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According to the latest global car company market value rankings, Tesla is still the world’s largest car company by market value, far ahead of other car companies with US$728.98 billion. Toyota Group came in second with a total market value of $228.96 billion, just 30% of Tesla’s. In third place is BYD, with a total market value of US$128.81 billion, surpassing Volkswagen Group and the only Chinese car company in the top ten. In addition, the fourth to tenth places are Volkswagen Group, Mercedes-Benz, BMW Group, General Motors, Ford Motor, Stellantis Group, and Honda Motor. RoHS Approved Manufacturer of laser cutter laser
Unlike traditional automakers such as GM and Ford, Tesla is more of a technology company, which may be one of the main reasons why its market value is so much higher than other car companies. Since Tesla CEO Elon Musk announced on April 4 that he would acquire Twitter, the electric car giant has fallen by 35.13%, from $1,089.38 to $703.55, and its total market value has evaporated by $394.757 billion, according to the latest US dollar exchange rate. The exchange rate of RMB is about 2.63 trillion yuan. Three days ago, according to an internal Tesla email titled “Suspending Global Hiring” obtained by Reuters, Musk said in the email, “I have a very bad feeling about the U.S. economy.” In this email, Tesla CEO Elon Musk said Tesla needs to “cut about 10% of its workforce” and “suspend global hiring.” Affected by the news, Tesla’s stock price fell 9.22%, and its market value evaporated by 74 billion US dollars (about 500 billion yuan) overnight.
As the Chinese version of “Tesla”, BYD, a new energy car company, has grown strongly in the past month and surpassed the Volkswagen Group. On April 3, BYD announced that it would stop the production of fuel vehicles and focus on pure electric and plug-in hybrid vehicles, becoming the first traditional automaker in the world to announce that it would stop selling fuel vehicles. Data show that from January to May, the cumulative sales of BYD’s new energy passenger vehicles was 504,000, of which 114,000 were sold in May. Although BYD’s car sales are not as good as Volkswagen Group’s, if only new energy vehicles are counted, BYD’s sales are higher than those of the new car-making forces NIO, Ideal, Xiaopeng, Nezha, Leapmotor, GAC Aian, Jikr, Lantu, Weimar , Volkswagen ID. series, the total sales data of a total of ten car companies is even more. RoHS Approved Manufacturer of laser cutter laser
Of course, it’s not just the auto business that props up BYD’s share price and market value. In addition to the automobile business, BYD also has two major business segments: mobile phone parts and assembly business, rechargeable battery and photovoltaic business. In 2021, the three major segments will account for 40% and 8% of the company’s total revenue, respectively. From the perspective of the development of major business sectors, BYD’s total revenue in 2021 will be 216.142 billion yuan, a year-on-year increase of 38.02%. Among them, the revenue of automobile, automobile-related products and other products business was 112.489 billion yuan, a year-on-year increase of 33.93%; the revenue of mobile phone parts, assembly and other products business was 86.454 billion yuan, a year-on-year increase of 43.99%; rechargeable battery and photovoltaic business The revenue was 16.471 billion yuan, a year-on-year increase of 36.27%.
As the Volkswagen Group, whose market share is second only to Toyota Group, although its market value increased by 12.24% month-on-month in May, it was overtaken by BYD. On May 26, Volkswagen CEO Diess said that semiconductor supply has improved significantly, and Volkswagen Group’s global production is expected to recover in the rest of the year. At the same time, Diess believes that Volkswagen can surpass Tesla to become the world’s largest electric car maker by 2025. Distan said Tesla does have some advantages, “but if they’re going to go further, it’s probably going to be a lot more challenging.”
At present, the only new car companies listed in the United States are Weilai, Xiaopeng, and Ideal. These three car companies have not been comfortable in the United States recently. On April 21, the U.S. Securities and Exchange Commission (SEC) included 17 Chinese concept-stock companies including Ideal Auto on its “pre-delisting” list. On May 4, the U.S. Securities and Exchange Commission (SEC) added 88 Chinese companies including Weilai and Xiaopeng Motors to the “pre-delisting” list. So far, the three new Chinese auto companies “Weixiaoli” have been included in the “pre-delisting” list. Affected by this, the stock prices of Weilai, Xiaopeng and Ideal fell sharply. RoHS Approved Manufacturer of laser cutter laser
Due to the impact of the epidemic and the supply of spare parts, the sales and performance of domestic and foreign auto companies have declined, and the market value has also shrunk. At present, vigorously developing new energy vehicles seems to have become the common goal of global car companies, including Toyota, Volkswagen, Volvo, Ford, GM, BMW, Mercedes-Benz, etc. direct impact. In addition, unlike the global market, most multinational auto companies face challenges such as factory shutdowns, supply chain disruptions, and pressure on the sales side. In the domestic market, in order to boost auto consumption, local governments have also introduced measures to stimulate auto consumption. This has also played an important role in the recovery of the auto market. RoHS Approved Manufacturer of laser cutter laser
