South Korean media: Exports of 5 million vehicles are within reach, Chery creates history, rivaling Hyundai Motor! On June 19, South Korean newspaper The Kookmin Ilbo published an article stating that Chery is expected to become the first Chinese auto brand to break through 5 million vehicle exports, attracting global attention. Chery signed a cylindrical battery supply contract with LG Energy Solution, rapidly developing in the electric vehicle market. Chery's achievement in exports over the past 22 years indicates that Chinese automakers are actively targeting the global market for electric vehicles. Chery announced that from January to May this year, it exported 443,940 vehicles, which is the highest export record among Chinese auto brands. Chery expects its cumulative vehicle exports to reach 5 million by the end of this month. As one of China's five major auto brands, Chery achieved this record for the first time in 22 years since it began exporting in 2003. Chery has a diversified range of automotive products and operates global brands such as Chery, StarTrack, Omoda, and Jetour. Last year, Chery set a sales record of 2.604 million vehicles, with annual revenue exceeding RMB 480 billion. Chery's business covers more than 120 countries and regions worldwide, offering various models ranging from internal combustion engine vehicles to pure electric vehicles. Recently, Chery Automobile signed a 6-year supply contract for 46-series batteries totaling 8 GWh with LG Energy Solution, drawing high attention both domestically and internationally. It is estimated that the contract amount will exceed 1 trillion Korean won. With Chinese auto brands accelerating their entry into the global market, despite being highly reliant on domestic demand, their overseas exports continue to grow amid the transition to electrification. Notably, this achievement was made under the circumstances of the U.S. imposing high tariffs on Chinese-made vehicles and parts, causing concern among competitors. This export milestone set by Chery is seen as an important landmark comparable to the achievements of Hyundai and Kia in the past. Hyundai began exporting in 1976 and reached 5 million vehicles in 1998 after 22 years; while Kia started exporting in 1975 and took 30 years to achieve this goal. Korean auto industry insiders analyzed that currently, Chinese automakers are strengthening their exports by emphasizing technologies such as electrification and autonomous driving, posing new challenges to existing automakers. Original source: https://www.toutiao.com/article/1835359579160780/ Disclaimer: This article represents the views of the author only.