage of Chery with an overweight rating, meaning the bank expects the stock to outperform. This can attract new investors and support the share price, even as some other Chinese companies delay Hong Kong IPOs.

    A major broker's positive rating can directly influence investor demand for the stock.

August 2026
▲4

Chery's overseas push broadens as rivals stumble in key markets

  • UK sales momentum builds Chery's Jaecoo E5 became the UK's third best-selling electric car in July, helped by Britain's decision not to tariff Chinese EVs. Super Group also credited Omoda, Jaecoo and Chery for driving its UK sales volumes up 22.1%, well ahead of the national market. More UK sales mean more revenue and profit for Chery.

    Shows Chery winning real volume in a tariff-free European market, a direct earnings driver.

  • New markets: Japan and South Africa Chery is co-developing a small 'kei' electric car with Japan's Autobacs Seven for launch next year, and is entering South Africa's pickup truck market, a segment long dominated by Toyota and Ford. Both moves open new sales channels as growth slows at home and Western tariffs bite.

    New geographic and product expansion is a structural growth driver beyond Chery's existing markets.

  • Robotics arm scales up Chery's EXEED AiMOGA Robotics passed 2,000 cumulative global deliveries across more than 60 countries, using Chery's factories, supply chain and service network. It is a small business today, but shows Chery can commercialise new technology and diversify beyond cars.

    Signals a new revenue stream and technology credibility that can support valuation over time.

  • Overtakes Tesla in China exports In August, Chery ranked ahead of Tesla China in passenger electric-vehicle exports, behind only BYD and Geely. Tesla's China exports fell 45.5% month on month. Chery's rising export rank shows it is gaining share in the global EV trade even as competition intensifies.

    Direct evidence Chery is out-competing a major rival in export volumes, a key growth metric.

▲4

Chery's overseas push broadens as rivals stumble in key markets

  • UK sales momentum builds Chery's Jaecoo E5 became the UK's third best-selling electric car in July, helped by Britain's decision not to tariff Chinese EVs. Super Group also credited Omoda, Jaecoo and Chery for driving its UK sales volumes up 22.1%, well ahead of the national market. More UK sales mean more revenue and profit for Chery.

    Shows Chery winning real volume in a tariff-free European market, a direct earnings driver.

  • New markets: Japan and South Africa Chery is co-developing a small 'kei' electric car with Japan's Autobacs Seven for launch next year, and is entering South Africa's pickup truck market, a segment long dominated by Toyota and Ford. Both moves open new sales channels as growth slows at home and Western tariffs bite.

    New geographic and product expansion is a structural growth driver beyond Chery's existing markets.

  • Robotics arm scales up Chery's EXEED AiMOGA Robotics passed 2,000 cumulative global deliveries across more than 60 countries, using Chery's factories, supply chain and service network. It is a small business today, but shows Chery can commercialise new technology and diversify beyond cars.

    Signals a new revenue stream and technology credibility that can support valuation over time.

  • Overtakes Tesla in China exports In August, Chery ranked ahead of Tesla China in passenger electric-vehicle exports, behind only BYD and Geely. Tesla's China exports fell 45.5% month on month. Chery's rising export rank shows it is gaining share in the global EV trade even as competition intensifies.

    Direct evidence Chery is out-competing a major rival in export volumes, a key growth metric.

July 2026
▲2▼2

Chery accelerates global expansion with new plants, brands, record exports

  • Global expansion and record exports Chery entered Canada with a small quota, opened a South Africa plant, launched LEPAS NEV brand in Europe, Middle East, Thailand, and Indonesia, and saw EU registrations surge 268.7% to 84,987 units in H1 2026. H1 exports rose 71.5%.

    This is the main positive force driving Chery's growth and investor sentiment during the period.

  • Strategic investment and sales milestone Chery invested $75 million in South Korea's KG Mobility and surpassed 20 million cumulative sales, reinforcing its global footprint and scale.

    These events highlight Chery's strategic moves and growing scale, supporting the positive narrative.

  • Execution and ramp-up risks New plants and brand launches carry execution and ramp-up risks, and rapid expansion may strain resources amid competitive, regulatory, and tariff pressures in developed markets.

    This is the key counterweight that could temper the positive impact of Chery's expansion.

  • Uncertain returns from Canada Canada volumes remain small and require Canadian control, making returns uncertain and potentially limiting near-term profitability from that market.

    This specific risk highlights a challenge in one of Chery's new markets, balancing the positive expansion news.

▲4

Chery's global expansion accelerates with new markets, plants, and record exports

  • Canada low-tariff EV quota exploration Chery is among four Chinese automakers exploring Canada's low-tariff EV import quota and considering joint ventures. This could open a new developed market, boosting future sales and profit, though initial volumes are small and rules require Canadian control.

