← Chery Automobile overview

Chery Automobile vs Mercedes-Benz: 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.

Mercedes-Benz Group AG (MBG.XETRA)

Q3 2026
▲3▼1

Mercedes Q3: Profit Beat, EV Growth, But China and US Risks Loom

  • Q2 Profit Beat Expectations Mercedes-Benz reported Q2 net profit of €1.065 billion, beating expectations, thanks to better cost and pricing management. This shows the company can still generate solid profits despite challenges, supporting the stock price.

    Profit beat is a key positive financial result that directly boosts investor confidence.

  • EV Registrations Jump and Plant Expansion German EV registrations rose 48%, and Mercedes is investing €1 billion to expand its Hungary plant. This supports its electric vehicle transition and future growth, a positive for the stock as it shows progress in a key area.

    EV growth and investment signal future competitiveness and commitment to electric transition.

  • Wayve Self-Driving Deal and Analyst Confidence Mercedes signed a production deal with Wayve for self-driving AI and Morgan Stanley kept it a top pick with a €59 target, citing a margin bottom. This boosts confidence in future technology and profitability.

    Partnership and analyst endorsement highlight technological progress and potential margin recovery.

  • US Senate Bill Threat and China Downturn A US Senate bill could ban Mercedes sales from 2030 due to Chinese ownership, and China sales remain weak with Q2 down 30% and first-half just 1,153 cars. Mercedes cut its 2026 sales outlook, confirming the downturn isn't temporary.

    These are major negative factors that increase uncertainty and pressure the stock price.

September 2026
▲2▼2

China collapse forces sales warning, but tech deals and analyst support lift Mercedes

  • China sales collapse Mercedes sold only 1,153 cars in China in the first half of 2026, a tiny fraction of rivals like Xiaomi. Weak Chinese consumption and brutal EV price competition are crushing demand, directly hurting revenue and profits.

    This is the core reason Mercedes is under pressure and the main negative force on the stock.

  • 2026 sales outlook cut Mercedes lowered its 2026 sales forecast, now expecting full-year sales slightly below 2025, blaming weak China where the market fell about 20% in Q2. This confirms the downturn is not temporary and weighs on the stock.

    A formal guidance cut is a direct, new negative signal for investors.

  • Wayve production deal for self-driving AI Mercedes signed a definitive production agreement with Wayve to put its AI Driver technology into future cars within two years, integrated with Mercedes' own software and hardware. This positions Mercedes as a leader in automated driving, supporting future demand.

    A concrete production deal shows Mercedes is advancing in key technology, a positive long-term driver.

  • Morgan Stanley keeps Mercedes as top pick Morgan Stanley maintained an Overweight rating on Mercedes, raised its target to €59, and kept it as the preferred stock in the sector, saying the margin bottom is behind us. This boosts investor confidence and supports the share price.

    Analyst support and a raised target directly influence investor sentiment and buying.

Latest
▲2▼2

China collapse forces sales warning, but tech deals and analyst support lift Mercedes

  • China sales collapse Mercedes sold only 1,153 cars in China in the first half of 2026, a tiny fraction of rivals like Xiaomi. Weak Chinese consumption and brutal EV price competition are crushing demand, directly hurting revenue and profits.

    This is the core reason Mercedes is under pressure and the main negative force on the stock.

  • 2026 sales outlook cut Mercedes lowered its 2026 sales forecast, now expecting full-year sales slightly below 2025, blaming weak China where the market fell about 20% in Q2. This confirms the downturn is not temporary and weighs on the stock.

    A formal guidance cut is a direct, new negative signal for investors.

  • Wayve production deal for self-driving AI Mercedes signed a definitive production agreement with Wayve to put its AI Driver technology into future cars within two years, integrated with Mercedes' own software and hardware. This positions Mercedes as a leader in automated driving, supporting future demand.

    A concrete production deal shows Mercedes is advancing in key technology, a positive long-term driver.

