Global Auto Companies' Market Value in June: Transnational Companies Welcome "Highlights", Dealer Plate "Collectively Submerged"
Jul 12, 2024
The China Automotive News automotive market value research group continues to comprehensively track, sort out, and comparatively analyze the monthly market value changes of global automotive listed companies in June 2024. Based on the data accumulation of the whole year of 2023, a summary of the annual market value performance of global automotive listed companies is made, and the market value trend in 2024 is predicted to provide readers with richer, more detailed, more objective, more diverse, and multi-dimensional market value change data analysis.
Nearly half of the companies achieved year-on-year growth, with more than 30% of the rankings remaining the same.
In June 2024, the global automotive company market value showed a more obvious situation of more decreases than increases both month-on-month and year-on-year.
According to the statistics of the automotive market value research group, in June 2024, among the 128 global automotive listed companies in the statistical range, 29 companies achieved a month-on-month increase, accounting for 22.6%, which is a decline from the previous month; 40 companies achieved year-on-year growth, accounting for 31.2%, also a decrease of more than 10% from the previous month.
Looking at the top 20 rankings of global automotive listed companies in June, 7 companies' market value rankings were stable, the same as the previous month, accounting for more than 30%, mainly concentrated in the top market value companies such as Tesla, Toyota, CATL, and BYD. Among the top 20 companies, 6 companies achieved a month-on-month increase in market value, the same as the previous month; in terms of year-on-year, 9 companies achieved growth, 4 less than the previous month.
Continued differentiation with ups and downs, the overall positive trend remains unchanged.
June saw continued differentiation in the A-share market, with the Shanghai Composite Index closing at 2967.40 points, up 0.73%; the Shenzhen Component Index closed at 8848.70 points, down 0.01%; the ChiNext Index closed at 1683.43 points, down 1.16%. Looking at the first half of this year, the A-share indices and gains did not rank at the forefront among the main stock indices globally.
Domestic main traditional vehicle and distributor listed companies showed obvious differentiation in June, with leading stocks rising firmly, potential stocks emerging, and most fluctuations narrowing. There were 7 companies with a month-on-month increase in market value, accounting for about 23%, 3 less than the previous month. Looking at the first half of the domestic main traditional vehicle and distributor listed companies, most companies' month-on-month rise or decline tended to narrow.
BYD, with a leading market value, reached a total market value of 728.044 billion yuan at the end of June, reaching its peak since February 3, 2023, with a month-on-month increase of 9.27%. Looking at its overall trend in the first half of the year, BYD's stock price rebounded at the beginning of February, and began to rise rapidly in June, from 229.01 yuan per share at the beginning of the month, once breaking through the high point of several months at 259.87 yuan per share in the middle of the month, and closed at 250.25 yuan per share at the end of the month, with a strong upward trend.
Major favorable news boosts, some car companies rise sharply.
In June, the performance of multinational car companies in the stock market showed obvious differentiation. Among the 26 car companies included in the statistics, 11 companies' market value increased month-on-month, and 15 companies' market value declined. The year-on-year situation was just the opposite.
Firstly, in terms of month-on-month, Tesla, Hyundai Motor, Mahindra, Rivian, and Polestar achieved double-digit increases, mainly due to major favorable news. Among them, the largest increase was Rivian, nearly 30%, due to cooperation with the Volkswagen Group. On the evening of June 25, the Volkswagen Group announced a partnership with Rivian to jointly develop the next generation of electrical architecture and software technology. For this, the Volkswagen Group will invest $5 billion in Rivian in batches over the next few years and establish a joint venture with a 50:50 stake ratio. This is undoubtedly major good news for Rivian, which has been unable to make a profit for many years and is facing huge cash flow pressure. Rivian's stock price soared by more than 40% overnight and then fell back a bit.
Overall, in June, the market value of automobile startups回调 was contrary to the growth of sales.
In June, Li Auto delivered 47,774 new cars, a month-on-month increase of 36.42%, and a year-on-year increase of 46.7%. In the second quarter of 2024, its delivery volume reached 108,581, a year-on-year increase of 25.5%. NIO delivered 21,200 new cars in June, a month-on-month increase of 3.23%, and a year-on-year increase of 98%. NIO's second-quarter delivery of new cars was 57,400, a year-on-year increase of 143.9%, and the overall delivery volume in the first half of the year reached 87,400, a year-on-year increase of 60.2%. XPeng Motors delivered 10,700 new cars in June, a year-on-year increase of 24%, and a month-on-month increase of 5%. From January to June 2024, XPeng Motors delivered a total of 52,000 new cars, a year-on-year increase of 26%. Leap Motor delivered 20,100 new cars, a year-on-year increase of 52.3%, and a month-on-month increase of 10.7%, with a cumulative delivery volume of 86,700 in the first half of the year. Zeekr Automobile also performed strongly, with a delivery volume of 20,100 in June, a year-on-year increase of 89%, and a month-on-month increase of 7.41%. It is worth mentioning that Zeekr brand's single-month delivery volume exceeded 20,000 for the first time, and the cumulative delivery volume from January to June this year reached 87,900.
Despite the generally optimistic outlook for the sales market, a temporary market value callback does not need to be overly pessimistic. We need to continue to pay attention to the performance of these companies, explore their potential value, and look for the best investment opportunities.
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