    New market access with potential upside, directly relevant to growth outlook.

  • LEPAS brand launches in Thailand and Indonesia Chery's premium NEV brand LEPAS launched the L6 EV in Thailand and L8 PHEV in Indonesia, with more models planned for Europe, Australia, Africa, and the Middle East. This expands global sales and leverages Chery's ecosystem, supporting revenue growth.

    New product launches in key Southeast Asian markets signal expanding global footprint.

  • OMODA & JAECOO AI cockpit debut and South Africa plant OMODA & JAECOO debuted the OMODA 4 SUV and AI cockpit in Indonesia, and broke ground on its first South African plant for the JAECOO 5. These moves boost technology leadership and local production, supporting demand in emerging markets.

    Combines technology differentiation and local manufacturing, both key growth drivers.

  • Investment in KG Mobility and 20 million sales milestone Chery invested $75 million in South Korea's KG Mobility via convertible bonds, gaining ~10% stake and potential production collaboration. Chery also surpassed 20 million cumulative sales, with H1 exports up 71.5% year-on-year, confirming strong global demand.

    Capital deployment and record export data reinforce growth trajectory and market confidence.

▲4

Chery's global expansion accelerates with new plants and export shipments

  • Canada market entry Chery is actively entering Canada, holding dealer meetings and planning Q4 sales. This opens a new market for its vehicles, though the initial quota is small. It signals progress in a developed market and a practice run for the US, supporting future growth.

    New market entry expands Chery's addressable demand and shows strategic progress.

  • South Africa plant opening Chery opened its Rosslyn plant in South Africa, retaining all 692 employees and planning production for mid-2027. This local manufacturing boosts presence in Africa, reduces import costs, and supports long-term demand growth.

    Local production capacity enhances competitiveness and market share in a key region.

  • LEPAS global deliveries begin Chery's new energy brand LEPAS shipped nearly 1,500 L8 PHEVs to Europe and its first batch to the Middle East. These initial deliveries mark the start of global sales for the premium brand, indicating strong export demand and expansion into new markets.

    First shipments of a new brand demonstrate execution and open additional revenue streams.

  • EU registrations surge Chery's EU registrations jumped 268.7% to 84,987 units in the first half of 2026, far outpacing the overall market. This rapid growth shows strong consumer acceptance and increasing market share in Europe, a key high-margin region.

    Triple-digit growth in a major market directly boosts revenue and brand strength.

Xiaomi Corp (1810.HK)

Q3 2026
▼2▲1

Xiaomi's EV and AI shine, but phone slump drags

  • EV and AI breakthroughs Xiaomi's EV revenue exceeded 100 billion yuan, with SU7 outselling Mercedes in China. Its MiMo-V2.5 AI model ranked first globally, showing strong innovation beyond smartphones.

    Highlights major new growth drivers that boosted investor optimism.

  • Smartphone shipment collapse A memory-chip shortage forced Xiaomi to cut its phone-target by 30%. China shipments fell 21.7% and global shipments dropped 26%, severely hurting its core business.

    Explains the primary drag on financial performance and stock sentiment.

  • Profit squeeze and new business losses Q2 net profit fell 42.6% due to higher memory costs and fierce competition. New businesses lost 2.6 billion yuan, adding pressure on overall profitability.

    Directly addresses the earnings decline that concerned investors.

  • Competitive and regulatory shifts India duty cuts and incentives helped, and Xiaomi launched a self-developed chip and cheaper foldable. But Apple's foldable iPhone entry intensifies premium competition.

    Shows both supportive policy and rising competitive threats.

September 2026
▲3▼1

Xiaomi's chip and foldable push sharpens its premium edge

  • Xiaomi unveils Xring O3 chip, taps TSMC for manufacturing Xiaomi introduced its self-developed Xring O3 chip, made by TSMC on 3-nanometer technology, plus two other chips for AI and autonomous driving. This reduces reliance on outside suppliers and strengthens Xiaomi's technology story, supporting the stock's long-term value.

    This is a new event that boosts Xiaomi's technology credentials and future pricing power.

  • Xiaomi 18 Fold undercuts Apple's iPhone Duo in China Xiaomi launched its 18 Fold at 10,999 yuan, well below Apple's 15,999-yuan iPhone Duo, and it goes on sale Thursday. The lower price and earlier launch position Xiaomi well in China's crowded foldable market, which can lift sales and market share.

    This new launch shows Xiaomi's competitive pricing and timing advantage against Apple.

  • Xiaomi partners with Sunwoda for EV batteries Xiaomi Auto announced a deep strategic partnership with Sunwoda, with its Pengcheng series to use Sunwoda batteries on a large scale. This secures battery supply for Xiaomi's growing EV business, supporting future deliveries and revenue.

    This new partnership helps secure a key component for Xiaomi's EV expansion.

