Month: July 2020

At the Energy Management Leadership Awards Ceremony during the 11th Clean Energy Ministerial (CEM 11), Chery received the “2020 CEM Insight Award for Leadership in Energy Management” as the only Chinese automaker awarded this year. It is Chery’s first international energy management award.

Certificate of Award

Inaugurated in 2010, CEM is the only permanent international ministerial meeting on clean energy. With key members including China, Australia, Brazil, Canada, Chile, France, Germany, India, Italy, Japan, Russia, Saudi Arabia, South Korea, Spain, the UK, the U.S. and the UAE, CEM is aimed to promote international cooperation in clean energy. Initiated by CEM’s Energy Management Working Group, the Energy Management Leadership Awards are presented to enterprises that have elevated the global awareness and benefits of energy management to the ISO50001 energy management system standard.

In recent years, Chery has kept increasing investment in energy-conserving renovation. Chery has built a roof/shed PV power generation system that had generated 62 megawatts or 61.8 million kilowatt-hours of electricity by late 2019; has completed the LED renovation of its key production line/station lighting system, saving electricity by some 4.2 million kilowatt-hours annually; has completed the renovation of frequency conversion fans of the air conditioning system in the painting shop by using frequency conversion technology to adjust fan frequency, to save electricity by some 600,000 kilowatt-hours annually. Chery has also quantized and checked carbon footprints of products, and disclosed the carbon footprint check report.

Chery’s roof/shed PV power generation system

In terms of energy management, Chery introduced the ISO50001 energy management system standard in 2015, and completed the switch to the new standard in 2019 as the first Chinese automaker to pass the version change audit. Chery has kept improving energy management system construction, and mobilized companywide engagement in energy conservation, to improve energy performance year by year. According to statistics, Chery saved energy by 32,862GJ from 2018 to 2019, to support its sustainable development goal with less resources and energy consumption.

In the future, Chery will advance the application of high-efficiency lighting, PV power generation, ultra efficient equipment and intelligent micro grid, to further improve energy efficiency and management.

Chery-incubated EFORT Intelligent Equipment Co., Ltd. (EFORT) went public on the START Market of the Shanghai Stock Exchange on July 15, with the ticker symbol “688165”. This is another listed subsidiary incubated by Chery after the listing of Bethel Automotive Safety Systems Co., Ltd. on the Main Board in 2018.

EFORT issued 130 million shares at 6.35 yuan per share. On its first trading day, the stock opened at 26.66 yuan per share, and skyrocketed 387.87 percent to close at 30.98 yuan per share with a market capitalization of about 16.165 billion yuan.

Over the years, Chery has offered about 150,000 jobs by incubating enterprises in emerging industries such as industrial robotics, general aviation, new energy, modern agricultural equipment, intelligent connectivity, auto finance, tourism real estate and cross-border e-commerce.

EFORT is a Chinese leading industrial robot enterprise, one of China’s top 100 intelligent manufacturers, as well as a member enterprise of Chery Technology-a key enterprise in Chery’s automotive parts sector. The last three digits (“165”) of the ticker symbol “688165” taken by EFORT represent its first independently developed 165kg heavy-duty point welding robot.

EFORT has created a layout of core parts, machines and high-end system integration covering the whole industrial robot chain, used robot products and solutions to empower industries such as new energy vehicle, rail transit, aerospace, 3C electronics, PV, construction machinery and foundry, and exported them to Europe, Asia and Africa.

EFORT will invest the raised capital in the R&D and industrialization of next-generation intelligent high-performance industrial robots, the performance improvement and capacity building of core robot parts, as well as the R&D and industrialization of a robot cloud platform, in an effort to become a globally competitive robot company.

In recent years, Chery has taken full advantage of its institutional advantage and brand effects, focused on the auto industry, deployed in seven business sectors: automobile, automotive parts, shipping, real estate, finance, modern services and intelligence, and established over 270 member enterprises. With over 90 parts manufacturers, Chery Technology, a key enterprise in Chery’s automotive parts sector, has implemented the strategy of “industrial management + capital operation”. With nearly 20 listed companies, Chery has kept promoting the capacity improvement and win-win development of its member enterprises.