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On July 29, the 2025 Fortune Global 500 list was officially released worldwide. Chery Holding Group Co. Ltd. climbed to 233rd place, rising 152 positions from 2024, making it the fastest-rising automaker of the year. Meanwhile, Chery’s cumulative vehicle exports have surpassed 5 million units, maintaining its position as China’s No.1 auto exporter.

Chery’s premium new energy brand for global markets, EXEED, has seen sustained sales growth over the past month. In July, its RX PHEV model continued to perform strongly in core European markets such as the UK, Spain, and Italy. In the UK, sales reached 291 units, up 117 percent month on month. Spain led its segment with 599 units sold, underscoring the model’s growing appeal.

In Italy, 147 units were sold, placing the model at the forefront of the D-segment SUV category. Meanwhile, EXEED is accelerating its expansion in the Middle East, with the RX PHEV set to officially launch in �������� this year, redefining the standards of premium mobility in the region with its cutting-edge technology DNA.

As an SUV equipped with next-generation global hybrid technology, the RX PHEV features the largest-in-class 34.46 kWh battery in Europe. It delivers an electric-only WLTP range of up to 145 km — and achieved an impressive 169 km during real-world testing. Combined with a 70-liter fuel tank, the total range exceeds 1,100 km, while fuel consumption is as low as 1.7 liter/100 km. Additionally, its 65 kW DC fast-charging system enables the battery to charge from 30 percent to 80 percent in just 25 minutes, easing range anxiety.

In terms of safety, the RX PHEV sets a new benchmark in its class with outstanding real-world test results. It earned a 5-star rating in the E-NCAP safety assessment, scoring 90 percent for adult occupant protection, 85 percent for child occupant protection, 81 percent for vulnerable road user protection, and 80 percent for safety assist systems. Its performance in adult protection, pedestrian safety, and driver assistance even surpasses that of premium models such as the Audi Q5.

From long-distance hybrid performance testing across nine European countries to 5-star safety certification and real-world validation at premium events, the strength of RX PHEV has been proven in both market and scenario-based trials. Looking ahead, EXEED will partner with leading Saudi media outlets for a photo shoot at the Edge of the World, capturing the seamless harmony between the vehicle and the region’s breathtaking landscapes.

The brand will also host media test drives covering its full range of new energy models, alongside thrilling track sessions designed to showcase the vehicles’ dynamic performance. In addition, the highly anticipated RX model — alongside the AiMOGA robot powered by EXEED’s advanced technologies — will soon arrive in the Saudi market, continuing to expand the range of premium choices and distinctive services

LuLu Retail has announced its H1 2025 financial results, delivering a solid 9.1 percent year on year increase in net profit to $127 million. The revenues rose to $4.1 billion (up 5.9 percent YoY), and like-for-like sales increased by 3.8 percent, driven by robust performance across key categories.

In Q2, the company reported revenues of $2 billion, up 4.6 percent YoY with a strong sales growth. This performance was bolstered by continued growth in the private label and e-commerce categories.

LuLu’s private label grew 3.5 percent YoY, accounting for 29.7 percent of retail revenue, while e-commerce maintained its momentum with sales up 43.4 percent YoY to $108 million, representing 5.6 percent of retail revenue. The gross profit increased 6.5 percent YoY to $468 million. The EBITDA grew 7.6 percent YoY to $204 million.

LuLu Retail has declared an interim dividend of $98.4 million (3.5 fils per share), corresponding to a payout ratio of 78 percent of H1 2025 distributable profits — consistent with the IPO dividend policy.

Meanwhile, LuLu’s Happiness loyalty program added 1 million new members during the quarter, bringing the total membership to 7.3 million.

LuLu opened seven new stores in H1, in addition to four more in July, taking the total to 259. Its full-year target of 20 new stores remains on track.

“Our steady and resilient H1 2025 performance is a testament to our well-established growth pillars, enabling record sales and margin improvements. We expect our growth momentum to persist as we focus on expanding our store network, launching new outlets, enhancing operational efficiency, and unlocking further potential through private label and e-commerce offerings,” said Saifee Rupawala, CEO of Lulu Retail.

Regional performance
In the UAE, LuLu’s largest market, the Q2 revenue was up 9.4 percent YoY, driven by continued high demand for fresh food and supported by LuLu’s omni-channel strategy. In ��������, the revenue grew 3.8 percent YoY, aided by strong electronic goods sales and new store openings. Meanwhile, in Kuwait, the revenue grew by 4.9 percent YoY, showing a consistent positive performance.