Daimler Group makes a profit of over 5,000 U.S. dollars for each car sold, FAW makes 4 U.S. dollars, how much does Geely make?

In 2017, among the global automakers with an annual production of more than 1 million vehicles, Germany's Daimler Group made $5,228 per vehicle, equivalent to RMB 35,600, which can buy one square meter of real estate in Guangzhou. The least profitable is my country's FAW Group, which only made $4 per vehicle, which can only buy a hamburger.

German and Japanese car companies are very profitable. In 2017, the top five profitable car companies with an annual production of more than 1 million vehicles were all German and Japanese car brands.

Mercedes-Benz is the cash cow of the Daimler Group. The Mercedes-Benz brand has a strong appeal and a high brand premium, contributing nearly 58% of the Daimler Group's revenue.

BMW also performed well, with profits of $4,983 per vehicle, second only to Daimler Group.

Although Subaru's annual sales have just exceeded 1 million vehicles, its precise market position has won it loyal users, and its per-vehicle profitability ranks third. In terms of per-vehicle profitability, Japanese company Toyota follows closely behind.

Geely Holding Group, a Chinese private enterprise, has performed well among Chinese companies. The profit per car is equivalent to that of Japanese companies Honda and Fiat Chrysler Automobiles, about US$1,500, equivalent to about RMB 10,000.

Geely's high-end car brand Volvo has played an important role in achieving such good results. According to Geely's 2017 financial report, the company's total revenue in 2017 was nearly 93 billion yuan, and its profit reached 10.6 billion yuan.

With the increasing development of new energy vehicles in the automotive industry, Chinese automakers are expected to enhance their competitiveness.

my country has been the world's largest producer and seller of new energy vehicles for three consecutive years. Four Chinese companies have entered the top 10 in global new energy vehicle sales. China's power battery shipments have surpassed Japan and South Korea to become the world's largest producer.

BYD's electric vehicle sales reached 130,000 in 2017, while BAIC Motor and Zhejiang Geely Holding Group both sold 100,000 electric vehicles a year. Among companies in developed countries, Tesla sold 103,000 vehicles and Nissan sold 73,000 vehicles.

Miao Wei, Minister of Industry and Information Technology, said, "The technological level of my country's new energy vehicle industry has also improved significantly. The driving range of mainstream passenger car models has reached more than 300 kilometers, which is in line with the international advanced level."

In 2017, the energy density of power battery cells of leading Chinese companies reached 2 watt-hours per kilogram, and the price reached RMB 1.2 per watt-hour. These two indicators have increased by 2 times and decreased by 70% respectively compared with 2012.

The R&D investment of key enterprises in my country's new energy vehicle and power battery industry accounted for more than 8%, which is higher than the global industry average.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.