profit decline

Chery H1 profit drops 11.7% despite overseas revenue surge, NEV sales up 63.8%

Chery Auto's first-half profit fell 11.7% year-on-year to 8.57 billion yuan, hit by lower foreign-exchange gains and higher R&D costs. Overseas revenue jumped 51% to 69% of total, while NEV revenue surged 63.8%, now accounting for 41.4% of sales.