Rivian surpasses Volkswagen and BYD ranks third in the global auto company market value ranking in November 2021

Driven by Tesla, the market value of new energy vehicle companies has also skyrocketed. Even before the vehicles of some new car manufacturers have started large-scale delivery, their market value has skyrocketed to the third place among global car companies. Such a magical thing happened in the US stock market. On November 18, the latest global car company market value ranking showed that Tesla topped the throne of the world's "car company market value" with a market value of 1.059 trillion US dollars.

Toyota follows closely behind with a total market value of US$262 billion, a huge gap from Tesla, but still ranks second in the world.

The most surprising thing is the new car manufacturer Rivian, which was listed on the Nasdaq in the United States on November 10 with an issue price of US$78. The first-day increase of its IPO was as high as 53%. Today, its total market value has reached the third place among global automakers, surpassing Ford and General Motors to become the second largest automaker in the United States.

In addition, Rivian has not yet started large-scale delivery, and has delivered only about 1,000 vehicles, but its market value has become the third highest among global automakers. Many investors do not understand the market value logic of new energy vehicles.

Automakers such as Volkswagen, BYD, Mercedes-Benz's parent company Daimler, General Motors, Lucid, Ford, and Great Wall Motors ranked fourth to tenth.

Zikuai Technology