Top 5 best Chinese Car Companies - YouTube

Today we are talking about the top 5 biggest Chinese car companies.

Globally, China is the largest automotive market, both in terms of demand and supply.

In 2017, China produced almost 25 million passenger cars and around four million commercial

vehicles.

China is expected to also drive demand in the automotive market, with close to 35 million

expected vehicle sales in 2020.

That is a lot of vehicles, so let’s talk about the biggest car companies in China.

Starting off our list is the FAW Group.

On July 13, 1956, under the guidance of the China's Central Government and with assistance

from the former Soviet Union, construction of China's first automotive production base

was completed.

Known at that time as First Automotive Works (FAW) and now as First Automotive Group Corporation,

this sprawling car and truck manufacturer headquartered in Changchun, China, firmly

launched the country into the automotive age.

After fifty years of development and refinement, tremendous changes have taken place within

FAW.

In stark contrast to the early days of producing a single model of medium truck, FAW now produces

hundreds of models of light, medium, and heavy trucks for every vocation.

In the late 1950's, FAW quickly responded to market demand and commenced automotive

and bus production, soon making itself the leading producer of buses and luxury tourist

coaches in China.

After surpassing the one-million-unit annual sales figure in 2005, FAW Group Corporation

has set exciting new goals as the company makes use of the latest information technologies

to keep their people and customers connected worldwide, thus ensuring an important competitive

edge in the marketplace.

This company has been a major player for many years!

Moving on to number 4 on our list.

Dongfeng Motor Corporation (its predecessor, the Second Automotive Works) was established

in 1969 and it is one of the largest state-owned enterprises in China.

Its headquarter is now located in Wuhan, with its major production facilities distributed

in Shiyan, Xiangyang, Wuhan and Guangzhou.

Dongfeng Motor has a wide business scope; they are engaged in the manufacturing, sales

and R&D of commercial vehicles, passenger vehicles, auto parts and components, vehicle

manufacturing equipment and other auto related businesses.

In 2011, Dongfeng’s own vehicle brand sales passed the one-million-unit threshold representing

a growth rate 10 points higher than the industry average.

In 2012, Dongfeng’s own vehicle brands achieved an aggregate sale of 1,121,000 units ranking

among the top three that year.

Speeding on to number 3 on our list is the Great Wall Motor Company Limited.

As China’s largest SUV and pickup manufacturer, Great Wall Motors owns two brands--Haval and

Great Wall which cover three categories: SUV, passenger cars, and pickups.

With over 30 holding subsidiaries, more than 60,000 employees, and four vehicle manufacturing

bases, Great Wall is one of the largest automotive companies in China.

Great Wall started selling in Europe in 2006, offering small vans and SUVs.

Great Wall products were first available in the Australian market in 2009.

European sales continued with the 2011 opening of a factory in Bulgaria that assembles three

different models from knock-down kits.

And in 2016, Great Wall set a historic sales record of 1,074,471 cars worldwide, an increase

of 26% compared to 2015.

In 2018, it plans to sell even more vehicles making it one of the top Chinese car companies.

Our next company is relatively new to the market, but that hasn’t stopped them from

accelerating to number 2 on our list.

Geely Auto Group is a leading automobile manufacturer based in Hangzhou, China and was founded in

1997 as a subsidiary of Zhejiang Geely Holding Group.

The company employs more than 50,000 people, operates 12 vehicle manufacturing plants,

9 powertrain plants, 6 knockdown kit plants, and manufactures vehicles under the Geely

Auto brand.

Geely vehicles are sold through a network of over 850 dealerships in China and some

350 sales and service outlets in overseas markets.

The company, listed on the Hong Kong stock exchange, saw its sales volume increase to

765,000 units in 2016.

In 2017, Geely Auto Group sold over 1,247,000 units, a major increase from 2016.

The success has prompted Geely to set its 2018 sales target to 1.58 million units.

Finally, on our list is a company that has dominated the Chinese car industry for many

years.

SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China's A-share

market.

SAIC Motor's business covers research, production and sales of both passenger cars and commercial

vehicles.

The company is actively promoting new energy vehicles, the commercialization of Internet-connected

cars, and it is exploring intelligent driving technology.

SAIC Motor's car sales hit 6.93 million units in 2017, up 6.8 percent on the previous year

and allowing it to keep its leading market share in China.

In 2016, the company climbed 5 places to rank 41st on the annual Fortune Global 500 list,

thanks to its $113.86 billion in revenues.

It marked the 13th time that the company had made it onto the list of Fortune magazine's

Global 500.

This company is sitting at the top and they continue to produce quality vehicles for both

the domestic and overseas markets.

So, there you have it, the top Chinese car companies.

What do you think of Chinese cars?

Would you buy from one of these Chinese brands?

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