2022 Big Data of the Automobile Industry | Market Value Ranking: Tesla and Toyota have a market value of more than one trillion yuan, and the differen

In 2022, the performance of global stock market was sluggish, and auto stocks fell generally. According to the stock price on December 30, 2022, the authoritative media ranked the market value of 30 major listed companies in the industry, including 24 vehicle companies and 6 battery companies. The market value of only one of the 30 companies, Great Wall Motors, increased slightly by 7%, while the market value of other companies decreased year on year. Among them, the market value of Tesla declined by more than 60%. The share price of Ningde Times fell below 600 yuan at the beginning of 2022, and fell below the 400 yuan mark at the end of the year.

Although Tesla has shrunk by more than 60%, it is still the company with the highest market value in the industry. In 2022, Tesla will deliver 1.31 million vehicles globally, failing to reach the target of 1.5 million vehicles, and no new model will be unveiled. As the car company with the highest market value, Tesla can only catch up with the expectations of the market by accelerating all the way.

The only one with a trillion market value is the traditional industry giant Toyota. In 2022, Toyota US shares continued to decline, but the decline was smaller than Tesla. In terms of performance, Toyota's sales in the United States fell 9.6%, and the global market performed well. From January to November, including Hino and Daihatsu, Toyota sold 9.56 million vehicles, which was basically the same as the same period last year. The sales volume in the 11 months has exceeded the annual sales volume of Volkswagen.

From the perspective of the whole industry, the two are well-deserved leaders in the industry. Tesla ranks first in the world's pure electricity sales, while Toyota is still the world's highest sales car manufacturer this year. Behind the trillion-dollar market value is the expectation of the market for industry leaders.

Two domestic enterprises, Ningde Times and BYD, followed closely, which to a certain extent shows that China's automobile industry is catching up in the era of electrification, and there are gradually some enterprises that can compete with international traditional manufacturers. Ningde Times continued to maintain a high volume of shipments, and BYD pushed FAW-Volkswagen to top the domestic manufacturers' sales list for the first time. Whether they can return to trillions of market value in 2023 is one of the major highlights of the capital market this year.

Since its listing at the end of September, the market value of Porsche, a luxury car company, has surpassed that of its parent company, Volkswagen, and has raised sufficient funds for the electric transformation of Volkswagen. South Korea's power battery giant LGES has a market value of 556.9 billion, which has overwhelmed a number of old car companies. Although it is 30% lower than the 800 billion at the beginning of listing, the market value also shows the growth space of LGES.

Foreign traditional and old car companies are still the backbone of the industry, and they still maintain a high market value despite the decline in share prices. Although most of the share prices of Volkswagen, Benz, BMW and other auto companies fell, their market value remained stable between 200 billion and 500 billion. At the end of the year, the domestic independent enterprise Great Wall rose slightly and successfully joined the club with a market value of 200 billion.

The market value of large domestic automobile groups and some new forces is concentrated between 100 billion and 200 billion. The battery company Yiwei Lithium Energy ranks the top of this range. The three state-owned automobile groups, SAIC, Chang'an and GAC, are at the forefront of the electrification transformation. After experiencing the low point of product replacement in 2022, Ideal and Weilai gradually get on track at the end of the year, with a new high sales rate, and regain market trust.

Enterprises with a market value of less than 10 million yuan are relatively diversified. The stock price of Volvo Cars, a Nordic luxury car company, plunged sharply in the fourth quarter of 2022, and its market value fell below 100 billion yuan. Since its cooperation with Huawei, the stock price of Celes has soared all the way. In 2022, it experienced a roller coaster ride, and its share price was at a relatively low level of 39.99 yuan/share at the end of the year.

The gap between Xiaopeng's market value and Weilai and Ideal gradually opened. (The statistics in the table are the values of the three Hong Kong stock markets.) Since Weixiaoli was only listed in the US stock market at the beginning of 2022, the values of the three US stock markets at the beginning of the year were 52.937 billion, 43.485 billion and 33.698 billion dollars respectively, Xiaopeng was in the middle, while the market value of Xiaopeng's Hong Kong stock market at the end of the year was only about half of the two.

Another new force broke out when it went public, which also proved that the current is not a good time for new forces to go public. Two months after the listing, the market value of Zero-Run is only about 30 billion, which also raises a question for other new forces preparing to go public: whether to choose other suitable opportunities.

Innovation Airlines, a power battery company, also broke out when it was listed. As the largest IPO of Hong Kong shares this year, its market value was less than 30 billion yuan by the end of 2022, down by half from the beginning of the listing. The share price of Shinwanda 2022, another battery company, remained between 20 and 35 yuan/share. Although it has been rumored in the industry that Shinwanda will split the power battery business for independent listing, it has never been officially announced. From the perspective of its power battery business layout and the current situation of the industry, the split listing will certainly help to raise more funds for its related businesses, but when is the most appropriate time depends on the market situation this year.

As three state-owned auto companies, Dongfeng Group, BAIC Motor Corporation and BAIC Bluevale are one of the most effective means to improve their operating performance or increase their share price.

Although the overall economic environment is relatively sluggish in 2022, some enterprises still hold their positions and maintain high market value, while also seeing the differentiation of new forces and power battery fields.

The trend of the capital market means the confidence of the market. With the change of the situation, many market forecasting agencies have given more optimistic expectations of China's economic situation and China's stock market. Goldman Sachs has raised its expectation of China's economic growth in 2023 to 4.5%. Morgan Stanley expects that China's stock market will perform best in the world in 2023.

Can auto stocks collectively rise with the general environment? When will BYD and Ningde return to the trillion market value? Will the new forces intensify the division or return to the same echelon? What other power batteries and new power enterprises can succeed in IPO? Both will be the key points of the auto industry in the capital market in 2023.

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