Showing 10 out of 15 companies.
SAIC Motor Corp Ltd, China FAW Group Co Ltd, BAIC Motor Corporation Ltd, BYD Co Ltd, and Dongfeng Motor Group Co Ltd are the largest 5 automotive OEMs in China in 2021 by revenue. Collectively, the largest 10 automotive OEMs generated revenue of $269,726 million, with average revenue growth of 26.5%, where the highest revenue was generated by SAIC Motor Corp Ltd ($120,908 million), while the lowest revenue was generated by Nio Inc ($5,603 million). The highest revenue growth was registered by Nio Inc (122.2%), followed by BYD Co Ltd (37.7%), and the lowest revenue growth was registered by Dongfeng Motor Group Co Ltd (4.2%). While 3 OEM’s revenues declined in 2021. They employed a total of 1,013,288 people in 2021. The China-based SAIC Motor Corp Ltd is the leading automotive OEM in China (by revenue). The company reported revenues of $120,908 million for the fiscal year ended June 2021 (FY2021), an increase of 5.1% over FY2020 was driven by offering new products, expanding its sales network, and optimizing its production and sales structure. The company is a manufacturer of passenger cars and commercial vehicles. It provides a range of components such as engines, gearboxes, powertrains, chassis, interior, exterior, and other miscellaneous electronic components. It also focuses on automobile-related finance and insurance and investment businesses. It carries out overseas operations and international commerce and trade business. The company employs 207,246 people. China FAW Group Co Ltd is one of the leading companies in automotive OEM in China (by revenue). The company reported revenues of $10,227.19 million for the fiscal year ended June 2021 (FY2021). The company primarily operates its business in China. It also operates its business through its manufacturing plants located at northeastern China's Jilin, Liaoning and Heilongjiang provinces, eastern China's Shandong province and Tianjin municipality regions. It employs 120,000 people.
China
Automotive
Parent
107,554
China
Automotive
Parent
101,073
China
Automotive
Subsidiary (of Beijing Automotive Group Co Ltd)
27,274
China
Automotive
Parent
22,242
China
Automotive
Subsidiary (of Dongfeng Motor Corp)
15,647
China
Automotive
Subsidiary (of Baoding Innovation Great Wall Asset Management Company Limited)
14,972
China
Automotive
Subsidiary (of China Changan Automobile Group Co Ltd)
12,256
China
Automotive
Subsidiary (of Guangzhou Automobile Industry Group Company, Ltd.)
9,153
China
Automotive
Parent
5,603
Showing 10 out of the top 15 companies.
Automotive
Covers major automotive OEMs and suppliers across geographies.
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As a seasoned expert in the automotive industry, I bring a wealth of knowledge and hands-on experience to the table. Having closely followed the developments in the automotive sector, I can provide valuable insights and analysis on the top players in the Chinese automotive original equipment manufacturer (OEM) market, as highlighted in the article.
The article discusses the top 5 automotive OEMs in China in 2021, ranked by revenue. These companies are SAIC Motor Corp Ltd, China FAW Group Co Ltd, BAIC Motor Corporation Ltd, BYD Co Ltd, and Dongfeng Motor Group Co Ltd. The key findings reveal that SAIC Motor Corp Ltd led in revenue generation, with $120,908 million, showcasing a 5.1% increase over the fiscal year ended June 2020.
SAIC Motor Corp Ltd is not only the largest in revenue but is also identified as the leading automotive OEM in China. This distinction is attributed to the company's strategic initiatives, including the introduction of new products, expansion of sales networks, and optimization of production and sales structures. SAIC Motor Corp Ltd operates both domestically and internationally, offering a diverse range of vehicles, components, and automotive-related financial services.
China FAW Group Co Ltd, another major player, reported revenues of $10,227.19 million for the fiscal year ended June 2021. The company primarily operates in China and employs 120,000 people. Similarly, BAIC Motor Corporation Ltd, BYD Co Ltd, and Dongfeng Motor Group Co Ltd contribute significantly to the Chinese automotive OEM landscape.
The data presented in the article also highlights key financial metrics such as annual revenues for each company, parent/subsidiary relationships, and employee counts. For instance, Nio Inc registered the highest revenue growth at 122.2%, while Dongfeng Motor Group Co Ltd had the lowest growth at 4.2%. Notably, three OEMs experienced a decline in revenues in 2021.
In summary, the Chinese automotive OEM market is dynamic and competitive, with SAIC Motor Corp Ltd emerging as the leader. The industry's overall robust performance is reflected in the collective revenue of $269,726 million generated by the top 10 automotive OEMs, with an average growth rate of 26.5%. This comprehensive overview provides a deep understanding of the key players, their financial standings, and the trends shaping the Chinese automotive OEM sector in 2021.
