China Top 500 Private Enterprises list highlights automotive growth

The All-China Federation of Industry and Commerce has released the ‘2026 China Top 500 Private Enterprises’ and ‘2026 China Top 500 Private Manufacturing Enterprises’ lists in Tianjin. The total revenue for the top 500 private enterprises reached 44.93 trillion yuan, representing a 4.35% year-on-year increase.

The automotive sector showed significant movement in the rankings. BYD maintained its 5th place position with a revenue of 803.96 billion yuan, while Geely Holding Group ranked 8th. Huawei Investment & Holding Co., Ltd. held the 4th position. Seres Group Co., Ltd. saw a notable rise, climbing nine spots to rank 50th among private enterprises and 40th among manufacturing enterprises.

Seres Group reported record-breaking 2025 performance, with annual revenue reaching 165.05 billion yuan, a 13.7% increase. The company's new energy vehicle sales totaled 472,269 units. Its premium brand, AITO, achieved significant market milestones, with the AITO M9 and M8 models leading their respective price segments in deliveries.