China is facing important opportunities for the transformation of new energy and intelligent networking, and the market value of China's major car companies is also constantly rearranged, driven by market demand and support. At the 2023 China Automobile Dealers Industry Conference, the deputy secretary-general of the China Automobile Dealers Association is still confident that the automobile market will achieve a growth of 3% in the second half of the year. In this article, we will focus on the market capitalization rankings of China's major automakers, and what has changed and why.
1. FAW Jiefang (market value 38.2 billion, ranked 12th).
FAW Jiefang, China's leading heavy-duty, medium-duty and light truck and bus manufacturer, achieved vehicle sales of 170,000 units last year. In the first five months of this year, FAW Jiefang maintained 25 in the domestic commercial vehicle industry7% terminal share, ranking first in the industry.
2. Leapmotor (market value 43.9 billion, ranked 11th).
Leapmotor is an enterprise focusing on the design, R&D and manufacturing of intelligent electric vehicles, intelligent driving, motor and electronic control, and battery system development. According to the company's plan, the sales target for Leapmotor this year is 200,000 units.
3. Cialis (market value 60.8 billion, ranked 10th).
Celis is an emerging smart electric vehicle brand, and its Seres5 was a huge success at the first user delivery ceremony in Europe. Celis plans to launch SERES5 in Europe, the Middle East, Africa and other places to help the international development of its own brands.
4. Xiaopeng Motors (market value 63.9 billion, ranked 9th).
Xpeng Motors' coupe SUV, the Xpeng G6, was unveiled at this year's Shanghai Auto Show and attracted much attention. As a new species of intelligent driving, the design of Xpeng G6 integrates technology and forward-looking, and has been widely recognized by consumers.
5. Geely Automobile (market value 87.1 billion, ranked 8th).
Geely Automobile's cumulative total sales last year were about 1.43 million units, and sales reached one million units for six consecutive years. This year, Geely Automobile Group has set a sales target of 1.65 million units, accelerating the transformation to electrification, intelligence, and globalization.
6. Weilai (market capitalization 106.1 billion, ranked 7th).
This year, NIO launched a new generation of intelligent electric all-round SUV-ES6, which adopts NIO's second-generation design language, with a wider body and a longer wheelbase. NIO has strengthened its market position through continuous innovation.
7. Guangzhou Automobile Group (market value 109.5 billion, ranked 6th).
GAC Group's total production reached 247 last year990,000 units, a year-on-year increase of 160%。Among them, the total production and sales of GAC Trumpchi and GAC Aion have exceeded 630,000 units, creating the best performance in the history of GAC's independent brand development.
8. Changan Automobile (market value of 127 billion, ranked 5th).
Changan Automobile is a well-known car brand in China, with its own brands such as Changan, Deep Blue, AVATR and Kaicheng, as well as joint venture brands such as Changan Ford, Changan Mazda and Jiangling Motors. Changan Automobile continues to increase its market share through a multi-brand layout.
9. SAIC Motor (market value 164.5 billion, ranked 4th).
SAIC is developing into a comprehensive provider of mobility services and products for consumers. Last year, SAIC achieved vehicle sales of 53030,000 units, of which the sales of new energy vehicles reached 10730,000 units, a year-on-year increase of 465%。
、.Great Wall Motor (market capitalization 213.1 billion, ranked 3rd).
Great Wall Motor's pickup trucks have been ranked first in domestic and export sales for 25 consecutive years, and the company has been committed to R&D and innovation, with R&D investment increasing by 34% year-on-year last year34%。Great Wall Motors has maintained its competitiveness in the market by making continuous progress.
、.Li Auto (market capitalization 242 billion, ranked 2nd).
In May this year, Li Auto delivered about 280,000 units, an increase of 146% y/y. While the delivery volume exceeded 20,000 units for three consecutive months, the delivery volume of the Ideal L7 model exceeded 10,000 units within two months, achieving remarkable results.
、.BYD (market capitalization 757 billion, ranked 1st).
BYD plans to enter the European market in 2023 with the Dolphin and Seal models, and continues to enrich its new energy model lineup to meet the needs of global consumers. BYD has won the favor of consumers with its technological leadership and innovation capabilities, and its sales have exceeded one million units in five months this year.
Through the analysis of the market value rearrangement of China's major auto companies, we can see that China's auto market is in a period of rapid development and transformation. The trend of new energy and intelligence is driving changes in the market value of car companies, and some emerging brands and technologically advanced car companies are gradually rising and gaining a certain share in the market.
At the same time, the various car companies mentioned in this article also have their own characteristics and competitive advantages in different fields. For example, FAW Jiefang occupies an important position in the heavy-duty, medium-neutral and light truck market, while Leapmotor has unique advantages in intelligent driving and electric vehicle technology. These car companies have contributed to the development of China's auto industry through continuous innovation and market expansion.
Although the ranking of China's major automakers in terms of market capitalization has changed, BYD still holds the top spot. This is due to BYD's technological innovation and product advantages, as well as its strategic layout in the global market. BYD has achieved great success in the field of new energy, and has won market recognition by continuously introducing new technologies and optimizing product structure to meet the diverse needs of consumers.
As China's automotive market continues to mature and progress, we believe that the automotive industry will usher in a brighter future. Whether it is an emerging brand or a traditional car company, only by constantly innovating and improving product quality can it adapt to changes in market demand and achieve greater success. At the same time, the policy support and consumer recognition are also an important driving force to promote the development of China's automobile industry.
In the future, China's auto market will continue to lead the wave of global automotive technology progress, providing consumers with a more intelligent, environmentally friendly and comfortable way to travel. We expect China's major automakers to make greater breakthroughs in new energy and intelligent transformation and occupy a place in the competition of the global automotive industry. At the same time, we also expect Chinese automakers to continue to develop and innovate to provide consumers with more high-quality automotive products and services.