Yin Tongyue: Chery no longer relies on losses to increase sales

According to news on October 16, Yin Tongyue, chairman of Chery Holding Group, announced at the 2023 Chery Technology DAY that next year, Chery’s new energy vehicles will sprint to the top of the country and will not sacrifice profits to gain market share.

Yin Tongyue pointed out that although Chery started late in the field of new energy vehicles, they are already ready to catch up, especially in the fields of new energy and intelligent connected vehicles. He said that Chery is confident to achieve a higher ranking in the new energy vehicle market next year through resource cooperation and collaborative efforts, and will never maintain a low profile this year. Yin Tongyue also emphasized: "We will never use losses to gain sales. This is our bottom line."

According to the editor's understanding, last year Yin Tongyue announced that Chery R&D and launch plans. In the next five years, Chery plans to invest 100 billion yuan in technological innovation and train more than 20,000 R&D personnel, of which talents in the software field will account for more than 50%. Chery's goal is to build 19 Yaoguang laboratories by 2023 and realize its listing plan by 2025. In addition, some of Chery's parts companies also plan to be listed on the capital market.

Currently, competition in the new energy vehicle market is fierce, and Chery's "Yaoguang 2025" strategy has attracted much attention. It is the key to Chery's new advantage in building technological leadership. Chery's goal is to occupy the commanding heights of new energy and intelligent connected vehicles by 2025, achieve 100% new energy, ensure the independent controllability of new energy and intelligent connected technologies, and commercialize L3 and above autonomous driving technology .

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