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CHERY AUTO

25.520

+0.2801.11%

Volume:1.23M

Turnover:31.49M

Market Cap:148.25B

PE:6.40

High:25.740

Open:25.320

Low:25.020

Close:25.240

52wk High:33.740

52wk Low:22.764

Shares:5.81B

HK Float Shares:2.36B

Volume Ratio:0.79

T/O Rate:0.05%

Dividend:1.00

Dividend Rate:3.92%

EPS(LYR):3.986

ROE:47.11%

ROA:2.94%

PB:2.31

PE(LYR):6.40

PS:0.43

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Overview Company News Filings

Chinese Carmaker Jiangsu Yueda, Battery Maker Gotion and Japanese Coating System Maker Anest Iwata Also Joined Jv, Nikkei Says

THOMSON REUTERS

Chery Auto Maintains 5.81 Billion Share Capital; Confirms Public Float Compliance for April 2026

Bulletin Express

China's April NEV Wholesale Volume Estimated at 1.22 Million Units, Up 7% Year-on-Year and Month-on-Month

Spain's EBRO aims to double production to up to 30,000 cars this year

Italy new car registrations up 11.6% in April, minister says

Chery Automobile Issues Supplemental AGM Notice, Updates Supervisor Election Agenda

Bulletin Express

Chery Auto Revises AGM Agenda, Nominates Xu Hui to Sixth-Session Supervisory Committee

Bulletin Express

CHERY AUTO posts 27% YoY rise in April 2026 vehicle sales, YTD growth at 4.1%

Bulletin Express

CHERY AUTO Reports April Sales of Approximately 236,400 Vehicles Across Five Brands, Up 27% Year-Over-Year

Chery April vehicle sales rise 27% to 236,427 units

Stock Track | CHERY AUTO Plummets 5.02% Intraday Following Disappointing Q1 Earnings with 10.32% Profit Decline

Global Auto Market Declines 2% in Q1 2026 as Chinese Brands Gain Share

Chery Automobile's Profit Falls in Q1; Shares Slip 5%

MT Newswires Live

CHERY AUTO Shares Drop Over 7% Following Earnings Report Showing Q1 Profit Decline

Stock Track | Chery Auto Plummets 5.24% Intraday on Weaker-Than-Expected Q1 Results

CHERY AUTO Reports 41.7 Billion Yuan Net Profit Attributable to Owners in Q1, Down 10.32% Year-on-Year

Chery Q1 profit falls to RMB 4,322 million; revenue slips to RMB 65,870 million

Chery Auto's Intensive Partnership Deals at Beijing Auto Show Reveal Broader Ambitions

Is Chery Automobile (SEHK:9973) Still Attractive After Recent Share Price Gains?

Simply Wall St.

REFILE-China's Chery seeks to be 'Toyota plus Tesla' as it targets global expansion

