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· The 2023 Chery Environmental, Social, and Governance (ESG) Report has been released. The report indicates that Chery completed the carbon footprint assessment for 72 vehicle models in 2023. This achievement demonstrates Chery’s determination and capability to promote a green transition.

· In April 2023, Chery unveiled a new strategy in the new energy field, introducing the Super Hybrid Platform, E0X High-Performance Electric Platform, and 135 latest technologies in related fields. This strategy accelerates Chery’s progress in the new energy and intelligent vehicle sectors.

· In research and development, Chery continuously optimizes vehicle structure and enhances power performance by adopting low-wind resistance designs, lightweight materials, and low-carbon materials. These efforts reduce vehicle weight and energy consumption impacts.

    In the face of escalating global climate change, Chery is actively fulfilling its commitment to the planet's future. To respond to the Paris Agreement and China's "dual carbon" goal, Chery is making significant strides toward carbon neutrality through a series of innovative measures and dedicated efforts. In June, Chery released its 2023 ESG report, highlighting its comprehensive carbon footprint accounting and company carbon emissions audit for the year. The company has completed the carbon footprint accounting for 72 vehicle models, underscoring its determination and capability in driving green transformation.

    Chery recognizes that precise knowledge of product carbon footprints is crucial to achieving sustainable development. In 2023, following the Technical Specification for Life Cycle Carbon Emission Accounting of Passenger Cars, Chery completed the annual carbon footprint accounting for 72 vehicle models. This initiative provides the company with detailed data support and offers a scientific basis for subsequent emission reduction strategies and product design optimization. Through meticulous carbon footprint management, Chery is gradually building a green supply chain system that spans the entire product lifecycle.

    To reduce emissions and carbon throughout the product lifecycle, Chery deeply integrates the concepts of "environmental protection, energy saving, health, and safety" into its product design and development processes. By establishing a life cycle carbon emission analysis support system and developing capabilities for calculating the carbon emissions of entire vehicles, Chery has laid a solid foundation for a comprehensive product carbon footprint management system. The successful completion of the carbon footprint accounting for 72 vehicle models in 2023 vividly illustrates this effort.

    Chery adheres to an innovation-driven development strategy, focusing on developing high-performance, low-emission clean energy vehicles. In April 2023, Chery unveiled a new approach in the new energy field, launching the Super Hybrid Platform, E0X High-Performance Electric Platform, and 135 new technologies related to these fields. This initiative accelerates the advancement of new energy and intelligence, marking the beginning of a new journey in technological advancement. For instance, Chery introduced the 2.0T hydrogen engine in April 2023, which can serve as a power source for hybrid vehicles, achieving near-zero emissions for the entire hybrid vehicle. The launch of the 2.0T hydrogen engine bolsters Chery's comprehensive layout of products in the "fuel," "electric," and "hydrogen" domains.

    Chery leverages the low-emission benefits of hybrid, extended-range, pure electric, and hydrogen technologies, accelerating the development of new energy vehicles. The company is also ramping up investment in cutting-edge technologies such as hydrogen internal combustion engines and hydrogen fuel components, providing the market with more high-range, low-energy-consumption, and low-carbon travel solutions.

    In research and development, Chery continually explores new ways to reduce vehicle energy consumption. By incorporating low-wind resistance designs, lightweight materials, and low-carbon materials, the company consistently optimizes vehicle structures and enhances power performance while reducing overall vehicle weight and energy impact. For example, through lightweight technology, the Arrizo 8 has achieved a weight reduction of 42 kilograms, resulting in a reduction of approximately 400 kilograms of CO2 equivalent. This showcases Chery's profound capabilities and outstanding achievements in sustainable research and development.

    In April 2024, the Tiggo 9, featuring the T2X platform and the new generation Qpower technology, made its premiere at the Beijing Auto Show. Its one-step-ahead lightweight design demonstrates Chery's commitment to its "dual carbon" pledge.

    Looking ahead, Chery will continue to uphold the green development concept, using precise carbon footprint management as a critical approach to deepening its green transformation practices. Chery aims to contribute more wisdom and strength to global climate governance, striving for a harmonious coexistence between humanity and nature.
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