Chery's Luxeed to gain own production license, plans IPO

· Automotive & EV · China

Luxeed, the electric vehicle brand backed by Chery and Huawei, is set to obtain its own production license, and an insider said the Chery unit plans to go public independently in the future. The move would give Luxeed a more independent standing inside the Chery group, separating its manufacturing authorization from its parent. Luxeed is one of several Huawei-linked car brands in China that combine Huawei's software and smart-driving technology with a partner automaker's manufacturing. A standalone listing would mark a further step in the financial and operational unbundling of these collaborative brands, and would give investors a direct vehicle to back the Huawei-adjacent auto ecosystem.

Why it matters：Huawei-linked car brands are becoming standalone businesses, which could reshape how Chinese automakers structure partnerships and how investors access the sector.

Key points

  • Luxeed is set to obtain its own vehicle production license.
  • An insider said the Chery unit plans an independent IPO.
  • Luxeed pairs Huawei technology with Chery manufacturing.

Sources (original reporting)

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