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Spanish carmaker EBRO aims to manufacture between 25,000 and 30,000 cars in Barcelona thi","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260506:nL8N41J1GY:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1119","09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2633195258","title":"Italy new car registrations up 11.6% in April, minister says","url":"https://stock-news.laohu8.com/highlight/detail?id=2633195258","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2633195258?lang=en_us&edition=fundamental","pubTime":"2026-05-05 00:14","pubTimestamp":1777911255,"startTime":"0","endTime":"0","summary":"Italy new car registrations up 11.6% in April, minister saysMILAN, May 4 (Reuters) - New car registrations in Italy rose in April by 11.6% year-on-year to 155,210 vehicles, transport ministry data sho","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260504:nL6N41H0RU:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1778281490.HKD","LU2290526834.HKD","TSL","LU1064130708.USD","BK4555","TSLG","TSYY","LU1861559042.SGD","BK4581","LU0345770308.USD","TSDD","TSLA","TSLI","TSLR","LU0708995401.HKD","TEST","TLA","CRSH","09863","LU2357305700.SGD","TSLZ","LU0323591593.USD","LU0316494557.USD","TSLO","TESL","LU2471134879.HKD","LU1232071149.USD","LU2236285917.USD","LU2403377893.USD","LU2750360997.AUD","TSII","IE00BK4W5M84.HKD","TSLQ","TSLW","TSLS","LU1064131003.USD","TSLP","TSLY","EVS.SI","09973","002594","LU2289578879.USD","BK4516","LU1551013425.SGD","TSLL","LU1820825898.SGD","TSLT","IE00B19Z8W00.USD","07766","BK0264"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1141922420","title":"Chery Automobile Issues Supplemental AGM Notice, Updates Supervisor Election Agenda","url":"https://stock-news.laohu8.com/highlight/detail?id=1141922420","media":"Bulletin Express","labels":["executive","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1141922420?lang=en_us&edition=fundamental","pubTime":"2026-05-04 23:05","pubTimestamp":1777907108,"startTime":"0","endTime":"0","summary":"Chery Automobile Co., Ltd. released a supplemental notice revising the agenda for its Annual General Meeting scheduled for 09:30 a.m. on 20 May 2026 in Wuhu, Anhui Province. The company withdrew the...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1179531592","title":"Chery Auto Revises AGM Agenda, Nominates Xu Hui to Sixth-Session Supervisory Committee","url":"https://stock-news.laohu8.com/highlight/detail?id=1179531592","media":"Bulletin Express","labels":["SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1179531592?lang=en_us&edition=fundamental","pubTime":"2026-05-04 23:03","pubTimestamp":1777907039,"startTime":"0","endTime":"0","summary":"Chery Automobile Co., Ltd. released a supplemental circular on 4 May 2026 adjusting the agenda of its Annual General Meeting scheduled for 9:30 a.m. on 20 May 2026 at the Chery Automotive Research...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1110160582","title":"CHERY AUTO posts 27% YoY rise in April 2026 vehicle sales, YTD growth at 4.1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1110160582","media":"Bulletin Express","labels":["dataReport","SGX"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1110160582?lang=en_us&edition=fundamental","pubTime":"2026-05-03 19:42","pubTimestamp":1777808562,"startTime":"0","endTime":"0","summary":"Chery Automobile Co., Ltd. (CHERY AUTO) reported unaudited group sales of 236,427 vehicles in April 2026, up 27.0% year on year. Aggregate sales for the first four months of 2026 reached 802,547...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport,SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1199794319","title":"CHERY AUTO Reports April Sales of Approximately 236,400 Vehicles Across Five Brands, Up 27% Year-Over-Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1199794319","media":"Stock News","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1199794319?lang=en_us&edition=fundamental","pubTime":"2026-05-03 19:40","pubTimestamp":1777808411,"startTime":"0","endTime":"0","summary":"CHERY AUTO (09973) announced that the group's total sales across its five major brands reached approximately 236,400 vehicles in April 2026, representing a year-over-year increase of about 27%....","market":"other","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1119","09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2632602127","title":"Chery April vehicle sales rise 27% to 236,427 units","url":"https://stock-news.laohu8.com/highlight/detail?id=2632602127","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2632602127?lang=en_us&edition=fundamental","pubTime":"2026-05-03 19:23","pubTimestamp":1777807391,"startTime":"0","endTime":"0","summary":"Chery posted April 2026 vehicle sales of 236,427 units, up 27% from 186,121 a year earlier.CHERY brand sales rose 45.9% to 174,414 units, offset by declines at EXEED, down 45.9% to 6,036 units, LUXEED, down 47.4% to 2,346 units.April new energy vehicle sales totaled 90,519 units; export volume reached 172,023 units.Sales for four months ended April 30, 2026 increased 4.1% to 802,547 units.Year-to-date CHERY brand sales climbed 23.2% to 581,253 units; EXEED fell 41.8% to 20,548 units; LUXEED dropped 72.3% to 10,376 units.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chery Automobile Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260503:nNDL3kSMYy:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1119","09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1193644767","title":"Stock Track | CHERY AUTO Plummets 5.02% Intraday Following Disappointing Q1 Earnings with 10.32% Profit Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1193644767","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1193644767?lang=en_us&edition=fundamental","pubTime":"2026-04-30 13:28","pubTimestamp":1777526880,"startTime":"0","endTime":"0","summary":"CHERY AUTO's stock fell sharply by 5.02% during intraday trading, extending losses from the previous session. The continued selling pressure comes as investors react to the company's recently...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1195067953","title":"Global Auto Market Declines 2% in Q1 2026 as Chinese Brands Gain Share","url":"https://stock-news.laohu8.com/highlight/detail?id=1195067953","media":"Stock News","labels":["economic"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1195067953?lang=en_us&edition=fundamental","pubTime":"2026-04-30 08:59","pubTimestamp":1777510770,"startTime":"0","endTime":"0","summary":"According to an analysis, global automobile sales reached 8.58 million units in March 2026, marking a 3% year-on-year decrease. For the January-March period of 2026, worldwide vehicle sales totaled...","market":"other","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"economic","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1064131003.USD","IE00B0JY6N72.USD","LU0633140560.USD","LU2148510915.USD","MNDmain","BK0070","BK0188","LU1969619763.USD","00175","LU1508157978.USD","IE00BZ08YT58.USD","LU1781817850.SGD","LU2580892862.HKD","LU2328871848.SGD","LU0315179316.USD","LU1861214812.USD","BK0196","SG9999002828.SGD","09973","IE00BZ08YR35.GBP","BK0264","BK0014","LU1224444064.USD","BK0072","LU1997244956.HKD","LU1997245094.SGD","BK0183","LU2580892789.USD","LU1861219969.SGD","LU0683595622.HKD","BK1521","002594","LU1820825898.SGD","LU2495084118.USD","LU0633140727.USD","LU1064130708.USD","LU2663582299.SGD","LU1146622755.USD","80175","LU2360107325.USD","BK1539","LU1997245177.USD","BK1589","LU1282651121.HKD","BK0169","GELYY","LU1580142542.USD","IE00BZ08YS42.EUR","BK0155","LU1282651048.USD","LU2289578879.USD","BK1119","EVS.SI","LU0293314216.