The 14 most valuable auto companies in China at end of 2021
You’ve probably heard of NIO, Li Auto and Xpeng Motors, the three Chinese electric vehicle makers which listed on the Nasdaq . As the world’s largest automobile market, China has numerous car brands, and we’re going to provide a brief list of China’s most valuable automobile companies by market capitalization as of December 31st, 2021.
14 most valuable car makers in China
1. BYD
Founded: 1995
Traded as: SZSE: 002594/SEHK: 1211
Market cap: 780.536 billion yuan (as of December 31st, 2021)
Founded in 1995, the Chinese auto giant BYD Company is listed on the Hongkong and Shenzhen Stock Exchanges, with revenue and market capitalization both surpassing 100 billion yuan. The company has two major subsidiaries, BYD Automobile and BYD Electronic.
BYD Auto's top updates of 2021
2. Great Wall Motor
Founded: 1984
Traded as: SEHK: 2333
Market cap: 448.290 billion Yuan (as of December 31st, 2021)
Great Wall Motor (GWM) is a famous Chinese auto brand, named after the Great Wall of China. It owns four brands: HAVAL, WEY, ORA and GWM Pickup, and mainly produces pickups, SUVs, family cars and new energy vehicles. It was listed on the Hong Kong Stock Exchange in 2003 and the Shanghai Stock Exchange in 2011.
Great Wall Motors' top updates of 2021
3. NIO
Founded: 2014
Traded as: NYSE: NIO
Market cap: 321.2 billion yuan (as of December 31st, 2021)
NIO, founded by William Li in 2014, is a Chinese electric vehicle startup headquartered in Shanghai, specialized in designing and developing smart and interconnected electric vehicles. On Sept. 12, 2018, NIO was listed on the New York Stock Exchange (NYSE) under the ticker symbol “NIO”, which was China’s first EV startup to go public in the US.
NIO ET5 is a Tesla Model 3 rival with 620 miles of range
4. Xpeng Motors
Founded: 2014
Traded as: NYSE: XPEV
Market cap: 274.8 billion Yuan (as of December 31st, 2021)
Headquartered in Guangzhou, Xpeng Motors is a leading Chinese electric vehicle manufacturer. On July 20, 2020， it announced its Series C+ financing of $500 million from a group of investors including Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. In August 2020, Xpeng raised an additional $400 million ahead of its US IPO listing from Alibaba, Qatar Investment Authority and Adu Dhabi’s sovereign wealth fund.
China’s top 10 EV startups December & YTD 2021 Deliveries
5. SAIC Motor
Founded: 1985
Traded as: SSE: 600104
Market cap: 241 billion yuan (as of December 31st, 2021)
SAIC Motor is a Chinese state-owned automotive company based in Shanghai, and is also China’s first auto company to go global. There are a variety of popular car brands selling under SAIC, such as the IM, MG, Roewe, Baojun, Buick, Wuling, etc. It also collaborates with large international carmakers like General Motors and Volkswagen. SAIC Motor used to be China’s most valuable auto company.
SAIC Motor's top updates of 2021
6. Li Auto
Founded: 2015
Traded as: NYSE: LI
Market cap: 211 billion Yuan (as of December 31st, 2021)
Li Auto is a seven-year-old Chinese electric vehicle maker. On July 30, 2020, the fast growing EV company went public on the Nasdaq Global Market as “LI”. It is the second Chinese EV startup to be listed in the US, following NIO’s 2019 IPO.
Li Auto is mulling an overseas assembly, perhaps in Europe
7.Geely
Founded: 1986
Traded as: HKSE: 175
Market cap: 174 billion Yuan (as of December 31st, 2021)
Geely Auto is a leading automobile brand based in Hangzhou, China. In 2010 it purchased the Swedish brand Volvo from Ford for $1.8 billion. Then in 2018, it acquired a close to 10% stake in Daimler Motors.
Geely Auto's top updates of 2021
8. GAC Group
Founded: 1955
Traded as: SSE: 601238
Market cap: 157 billion Yuan (as of December 31st, 2021)
Guangzhou Automobile Group Co., Ltd. (GAC Group), headquartered in Guangzhou China, is the first to be listed both in the A-Share and H-Share markets among all state-owned auto groups. Currently, GAC is well-known for having joint ventures with many of the world’s largest auto manufacturers, including Honda, Mitsubishi, and Toyota.
9. Changan Automobile
Founded: 1862
Traded as: SZSE: 000625
Market cap: 115.9 billion Yuan (as of December 31st, 2021)
Changan Automobile is a state-owned automobile manufacturer based in Chongqing, China. As one of the top selling domestic Chinese car brands, Changan has boasted its industrial history since it was established in 1862. It is an early leader in China’s auto industry. Alongside Dongfeng Motor Corporation, FAW and SAIC Motor, BAIC, GAC, Changan Automobile is one of the “Big Six” Chinese automakers.
10. Sokon industrial group (Seres auto）
Chongqing Sokon Industrial Group Co., Ltd is a mixed-ownership manufacturer founded in 1986. Starting from a spring to a shock absorber, a motorcycle and a car. It is partnered with Huawei to promote transformation and upgrade from traditional vehicles to intelligent vehicles
Founded: 1986
Market cap: 80.98 billion Yuan (as of December 31st, 2021)
Seres unveils new premium brand AITO with Huawei
11. FAW Group
Founded: 1956
Traded as: SZSE: 000800
Market cap: 47.8 billion Yuan (as of December 31st, 2021)
FAW Group Corporation (First Automobile Works) is a Chinese state-owned auto company founded in 1956. In 1958, FAW unveiled China’s first domestically produced passenger car, the Hong Qi, becoming China’s first automobile manufacturer.
12. Dongfeng Group
Founded: 1969
Market cap: 45.6 billion Yuan (as of December 31st, 2021)
Founded in 1969 and based in Wuhan, the Dongfeng Motor Corporation (DFM) is one of China’s largest auto groups, DFM’s main business covers the full range of commercial vehicles, passenger vehicles, new-energy vehicles, engines, auto parts and components, and other auto-related business.Dongfeng launches its own high-end "VOYAH" brand in 2020 and continues to accelerate its transformation toward a smart mobility service provider.
Dongfeng Motor's top updates of 2021
13. BAIC BJEV
Founded: 2009
Market cap: 42.9 billion Yuan (as of December 31st, 2021)
BAIC BJEV is an electric vehicle business unit under Chinese car maker Beijing Automotive Group (BAIC Group).
14. JAC
Founded: 1964
Market cap: 38 billion Yuan (as of December 31st, 2021)
JAC Motors is a Chinese state-owned automobile company. The company is based in Hefei, Anhui Province, China. JAC established joint ventures with well-known enterprises, for instance, Volkswagen of Germany, Cummins Engine, and has built cooperative relations with more than 130 countries and regions in the world such as South America, Europe, Africa, Middle East, and Southeast Asia.
JAC Motors Surges on Teaming up With Nio on NEV Manufacturing
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