AutoBeta(AutoBeta.net)11/15 Report--

After nearly a year of market trough to recovery, many car companies have both declined in sales this year, resulting in varying degrees of changes in market capitalization. Among them, Tesla still surpassed Toyota and Volkswagen with an absolute lead to become the world's largest automaker by market capitalization, including soaring market capitalization of many new energy brands.

The so-called market capitalization refers to the total stock value calculated according to the market price of the issued shares of a listed company, although it more reflects investors' expectations for the development of the company. With the current development of the new energy market will gradually tend to replace fuel models, the market value of new energy brands soars more rapidly than fuel models.

Tesla, the fastest-growing electric brand, has nearly doubled its market capitalization from $190.122 billion in June to $390.31 billion today. In June this year, Tesla surpassed Toyota Motor, the world's largest automobile group.

Toyota and Volkswagen, which ranked second and third, both showed significant market capitalization growth, thanks to a recovery in the global car market. Even as the two largest car companies in the global market, there is still a big gap with Tesla's market. As of Nov. 11, Tesla's market capitalization was $388.98 billion, about 2.99 times that of Toyota and 4.22 times that of Volkswagen, according to companiesmarketcap, a website that ranks the market capitalization of listed companies globally.

For the luxury brand BBA, Audi has become the most valuable car company. Mercedes-Benz and BMW are overtaken by domestic brands such as BYD and Xilai. It is not difficult to find that thanks to the rapid development of new energy vehicles, the market capitalization of car-making new power car companies has soared. Chinese stocks have performed even better since the beginning of this year, with share prices rising more than 11 times. Xiaopeng Motor and ideal Motor have also performed well, and their share prices have doubled.

According to statistics, among the top 30 well-known automakers in the world by market capitalization, there are 10 Chinese enterprises, and 2 enterprises are in the top 10.

As of November 13, BYD's market capitalization was about 72.4 billion US dollars, surpassing Daimler's 65.9 billion; Ultrai's market capitalization of 65.2 billion US dollars, surpassing GM and BMW; Great Wall Motor's market capitalization of 35.9 billion US dollars; Xiaopeng Motor's market capitalization of more than 30 billion US dollars; ideal, Geely and other car companies also had a market capitalization of more than 20 billion US dollars.

Although the performance of market capitalization does not fully reflect the real strength of a car company, from the perspective of market performance, under the influence of COVID-19 's epidemic, most multinational car companies are faced with challenges such as factory shutdowns, supply chain disruptions, and pressure on sales ends. all reflect that their market capitalization performance is not satisfactory in the capital market. As the market recovers, the auto market also rebounds.

On the whole, although the new power of car manufacturers is rising relatively fast, but from the perspective of sales and total revenue, the gap with traditional car companies such as Volkswagen Toyota is still very huge. As a result, Chen Hong, chairman of SAIC, once thought: "Tesla is not a car company in the traditional sense, but more like a technology enterprise." But it is undeniable that even if there are outsiders who say that Tesla and Lulai car companies have bubbles, new energy vehicles are the trend and are the driving force of the capital market.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat