In 2018, the world's "Fortune" 500 released which Chinese car companies to list


With the continuous development of the automobile industry, the automobile industry has become an important part of the real industrial manufacturing field, and has become more and more prominent in the development of the world economy. It has a tremendous effect and far-reaching influence on the development of the world economy and the progress of society. .

On July 19th, Fortune China magazine released the rankings of the 2018 Fortune 500 companies. In this list, the proportion of the automobile industry continues to rise. As a new force in the automotive industry, Chinese automobile manufacturers have been making efforts in recent years. The listed companies include SAIC, Dongfeng, FAW, BAIC, GAC and Geely. Six of the six companies (Changan Automobile under the China Ordnance Equipment Group Co., Ltd. are not counted among them), and the ranking of Chinese auto companies is even further than last year.

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First, last year's list and this year's rankings

2018 World Fortune 500 - China Cars Rankings 2018 Ranking 2017 Ranking Company Name Operating Income (Million USD) Profit (Million USD) Ranking Change 36 41 Shanghai Automotive Group Co., Ltd. 128,819.3 5,091.3 ↑5 65 68 Dongfeng Motor Corporation 93,293.8 1,400 ↑3 124 137 Beijing Automobile Group 69,591.3 1,554.5 ↑13 125 125 China FAW Group Corporation 69,524.4 2,855.8 - 202 238 Guangzhou Automobile Industry Group 50,322.7 989.2 ↑36 267 343 Zhejiang Geely Holding Group 41,171.9 1,820.3 ↑76

Tabulation: Netcom Internet Info Agency

Note: Changan Automobile is affiliated to China Ordnance Equipment Group Co., Ltd. (No. 242 in 2018), so it is not counted in the ranking of car companies.

Among the world's top 500 list, there are 34 global auto companies, and there are 7 listed companies in China (including Changan Automobile affiliated to China Ordnance Equipment Group Co., Ltd.). The United States only has General Motors and Ford. The seven Chinese car companies on the list have improved in different degrees compared with last year's rankings. Among them, Geely is the only private car company on the mainland. In the past year, the sales growth rate and the top 500 rankings have both ranked first in the domestic industry, and for the first time in the past year, they have exceeded the threshold of one million sales.

Second, the current development of the list of car companies

1. SAIC continues to be the leader of Chinese car companies

SAIC is still the leader of Chinese car companies. The 2017 consolidated statement ranked 36th in the world's top 500 with sales revenue of US$128.82 billion, ranking seventh in the global automotive industry.

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SAIC Group can be the leader of Chinese car companies for no reason, its three joint ventures are strong in the market; in addition, by strengthening its core technology research and development capabilities, constantly improving product layout, and deepening the integration of “four” and automobiles A series of initiatives, the two major independent brands of SAIC Group also emerged in the industry, the brand image has steadily improved, and the overall development pattern of joint venture and independent wings has emerged.

The response on the data is more direct. In the first half of this year, SAIC Group's cumulative sales reached 3.52 million units, an increase of 10.88% compared with the same period last year. As the sales force, SAIC Volkswagen, SAIC-GM and SAIC-GM-Wuling helped SAIC Group to support a strong sales base with a total sales volume of nearly 3 million units. The self-owned brand became the new engine for the Group to drive growth in the first half of the year. During the same period, it increased by 53.67%. Through innovation and transformation, SAIC Group has deeply explored the deep integration of Internet technology and automobile industry, accelerated the improvement of core competitiveness, and promoted the continuous strengthening of enterprises.

2, the 65th in the Dongfeng World Top 500

As the second largest automobile group in China, Dongfeng Group ranks 65th among the world's top 500 companies.

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Dongfeng Group has a very large and complex architecture, including Nissan, Honda, Renault, PSA, Infiniti and other joint ventures. Its own brands include Fengshen, scenery, popular, demeanor and Qichen. However, from the market performance in the first half of the year, the Group's cumulative sales volume was 1,150,100 units. In many joint ventures and independent brands, there were basically different sales declines, and Dongfeng Nissan and Kaichen's double-digit growth saved. The situation of Dongfeng Motor achieved a slight increase of 2.64% in the first half of the year.