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2631563386","title":"Chery Automobile's Profit Falls in Q1; Shares Slip 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=2631563386","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2631563386?lang=en_us&edition=fundamental","pubTime":"2026-04-29 13:41","pubTimestamp":1777441271,"startTime":"0","endTime":"0","summary":"Chery Automobile  posted profit attributable to owners of the parent of 4.17 billion yuan for the first quarter, down from 4.65 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the automaker were down over 5% in Wednesday afternoon trade.Revenue slipped to 65.9 billion yuan from 68.2 billion yuan in the prior-year period.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["09973","BK1119"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1166673196","title":"CHERY AUTO Shares Drop Over 7% Following Earnings Report Showing Q1 Profit Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1166673196","media":"Stock News","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1166673196?lang=en_us&edition=fundamental","pubTime":"2026-04-29 11:14","pubTimestamp":1777432484,"startTime":"0","endTime":"0","summary":"CHERY AUTO (09973) fell more than 7% during the morning session. By the time of writing, the stock was down 6.6%, trading at HKD 28.88 with a turnover of HKD 189 million. The movement follows the...","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","VXUS","09973","BK4585","BK1119"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1171928387","title":"Stock Track | Chery Auto Plummets 5.24% Intraday on Weaker-Than-Expected Q1 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=1171928387","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1171928387?lang=en_us&edition=fundamental","pubTime":"2026-04-29 09:44","pubTimestamp":1777427074,"startTime":"0","endTime":"0","summary":"Chery Auto's stock plummeted 5.24% intraday, underperforming the broader market and automotive sector peers.The sharp decline was triggered by the release of the company's weaker-than-expected...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1109803953","title":"CHERY AUTO Reports 41.7 Billion Yuan Net Profit Attributable to Owners in Q1, Down 10.32% Year-on-Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1109803953","media":"Stock News","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1109803953?lang=en_us&edition=fundamental","pubTime":"2026-04-28 20:00","pubTimestamp":1777377640,"startTime":"0","endTime":"0","summary":"CHERY AUTO (09973) announced its financial results for the first quarter of 2026. The company reported revenue of 658.7 billion yuan, a decrease of 3.45% compared to the same period last year. Net...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1119","09973"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2630930945","title":"Chery Q1 profit falls to RMB 4,322 million; revenue slips to RMB 65,870 million","url":"https://stock-news.laohu8.com/highlight/detail?id=2630930945","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630930945?lang=en_us&edition=fundamental","pubTime":"2026-04-28 19:56","pubTimestamp":1777377371,"startTime":"0","endTime":"0","summary":"Chery posted profit attributable to owners of parent of RMB 4.17 billion for three months ended March 31, 2026, down 10.32%.Revenue slipped to RMB 65.87 billion, down 3.45%.Gross profit climbed to RMB 10.56 billion, up 24.92%.Finance costs narrowed to RMB 402 million, down 53.9%.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chery Automobile Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange  , on April 28, 2026, and is solely responsible for the information contained therein.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260428:nNDLbXt1bg:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["09973","BK1119"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1166123186","title":"Chery Auto's Intensive Partnership Deals at Beijing Auto Show Reveal Broader Ambitions","url":"https://stock-news.laohu8.com/highlight/detail?id=1166123186","media":"Deep News","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1166123186?lang=en_us&edition=fundamental","pubTime":"2026-04-28 19:01","pubTimestamp":1777374092,"startTime":"0","endTime":"0","summary":"During the 2026 Beijing Auto Show, Chery Auto finalized partnership agreements with five leading suppliers: NVIDIA, Bosch, Qualcomm, Volcano Engine, and CATL. No other automaker at the event 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Chery Automobile (SEHK:9973) Still Attractive After Recent Share Price Gains?","url":"https://stock-news.laohu8.com/highlight/detail?id=2630037994","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630037994?lang=en_us&edition=fundamental","pubTime":"2026-04-28 13:06","pubTimestamp":1777352791,"startTime":"0","endTime":"0","summary":"If you are wondering whether Chery Automobile at HK$31.40 is priced for opportunity or already reflects the story you care about, this article focuses squarely on what the numbers say about value.\nThe share price has recently shown some movement, with returns of 0.8% over 7 days, 16.2% over 30 days and 4.0% year to date, which may have caught the eye of investors watching for changing sentiment or risk.\nRecent coverage has focused on Chery Automobile's position in the auto sector and 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Chery seeks to be 'Toyota plus Tesla' as it targets global expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=2630325850","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2630325850?lang=en_us&edition=fundamental","pubTime":"2026-04-28 11:49","pubTimestamp":1777348162,"startTime":"0","endTime":"0","summary":"REFILE-China's Chery seeks to be 'Toyota plus Tesla' as it targets global expansionCorrects paragraph 3 to show the company was established to 1997 (not founded in 1996China's Chery is seeking expansion in Europe and elsewhereChairman says shakeout in China's auto industry is imminentChery takes inspiration from Toyota and 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