AutoBeta(AutoBeta.net)08/02 Report--

On August 2, Fortune Chinese released the latest Fortune Global 500 list in 2021. As one of the most authoritative and concerned enterprises in the world, the Fortune 500 list has always been based on the operating income and profits of enterprises. According to statistics, the total operating income of the enterprises on the list in 2021 is about 31.7 trillion US dollars, and the total profit is 1.6 trillion US dollars.

Listed car companies play an important role in the automobile industry. Of the 33 carmakers and parts suppliers on the list this year, there are 23 vehicle manufacturers, nine parts suppliers and one car sales company, according to official figures.

As the leaders of the global automobile industry, Toyota, Volkswagen and Daimler are still in the top three. Among them, Toyota won the championship with a huge revenue of 256.72 billion US dollars, with a total profit of 21.18 billion US dollars more than Volkswagen and Daimler combined, Volkswagen 10.1 billion US dollars and Daimler 4.13 billion US dollars.

In the top 10 rankings, there are three Chinese car companies on the list, namely SAIC, FAW and Dongfeng Automobile Group, while only SAIC made the list in the same period last year. Among the three Chinese car companies, SAIC is ahead of China's FAW and Dongfeng Automobile Group, but its performance is not optimistic. SAIC's revenue was $107.56 billion, down 11.9% from a year earlier, and its profit was $2.961 billion, down 20.1% from a year earlier, according to the data. SAIC's lower-than-expected performance has a lot to do with the performance of SAIC Volkswagen and SAIC GM, the profit cow of SAIC, SAIC Volkswagen sales fell by 24.79% in 2020, while SAIC GM fell 8.29% to 1.6 million vehicles. In contrast, FAW Group, not only the joint venture plate (FAW-Volkswagen, FAW Toyota) performed well, the independent plate (FAW Red Flag, FAW Liberation) also performed brightly, and finally achieved double growth in revenue and profit.

In a sense, revenue is affected to a certain extent by the efficiency, quality, technology development capability and other factors of enterprises. If Chinese car companies want to become the pioneers of cars in the real world, they need to further increase investment in hard core technology, improve brand and product quality, and enhance revenue scale and profit level.

In addition to the above three Chinese car companies, including BAIC, GAC GROUP and Geely Holdings also appear on the list. Among them, BAIC achieved revenue of US $72.15 billion and a profit of US $339 million, mainly due to the profit support of BAIC-Benz. GAC GROUP achieved double growth in revenue and profit, with revenue of US $57.72 billion and profit of US $576 million. The joint venture sectors Guangzhou Auto Toyota and Guangzhou Automobile Honda) and independent sectors (GAC MOTOR and GAC Ean) performed well. Geely Holdings, as the number one domestic brand, owns many auto brands, such as Geely, Lecker, Volvo, Polestar, Proton, Lutes and so on. Geely Holdings has revenue of US $47.191 billion and a profit of US $1.352 billion.

Judging from the list, Japanese car companies have the largest number on the list, including Honda, Nissan, Suzuki, Mazda and Subaru in addition to Toyota, with Nissan having the largest profit and loss of-$4.232 billion. Frequent changes in senior management, significant layoffs and business restructuring affected Nissan's performance, which in turn affected the company's profits. Mazda also posted a loss of-299 million US dollars, down 367.6% from a year earlier. China, as Mazda's largest single market in the world, is not optimistic at home.

The biggest highlight of the list is that Tesla made it into the Fortune 500, becoming the first new car-building company to enter the list. According to the data, Tesla has a revenue of US $31.536 billion and a profit of US $721 million, occupying a high market share in the new energy vehicle market and the largest car company in the world by market capitalization.

Let's take a look at the spare parts field, which is mainly concentrated in the German and Japanese systems, such as Germany's Bosch Group, Continental Group, Zaifu, Japanese Denso companies, Ericsson, Bridgestone, and Sumitomo Electric, among which Bosch Group's revenue and profits have both declined, at $81.464 billion and $360 million, respectively.

From the ranking in the list, we can see that the decline in the global car market has had a greater negative impact on the performance of automobile companies. With the resurgence of the epidemic, the performance pressure on global car companies will be even heavier in 2021. Compared with foreign countries, China's advantage is to minimize the impact of the epidemic, Chinese car companies and multinational car companies can quickly layout products, which is a great benefit to the global auto market.

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