Last updated on September 7th, 2022 at 01:26 pm
Do you want to Know about the List of Top 10 Biggest Chinese Car Companies based on the turnover [sales]. Chinese electric car company are striving to get ahead of the industry’s development trends, accelerate innovation and transformation, and grow from a traditional manufacturing enterprise into a comprehensive provider of auto products and mobility services.
List of Top 10 Biggest Chinese Car Companies
So here is the List of Top 10 Biggest Chinese Car Companies. SAIC motor is the largest Chinese electric car company.
1. SAIC Motor
Largest Chinese car companies, SAIC Motor is the largest auto company listed on China’s A-share market (Stock Code: 600104). SAIC Motor’s business covers the research, production and sales of both passenger and commercial vehicles.
It is actively promoting the commercialization of new energy vehicles and connected cars, and exploring the research and industrialization of intelligent technologies such as smart driving.
- Revenue: CNY 757 Billion
- Market share in China: 23 %
- Annual sales: 6.238 million vehicles
SAIC Motor is also engaged in the R&D, production and sales of auto parts, auto-related services and international trade, big data and artificial intelligence. SAIC Motor’s subordinate companies include SAIC Passenger Vehicle Branch, SAIC Maxus, SAIC Volkswagen, SAIC General Motors, SAIC-GM-Wuling, NAVECO, SAIC-IVECO Hongyan and Sunwin.
In 2019, SAIC Motor achieved sales of 6.238 million vehicles, accounting for 22.7 percent of the Chinese market, keeping itself a leader in the Chinese auto market. It sold 185,000 new energy vehicles, a year-on-year increase of 30.4 percent, and continued to maintain relatively rapid growth.
It sold 350,000 vehicles in exports and overseas sales, a year-on-year increase of 26.5 percent, ranking first among domestic automobile groups. With a consolidated sales revenue of $122.0714 billion, SAIC Motor took the 52nd place on the 2020 Fortune Global 500 list, ranking 7th among all auto makers on the list. It has been included in the top 100 list for seven consecutive years.
Looking to the future, SAIC Motor will keep pace with technological progress, market evolution, and industry changes while accelerating its innovative development strategy in the fields of electricity, intelligent networking, sharing, and internationalization.
It will not only strive to improve performance but also build an innovation chain to upgrade its business so as to come out on top in the restructuring global automotive industry and make strides towards becoming a world-class auto company with international competitiveness and strong brand influence.
2. BYD Automobiles
BYD is a high-tech company devoted to technological innovations for a better life. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalization each exceeding RMB 100 billion. BYD Automobiles is 2nd largest Chinese electric car company
As a leading new energy vehicle (NEV) manufacturer, BYD has created a broad range of internal combustion (IC), hybrid and battery-electric passenger vehicles.
BYD’s NEVs have ranked No.1 in global sales for three consecutive years (since 2015). Developing electric vehicles that are intelligent and connected, BYD is inaugurating a new age of automotive innovation.
- Revenue: CNY 139 Billion
BYD was founded in February 1995, and after more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions.
3. China FAW Car (FAW)
China FAW Group Corporation (short for FAW), formerly China First Automobile Works, can trace its roots back to Jul 15, 1953, when its first assembly plant started to be constructed.
FAW is one of China’s oldest and largest automotive manufacturers, with registered capital of RMB 35.4 billion yuan and total assets of RMB 457.83 billion yuan.
FAW is headquartered in China’s northern city of Changchun, Jilin province, and manufacturing plants are located in northeastern China’s Jilin, Liaoning and Heilongjiang provinces, eastern China’s Shandong province and Tianjin municipality, southern China’s Guangxi Zhuang autonomous region and Hainan province, and southwestern China’s Sichuan province and Yunnan province.
- Revenue: CNY 108 Billion
- Annual sales: 3.464 million vehicles
The Group comprises Hongqi, Bestune and Jiefang brands, and its core business also covers joint ventures and external cooperation, emerging businesses, overseas businesses and industrial ecosystem.
