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The Sun
14 hours ago
- Automotive
- The Sun
Chery exports 5 million cars; OMODA
CHERY International Group has set a new benchmark in the global automotive industry by becoming the first Chinese car manufacturer to export over five million vehicles. This achievement cements the company's position as China's top passenger car exporter for an unprecedented 22 consecutive years. July 2025 proved to be a defining month for the brand. Chery secured a 'Double 500' milestone, recording the fastest climb among automakers on both the Fortune Global 500 and Fortune China 500 lists for the second year running. Globally, the Group leapt from 385th in 2024 to 233rd place, while its domestic ranking surged from 100th to 59th. Much of this momentum can be traced to the rapid ascent of OMODA | JAECOO, which has carved out a reputation for attainable luxury, refined design, and innovation that challenges established segments. Since its inception, the brand's appeal has extended across 44 markets, including ASEAN, Europe, Australia, and South America. In just over two years, OMODA | JAECOO has accounted for 37% of Chery International's total exports, with cumulative global sales surpassing 570,000 units. This pace has set a new industry record as the fastest-growing automotive brand to surpass the half-million sales milestone. The brand's rise has been fuelled by a strong technological backbone, highlighted by the advanced Super Hybrid System (SHS), which has played a pivotal role in expanding its New Energy Vehicle (NEV) offerings. In the first quarter of 2025 alone, NEV sales reached 13,023 units, a dramatic 460% increase compared to the same period in 2024. Across the first half of 2025, NEVs accounted for 40% of the brand's total exports. OMODA | JAECOO's European presence has been equally impressive. In Spain, it became the fastest-growing Chinese car brand and the first to sell more than 10,000 units within its first 11 months of market entry. Malaysia has emerged as one of the brand's strongest right-hand-drive markets. The JAECOO J7's local debut in July 2024 marked the start of a swift expansion, followed by the launch of the OMODA C9 in December 2024 and the J7 PHEV in February 2025. Exactly one year after the J7's arrival, OMODA | JAECOO Malaysia introduced its flagship J8 SUV in July 2025, celebrating the milestone of more than 17,000 vehicles on Malaysian roads. According to Road Transport Department (JPJ) data for the first half of 2025, OMODA | JAECOO maintained its position among Malaysia's top five automotive brands and claimed the title of the country's most successful Chinese marque. Looking ahead, the company's global export strategy will deepen investments in key territories across Europe, South America, and ASEAN. Malaysia will serve as the centralised hub for right-hand-drive production, positioning the nation as a key player in OMODA | JAECOO's worldwide ambitions.
New Straits Times
3 days ago
- Automotive
- New Straits Times
Chery becomes first Chinese carmaker to export over 5 million vehicles
KUALA LUMPUR: Chery International Group has become the first Chinese car company to export more than five million vehicles worldwide. It has also maintained the No. 1 position for passenger car exports for 22 consecutive years. In July, Chery International achieved the "Double 500" milestone, emerging as the fastest-rising carmaker on both the Fortune Global 500 and the Fortune China 500 lists. The group is now ranked 233rd globally, up from 385th in 2024. It is ranked 59th in China, up from 100th in 2024. These achievements were driven by the Omoda/Jaecoo brand in 44 markets across Asean, Europe, Australia and South America. In just over two years, Omoda/Jaecoo amassed a 37 per cent share of Chery International's total export volume, with cumulative global sales surpassing 570,000 units. It is the fastest emerging brand globally to exceed the half-million mark in sales. Omoda/Jaecoo models have also made significant strides in the new energy vehicle (NEV) category. In the first quarter of this year, NEV models accounted for 13,023 units, a sharp rise from 2,325 units in the same period in 2024. In the first half of 2025, NEVs accounted for 40 per cent of its total exports. Omoda/Jaecoo's global momentum is equally evident in Europe, where it has become the fastest-growing Chinese automotive brand and the first ever to sell over 10,000 units in Spain within 11 months in the market. In Malaysia, the brand grew quickly after the Jaecoo J7 was launched in July 2024. The company announced that more than 17,000 of its vehicles are now on Malaysian roads. According to the Road Transport Department, Omoda/Jaecoo remained among Malaysia's top five automotive brands in the first half of 2025. Moving forward, Omoda/Jaecoo's global export strategy will focus on deeper investments in key markets in Europe, South America and Asean. Malaysia will serve as the centralised right-hand drive hub to support the brand's global ambitions.
