Top 10 most valuable Chinese automotive brands in 2024

Top 1 in Chinese brands: BYD (World rank: 11)

BYD’s brand value increased by 20% YOY to US$12.1 billion. The brand also surpassed Tesla in electric vehicle (EV) sales in first half of 2023 and production in the fourth quarter of 2023.

Top 2 in Chinese brands: Great Wall Motor’s Haval (World rank: 30)

Under Great Wall Motor Company Limited, Haval offers crossovers and SUVs. Great Wall Motor Company Limited is also listed as Top 9 in Chinese brands.

Top 3 in Chinese brands: Geely (World rank: 36)

Geely’s revenues in first half of 2024 reaches RMB 107.3 billion, with 46.6% YOY increase. Sale of new energy vehicle (NEV) reaches 320,000 units, a 117% increase compared to the same period last year.

Geely’s focus on electrification is revealed as its share of EV sales within total sales expanded from 21.8% in 2023 to 33.5% in the first half of 2024.

Top 4 in Chinese brands: Changan Automobile (World rank: 44)

Changan Automobile achieved revenue amounted to RMB 242.45 billion in 2023, up 12.8% YoY. The new energy vehicle sector saw a remarkable rise in sales hitting 481,000 units, boasting a substantial YoY growth of 69.2%, while overseas sales reached a new high at 358,000.

The brand aims for sales between 3.5 and 4 million vehicles in 2025. This includes 2.8-3 million in domestic sales, 1.2 million in NEV sales, and 700,000 in overseas sales.

Top 5 in Chinese brands: NIO (World rank: 46)

In the second quarter of 2024, NIO’s total revenues were US$2.4 billion, an increase of 98.9% compared with the second quarter of 2023. The brand expects total revenues to be between US$2.6 billion and US$2.7 billion.

Top 6 in Chinese brands: Li Auto (World rank: 47)

Li Auto reached quarterly total revenues of US$4.4 billion (+10.6% compared to same period of 2023) and vehicle sales of US$4.2 billion (+8.4% compared to same period of 2023) in the second quarter of 2024.

Top 7 in Chinese brands: BYD Han (World rank: 51)

BYD Han is under BYD Auto. The brand specialized in battery electric and plug-in hybrid automobile.

Top 8 in Chinese brands: BYD Song (World rank: 54)

Under BYD Auto, BYD Song offers a series of compact crossover SUVs in petrol, plug-in hybrid and electric versions.

Top 9 in Chinese brands: Great Wall Motor (World rank: 56)

Great Wall Motor Company Limited has expanded its sales network over the world, exporting to more than 170 countries and regions. It also owns multiple global manufacturing sites and R&D centers.

The brand achieved a YOY increase of 31.6% for its monthly overseas sales in August 2024.

Top 10 in Chinese brands: FAW Jiefang (World rank: 62)

As a wholly owned subsidiary of FAW Group, FAW Jiefang’s sales of medium and heavy truck amounted to 136,948 units in January-July 2024, up 12.6% YOY.