The "Top 100 most valuable automobile brands 2024" list was revealed by the British brand evaluation agency Brand Finance in March this year.
22 Chinese automobile brands made it to the list. BYD ranked 11th globally, up 9 places from 2022; and Changan Auto ranked 44th, up 20 places from 2022.
China's auto industry is entering a new era. After surpassing Japan as the world's largest exporter in the automobile industry in 2023, the industry has grown rapidly in recent years backed by strong global interest in electric vehicles, driving further exports. As the top car brand from China, BYD (whose brand value increased by 20 percent year-on-year to $12.1 billion) surpassed Tesla in electric vehicle production in the fourth quarter of 2023.
19 of the 22 brands are recorded to have increased their brand strength, according to the research. Take Geely for instance, the brand strength they gained is mainly driven by providing better customer services and investing in the company's R&D.
Now let's have a look at the world rankings for the Chinese automobile brands.
No 10 FAW Jiefang (world rank at 62)
Employees work at an intelligent plant of truck manufacturer FAW Jiefang in Changchun, Northeast China's Jilin province, Feb 19, 2024. [Photo/Xinhua]
No 9 Great Wall Motors (world rank at 56)
A GWM model rolls off the assembly line in Jingmen, Hubei province in November 2023. [Photo provided to chinadaily.com.cn]
No 8 BYD Song (world rank at 54)
A BYD Song Max DM-I at a 4S store in Jiaqing, East China's Zhejiang province on March 1, 2022. [Photo/IC]
No 7 BYD Han (world rank at 51)
A BYD Han EV is on display at an auto expo in Beijing on Sept 16, 2020. [Photo/IC]
No 6 Li Auto (world rank at 47)
A saleswoman introduces the Li Auto's L7 SUV to a visitor at the 2023 Chengdu Motor Show in August. CAO YINGYING/CHINA DAILY
No 5 Nio (world rank at 46)
Nio's booth is crowded with visitors at the 2023 Chengdu auto show. [Photo by Li Fusheng/chinadaily.com.cn]
No 4 Changan Auto (world rank at 44)
Visitors check out a Changan Auto booth at the fifth Western China International Fair for Investment and Trade in Southwest China's Chongqing, May 18, 2023. [Photo/Xinhua]
No 3 Geely (world rank at 36)
People look at Geely cars during the 20th Shanghai International Automobile Industry Exhibition in Shanghai on April 19, 2023. [Photo/VCG]
No 2 Great Wall Motor's Haval brand (world rank at 30)
Great Wall Motor's Haval booth attracts visitors at the Chengdu auto show that runs from Aug 25 to Sept 3, 2023. [Photo provided to chinadaily.com.cn]