New Straits Times
3 days ago
- Automotive
- New Straits Times
Chery first Chinese carmaker to surpass 5mil vehicle exports
KUALA LUMPUR: Chery International Group has become the first Chinese car company to export more than 5 million vehicles worldwide, maintaining its number one position in passenger car exports for 22 consecutive years. In July 2025, Chery International Group achieved a historic "Double 500" milestone, emerging as the fastest-rising automaker on both the Fortune Global 500 and the Fortune China 500 lists for the second consecutive year, respectively. The group now ranks 233rd globally, up from 385th in 2024 and 59th in China, up from 100th in 2024. These achievements were driven by the Omoda/Jaecoo brand, whose values have resonated with customers in 44 markets across Asean, Europe, Australia and South America. In just over two years, Omoda/Jaecoo has amassed a 37 per cent share of Chery International's total export volume, with cumulative global sales surpassing 570,000 units. This remarkable performance also set a new record as the fastest emerging brand globally to exceed the half-million mark in sales. Driven by a strong technological foundation, including the advanced Super Hybrid System (SHS), Omoda/Jaecoo models have also made significant strides in the New Energy Vehicle (NEV) category. In the first quarter of this year, NEV models accounted for 13,023 units, a sharp rise from 2,325 units in the same period in 2024. In the first half of 2025, NEVs accounted for 40 per cent of total exports. Omoda/Jaecoo's global momentum is equally evident in Europe, where it has become the fastest-growing Chinese automotive brand and the first ever to sell over 10,000 units in Spain within its first 11 months on the market. In Malaysia, the brand has grown quickly after the Jaecoo J7 was launched in July 2024. Its presence and popularity rose further with the OMODA C9 in December 2024 and the J7 PHEV in February 2025. Exactly one year after introducing the J7, Omoda/Jaecoo Malaysia celebrated yet another key milestone with the July 2025 unveiling of its flagship J8 SUV. The company also announced that more than 17,000 of its vehicles were now on Malaysian roads. According to the Road Transport Department (JPJ), Omoda/Jaecoo remained among Malaysia's Top 5 automotive brands in the first half of 2025, making it the country's most successful Chinese marque. Moving forward, Omoda/Jaecoo's global export strategy will focus on deeper investments in key markets across Europe, South America and Asean.
Yahoo
5 days ago
- Business
- Yahoo
AuthID Inc (AUID) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic Partnerships ...
