Chery Automobile is steering full speed ahead. The Chinese carmaker posted record revenues and profits for Q4 2025, backed by a stronger global presence and growing investments in new energy vehicles (NEVs) and smart technology. While the future looks bright, investors should keep an eye on the challenges of NEV profitability and the costs of rapid expansion.

Last year, Chery’s net income jumped 34.6% to 19.02 billion yuan ($2.77 billion). This surge came on the back of record global deliveries of 2.63 million vehicles, an 8% rise from 2024.

Revenue also climbed 11.3% to 300.29 billion yuan. Despite tough competition in China’s passenger car market, Chery managed to slightly lift its overall gross margin to 13.8% from 13.5% the year before.

Financial highlights for the year ended 31 December 2025

NEVs Take the Spotlight

• Passenger vehicles made up the major revenue at 272.4 billion yuan, or 90.7% of total sales. NEVs stole the spotlight, with sales soaring 66.4% to 98 billion yuan, now making up almost a third of passenger vehicle revenue.

Traditional internal combustion engine (ICE) vehicles fell 7.2% to 174.3 billion yuan, reflecting the ongoing industry shift toward electrification. The surge in NEV sales shows how the market is changing fast, and Chery is clearly keeping pace.

Chery Going Global Pays Off

Chery’s international strategy is paying off.

• For the first time, overseas revenue outpaced domestic sales, jumping to 157.4 billion yuan from 100.9 billion yuan, while China’s sales dropped to 142.9 billion yuan.

This milestone highlights how Chery’s global expansion is more than a strategy—it’s a real driver of growth. It also shows the brand’s rising appeal outside China, particularly in markets that value affordable, high-tech, and energy-efficient vehicles.

A Rise in Gross Profit

Overall gross profit increased 14.1% to 41.4 billion yuan, but NEVs still lag behind ICE vehicles on margins, earning 8.8% compared to 15% for ICEs. As NEVs took up a larger share of the passenger vehicle mix, the core business margin slipped slightly to 12.8%.

The EV maker is investing heavily to meet rising global demand, pushing up capital expenditure, marketing, and R&D spending to build capacity and future models. Selling and distribution costs jumped 32.6% due to aggressive marketing campaigns, while research and development spending rose 23.8% as the company accelerated innovation for its next-generation vehicles.

Brand Performance Highlights

• Among Chery’s brands, Luxeed and iCar saw the fastest growth. Luxeed sold 90,493 vehicles, up 56% year-on-year, while iCar delivered 96,989 units, a 47% increase.
• Meanwhile, the premium Exeed brand fell 15% to 120,369 units, showing that not all segments are booming equally.

This show, Chery is clearly experimenting with a multi-brand approach, pushing emerging names forward while keeping an eye on premium offerings.

• SEE MORE: China’s New 2030 Climate Playbook and What It Means for the EV Market

Chery’s Solid-State Batteries on the Horizon

Chery is doubling down on technology to stay ahead. According to the CnEV report, the company planned to unveil its solid-state battery technology at its upcoming “Battery Night,” promising ranges over 1,200 kilometers—a potential game-changer in the EV market.

The solid-state battery module showcased in October 2025 signals Chery’s serious step toward longer-range, high-performance electric vehicles, which could help it compete with international EV leaders.

Chery’s Emissions and Energy Use

Chery is ambitious about cutting emissions and using energy more efficiently. In its 2024 ESG Report, the company tracks greenhouse gas emissions, energy consumption, and ways to make operations cleaner.

It reports both Scope 1 and Scope 2 emissions—direct emissions from the fuel it uses and indirect emissions from electricity.

• Scope 1 emissions rose from 140,000 to 203,000 tonnes of CO₂e in 2024, and total emissions for Scopes 1 and 2 reached over 733,000 tonnes.
• Emission intensity, which measures CO₂e per vehicle, rose slightly to 0.30 tCO₂e, reflecting changes in production and energy use.

Chery’s energy strategy focuses on cleaner electricity and renewables, aligning with China’s targets for carbon peak by 2030 and carbon neutrality by 2060. About 30% of energy at China plants comes from green sources, and the company has installed 210 MW of solar panels across its facilities. It also improves energy efficiency in factories, cutting energy use and emissions.

On the vehicle side, it assesses the full lifecycle carbon footprint of nearly all models, from production to end-of-life, helping the company target areas with the highest impact.

To further reduce emissions, Chery is investing in hybrids, NEVs, and supply chain efficiency. Low-carbon materials, energy-efficient manufacturing, and renewable adoption are part of a multi-year transition to greener operations. This approach shows that Chery is serious about sustainability while scaling up production globally.

