Chery's Yin Tongyue: Innovation is more important than profit, increase investment in global target markets.

On September 20th, at the keynote speech of the 2025 World Manufacturing Conference in Hefei, Anhui, Yin Tongyue, the Party Secretary and Chairman of Chery Holding Group, mentioned, "Today, Anhui province is not only the largest market for automobiles in China, but also the largest market for new energy vehicles." Yin Tongyue stated in his speech, "An industry veteran once told us that Chery's scale is already significant, and further pursuing sales volume is of limited significance. We should strive to become a global benchmark for quality, and becoming a world-class brand is more meaningful. This is also what Chery company insists on, emphasizing that quality is more important than quantity, and innovation is more important than profit." Yin Tongyue also expressed that localization is the key to Chery's high-quality overseas expansion, focusing on affordable prices, sustainable development, and high coordination with local enterprises. By deeply integrating and transitioning from exporting whole vehicles to exporting parts and components, technical services, and then to local manufacturing and assembly, Chery is increasing its investment in global target markets in order to become a global corporate citizen that contributes more to the market.