  • Morgan Stanley keeps Mercedes as top pick Morgan Stanley maintained an Overweight rating on Mercedes, raised its target to €59, and kept it as the preferred stock in the sector, saying the margin bottom is behind us. This boosts investor confidence and supports the share price.

    Analyst support and a raised target directly influence investor sentiment and buying.

July 2026
▲2▼2

Mercedes Q2 Profit Rises, But US Ban Risk and China Slump Loom

  • US sales ban risk over Chinese ownership A US Senate bill could ban Mercedes from selling connected vehicles in the US from 2030 because Chinese investors hold nearly 20% of its shares, above the proposed 15% limit. The CEO pledged to defend the US business, but the threat creates uncertainty and could hurt future sales in a key market.

    This is a major new regulatory risk that could directly threaten Mercedes' US sales and profits.

  • Q2 profit beats expectations Mercedes reported Q2 net profit of €1.065 billion, up from €915 million a year earlier, and adjusted return on sales beat analyst expectations. The stock rose on the results, showing the company is managing costs and pricing better than feared despite weak revenue.

    The earnings beat is a new positive catalyst that lifted the stock and shows underlying profitability.

  • China competition is a new reality The CEO said intense price competition in China will continue for years, with Chinese brands entering the luxury segment. Mercedes' China sales fell 30% in Q2, and more cost cuts are planned. This persistent pressure weighs on revenue and profits, keeping the stock under pressure.

    This confirms a structural challenge that directly impacts Mercedes' largest market and long-term earnings.

  • EV demand grows in Germany and Hungary plant expands German EV registrations jumped 48% in the first half, with Mercedes contributing 26,000 units. Mercedes also completed a €1 billion expansion of its Hungary plant to build electric models. These support the company's electric transition and future competitiveness.

    These developments show progress in EVs and manufacturing efficiency, which are key to future growth.

▲2▼2

Mercedes Q2 Profit Rises, But US Ban Risk and China Slump Loom

  • US sales ban risk over Chinese ownership A US Senate bill could ban Mercedes from selling connected vehicles in the US from 2030 because Chinese investors hold nearly 20% of its shares, above the proposed 15% limit. The CEO pledged to defend the US business, but the threat creates uncertainty and could hurt future sales in a key market.

    This is a major new regulatory risk that could directly threaten Mercedes' US sales and profits.

  • Q2 profit beats expectations Mercedes reported Q2 net profit of €1.065 billion, up from €915 million a year earlier, and adjusted return on sales beat analyst expectations. The stock rose on the results, showing the company is managing costs and pricing better than feared despite weak revenue.

    The earnings beat is a new positive catalyst that lifted the stock and shows underlying profitability.

  • China competition is a new reality The CEO said intense price competition in China will continue for years, with Chinese brands entering the luxury segment. Mercedes' China sales fell 30% in Q2, and more cost cuts are planned. This persistent pressure weighs on revenue and profits, keeping the stock under pressure.

    This confirms a structural challenge that directly impacts Mercedes' largest market and long-term earnings.

  • EV demand grows in Germany and Hungary plant expands German EV registrations jumped 48% in the first half, with Mercedes contributing 26,000 units. Mercedes also completed a €1 billion expansion of its Hungary plant to build electric models. These support the company's electric transition and future competitiveness.

    These developments show progress in EVs and manufacturing efficiency, which are key to future growth.

Q2 2026
▲3▼1

China Sales Plunge and Cost Cuts Define Mercedes-Benz's Struggle

  • China Sales Collapse Over 30% in Q2 Mercedes-Benz's China sales fell more than 30% in Q2 2026, with global sales down 8%. This reflects intensifying competition from local brands and shrinking EV subsidies, directly hurting revenue and profits. The stock faces pressure as China is a key market for premium cars.

    This is the most direct and severe demand shock for Mercedes-Benz, explaining the recent price weakness.

  • Deep Cost Cuts and AI Adoption Target 70% Mercedes-Benz is deepening cost cuts and aiming for 70% AI adoption across its workforce to lower unit costs and protect margins. This should improve profitability and competitiveness, supporting the stock price by addressing margin pressure from weak demand and competition.