Smart Mobility and AI

Chery’s guiding philosophy, “Technology Shapes the Future,” reflects a clear commitment to electrification and intelligent mobility. The company is building cross-industry alliances and pushing innovations in AI and smart vehicles.

Its AI governance framework aligns with international standards, covering intelligent cockpits, driver assistance, and quality prediction tools. This ensures that Chery’s vehicles are not only electric but also smart, safe, and ready for future mobility trends.

Innovation in Hybrids and Ethanol Fuel

Chery focuses on hybrid powertrains, next-gen battery tech, and expanding electric vehicle options. The Fulwin, EXLANTIX, and JETOUR Shan Hai series offer hybrid and plug-in options for city driving, long trips, and off-road adventures.

Its fifth-generation Super Hybrid System powers multiple series, offering high fuel efficiency and long-range capabilities, tested under extreme conditions. The tri-motor architecture and 3-speed intelligent electric hybrid DHT enable the JETOUR Shan Hai T2 AWD to accelerate from 0 to 100 km/h in 5.5 seconds while covering over 1,200 kilometers.

Last year, the company rolled out plug-in hybrids compatible with high-ratio E32 ethanol fuel, further cutting carbon emissions and boosting energy flexibility. These moves highlight how the company blends innovation with environmental responsibility.

Looking Ahead

Chery’s 2025 performance shows a company in transition. Revenues and global sales are surging, NEVs are taking a larger share, and investment in technology and sustainability is accelerating.

However, challenges remain, including NEV profitability, execution risks, and cash flow management. But with strong finances, aggressive R&D, and a clear global strategy, Chery can become a major player in low-carbon, intelligent mobility.

• FURTHER READING: China Now Controls 69% of the Global EV Battery Market as CATL and BYD Surge in 2025 

The post Chery Hits Record Earnings as It Bets Big on NEVs, Overseas Sales, and Clean Energy appeared first on Carbon Credits.

Google has signed a major deal to buy carbon removal credits from an affiliate of AMP Robotics. The agreement targets the removal of 200,000 metric tons of carbon dioxide equivalent (CO₂e) by 2030. It is one of Google’s largest carbon removal purchases to date.

The project uses artificial intelligence (AI) to sort municipal solid waste. Organic waste is separated before it reaches landfills. Instead of decomposing and releasing methane, the waste is turned into biochar. Biochar is a stable material that can store carbon for hundreds of years.

The deal shows how large companies are moving beyond simple offsets. They are now funding durable carbon removal solutions that can scale over time.

AI + Biochar: Turning Trash into Carbon Storage

The project’s approach tackles two problems at once. It reduces methane emissions in the short term. It also removes carbon dioxide for the long term. Methane is a powerful greenhouse gas. In the United States, landfilled waste is the third-largest source of human-caused methane emissions, according to the U.S. Environmental Protection Agency.

Reilly O’Hara, Program Manager, Carbon Removal at Google, remarked:

“Beyond the carbon removal itself, we are excited to explore the dual-action impact of AMP’s approach on methane – a superpollutant 80x more potent than CO2. By diverting organic matter before it decomposes and utilizing biochar in landfill soil covers to neutralize existing gases, this partnership could serve as a blueprint for eliminating emissions at the source, leveraging existing industry, and creating a scalable model for the circular economy.”

The AMP system uses AI to identify and sort materials from mixed waste streams. The company says its platform has already identified more than 200 billion items and processed 2.9 million tons of recyclables globally.

In this project, the system will process up to 540,000 tons of waste per year in Virginia. At least 50% of this waste will be diverted from landfills. Each ton of waste diverted can reduce or remove more than 0.7 tons of CO₂e. That adds up to over 378,000 tons of CO₂ avoided or removed each year. This is equal to taking about 88,000 cars off the road annually.

The project is backed by a 20-year contract with a regional waste authority serving 1.2 million people. Over time, AMP aims to convert 5 million tons of organic waste into biochar over 20 years.

image here….

Biochar also has added uses. It can be used in landfills to reduce odors and control pollution. It may also be used in construction and cement. This creates new value streams while storing carbon.

• MUST READ: Biochar Carbon Credits in 2025: Stable Prices Amid Weakening Demand

Carbon Removal Market Gains Momentum

The deal reflects a wider shift in the carbon market. Companies are now focusing on carbon dioxide removal (CDR) instead of traditional offsets. Carbon removal captures CO₂ from the atmosphere and stores it for long periods.

