2025 Fortune China 500 List: 18 Auto Companies Make the Cut

Recently, Fortune Chinese Network released the 2025 Fortune China 500 list, highlighting the annual strength of Chinese enterprises, with automotive companies remaining a significant focus. A total of 18 vehicle manufacturers made the list, including BYD (27th), SAIC Group (38th), Geely Holding Group (41st), FAW Group (43rd), BAIC Group (52nd), Chery Group (59th), GAC Group (66th), Dongfeng Group (73rd), Great Wall Motors (140th), Seres Group (169th), Li Auto (171st), Hong Kong Heavy Truck (209th), NIO (269th), JAC Motors (344th), Xpeng Motors (351st), JMC (367th), Yutong (375th), and Leap Motor (423rd). In the ranking, BYD, SAIC, and Geely occupy the top three spots in the 'Vehicles and Parts' sector, with BYD achieving remarkable revenue of $108 billion in 2024, overtaking SAIC to claim the top position. BYD has been aggressively expanding in the new energy vehicle sector, capturing significant market share domestically while also expanding internationally. Its electric buses are operating at scale in various countries across Europe, Southeast Asia, and more, while passenger cars are being produced locally in markets like Germany and Thailand. Notably, compared to 2024, six vehicle manufacturers in the top ten of the 2025 Fortune China 500 list have improved their rankings. BYD leads the charge by moving from 40th to 27th place, showcasing strong growth. Geely has also improved from 54th to 41st, bolstered by strategic acquisitions and technology integration, particularly with its Zeekr brand in the premium electric market, which saw sales exceeding 220,000 units, an 87% increase, making it the top-selling luxury electric brand in China. BAIC Group has climbed from 57th to 52nd, showing steady progress with significant sales growth in its self-owned passenger vehicle segment. Chery Group is recognized as a dark horse, achieving record highs in revenue, sales, exports, and new energy, jumping from 100th to 59th place. Great Wall Motors has also improved its rank from 158th to 154th, with new energy vehicle sales reaching 321,800 units, a 22.82% increase. The new forces in the automotive sector have made impressive strides, with Seres Group soaring from 404th to 169th place, a jump of 235 spots, thanks to deep collaboration with Huawei and significant sales growth. Other established new energy vehicle manufacturers, including Li Auto, NIO, and Xpeng, have also seen improvements in their rankings. Li Auto moved up 13 places to 171st, with a total delivery of 500,508 vehicles in 2024 and a revenue increase of 16.6% to $21.4 billion. NIO climbed 43 spots to 269th, achieving a revenue of $95.1 billion, up 18.2%. Xpeng Motors saw a remarkable jump of 101 places to 351st, completing the year with over 190,000 deliveries. Notably, Leap Motor made its debut on the list at 423rd, reporting a revenue of $46.4 billion, a 92% increase, and achieving profitability in the fourth quarter. As of the first half of 2025, Leap Motor has delivered over 220,000 vehicles, maintaining its lead among new forces.