  • Apple's foldable entry intensifies competition Apple unveiled its first foldable iPhone, the iPhone Duo, entering a market where Huawei and Xiaomi already compete. While Xiaomi's 18 Fold is cheaper, Apple's brand and ecosystem could pressure Xiaomi's share of the premium foldable segment.

    This new competitive threat could cap Xiaomi's foldable market share gains.

Latest
▲3▼1

Xiaomi's chip and foldable push sharpens its premium edge

  • Xiaomi unveils Xring O3 chip, taps TSMC for manufacturing Xiaomi introduced its self-developed Xring O3 chip, made by TSMC on 3-nanometer technology, plus two other chips for AI and autonomous driving. This reduces reliance on outside suppliers and strengthens Xiaomi's technology story, supporting the stock's long-term value.

    This is a new event that boosts Xiaomi's technology credentials and future pricing power.

  • Xiaomi 18 Fold undercuts Apple's iPhone Duo in China Xiaomi launched its 18 Fold at 10,999 yuan, well below Apple's 15,999-yuan iPhone Duo, and it goes on sale Thursday. The lower price and earlier launch position Xiaomi well in China's crowded foldable market, which can lift sales and market share.

    This new launch shows Xiaomi's competitive pricing and timing advantage against Apple.

  • Xiaomi partners with Sunwoda for EV batteries Xiaomi Auto announced a deep strategic partnership with Sunwoda, with its Pengcheng series to use Sunwoda batteries on a large scale. This secures battery supply for Xiaomi's growing EV business, supporting future deliveries and revenue.

    This new partnership helps secure a key component for Xiaomi's EV expansion.

  • Apple's foldable entry intensifies competition Apple unveiled its first foldable iPhone, the iPhone Duo, entering a market where Huawei and Xiaomi already compete. While Xiaomi's 18 Fold is cheaper, Apple's brand and ecosystem could pressure Xiaomi's share of the premium foldable segment.

    This new competitive threat could cap Xiaomi's foldable market share gains.

August 2026
▲2▼2

Xiaomi's profit hit by memory costs, but EV and AI shine

  • Smartphone shipments plunge 26% on memory price surge Global smartphone shipments fell 6% in Q2 2026, and Xiaomi's shipments dropped 26% to 31.2 million units. High memory prices forced Xiaomi to prioritize margins over volume, hurting revenue and profit. This is a major headwind for the stock.

    This explains a key reason for Xiaomi's weak Q2 results and near-term pressure.

  • Xiaomi's AI model tops global usage rankings Xiaomi's MiMo-V2.5 AI model ranked first globally with 10.5 trillion tokens called in a week, up 12% week-on-week. This shows strong adoption of Xiaomi's AI technology, boosting its tech credentials and future monetization potential.

    Highlights Xiaomi's growing AI leadership, a positive long-term driver.

  • Xiaomi EV outsells Mercedes in China Xiaomi delivered over 80,000 SU7 sedans in China in H1 2026, while Mercedes sold only 1,153 cars. This stark contrast shows Xiaomi's strong EV demand and competitive edge in the premium segment.

    Demonstrates Xiaomi's EV success against legacy automakers, supporting growth narrative.

  • Q2 net profit falls 42.6%, missing forecasts Xiaomi's Q2 net profit dropped 42.6% to 6.2 billion yuan, below expectations, due to higher memory costs and competition. Smartphone revenue fell 7.5% and gross margin narrowed to 8.5%. EV revenue rose 15.9% but new businesses lost 2.6 billion yuan.

    This is the period's most important financial update, directly impacting investor sentiment.

▲2▼2

Xiaomi's profit hit by memory costs, but EV and AI shine

  • Smartphone shipments plunge 26% on memory price surge Global smartphone shipments fell 6% in Q2 2026, and Xiaomi's shipments dropped 26% to 31.2 million units. High memory prices forced Xiaomi to prioritize margins over volume, hurting revenue and profit. This is a major headwind for the stock.

    This explains a key reason for Xiaomi's weak Q2 results and near-term pressure.

  • Xiaomi's AI model tops global usage rankings Xiaomi's MiMo-V2.5 AI model ranked first globally with 10.5 trillion tokens called in a week, up 12% week-on-week. This shows strong adoption of Xiaomi's AI technology, boosting its tech credentials and future monetization potential.

    Highlights Xiaomi's growing AI leadership, a positive long-term driver.

  • Xiaomi EV outsells Mercedes in China Xiaomi delivered over 80,000 SU7 sedans in China in H1 2026, while Mercedes sold only 1,153 cars. This stark contrast shows Xiaomi's strong EV demand and competitive edge in the premium segment.

    Demonstrates Xiaomi's EV success against legacy automakers, supporting growth narrative.

