Among the top 100 private companies on the Hurun China list, 9 are related to new energy vehicles.

    On November 25, 2020 Hurun China List released the list of China's top 500 private enterprises. Among the top 100 private companies, 9 companies are related to the new energy vehicle field, namely Ningde Times, BYD, Weilai Automobile, Xiaopeng Motors, Ideal Motors, Great Wall Motors, Geely Holdings, Wanxiang Group, Yiwei Lithium Energy, mainly involving lithium batteries, new energy vehicles and other fields.

    Hurun China said that new energy vehicles, entertainment and education are the three industries with the fastest growth this year, and the average valuation of the listed companies has more than doubled.

    The market value of the nine new energy vehicles in the Hurun China list is calculated based on the closing price on October 15.

    At that time, the market value of BYD and Weilai both exceeded 400 billion yuan and entered the top 20 on the list. Ideal Auto is the company with the largest value increase among Hurun China's top 500 companies this year, an increase of 1227% over last year, with a market value of 199 billion yuan from last year's 468th to the top 50. Xiaopeng Motors rose by 659%, entering the top 50 from last year's 263rd with 212.5 billion yuan.

    CATL also rose by 207%, ranking 11th with a market value of 593 billion yuan, while it ranked 25th last year. CATL ranks first in market value among 9 new energy automobile companies, and its market value is currently stable at more than 500 billion yuan.

    Recently, BYD's market value once exceeded 500 billion yuan, and today (November 27) fell back to about 471.1 billion yuan. However, some investment bank analysts predict that BYD's market value is expected to exceed one trillion.

    The share prices of the three new car-making forces, Weilai, Ideal and Xiaopeng, also rose overall. At the close of trading on November 25, Eastern Time, Weilai's market value was about 476 billion yuan, Xiaopeng Automobile was about 304.1 billion yuan, and the ideal car was about 223.9 billion yuan.

    Regarding the overall improvement in the stock prices of new energy vehicle companies, Bai Yiyang, the research department of CMB International, said that in terms of recent policies, with the implementation of the "New Energy Vehicle Industry Development Plan (2021-2035)", China's new energy vehicle development will have The benefits of the top-level design.

    While the policy continues to improve, the fundamentals of the new energy automobile industry have improved.

    Bai Yiyang said that since July, new energy vehicles have continued to improve year-on-year. “While the to B end is suppressed by the epidemic, the to C end delivery has gradually increased, reflecting the improved preference of end consumers for new energy vehicles."

    According to the sales data of the China Automobile Association, the sales of new energy vehicles in October were 167,000, a year-on-year increase of 69.7% and a month-on-month increase of 19.6%. China Automobile Association predicts that sales of new energy vehicles are expected to exceed 1 million this year.