Chery Automobile IPO Preview

• Chery Automobile is getting ready to complete an IPO in Hong Kong in the coming months. The company could raise up to US$1 billion in this IPO.

• Chery Auto is the second largest automaker in China and the 11th largest auto company globally. The valuation of Chery Auto could be more than 100 billion yuan (US$14 billion).

• Chery Auto has one of the best records among all the major auto companies globally in the past three years in terms of sales and net profit growth.