Beijing Auto and Geely Enter into Fortune 500 List

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Both Geely and Beijing Auto entered into this years Fortune 500 list according to statements from both companies, Beijing Auto was ranked at at 336 on the list whilst Geely was slightly higher at 477.

Beijing Auto boasted revenues of US$33.4 billion in 2012, it reported US$1.07 billion in profits in 2012. Beijing Auto sold a total of 644,784 passenger cars and 335,989 commercial vehicles in the first half of 2013, respectively up 45 percent and 3.4 percent compared to the same period in 2012.

Geely had revenue reaching US$24,6 billion in 2012, last year the private car maker sold 483,000 cars in Chinese and export markets, outpacing the average growth rate of the Chinese motor industry by 15%, making it the 7th biggest passenger vehicle manufacturer in China. The Volvo Car Corporation, the premium brand under Geely Holding since 2010, sold 421,951 vehicles globally in 2012 and is on track to boost its global sales figures to 800,000 units by 2020.

About the author  ⁄ CatherineQu

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