AutoBeta(AutoBeta.net)08/11 Report--

Fortune is the most influential magazine in the economic circle, and its global top 500 ranking list has always been the focus of economic circles. On August 10, Fortune officially released its annual Fortune 500 list, with a total of 24 car companies going to work, of which Chinese companies account for seven.

Compared with the previous two years, there has been a marked change in the wealth ranking this year. The global economy has been seriously affected by the epidemic. Chinese mainland & Johnson has made a historic leap. Chinese mainland (including Hong Kong) surpassed the United States with 124 companies for the first time. Together with enterprises from Taiwan, a total of 133 Chinese companies are on the list.

Focusing on the automotive sector, a total of 24 companies with automobile as the main business were shortlisted this year, an increase of 1 compared to 2019. On the whole, most of the car companies have seen a significant decline in the rankings this year, which shows that this year's epidemic has a greater impact on the automobile industry. The countries with the largest number of car companies on the list are Chinese companies, with a total of seven, Japan with six, Germany with three, the United States, South Korea and France with two each, and Sweden and India with one each.

According to the specific rankings, the top four did not change significantly, with the top four still occupied by the Building Group, Toyota, Daimler and Ford, while General Motors was overtaken by Honda in fifth place. Judging from the overall ranking, the multinational car companies that are still at the top of the list are still mainstream in the world.

On the other hand, Chinese auto companies ranked 52nd in the world by SAIC with a consolidated report of US $122.0714 billion in 2019, and have been on the top 100 list for seven consecutive years, ranking seventh among the global auto companies on the list. once again surpass the mainstream multinational car companies such as BMW, Nissan and Hyundai.

In addition, Zhejiang Geely holding Group ranked 243rd with operating income of US $47.885 billion. This is the ninth year in a row that Geely has been listed in the Fortune 500, and it is also the only Chinese private car company on the list.

In addition to Chinese car companies, as the automobile industry is also Japan's pillar industry, in addition to Toyota, there are Honda, Nissan, Subaru, Suzuki, Mazda, Subaru and other car companies into the world's top 500.

On the whole, the obvious change in the ranking of automobile companies is still due to the tremendous impact of the sudden COVID-19 epidemic on the world economy and the global automobile industry, coupled with the depression of the global automobile market, which generally reduces the revenue of automobile companies. Moody's had predicted that global car sales would fall by 20 per cent in 2020 and could take years to return to pre-epidemic levels. It means it's still a tough year for the auto industry.

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