On July 12, Chery Group released a statement concerning its declaration of subsidies for new energy vehicles to the Ministry of Industry and Information Technology. This declaration, made in 2025, encompasses new energy vehicles from 2016 to 2020 that were yet to complete the subsidy application process. It is important to note that these subsidies are pending approval by four ministries and commissions and are not funds that have already been disbursed and now require repayment. Chery's submitted declaration materials have successfully undergone rigorous third-party audits at both the provincial and municipal levels.
Furthermore, any vehicles for which sales terminal receipt vouchers were not collected were preemptively reported before the initial review stage, ensuring transparency and honesty. The subsequent reduction in subsidy amounts, attributed to inconsistencies in vouchers, represents a standard procedural adjustment and does not constitute any regulatory violation. Chery emphasizes that allegations of "violation", "repayment", "improper application", "fraudulent subsidy", and "refund" are unfounded and misleading.