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points AuthID Inc (NASDAQ:AUID) recorded its highest quarterly revenue in history at $1.4 million, indicating strong growth. The company successfully launched its IDX platform, which is expected to significantly impact the identity management industry. AuthID Inc (NASDAQ:AUID) has gone live with a UK-based Fortune Global 500 customer, showcasing successful client acquisition and deployment. The partnership with NEC, a leader in biometric solutions, is expected to enhance product offerings and market reach. AuthID Inc (NASDAQ:AUID) has signed an agreement with Proof, one of the largest identity fraud platforms, which is anticipated to boost revenue starting in Q3 2025. Negative Points Operating expenses increased to $5.9 million, up from $3.6 million a year ago, primarily due to increased headcount and R&D investments. The company reported a net loss of $4.4 million for the quarter, indicating ongoing financial challenges. There is a provision for estimated credit loss expense of $0.8 million, reflecting potential risks in customer contracts. The company faces challenges in providing detailed financial forecasts for new products like IDX due to early-stage development. Communication with investors has been criticized for lack of detailed insights, leading to concerns about transparency. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with AUID. Q: Can you explain the $1.2 million of deferred revenue and its impact on annual recurring revenue (ARR)? A: The $1.2 million in deferred revenue comes from invoices issued based on customer contracts that have not yet been recognized as revenue. These invoices are expected to roll into revenue over the coming quarters. The deferred revenue is recurring, and the $5.8 million ARR is accurate as it reflects these recurring contract-driven invoices. - CFO Q: Regarding the Proof partnership, is there a working model, and when do you expect to start collecting revenue? A: The Proof partnership consists of two parts. The first part involves document verification capabilities that can be realized quickly without integration. The second part is more strategic, involving the integration of biometric signals into Proof's platform. We are close to taking a joint customer live, which should result in revenue recognition in the third quarter. - CEO Q: Have you started providing services for the Indian contract signed last November, and are you recognizing revenue? A: We are still ramping up but have gone live and started delivering services to the customer. We are recognizing revenue as we went live with the customer. Despite the delay, we expect to recognize the full $3.3 million contractual commitment for the first year by the end of the contract year. - CFO Q: Can you provide details on the NEC deal, such as booking estimates or when you might start collecting revenue? A: We have just released the product and are working on pilots with customers. We are still understanding the deal cycle and pricing terms, so we cannot provide specific details at this time. However, we are excited about the potential and will share more information as it becomes available. - CEO Q: How are you addressing investor concerns about communication and the lack of detailed press releases? A: We acknowledge the need for better communication and are working on setting up dedicated times to speak with investors outside of blackout periods. We aim to provide more detailed information while respecting customer privacy and contractual obligations. - CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
6 days ago
- Business
- Business Standard
TVS Supply Chain bets big on UK-India trade deal; eyes inorganic growth
TVS Supply Chain Solutions, one of India's largest integrated supply chain service providers, is banking on the UK–India Free Trade Agreement (FTA) to drive growth, given its strong market presence in both countries, Chairman R Dinesh said on Wednesday. The company is also exploring inorganic opportunities across markets that offer strategic fit. The agreement, signed on 24 July in London, is expected to double bilateral trade, adding £25.5 billion to annual trade value. 'With sectors like engineering, auto parts, chemicals, and textiles set to achieve 50–100 per cent export growth, the company's strong presence in both the UK and India positions us well to support Indian businesses expanding into the UK, as well as UK businesses entering the Indian market. We are well prepared to meet evolving supply chain demands and expand our services as these opportunities unfold,' Dinesh told shareholders at the 21st annual general meeting. In FY25, the company reported 9 per cent revenue growth by deepening relationships with existing customers and onboarding new ones. Total income rose 8.4 per cent to Rs 10,029 crore, compared to Rs 9,248 crore in FY24. 'We secured Rs 1,009 crore in new organic business, converting over 25 per cent of the Rs 4,000 crore order pipeline, and entered FY26 with a record order pipeline of Rs 5,250 crore. We served over 6,200 customers globally, and our Fortune Global 500 client base increased to 91 in FY25 from 54 in FY21, reflecting our strategy of targeting marquee customers,' he said. Operating cash flow for FY25 stood at Rs 195 crore. 'Growth is our priority. The necessary strategic initiatives to make that happen organically are being pursued as already elaborated earlier. We will also continue to evaluate inorganic growth opportunities, which are synergistic and have a strong strategic fit,' Dinesh said. He noted that the growth comes amid global geopolitical uncertainties arising from ongoing conflicts in Eastern Europe, instability in West Asia, and disruptions in key maritime routes such as the Red Sea corridor. 'Globally, supply chain companies have historically grown at nearly twice the pace of GDP in the markets where they operate. By deepening our relationships with customers, we have exceeded that benchmark in some of our developed world markets, and our aim is to continue doing so. Our strength lies in delivering tailored, tech-enabled, and highly efficient supply chain solutions—a capability that positions us well for sustained success across both developed and emerging economies,' he added.
