The Fortune Global 500 list is one of the most prestigious and authoritative rankings for assessing the strength of large global companies. It provides insights into the rankings of major corporations from different countries, as well as changes in operational quality, such as return on sales, return on equity, and total factor productivity. This year, the total revenue of companies on the Fortune Global 500 list is approximately $41 trillion, a slight increase of 0.1% from the previous year, with the minimum revenue threshold for entry being $32.1 billion. China has 133 companies on the list, with a combined revenue of around $11 trillion in 2023.
Chery, making its debut on the list, represents China’s independent automotive brands. Founded 27 years ago from humble beginnings, Chery thrived during China’s rapid automotive development and significant transformation periods. Today, Chery boasts 14.2 million global users, operates in over 80 countries and regions, and has become one of the most internationalized Chinese automotive brands on the Fortune Global 500 list. Chery’s sustainable development journey is marked by its long-term vision and resilience through economic cycles.
Chery is currently on a high-speed path of quality development. From 2021 to 2023, the group’s annual sales increased from 962,000, 1.233 million to 1.881 million vehicles, nearly doubling in three years. Chery has cumulatively exported 3.9 million vehicles, maintaining its position as the leading Chinese brand in passenger car exports for 21 consecutive years. In 2023, one in every three Chinese passenger cars exported overseas was a Chery. In the first half of 2024, Chery’s sales exceeded 1.1 million vehicles, a 48.4% year-on-year increase, setting a new historical record. Chery is the only company in the industry to achieve growth in both new energy and fuel vehicles and in both Chinese and international markets.