The market is still small but growing fast. A coalition backed by major companies, including Google, has committed to spending $1 billion on carbon removal credits by 2030.

Recent deals show rising demand:

• Google agreed to buy 100,000 tons of carbon removal credits from an agricultural biochar project in India.
• It also signed a deal for 50,000 tons of removal credits using underground waste storage technology.

Prices for high-quality removal credits remain high. Some deals have reached around $362 per ton, reflecting early-stage technology and limited supply.

At the same time, developers are working to scale production and lower costs. Biochar is seen as one of the more practical options today because it uses existing waste streams and proven processes.

Methane Matters: Quick Wins for the Climate

One reason this deal matters is its focus on methane. Methane causes much faster warming than CO₂ in the short term. Reducing methane can deliver quick climate benefits.

Waste is a major methane source. When organic waste breaks down in landfills, it releases methane gas. By diverting this waste early, AMP’s system prevents methane from forming at all.

This makes waste-based carbon removal different from many other methods. It combines emissions avoidance and carbon removal in one process.

This dual benefit is attracting attention from companies and policymakers. Many climate strategies now include methane reduction as a priority. Technologies that can do both removal and avoidance may scale faster than single-purpose solutions.

Beyond market impact, the deal highlights how Google is managing its rising emissions.

How This Fits Google’s Climate Strategy

The deal is part of Google’s wider plan to reduce its climate impact. The company has set a goal to reach net-zero emissions across its operations and value chain by 2030. It also aims to run on 24/7 carbon-free energy by 2030, meaning every hour of electricity use is matched with clean energy.

However, Google’s emissions have risen in recent years. In its 2024 environmental report, the company noted around 11.5 million tonnes of ambition-based CO₂e emissions. This marks an 11% rise from 2023 and is about 51% higher than in 2019. The increase shows ongoing growth in energy use, mainly from AI-powered data centers and expanded infrastructure.

Because of this, Google is using carbon removal to address emissions it cannot fully eliminate. The company has said it will rely on high-quality carbon removal credits instead of traditional offsets. These credits must remove carbon from the atmosphere and store it for long periods.

The tech giant is also a founding member of Frontier, a coalition of companies committed to spending $1 billion on carbon removal by 2030. The group helps fund early-stage technologies and scale supply.

This strategy reflects a broader shift among tech companies. As energy use grows, especially from AI and cloud computing, firms are investing more in carbon removal to meet climate targets. 

• SEE MORE: Microsoft’s Major Biochar Deal Aims to Offset 1.24M Tonnes CO2

Carbon Removal Demand Surges, But Supply Falls Short

The Google–AMP deal shows how fast the carbon removal market is growing. But the market is still far from the scale needed to meet climate goals. Today, global emissions remain high at about 38 gigatonnes of CO₂ in 2024, according to the International Energy Agency.

To balance these emissions, demand for carbon removal is rising quickly. Estimates show the market could reach 40 to 200 million tonnes of CO₂ removal per year by 2030, and as much as 80 to 900 million tonnes by 2040. This could create a $10 billion to $40 billion market by 2030, growing to as much as $135 billion by 2040.

At the same time, supply is still limited. Current announced projects may only deliver around 33 million tonnes by 2030, far below expected demand. This gap is one reason large buyers like Google are signing long-term deals early. These agreements help scale new technologies and secure future supply.

Long-term, carbon removal will play a major role in climate strategy. Some projections show that removal capacity must reach around 1.7 gigatonnes per year by 2050 to meet global climate targets. Carbon capture alone could deliver about 12% of total emissions reductions between 2030 and 2050, especially in heavy industries like cement and steel.

Investment is also rising fast. In the past five years, the number of carbon removal startups has grown fivefold, and venture funding has increased sevenfold. This shows strong interest from both private investors and large companies.

Closing the Carbon Gap

Still, challenges remain. Costs are high, and standards are still evolving. Some forecasts suggest the market could reach up to $100 billion per year by the early 2030s, but only if policy support and financing improve.

In this context, the Google–AMP deal reflects a clear shift. Companies are moving early to secure high-quality carbon removal. They are also helping build the market from the ground up. Waste-based solutions like biochar may scale faster because they use existing systems and deliver both methane reduction and carbon storage.

Overall, carbon removal is moving from a niche idea to a core part of climate strategy. But the gap between current supply and future demand remains large. Closing that gap will require strong investment, clear rules, and continued innovation across the sector.

• READ MORE: Microsoft More Than Doubles Carbon Removal Deals to 45 Million Tonnes in 2025

The post Google Inks Waste-to-Carbon Deal to Remove 200K Tons of CO₂ With AI and Biochar appeared first on Carbon Credits.

