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Top 10 Multinational Car Companies 2021 Annual Results

Categories: Industry dynamics

Categories: Company News

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Time of issue:2022-03-24 16:47

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  • Toyota:Net profit of $26.3 billion, up 72% year-on-year. By 2030, it will invest 8 trillion yen to develop gasoline-electric hybrid, plug-in hybrid, and hydrogen fuel cell technologies, launch 30 pure electric models, and increase the sales of pure electric vehicles to 3.5 million.
  • Mercedes-Benz (Daimler):Revenue of 168 billion billion euros, up 9% year-on-year; Net profit of 25.5 billion billion dollars, up 485 percent year-on-year. In 2022, we will continue to increase investment in pure electric vehicles, accelerate the landing of automotive software programs, and promote the growth of luxury car business.
  • Ford:Revenue of $136.341 billion, up 7.1 per cent year-on-year; net profit of $17.9 billion, turning around, up 1502 per cent year-on-year. Profits are expected to be between $115 and $12.5 billion in 2022, up 15%-25% year-on-year, with a profit margin of 8%.
  • Volkswagen Group:Net profit of US $16.9 billion, up 75% year-on-year. In 2022, the Volkswagen Group will invest heavily in software development and autonomous driving technology to continuously enrich the pure electric vehicle product portfolio. In 2022-2026, the total investment of the Volkswagen Group is 159 billion euros (89 billion euros for electric vehicles and digitalization).
  • Stellants (PSA FCA):Revenue of 152.1 billion billion euros, up 14% year-on-year; Net profit of 14.6 billion billion dollars, up 179 percent year-on-year. By 2030, the group's annual sales of pure electric vehicles will reach 5 million.
  • BMW:Revenue was € 111.2 billion m, up 12.4 per cent, and net profit was $13.6 billion m, up 223 per cent. Its sales of new energy vehicles soared to 13%, and its profitability was greatly enhanced. Research and development investment of 6.3 billion billion euros, up 10.7 percent year-on-year, mainly in new vehicle architecture and electric products offensive related areas.
  • General Motors:Net profit was $10 billion billion, up 56% year-on-year. It will continue to increase its electric vehicle production capacity in 2022, and it is expected that its electric vehicle production capacity in the North American market will exceed 1 million in 2025.
  • Honda:Net profit of $6.7 billion, up 92% YoY. In the next five years, Honda will launch 10 Honda brand pure electric vehicles in China. By 2040, Honda's sales of pure electric vehicles and fuel cell vehicles will account for 100 percent.
  • Modern Cars:Net profit of $4.6 billion billion, up 196 percent year-on-year; sales of 3.9 million vehicles, up 3.9 percent year-on-year; revenue of 1.176 million won, up 13 percent year-on-year. The global sales target for 2022 is 4.32 million vehicles, including 220000 electric vehicles. By 2030, Hyundai Motor will launch 17 pure electric models, with sales of 1.87 million electric vehicles and a profit margin of more than 10% for departments related to electric vehicles.
  • Nissan:Net profit of $1 billion billion, up 110 percent year-on-year. In the next five years, Nissan will invest $17.6 billion billion to accelerate the layout and technological innovation of electric products, and increase the proportion of sales of electric models in the core market.