Chery Automobile's parent company obtains new round of financing, aims to be listed in Hong Kong in 2025

It is reported that Chery Automobile's parent company Chery Holding Group Co., Ltd. recently obtained a new round of equity financing, with investors including Qingdao Urban Investment Group, IDG Capital and Huoyan Investment. It is reported that private equity fund IDG Capital is considering acquiring up to 7 billion yuan of Chery Holding's shares, and Chery Holding is also considering spinning off its subsidiary Chery Automobile for listing as early as 2024. At present, Chery Automobile's IPO plan is to be listed on the Hong Kong stock market in the third quarter of 2025.