Top 10 global auto companies by net profit in Q3 2024

It is reported that in the third quarter just passed, the world's mainstream automakers generally experienced a decline in sales and a sharp drop in profits. Some media have compiled a list of the top ten global auto companies in terms of net profit in the third quarter based on the financial reports of automakers.

The list shows that among the top ten automakers in terms of net profit, half of them saw their net profits cut in half, including the most profitable Toyota and Volkswagen.

Specifically, Toyota's net profit in the third quarter was $3.759 billion, the highest among global automakers, but down 55% year-on-year. Toyota's profit decline was related to the decline in global sales and the revelation of certification fraud, which once led to the group's suspension of operations.

GM's profitability performance was also good, with a net profit of 30.56% in the third quarter, the same as the same period last year; Hyundai Motor's net profit was US$2.293 billion, a slight decrease of 3%.

Tesla is the most impressive automaker on the list, with a net profit of US$2.167 billion in the third quarter, a year-on-year increase of 17%, making it the automaker with the largest increase on the list.

The decline of European manufacturers was also quite obvious. Take Volkswagen as an example. Its net profit in the third quarter fell by more than 60% year-on-year to 1.58 billion euros.

As for BYD, it is the only Chinese automaker on the list, with a net profit of US$1.617 billion in the third quarter, up 11% year-on-year . It and Tesla are the only two automakers whose net profits have risen against the trend.

In addition, BYD's third-quarter revenue reached 20.1125 billion yuan, surpassing Tesla for the first time as a new energy vehicle company.

Zikuai Technology