Ten Chinese car companies and related enterprises have entered the 2026 Fortune Global 500 list, with eight of the listed whole vehicle manufacturing companies having an average sales revenue rate of about 1.5%, lower than the global average of 1.7%. Guangzhou Automobile Group and Geely Holding Group both have negative revenue rates.
On July 28, the 2026 Fortune Global 500 list was released, with BYD (ranked 91), SAIC Motor Corporation (ranked 125), Geely Holding Group (ranked 138), China FAW Group (ranked 183), Contemporary Amperex Technology (ranked 260), Guangzhou Automobile Group (ranked 299), Dongfeng Motor Group (ranked 3191), Chery Holding Group (ranked 383), BAIC Group (ranked 413), and Yihetang Group (ranked 483) being the ten Chinese automotive companies and related enterprises on the list. Among these ten enterprises, except for CATL and Yihetang Group, the remaining eight are all vehicle manufacturing companies.
According to First Financial, on average, these ten enterprises have an average revenue rate of 3.1%, exceeding the global industry average of 1.7%. However, excluding CATL (revenue rate of 17.0%) and Yihetang Group (revenue rate of 3.2%), the average sales revenue rate of the other eight Chinese whole vehicle manufacturing enterprises is around 1.5%, lower than the global average of 1.7%.
CATL’s sales revenue rate of 17.0% is over 11 times the average of the eight whole vehicle enterprises, demonstrating that battery manufacturers providing batteries for cars are significantly more profitable than downstream whole vehicle manufacturing enterprises.
Moreover, Guangzhou Automobile Group and Geely Holding Group have negative revenue rates; BAIC Group has a revenue rate of zero; Dongfeng Motor Group, SAIC Motor Corporation, and China FAW Group are all below 2%; BYD stands at 4.1%, and Chery Holding Group is at 6.3%.
Compared to last year, China FAW Group, Guangzhou Automobile Group, Dongfeng Motor Group, BAIC Group, and Yihetang Group have all seen a decrease in their rankings on the Fortune Global 500 list.
Globally, the highest-ranking automotive company on the list is Volkswagen from Germany, ranking 13th overall, marking the fourth consecutive year as the largest automotive company on the Fortune Global 500 list. Toyota from Japan ranks 14th. Additionally, Ford and General Motors from the United States, Stellantis Group from the Netherlands, BMW Group and Mercedes-Benz Group from Germany, Honda from Japan, and Hyundai from South Korea are all listed and make the top 100.
Public information shows that the Fortune Global 500 is an authoritative business list released annually by the renowned American financial magazine Fortune. It is one of the most influential and well-known enterprise rankings in the global business world and is often referred to as the “barometer of the global economy” and the “pinnacle of enterprise scale”.
The Fortune Global 500 compares companies from all countries globally, using the total operating income (or sales) of companies in the latest fiscal year as the sole ranking criterion, rather than profits or market value (meaning it measures the “business size and market volume” of enterprises), thereby selecting the top 500 multinational giants based on annual operating income.