Jin Rong Jie·2026-01-11 10:17Core Insights - The global automotive industry saw significant changes in market capitalization rankings by December 2025, with most companies experiencing growth, particularly Chinese automakers [1] Group 1: Global Automotive Market Capitalization - Tesla remains the highest valued company with a market capitalization of 101,828.27 billion yuan, showing a month-on-month increase of 0.63% and a year-on-year increase of 7.64% [2][4] - Toyota ranks second with a market capitalization of 23,638.71 billion yuan, reflecting a month-on-month growth of 5.06% and a year-on-year growth of 2.41% [2][4] - CATL (Contemporary Amperex Technology Co., Limited) ranks third with a market capitalization of 16,761.75 billion yuan, experiencing a month-on-month decline of 1.51% but a year-on-year increase of 43.12% [2][4] - BYD ranks fifth with a market capitalization of 8,909.33 billion yuan, with a month-on-month increase of 2.68% and a year-on-year increase of 8.34% [2][4] Group 2: Domestic Automotive Market Capitalization - BYD leads the domestic market with a market capitalization of 8,990.33 billion yuan, significantly higher than the combined market caps of the next four companies [5] - The second-ranked company, Seres, has a market capitalization of 2,080.25 billion yuan, showing a month-on-month decline of 4.31% but a year-on-year growth of 3.29% [5] - Great Wall Motors ranks third with a market capitalization of 1,936.65 billion yuan, with a month-on-month increase of 3.33% but a year-on-year decline of 13.97% [5] - SAIC Motor ranks fourth with a market capitalization of 1,749.58 billion yuan, reflecting a month-on-month increase of 1.67% and a year-on-year decline of 27.19% [5] - Geely ranks fifth with a market capitalization of 1,725.89 billion yuan, showing a month-on-month increase of 10.69% and a year-on-year increase of 22.97% [5] Group 3: Future Outlook - The commercialization of L3 autonomous driving is expected to become a focal point for industry development in 2026, with projections indicating that the domestic L3 autonomous driving market could exceed 1.2 trillion yuan by 2030 [8] - The first conditional L3 autonomous driving vehicle approvals have been granted to BAIC Arcfox and Changan Deep Blue, allowing for conditional autonomous driving on designated roads [8] - The Chinese new energy passenger vehicle market is anticipated to achieve high-quality growth in 2026, supported by favorable policies, potentially leading to increased sales and market share for Chinese automakers [8]