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Absa Vehicle and Asset Finance and Foton South Africa celebrated their first anniversary with an innovative new taxi finance product.
- Industry News
- 30 July 2025
Chery says it is ready to “strike on all fronts” with a range of new energy vehicles (NEV) slated for introduction in 2024.
The group – officially the largest vehicle exporter in China – reaffirmed its commitment to introduce hybrid (HEV), plug-in hybrid (PHEV), battery electric (BEV) and other NEV models to international markets in the coming year.
“Chery has outperformed the South African market consistently over the past two years, and we believe that we can further accelerate our sales performance by entering the NEV market.
“As our short history in South Africa has shown, we do not simply enter a new market segment with a new model. We compete aggressively by offering some of the best specifications, the best possible warranty and the best possible range of value-added products.
“This has allowed us not only to win sales from competitor brands, but also to grow the market segment that we have entered,” says Tony Liu, Deputy Executive General Manager of Chery South Africa.
In China, Chery has seen significant sales growth in the NEV market with its range of PHEV and BEV models. It includes its new Tiggo 7 Pro and Tiggo 8 Pro Plug-in Hybrid Electric Vehicles.
For instance, in November, Chery sold 212 076 vehicles. This is an increase of 111% over the same month last year and it is an all-time monthly record for the brand. Total sales for Chery in 2023, including PHEV and EV models in its domestic market, are up by 47.8% to 1 665 626 vehicles.
The Tiggo PHEV models use a proprietary hybrid system that was developed by Chery and tested for over five million kilometres and 30 000 hours. This makes the new Chery PHEV system one of the most comprehensively tested propulsion systems in the history of the automotive world.
At the heart of this system is a new dual electric motor system with a clean-burning turbo-petrol internal combustion engine. The system is a full hybrid, which means that it can run on electricity alone, combine both power units or use the internal combustion engine alone.
“One of the many benefits of the extensive testing of the hybrid system is that our Chery engineers were able to develop very specific driving modes for every use case. This is built into the hybrid system and the vehicle will switch between the systems automatically,” says Tony.
“In our real-world testing, the new PHEV Tiggo models offer a range of close to 1 000 kilometres. We cannot wait to introduce them in South Africa,” he says.
Absa and BYD, the world’s leading electric car manufacturer, have partnered to drive sustainable vehicle finance solutions as demand for new-energy vehicles (NEVs) surges in South Africa.
Hino South Africa has extended its Hino 300 Hybrids undergoing local field trials with selected customers.
Following the launch of the all-electric EX90 seven-seater, Volvo Car South Africa (VCSA) is reiterating its commitment to the local market with the announcement of four electric vehicles, set to arrive over the coming months.