Thorium is making a strong comeback in the global energy conversation. For decades, it remained on the sidelines while uranium dominated nuclear power. Now, the shift toward net-zero emissions is changing that story. Countries need reliable, low-carbon energy that works around the clock. As a result, advanced nuclear technologies are gaining attention again—and thorium is leading that discussion.

At the same time, rapid innovation in reactor technologies is making thorium more practical. Designs such as molten salt reactors and small modular reactors are unlocking its potential. This combination of policy support, technological progress, and climate urgency is pushing thorium from theory toward reality.

Thorium vs Uranium: A New Nuclear Equation

Thorium is a naturally occurring radioactive metal found in the Earth’s crust, but it works differently from uranium. It is not directly fissile, which means it cannot sustain a nuclear reaction on its own. Instead, thorium-232 absorbs neutrons inside a reactor and transforms into uranium-233. This new material then drives the nuclear reaction.

This process may sound complex, but it delivers clear benefits. Thorium reactors or thorium-based fuel systems are more stable under high temperatures. They also reduce the risk of catastrophic failure, such as meltdowns. In addition, they generate far less long-lived radioactive waste compared to conventional uranium reactors

Thus, the comparison between thorium and uranium is the key to this transformation. We summarize the differences in the table below:

Another factor is safety. Many thorium reactors use passive safety systems that rely on natural processes, which lowers the risk of accidents. Uranium reactors, especially older ones, depend more on active cooling and human control.

Geopolitics also plays a role. Uranium supply is concentrated in a few regions, creating risks. Thorium is more widely available, which improves energy security and reduces dependence on specific countries.

However, uranium still has a clear advantage today. Its infrastructure is already in place, and it has long powered nuclear energy. Often called “yellow gold,” it is well understood and widely used with a mature supply chain. Thorium still needs new reactor designs, fuel systems, and regulatory support, so it is more likely to complement uranium in the near term.

• MUST READ: Uranium Prices 2026: Supply Crunch and Rising Demand Fuel a Nuclear Bull Market

Advanced Reactor Technologies Unlocking Thorium

For many years, thorium remained underutilized because conventional reactors were not designed for it. Today, that is changing. New reactor technologies are making thorium more viable.

• Molten Salt Reactors (MSRs): Use liquid fuel for better heat transfer and low pressure, improving safety, efficiency, and thorium utilization.
• Advanced Heavy Water Reactors (AHWRs): Support mixed fuel use, enabling gradual thorium adoption; central to India’s nuclear strategy.
• Small Modular Reactors (SMRs): Compact and flexible systems that are easier to deploy; increasingly designed to support thorium fuel cycles.
• Liquid Fluoride Thorium Reactors (LFTRs): A type of MSR offering high efficiency and built-in safety, making them a leading thorium energy solution.

Global Thorium Reserves Highlight Long-Term Potential

Thorium’s abundance is one of its strongest advantages. According to geological assessments, these reserves could theoretically generate electricity for several centuries if fully utilized in advanced reactor systems. That makes thorium not just an alternative fuel, but a long-term energy solution.

Even when compared to rare earth elements, which total around 120 million tons globally, thorium remains highly competitive in terms of its energy potential, despite differences in extraction economics.

USGS data shows that the geographic spread of thorium further strengthens its appeal.

• Major reserves are located in India, Brazil, Australia, and the United States. India leads with approximately 850,000 tons, followed by Brazil with 630,000 tons. Australia and the United States each hold around 600,000 tons.
• In addition, countries within the Commonwealth of Independent States collectively hold about 1.5 million metric tons of thorium. This includes nations such as Kazakhstan, Uzbekistan, and Azerbaijan. This wide distribution supports global energy security by reducing reliance on a limited number of suppliers.

Regional Highlights

Asia-Pacific leads with over 55% of global share in 2025, supported by strong government backing, active research programs, and growing use of rare earth materials.

Countries like India and China are driving this growth. Rising energy demand and long-term policies are accelerating investment in thorium technologies. They are not just researching but actively preparing for deployment.

Meanwhile, North America is the fastest-growing region. Increased funding and private sector involvement are boosting innovation, especially in next-generation reactors that can use thorium fuel.

Together, this regional momentum is driving global competition and pushing the race for leadership in thorium energy.

Thorium Market Size and Demand Drivers

Market research reports indicate that the global thorium reactor market is projected to grow from $4.56 billion in 2025 to $8.97 billion by 2032, with CGAR 10.1%. This growth reflects increasing demand for clean, reliable, and low-carbon energy.

