You’ve in all probability heard of Li Auto and Xpeng Motors, the 2 Chinese language electrical automobile makers which not too long ago listed on the Nasdaq. Because the world’s largest vehicle market, China has quite a few automobile manufacturers, and we’re going to offer a short record of China’s Most worthy vehicle firms by market capitalization as of August 2020.
10 Most worthy automobile makers in China
- Based: 1995
- Traded as: SZSE: 002594/SEHK: 1211
- Market cap: 232.96 billion yuan (as of August 29, 2020)
Based in 1995, the Chinese language auto big BYD Firm is listed on the Hongkong and Shenzhen Inventory Exchanges, with income and market capitalization each surpassing 100 billion yuan. The corporate has two main subsidiaries, BYD Vehicle and BYD Digital. On July 10, 2020, BYD’s whole market capitalization reached 225.3 billion yuan, exceeding SAIC’s 221.2 billion yuan to change into China’s largest vehicle firm by market capitalization.
2. SAIC Motor
- Based: 1985
- Traded as: SSE: 600104
- Market cap: 221.28 billion yuan (as of August 29, 2020)
SAIC Motor is a Chinese language state-owned automotive firm primarily based in Shanghai, and can also be China’s first auto firm to go international. There are a number of widespread automobile manufacturers promoting below SAIC, such because the MG, Roewe, Baojun, Buick, Wuling, and so on. It additionally collaborates with giant worldwide carmakers like Basic Motors and Volkswagen. SAIC Motor was once China’s Most worthy auto firm, however this July it was surpassed by BYD. With a gross sales income of $122.0714 billion, SAIC Motor positioned 52nd on the 2020 Fortune International 500 record launched on Aug. 10.
- Based: 2014
- Traded as: NYSE: NIO
- Market cap: 1.6008 trillion yuan (as of August 29, 2020)
NIO, based by William Li in 2014, is a Chinese language electrical automobile startup headquartered in Shanghai, specialised in designing and growing sensible and interconnected electrical autos. On Sept. 12, 2018, NIO was listed on the New York Inventory Alternate (NYSE) below the ticker image “NIO”, which was China’s first EV startup to go public within the US. In line with NIO’s current report, it delivered 3,965 autos in August, representing a powerful 104.1% year-over-year development and reaching one other month-to-month supply report.
- Based: 1986
- Traded as: HKSE: 175
- Market cap: 136.81 billion Yuan (as of August 29, 2020)
Geely Auto is a number one vehicle model primarily based in Hangzhou, China. In 2010 it bought the Swedish model Volvo from Ford for $1.8 billion. Then in 2018, it acquired a near 10% stake in Daimler Motors. Now, Geely is price greater than 136 billion yuan and is among the many 500 largest firms in China.
5. Nice Wall Motor
- Based: 1984
- Traded as: SEHK: 2333
- Market cap: 125.4 billion Yuan (as of August 29, 2020)
Nice Wall Motor (GWM) is a well-known Chinese language auto model, named after the Nice Wall of China. It owns 4 manufacturers: HAVAL, WEY, ORA and GWM Pickup, and primarily produces pickups, SUVs, household automobiles and new vitality autos. It was listed on the Hong Kong Inventory Alternate in 2003 and the Shanghai Inventory Alternate in 2011. It ranked fifth among the many prime 10 Chinese language automobile firms by market capitalization by the tip of August 2020.
6. Xpeng Motors
- Based: 2014
- Traded as: NYSE: XPEV
- Market cap: 110.32 billion Yuan (as of August 29, 2020)
Headquartered in Guangzhou, Xpeng Motors is a number one Chinese language electrical automobile producer. On July 20, it introduced its Series C+ financing of $500 million from a bunch of traders together with 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 Funding Authority and Adu Dhabi’s sovereign wealth fund. Quickly after the 2 rounds of financing, Xpeng Motors kicked off buying and selling on the New York Inventory Alternate on the night of Aug. 27. With a closing worth of $21.22, its market capitalization summed $15 billion.
7. GAC Group
- Based: 1955
- Traded as: SSE: 601238
- Market cap: 107.19 billion Yuan (as of August 29, 2020)
Guangzhou Vehicle Group Co., Ltd. (GAC Group), headquartered in Guangzhou China, is the primary to be listed each within the A-Share and H-Share markets amongst all state-owned auto teams. At the moment, GAC is well-known for having joint ventures with lots of the world’s largest auto producers, together with Fiat, Honda, Isuzu, Mitsubishi, and Toyota.
8. Li Auto
- Based: 2015
- Traded as: SZSE: 000625
- Market cap: 101.04 billion Yuan (as of August 29, 2020)
Li Auto (previously often known as Main Ultimate) is a five-year-old Chinese language electrical automobile maker. On July 30, the quick rising EV firm went public on the Nasdaq International Market as “LI”. It’s the second Chinese language EV startup to be listed within the US, following NIO’s 2019 IPO. From January to August 2020, the supply quantity of Li ONE totaled 14,656 autos, based on Li Auto’s WeChat public account.
9. FAW Group
- Based: 1956
- Traded as: SZSE: 000800
- Market cap: 66.24 billion Yuan (as of August 29, 2020)
FAW Group Company (First Vehicle Works) is a Chinese language state-owned auto firm based in 1956. In 1958, FAW unveiled China’s first domestically produced passenger automobile, the Hong Qi, turning into China’s first vehicle producer. Along with Hong Qi, Bingo, Sitech and Haima are FAW’s hottest electrical automobile manufacturers.
10. Changan Vehicle
- Based: 1862
- Traded as: SZSE: 000625
- Market cap: 57.73 billion Yuan (as of August 29, 2020)
Changan Vehicle is a state-owned vehicle producer primarily based in Chongqing, China. As one of many prime promoting home Chinese language automobile manufacturers, Changan has boasted its industrial historical past stretching again 158 years because it was established in 1862. It’s an early chief in China’s auto business. Alongside Dongfeng Motor Company, FAW and SAIC Motor, Changan Vehicle is without doubt one of the “Big Four” Chinese language automakers.