Jetour Aims for Two Million Vehicle Sales by 2030

The Chery-owned brand plans to triple its current volume by expanding into Europe and Australia. Half of all future sales are expected to come from overseas.

Xurve View
Insights:

The Chinese sport-utility vehicle manufacturer Jetour has set an ambitious growth target to more than triple its annual sales to 2 million units by 2030. This strategic roadmap, unveiled during the Beijing Auto Show, emphasizes a significant shift toward global markets as domestic competition intensifies within China.

Ke Chuandeng, the president of Jetour International, indicated that the brand aims for international sales to account for half of its total volume by the end of the decade. Jetour is a subsidiary of the Chery automotive group and reported a sales increase of nearly 11% last year, reaching 620,000 vehicles. Approximately 40% of those sales were generated outside of the domestic market.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.