Six Chinese automakers were selected into the 2017 Fortune Global 500

At 7:30 a.m. EST on July 20, 2017 (19:30 p.m. Beijing Time on July 20, 2017), Fortune magazine officially announced the ranking of the "2017 Global 500 Companies". The Fortune Global 500 list is known as the "ultimate list" and has always been the most famous and authoritative list for measuring large global companies.

Last year, 110 Chinese companies were on the list, and this year the number increased to 115, second only to the United States with 132. Among these large companies, a total of 6 Chinese auto companies were successfully selected, namely: Shanghai Automotive Industry Corporation (SAIC), ranked 41st; Dongfeng Motor Corporation (Dongfeng Motor), ranked 68th; China First Automobile Group Corporation (FAW), ranked 125th; Beijing Automotive Group (BAIC), ranked 137th; Guangzhou Automobile Industry Group (GAC), ranked 238th; Zhejiang Geely Holding Group (Geely), ranked 343rd.

SAIC Motor: Ranked 41st

With sales revenue of USD 113.86 billion in 2016, SAIC Motor ranked 41st in the Fortune Global 500. This is the 13th time that SAIC Motor has been on the Fortune Global 500 list, and it has risen by 5 places compared with 2016, far ahead of other domestic automobile companies. At the same time, as a leading enterprise in China's automobile industry, SAIC Motor ranked 7th in the global automobile industry, surpassing world-renowned automobile companies such as Nissan, BMW, and Hyundai.

In 2016, SAIC Motor sold 6.48 million vehicles, continuing to rank first in the domestic market. In the first half of 2017, SAIC Motor produced 3.2483 million vehicles, up 7.16% year-on-year; and sold 3.1746 million vehicles, up 5.76% year-on-year. Given SAIC Motor's size, its sales growth rate is still able to outperform the market.

Dongfeng Motor Group: ranked 68th

Dongfeng Motor Corporation was shortlisted again, ranking 68th, 13 places higher than last year. From January to May this year, Dongfeng Motor Corporation sold 1.5396 million vehicles, including 1.296 million passenger cars and 243,600 commercial vehicles, up 21.91% year-on-year.

FAW Group: Ranked 125th

FAW Group was once again shortlisted this year with a revenue of US$64.78 billion, ranking 125th. In June this year, FAW achieved wholesale sales of 264,000 vehicles, a year-on-year increase of 10.7%, and terminal retail sales of 258,000 vehicles, a year-on-year increase of 8.5%. From January to June, the cumulative wholesale sales were 1.599 million vehicles and terminal retail sales were 1.519 million vehicles, a year-on-year increase of 7.6% and 3.2% respectively.

BAIC Group: Ranked 137th

With an operating income of US$61.13 billion, BAIC Group ranked 137th in the Fortune Global 500, up 23 places from 2016. This is the fifth consecutive year that BAIC Group has been included in the Fortune Global 500, and its ranking has increased for five consecutive years. This latest ranking shows the strong development momentum of BAIC Group since the start of the 13th Five-Year Plan.

GAC Group: Ranked 238th

GAC Group ranked 238th, up 65 places from last year, a rise of 21.5%. Since 2013, GAC Group has been on the Fortune Global 500 list for five consecutive years, and this year's ranking hit a new high, showing a strong development momentum.

As a Guangzhou-based company that has entered the Fortune Global 500, GAC Group has continuously broken its ranking record, which is a concentrated reflection of its insistence on independent innovation and rapid and steady development. In the first half of this year, GAC Group achieved vehicle sales of 963,500 units, a year-on-year increase of 31.65%. In 2016, GAC Group achieved vehicle sales of 1.65 million units, a year-on-year increase of 27%.

Geely Holding Group: Ranked 343rd

Geely Holding Group: Ranked 343rd As the only private independent brand enterprise selected, Geely Holding Group has been selected for the sixth time, and its ranking has risen by 67 places compared with last year, continuing to be the benchmark for my country's independent brands.

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.