  • Q2 net profit falls 42.6%, missing forecasts Xiaomi's Q2 net profit dropped 42.6% to 6.2 billion yuan, below expectations, due to higher memory costs and competition. Smartphone revenue fell 7.5% and gross margin narrowed to 8.5%. EV revenue rose 15.9% but new businesses lost 2.6 billion yuan.

    This is the period's most important financial update, directly impacting investor sentiment.

July 2026
▲2▼1

Xiaomi cuts phone target on chip shortage, but EV and AI shine

  • Memory-chip shortage forces shipment cut A severe memory-chip shortage forced Xiaomi to cut its 2026 phone shipment target by 30%, with China shipments plunging 21.7% amid a shrinking global market and rising prices.

    This is a major negative event that directly impacted Xiaomi's core smartphone business and investor sentiment.

  • EV revenue surpasses 100 billion yuan Xiaomi's EV revenue surpassed 100 billion yuan for the first time, driven by the Sky Nomad SUV launch, marking a significant milestone in its automotive business.

    This is a new positive development showing strong growth in Xiaomi's EV segment, a key future driver.

  • India duty cuts and $6.5B incentive India's duty cuts and a $6.5 billion incentive package provided a boost to Xiaomi's prospects in the Indian market, potentially offsetting some negative trends.

    This is a new positive regulatory and financial incentive that could improve Xiaomi's competitive position in a key market.

  • Target raised to 110M on premium demand Xiaomi later raised its 2026 phone shipment target to 110 million units on stronger premium demand, but memory costs continue to pressure margins and EV/AI benefits remain long-term.

    This shows a partial recovery and positive demand signal, but with ongoing cost pressures and uncertain long-term benefits.

▲4

Xiaomi raises phone target, expands EV and AI footprint

  • Xiaomi raises 2026 phone target to 110M on strong demand Xiaomi lifted its 2026 smartphone delivery target from 90M to 110M units after better-than-expected first-half sales, especially in premium phones. This signals resilient demand and supports revenue and profit, though rising memory costs still pressure margins.

    This is the most direct and material new event for Xiaomi's core phone business, reversing earlier pessimism.

  • Xiaomi in talks for EV and smart home production in Thailand Xiaomi is considering an EV production base and R&D center in Thailand, and is also in talks to make smart home appliances there. This expands its manufacturing footprint, lowers costs, and opens new growth markets, though talks are early and benefits are long-term.

    It shows Xiaomi actively expanding global production, a key driver for future growth and cost competitiveness.

  • Xiaomi's open-weight AI model ranks top five in usage Xiaomi's open-weight AI model is among the top five on OpenRouter by token usage, showing strong adoption of cheaper Chinese AI alternatives. This boosts Xiaomi's tech credentials and could drive future monetization, though direct revenue impact is still unclear.

    It highlights Xiaomi's growing presence in AI, a potential new growth area that enhances its technology story.

  • Xiaomi EV revenue tops 100 billion yuan for first time Xiaomi's smart EV business exceeded 100 billion yuan in revenue for the first time, ranking fifth among Chinese automakers on the Fortune China 500 list. This confirms the EV segment is scaling rapidly, adding a major new revenue pillar beyond phones.

    It provides concrete evidence of Xiaomi's EV success, a key part of its long-term growth story.

▲2▼2

Memory shortage slashes Xiaomi's phone outlook, but EV and India offer hope

  • Memory shortage forces 30% cut to 2026 phone shipment target Xiaomi cut its 2026 shipment target to ~95 million units from 135 million because AI server demand is soaking up memory chip supply, making phones more expensive to build. This directly threatens phone revenue and profit, a core part of Xiaomi's business.

    This is the biggest new negative force on Xiaomi's core smartphone business.

  • China and global phone shipments slump, Xiaomi hit hardest China's Q2 smartphone shipments fell 4.3% and global shipments hit a 13-year low, down 11%. Xiaomi's China shipments plunged 21.7% as it raised prices due to memory costs, while Huawei and Apple held prices steady and gained share. This shows Xiaomi losing ground in a shrinking market.

    Confirms the demand damage and competitive losses from the memory crunch.

  • Xiaomi unveils Sky Nomad SUV, expanding EV lineup Xiaomi launched a new extended-range electric SUV series called Sky Nomad, moving beyond sedans into a popular category. The EV business is already a revenue pillar, and this expansion could drive future growth, though heavy investment still weighs on margins.

    A new growth driver that offsets some smartphone weakness.

  • India cuts import duties and launches $6.5 billion manufacturing incentive India removed import duties on smartphone parts and announced a $6.5 billion production incentive, lowering costs for Xiaomi's local manufacturing. This supports Xiaomi's cost competitiveness and supply chain in a key market, though the benefit is indirect and long-term.

    Policy tailwinds that improve Xiaomi's cost position in India.

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