    This is a new company-specific initiative that directly counters margin pressure and could lift earnings.

  • UK Car Finance Redress Scheme Paused The UK tribunal paused the FCA's £9.1 billion car finance compensation scheme, delaying potential payouts. Mercedes-Benz's financial services arm is challenging the rules, so this reduces near-term liability and uncertainty, a positive for the stock as it removes a financial overhang.

    This regulatory development lowers a significant potential cost and uncertainty for Mercedes-Benz.

  • Dieselgate Claim Largely Dismissed The High Court in London largely dismissed a multibillion-pound emissions cheating claim against Mercedes-Benz and others. This removes a major legal overhang and potential damages, boosting investor confidence and supporting the stock price by reducing regulatory risk.

    This legal victory eliminates a large tail risk and is a clear positive for the stock.

June 2026
▲3▼1

China Sales Plunge and Cost Cuts Define Mercedes-Benz's Struggle

  • China Sales Collapse Over 30% in Q2 Mercedes-Benz's China sales fell more than 30% in Q2 2026, with global sales down 8%. This reflects intensifying competition from local brands and shrinking EV subsidies, directly hurting revenue and profits. The stock faces pressure as China is a key market for premium cars.

    This is the most direct and severe demand shock for Mercedes-Benz, explaining the recent price weakness.

  • Deep Cost Cuts and AI Adoption Target 70% Mercedes-Benz is deepening cost cuts and aiming for 70% AI adoption across its workforce to lower unit costs and protect margins. This should improve profitability and competitiveness, supporting the stock price by addressing margin pressure from weak demand and competition.

    This is a new company-specific initiative that directly counters margin pressure and could lift earnings.

  • UK Car Finance Redress Scheme Paused The UK tribunal paused the FCA's £9.1 billion car finance compensation scheme, delaying potential payouts. Mercedes-Benz's financial services arm is challenging the rules, so this reduces near-term liability and uncertainty, a positive for the stock as it removes a financial overhang.

    This regulatory development lowers a significant potential cost and uncertainty for Mercedes-Benz.

  • Dieselgate Claim Largely Dismissed The High Court in London largely dismissed a multibillion-pound emissions cheating claim against Mercedes-Benz and others. This removes a major legal overhang and potential damages, boosting investor confidence and supporting the stock price by reducing regulatory risk.

    This legal victory eliminates a large tail risk and is a clear positive for the stock.

▲3▼1

China Sales Plunge and Cost Cuts Define Mercedes-Benz's Struggle

  • China Sales Collapse Over 30% in Q2 Mercedes-Benz's China sales fell more than 30% in Q2 2026, with global sales down 8%. This reflects intensifying competition from local brands and shrinking EV subsidies, directly hurting revenue and profits. The stock faces pressure as China is a key market for premium cars.

    This is the most direct and severe demand shock for Mercedes-Benz, explaining the recent price weakness.

  • Deep Cost Cuts and AI Adoption Target 70% Mercedes-Benz is deepening cost cuts and aiming for 70% AI adoption across its workforce to lower unit costs and protect margins. This should improve profitability and competitiveness, supporting the stock price by addressing margin pressure from weak demand and competition.

    This is a new company-specific initiative that directly counters margin pressure and could lift earnings.

  • UK Car Finance Redress Scheme Paused The UK tribunal paused the FCA's £9.1 billion car finance compensation scheme, delaying potential payouts. Mercedes-Benz's financial services arm is challenging the rules, so this reduces near-term liability and uncertainty, a positive for the stock as it removes a financial overhang.

    This regulatory development lowers a significant potential cost and uncertainty for Mercedes-Benz.

  • Dieselgate Claim Largely Dismissed The High Court in London largely dismissed a multibillion-pound emissions cheating claim against Mercedes-Benz and others. This removes a major legal overhang and potential damages, boosting investor confidence and supporting the stock price by reducing regulatory risk.

    This legal victory eliminates a large tail risk and is a clear positive for the stock.

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