With annual revenue of nearly 700 billion, the low-key domestic auto “giant” has a profit 10 times that of BYD!

At present, the development of the domestic automobile market is very good. Many domestic automobile manufacturers have the hard power to compete with joint venture automobile manufacturers, and some domestic models have even become benchmark models. Such results are quite satisfactory. In fact, looking at it now, the automobile industry is already a sunrise industry, and the future development trend is new energy vehicles. The strength of car-making can reflect the overall level of a country’s manufacturing industry. Geely, Great Wall, Changan and other domestic automakers have shown a very comprehensive comprehensive strength. Of course, there is still a certain gap with some overseas automakers, but this gap is narrowing.

Toyota and Honda from Japan, Volkswagen, BMW and other automakers from Germany are currently world-class automakers. Of course, the wealth-making ability of these car companies is quite good. It is now the second quarter of 2021. Naturally, the relevant performance report for 2020 has been successfully released. It can be seen that the future development trend is still new energy vehicles. The data is real, and in the 2021 global rich list, Musk’s worth has successfully reached the top of the world’s richest man, and also the richest man with the largest increase in global wealth last year. Of course, the biggest contribution is Tesla Motors. Of course, the comprehensive strength of some domestic new energy automobile manufacturers is also very good, such as Weilai Automobile and Xiaopeng Automobile. Moreover, in the global market value rankings of auto companies, China’s auto companies can be said to have won a big victory, occupying 9 seats in the top 20. In addition to the two automakers mentioned above, BYD, Great Auto, Geely, SAIC Group, GAC Group and Ideal Automobile are all on the list. There are new energy car manufacturers and some traditional car manufacturers. Of course, because the future development trend of the automobile market is new energy vehicles, the market value of Weilai, Xiaopeng, Ideal Auto, etc. are also rising all the way, of course, it is inseparable from capital support. Especially NIO, whose market value has reached more than 80 billion U.S. dollars, this result is quite outstanding. However, the current domestic new energy vehicle industry giant is BYD Auto. The current market value is as high as 484.7 billion yuan, ranking first in the industry. Of course, BYD has also received investment from Buffett, which shows that BYD Auto is very successful. In 2020, BYD Auto’s revenue reached 156.6 billion yuan, and its net profit increased by 4.23 billion yuan. This result is already excellent enough. After all, it experienced a relatively difficult period of time last year. However, the most profitable domestic car company is not BYD Auto. It is China FAW Group. In 2020, its revenue will reach 700 billion yuan, and its net profit will be as high as 46.7 billion yuan, which is equivalent to 10 times that of BYD Auto. In other words, FAW Group can earn 127 million yuan every day. Among them, the revenue of FAW Jiefang heavy trucks is relatively high, reaching 113.7 billion yuan, and the profit is as high as 3.5 billion yuan. It can be said that the performance is very important. Moreover, the sales volume of FAW Jiefang heavy trucks has ranked first in the country for five consecutive years. Of course, FAW Group’s profits are due to joint ventures, and FAW Audi has contributed the most. Of course, domestic companies still need to improve their competitiveness. At present, many domestic companies have shown strong competitiveness, and it is hoped that these car companies can create better results.