At the same time, other broader market estimates suggest the thorium sector could reach $13 billion by 2033, growing at a more moderate 4% rate. These figures include not just fuel, but also materials, reactor development, and associated technologies.

Several factors drive this growth. Governments are increasing investments in clean energy technologies. Research institutions are advancing reactor designs. At the same time, the need for energy security and reduced carbon emissions is becoming more urgent.

These converging trends are positioning thorium as a strategic energy resource. While large-scale commercialization is still ahead, the direction of growth is clear.

Competitive Landscape: A Market Defined by Innovation

The thorium market is still in its early stages, and this is reflected in its competitive landscape. Unlike mature energy sectors, it is not dominated by large-scale commercial players. Instead, it is shaped by collaboration, research, and pilot projects.

Copenhagen Atomics’ Strategic Partnership with Rare Earths Norway

As the industry evolves, partnerships are becoming increasingly important. One notable example is Copenhagen Atomics, which has signed a Letter of Intent with Rare Earths Norway. This agreement aims to secure access to thorium from the Fensfeltet deposit in Norway.

This partnership highlights a key shift in how thorium is viewed. It is now being recognized as a valuable energy resource. By integrating thorium into supply chains, companies are laying the groundwork for future commercialization.

Copenhagen Atomics is also developing modular molten salt reactors designed for mass production. This approach requires not only technological innovation but also a reliable supply of materials. Partnerships like this are critical for building that ecosystem.

Thorium molten salt reactor, with the focus on low electricity price and fast installation

India’s Thorium Strategy Sets a Global Benchmark

India stands out as one of the most advanced players in the thorium space. Its nuclear program is built around a three-stage strategy designed to fully utilize its domestic thorium reserves.

• The country’s Department of Atomic Energy and Atomic Energy Commission are leading this effort. Research institutions are developing advanced reactor designs, including the Advanced Heavy Water Reactor and molten salt systems.
• One of the key milestones is the Prototype Fast Breeder Reactor at Kalpakkam, which is expected to play a crucial role in producing uranium-233 from thorium. This will enable a closed fuel cycle, improving efficiency and sustainability.
• Private sector involvement is also growing. Clean Core Thorium Energy is supplying advanced fuel for testing in existing reactors. At the same time, companies like NTPC and Larsen & Toubro are supporting large-scale deployment and infrastructure development.

India’s long-term vision is ambitious. With its vast thorium reserves, the country aims to secure an energy supply for up to 200 years. This strategy not only strengthens energy security but also positions India as a global leader in thorium technology.

Thor Energy: Leading in Fuel Development

Companies like Thor Energy are leading the way in fuel development. Their work on thorium-plutonium mixed oxide fuel and ongoing irradiation testing provides valuable real-world data. Similarly,

Other players are taking different approaches:

• Ultra Safe Nuclear Corporation is integrating thorium fuel cycles into its Micro Modular Reactor design. This approach focuses on creating a fully integrated energy system.
• NRG in the Netherlands is conducting critical experiments that provide data on reactor performance and fuel behavior.
• National laboratories also play a key role. Organizations such as Atomic Energy of Canada Limited provide the expertise and facilities needed to support research and development. Their contributions are essential for advancing the technology.

Overall, the market is best described as a technology race. Companies are not competing on volume yet. Instead, they are competing to prove that their solutions work at scale.

A Strong Fit for the Net-Zero Transition

The global push for carbon neutrality is a major driver behind thorium’s rise. More than 130 countries have set or are considering net-zero targets. Achieving these goals requires a mix of energy solutions.

As we may already know, renewables like solar and wind are essential, but they are not always reliable. Their output depends on weather conditions, which creates gaps in the electricity supply. These gaps must be filled by stable, low-carbon sources.

Thorium-based nuclear power offers exactly that. It provides consistent baseload electricity without producing greenhouse gas emissions during operation. At the same time, it addresses key concerns associated with traditional nuclear energy, such as safety and waste.

This alignment with climate goals is driving interest in thorium. Governments are exploring it as part of broader energy strategies. Investors are also paying attention, recognizing its long-term potential. Simply put, this phase can be seen as a technology race. The goal is to prove that thorium systems can operate safely, efficiently, and economically at scale. Success in this area will determine the pace of market growth.

• ALSO SEE: India–Canada Usher in a New Era of Partnership as Cameco Signs $2.6B Uranium Deal 

The post From Uranium to Thorium: The New Equation Driving Global Nuclear Innovation appeared first on Carbon Credits.