Who owns iCar? The ownership chain, Chery Automobile Co., Ltd.'s stake and the 2023 deal
Facts checked Chinese holding 100%
iCar is Chinese. It is a Chery electric sub-brand aimed at younger buyers, known for boxy off-road-styled small SUVs.
iCar Ecological Technology Co., Ltd. is a Chery subsidiary set up in April 2023. The exact holding was not established here; the brand is exported as iCAUR.
The short answer
| Controlled by | Chery Automobile Co., Ltd. |
|---|---|
| Stake | not published |
| Since | April 2023 |
| Kind | brand |
| Origin | CN |
| Name in Chinese | 爱咖 “eye-KAH” |
| Top of the chain | Wuhu municipal government (Wuhu SASAC) |
| Is it Chinese? | Yes |
The chain, step by step
Wuhu municipal government (Wuhu SASAC) holds a stake in Chery Automobile Co., Ltd. at 21.17% since January 2025.
The Wuhu city government holds its Chery shares through Wuhu Investment Holding Co., Ltd., which is 95.59% owned by the city's state-asset commission. It became a direct holder of 21.17% of Chery Automobile in January 2025 and was diluted by the September 2025 share issue; the largest holder is shown at about 19.9% in later data. Chery told the Hong Kong exchange that no single party is able to control the company.
Chery Automobile Co., Ltd. controls iCar since April 2023.
iCar Ecological Technology Co., Ltd. is a Chery subsidiary set up in April 2023. The exact holding was not established here; the brand is exported as iCAUR.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Wuhu municipal government (Wuhu SASAC) | Chery Automobile Co., Ltd. | holds a stake in | 21.17% | January 2025 |
| Chery Automobile Co., Ltd. | iCar | controls | controls | April 2023 |
iCar: questions people ask
- Who owns iCar?
- Chery Automobile Co., Ltd. of Wuhu, China. The operating company is iCar Ecological Technology Co., Ltd.
- Why is it called iCAUR outside China?
- Chery changed the export spelling in April 2025 for trademark reasons. The cars are the same.
- Is iCar electric?
- Yes, in the broad sense. The V23 is battery-electric; the V25 and V27 are range-extender electric cars, which carry a petrol engine that only generates electricity.
- Is iCar sold in the United States?
- No.
Related
Sources for iCar
- Gasgoo, Chery Automobile 2025 full-year sales exceed 2.63 million vehicles, up 8%. Read .
- Wikipedia, iCar (marque). Read . Finding aid for the April 2023 establishment, the operating company's Chinese name, the model list and the iCAUR rename.
- Wikipedia, List of automobile manufacturers of China. Read . Chery Automobile's brand portfolio.
- 中国基金报 (China Fund News), 奇瑞IPO迷局 (Chery's IPO puzzle). Read . Published 2 March 2025.
- Wikipedia, Chery. Read . Finding aid for the post-listing figure of about 19.9%; not verified against a filing.