FAW headquarters is directly responsible for the operation and development of Hongqi premium brand, while carrying out strategical or financial management on other businesses, so as to establish a new market-centered and customer-oriented operation and management system.
FAW has established a global R&D layout and organized a global R&D team with more than 5,000 top technologists. The R&D system is seen in ten regions of four countries in the world, focusing on innovations and breakthroughs in pioneering design, new energy vehicles, artificial intelligence, 5G application, new materials and process, and intelligent manufacturing.
Honqi and Jiefang have always maintained the top positions in brand values in China’s passenger car and commercial truck markets respectively. Hongqi L series limousine has been chosen as official car for China’s major celebrations and events, highlighting the charm of oriental luxury sedan.
Hongqi H series car has seen rapid growth in its targeted market. The market share of Jiefang medium & heavy-duty trucks has also taken the lead position in Chinese commercial truck market. FAW’s new energy vehicle has been put into mass production. Hongqi launched its first BEV model E-HS3 in 2019.
4. Changan Automobile
Changan Automobile is an enterprise of China’s four major automobile groups. It has 159 years of history and 37 years of accumulation in car manufacturing. It has 14 production bases and 33 vehicle, engine and transmission plants in the world. In 2014, the cumulative production and sales of Changan’s Chinese brand cars exceeded 10 million.
In 2016, the annual sales of Changan Automobile exceeded 3 million. As of August 2020, the cumulative number of users of Changan’s Chinese brands exceeded 19 million, leading Chinese brand cars. Changan Automobile has always built world-class R&D strength, ranking first in China’s automobile industry for 5 consecutive years.
The company has more than 10,000 engineers and technicians from 24 countries around the world, including nearly 600 senior experts, ranking the forefront of China’s automotive industry;
The company manufacturing is located in Chongqing, Beijing, Hebei, Hefei, Turin, Italy, Yokohama, Japan, Birmingham, United Kingdom, and Detroit, United States It has established a global collaborative research and development pattern with “six countries and nine places” with different emphasis with Munich, Germany.
- Revenue: CNY 97 Billion
The Company also has a professional automotive research and development process system and a test verification system to ensure that each product can satisfy users for 10 years or 260,000 kilometers.
In 2018, Changan Automobile launched the “Third Entrepreneurship-Innovation and Entrepreneurship Plan” to expand the aftermarket and related value chains on the basis of traditional manufacturing, cultivate the three new drivers of intelligence, mobility, and technology, and build it into an intelligent mobility technology company , Striding forward to a world-class automobile company.
Changan Automobile has launched a series of hot-selling products such as the CS series, Yidong series, UNI-T, and Ruicheng CC. It adheres to the concept of “energy saving, environmental protection, scientific and technological intelligence”, and vigorously develops intelligent new energy vehicles.
In the field of intelligence, the “Beidou Tianshu Project” was released, and the intelligent voice secretary “Xiaoan” was created to provide users with a safe, happy, caring, and worry-free “four-heart” automobile platform. “Smart Experience, Smart Alliance, and Thousands of People, Hundreds of Billions” actions have helped Changan Automobile to transform from a traditional automobile manufacturing company to an intelligent mobility technology company.
In the field of new energy, the “Shangri-La Plan” was released, and four strategic actions were formulated: “One Hundred Billion Action, Ten Thousands of People Research and Development, Partnership Program, and Ultimate Experience”. By 2025, the sale of traditional fuel vehicles will be fully suspended and a full spectrum of products Electrification.
Changan Automobile is actively seeking joint ventures and cooperation, establishing joint ventures such as Changan Ford, Changan Mazda, Jiangling Holdings, etc., and importing Chinese brand products to foreign-funded enterprises to establish a new model of joint venture cooperation with Chinese car companies.
Changan Automobile takes “leading the automobile civilization to benefit human life” as its mission, strives to provide customers with high-quality products and services, creates a good environment and development space for employees, assumes more responsibilities for the society, and strives to “build a world-class automobile enterprise” Of the grand vision.
So finally these are the List of Top Largest Chinese car companies based on the turnover and Market share in China.