With the acceleration of market-oriented reforms, the legacy of history has made state-owned enterprises falter. Dongfeng, FAW and many other state-owned car companies have begun to adjust assets to different levels and concentrate their superior resources. It can be seen that at the end of last year, the three old state-owned enterprises of FAW, Dongfeng and Changan formally signed a strategic cooperation, which will carry out all-round development in the fields of forward-looking common technological innovation, automobile full-value chain operation, joint venture out of the sea, and exploration of new business models. Cooperation and sharing of cooperation results; this year, the cooperation between the three parties is continuous, and successively signed the establishment of T3 logistics enterprises, and invested in the establishment of a mobile travel company and other cooperation intention agreement. We want to deepen cooperation in all aspects and enhance the core capabilities and international competitiveness of the three parties.

3. No. 124 in the top 500 of the BAIC World

In recent years, with the development trend of new energy, BAIC Group has made its ranking in the international auto industry continue to rise. It has been selected as one of the “Top 500 Enterprises of the World” for the sixth consecutive year, and has maintained its ranking increasing year after year. In the 2018 World Top 500, BAIC Group ranked 124th, an increase of 13 from last year.

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In the first half of this year, whether it was sales, operating income or profit growth, BAIC Group submitted a gratifying transcript, in which the vehicle sales reached 1.203 million units, an increase of 7.6%. At the same time, the efficiency index reached a new high, operating income increased by 9.5% year-on-year, and total profit increased by 17.0%.

Recently, BAIC Group is also actively promoting reforms, from traditional manufacturing to manufacturing service-oriented and innovative enterprises. On the one hand, through deepening cooperation with Mercedes-Benz and Hyundai, we will continue to build high-end products; and accelerate new energy strategies. Implementation, increase R&D investment, expansion and mastery of new technologies.

4. FAW is consistent with last year's ranking

As the "eldest son of the Republic", FAW Group ranked 125th among the world's top 500 in 2018, consistent with last year's ranking. In the first half of this year, China FAW sold a total of 1.712 million vehicles, an increase of 7.1% year-on-year. FAW-Volkswagen, the leader of the joint venture brand, continued to maintain its hot sales momentum. Under the upgrade of the brand strategy, the sales of the Hongqi brand also increased significantly, with a cumulative sales volume of 9,363 units.

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Since Xu Liuping took charge of China FAW last year, FAW has carried out a series of drastic reforms in personnel changes and institutional adjustments, and initiated strategic cooperation with many parties to actively promote the pace of state-owned reform. At present, China's auto market is ushered in a more open development environment, and the auto industry is also in an important period of change. FAW must give full play to global resource advantages, promote industrial transformation and upgrading, and realize the revitalization of old industrial bases.

5, the 240th in the Guangzhou 500, the world's top 500

In the past two years, GAC has developed rapidly, ranking 202nd in the world's Fortune 500 in 2018, up 36 places from last year.

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In the first half of this year, Guangzhou Automobile Group's cumulative production and sales of automobiles exceeded 1 million units, achieving steady growth. At the same time, the profitability of GAC Group is also rising year by year. In 2017, the total operating income was 71.575 billion yuan. The net profit attributable to owners of the parent company was 10.86 billion yuan, an increase of 71.53% over the same period of the previous year.

Good profitability provides financial support for GAC's R&D investment in new energy vehicles and autonomous driving, and new energy models and technologies independently developed will be introduced to joint venture vehicles. GAC Group will continue to enhance the competitiveness of its own brand products, including new energy products. It is estimated that by 2019-2020, two new designs, new platforms and pure electric vehicles with a cruising range of more than 500 kilometers will be launched every year.

For six consecutive years, it has become a Chinese state-owned independent enterprise in the Fortune Global 500. The overall strength of GAC Group has been continuously improved. Next, GAC Group has made innovative discussions and reflections on future mobile travel, intelligent manufacturing and cutting-edge technology. At the same time, it also proposed a new stage of development vision and mission. In 2027, the 30th anniversary of the company's establishment, Guangzhou Automobile Group strives to enter the top 100 global enterprises; in 2037, the 40th anniversary of the company's establishment, Guangzhou Automobile Group will become a globally competitive A world-class company.

6, Geely ranked the fastest jump

Geely is like a black horse killed in a private car company, and its development is fast. In the 2018 World Top 500, Geely ranked 267th, up 76 points from last year, becoming the fastest growing Chinese car company. In the first half of this year, sales volume surged by 44%, and total sales reached 767,000 units. Geely currently has a good development speed in both new brands, new energy sources and overseas markets.

