Who owns Karry? The ownership chain, Chery Holding Group's stake and the 2009 deal
Facts checked Chinese holding 100%
Karry is Chinese. It is Chery Holding's commercial-vehicle brand, making vans and small trucks, and sits in the state-owned side of the Chery structure rather than in Chery Automobile.
Karry is held through Chery Commercial Vehicle (Anhui) Co., Ltd. It is the one Chery marque reported to sit under Chery Holding Group rather than the listed Chery Automobile after the September 2025 IPO; the percentage was not established here.
The short answer
| Controlled by | Chery Holding Group |
|---|---|
| Stake | not published |
| Since | 2009 |
| Kind | brand |
| Origin | CN |
| Name in Chinese | 开瑞 “kye-RWAY” |
| 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 Holding Group at 29.47%.
Wuhu Investment Holding held 29.47% of Chery Holding Group before the January 2025 restructuring, the largest single block. Chery has said the three biggest holders of Chery Holding - Wuhu Investment Holding, the Ruichuang employee vehicle and the Luxshare vehicle - were too close in size for any of them to control it, so Chery Holding has no actual controller either.
Chery Holding Group controls Karry since 2009.
Karry is held through Chery Commercial Vehicle (Anhui) Co., Ltd. It is the one Chery marque reported to sit under Chery Holding Group rather than the listed Chery Automobile after the September 2025 IPO; the percentage was not established here.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Wuhu municipal government (Wuhu SASAC) | Chery Holding Group | holds a stake in | 29.47% | not published |
| Chery Holding Group | Karry | controls | controls | 2009 |
Karry: questions people ask
- Who owns Karry?
- Chery Holding Group, through Chery Commercial Vehicle (Anhui) Co., Ltd. Unlike Chery's car brands, Karry is reported to sit outside the Hong Kong-listed Chery Automobile.
- What does Karry mean?
- The Chinese name is 开瑞 (Kāiruì): 开 means to open or to drive and 瑞 ruì means auspicious, the same character as in Chery's own name. The Latin spelling echoes the English word carry.
- What does Karry make?
- Light commercial vehicles: electric delivery vans and light trucks, sold mainly in China.
- Is Karry sold outside China?
- Its sales are overwhelmingly domestic; no export programme was established in this pass.
Related
Sources for Karry
- Wikipedia, Karry. Read . Finding aid for the 2009 founding, the operating company, the product range and the position after Chery Automobile's IPO. This was the only source found for Karry in this pass.
- Wikipedia, List of automobile manufacturers of China. Read . Chery Holding listed under local-government state ownership with Karry and C&C Trucks.
- 中国基金报 (China Fund News), 奇瑞IPO迷局 (Chery's IPO puzzle). Read .