Chery SA Plans to Flood the Market with New Products

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 32 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 84%

Automotive News

Chery SA,Sales Growth,Chinese Cars

Chery SA has experienced significant sales growth and intends to introduce numerous new products in 2024. Despite initial scepticism towards Chinese cars, the brand has defied expectations and achieved impressive sales figures.

Since its local relaunch two years ago, Chery SA has climbed the sales charts and plans to flood the market in 2024 with a host of new products. I’ve made no secret of my scepticism for Chinese cars. While many of my fellow motoring writers have gleefully embraced brands like Haval and Chery, I’ve droned on about quality, reliability and questionable resale value. I’ve embraced and bet on the good old German classics, the BMWs and Mercedes-Benzes, the VWs and Audis.

But try as I may to ignore the slew of Chinese cars that have in recent years flooded the market, the sales charts have been telling a different story. The motoring industry was spiralling downward this past year. In November, it registered its fourth consecutive month of decline. Not so for Chery SA, which will finish off the year showing growth of 25.1%. Globally, between January and November, the Chery brand posted 47.8% growth year on year. When Chery SA launched its Tiggo 4 Pro back in November 2021, I turned down the invite and chose to attend an event for a German brand that was running simultaneousl

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Bounces Back Strongly Despite Depressed Crypto PricesBitcoin has shown resilience and significant growth despite the challenges faced by the cryptocurrency market. It has outperformed traditional assets and increased its market share. The overall crypto market cap has also seen a substantial increase.
Source: TechCentral - 🏆 8. / 71 Read more »

Negative Market Sentiment Impacts Cloud UptakeThe tightening of belts in the market is negatively impacting the uptake of cloud services, creating an opportunity for local and sovereign cloud providers. Routed, a South African company, is focusing on areas that benefit businesses locally instead of investing heavily in AI. The managing director of Routed, Andrew Cruise, explains the general negativity in the market and its impact on cloud adoption.
Source: htxtafrica - 🏆 42. / 51 Read more »

Asian shares mixed, gold spikes as market awaits economic dataAsian shares turned mixed on Monday while gold spiked to all-time peaks above $2,100 at the start of a busy week for economic data that will test market wagers for early and aggressive rate cuts from major central banks next year.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

Drivers' Reluctance to Buy Used Electric Cars Undermines Market for New OnesThe shift away from cars with dirty combustion engines is running into a new hurdle, and it could cost the industry billions. Buyers are shunning used electric vehicles due to a lack of subsidies, a desire to wait for better technology, and continued shortfalls in charging infrastructure. A fierce price war sparked by Tesla and competitive Chinese models is further depressing values of new and used cars alike, threatening earnings at rivals like Volkswagen and Stellantis.
Source: TechCentral - 🏆 8. / 71 Read more »