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Its own high-end brand, Lectra, has been fully recognized by the market. The sales volume of the Lectra 01 has reached 52,264 units in 7 months. With the listing of the Lectra 02, it will become a new driving force for the sales of the Lectra brand in the first half of the year. In the field of new energy, Geely defines this year as the first year of the full era of new energy vehicles. Starting with Borui GE, all new products of Geely Automobile will be fully electrified in the future. At the same time, Geely Automobile also promised that more than 30 new energy and energy-saving models will be introduced to the market in the next three years. For overseas markets, Geely has already set its sights on Europe. Both the Geely brand and the Lectra brand have launched the corresponding “European strategy”.

In addition to its commitment to the automotive business, Geely Holdings has been committed to innovation and transformation. In 2017, Geely Holdings acquired the Malaysian Proton car and the British luxury sports car brand Lotus, and is fully responsible for operation management; the release of Geely's “iNTEC” technology brand indicates that Geely Automobile is becoming an innovative enterprise with technology as the driving force; On the road to globalization, with the establishment of the Lectra joint venture, Geely and Volvo have entered a new phase of coordinated development. In the same year, Geely Holdings also acquired the American Taili Flying Motor Company, officially launched an integrated exploration of land and air, acquired an 8.2% stake in the Swedish commercial vehicle company Volvo Group, became the largest shareholder, and obtained 15.6% of the voting rights. .

Third, the ranking of the world's car companies, China's car companies have great potential for development

2018 World Fortune 500 - Automotive Industry Rankings 2018 Rankings 2017 Ranking Company Name Operating Income (Millions of US Dollars) Profits (Millions of US Dollars) 6 5 Toyota Motor Corporation 265,172 22,510.1 7 6 Volkswagen 260,028.4 13,107.3 16 17 Daiml 185,235.4 11,863.9 21 18 General Motors Corporation 157,311 -3,864 22 21 Ford Motor Company 156,776 7,602 30 29 Honda Company 138,645.8 9,561.3 36 41 Shanghai Automotive Group Co., Ltd. 128,819.3 5,091.3 51 52 BMW Group 111,231.4 9,716.6 54 44 Nissan Motor 107,868.2 6,741.3 65 68 Dongfeng Motor Corporation 93,293.8 1,400 78 78 Hyundai Motor 85,259 3,567.6 108 140 Peugeot 73,505.7 2,174.4 124 137 Beijing Automobile Group 69,591.3 1,554.5 125 125 China FAW Group Corporation 69,524.4 2,855.8 134 157 Renault 66,246.5 5,764.6 202 238 Guangzhou Automobile Industry Group 50,322.7 989.2 219 209 Kia Motors 47,360.3 856.4 232 247 India Tata Motors 45,841.7 1,394.4 267 343 Zhejiang Geely Holding Group 41,171.9 1,820.3 286 301 Volvo Group 39,171.9 2,455.2 348 373 Suzuki Motor 33,911.7 1,947.1 37 8 363 Mazda Automobile Co., Ltd. 31,355.7 1,011.4 384 352 Subaru Company 30,734.7 1,988.9

Tabulation: Netcom Internet Info Agency


In recent years, the growth of Chinese auto companies in terms of scale and volume is still very significant. Behind the growing scale of Chinese auto companies, we should also clearly see the gaps and gaps between China's auto manufacturing industry and international advanced levels. The Chinese auto market has been the title of “Automobile Production and Sales First” for many years in the world, but the overall auto industry is showing the phenomenon of “big but not strong”.

From the list of the world's Fortune 500, the profitability of Chinese car companies is still low. The total profit of the six Chinese car companies on the list is 13.71 billion US dollars. Although the profit level has improved from last year, it is the highest from the operating profit. The Toyota gap is still evident. In addition, from the research and development investment of car companies, taking the data of R&D investment of some enterprises at home and abroad in 2017 as an example, the total investment in R&D investment of the top ten auto companies in China is less than one-third of that of the public, less than half of that of Toyota. The serious shortage of R&D investment is also a major obstacle to the Chinese auto industry. In the introduction and absorption of international advanced technology, Chinese car companies also need to be strengthened to consolidate the core technology support for the automotive industry.

Faced with the reconstruction of the automobile industry from the “new four” to the mobile travel mode, new energy and smart cars will become the biggest opportunity and opportunity for Chinese auto companies to catch up with multinational auto giants. The gap between Chinese auto companies and the international level will also change the status quo by expanding the trend of opening up and new energy development, and provide a new platform for China to build a car power.



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