QUICK FactSet: Tesla's net profit per vehicle reached 50,000 yuan, ranking first among global automakers

A media outlet studied the profits of the world's 12 best-selling automakers, and found that nine of them saw an increase in profits.

The study covers the world's top 10 best-selling automakers, as well as two electric car companies, Tesla and BYD.

The data is based on profit data from financial data provider QUICK FactSet, using the net profits of the 12 automakers divided by their respective global vehicle sales.

According to reports, Tesla's average net profit per vehicle is equivalent to 1.11 million yen (about 50,000 yuan), ranking first among the twelve automakers in terms of single-vehicle profit.

However, after deducting the net profit of more than 5 billion US dollars brought by tax incentives, Tesla's profit per vehicle fell to 648,000 yen (about 29,000 yuan).

Mercedes-Benz ranked second with a per-vehicle profit of 847,000 yen (about 38,500 yuan), followed by BMW with 701,000 yen (about 31,900 yuan).

All nine automakers in the study posted growth, with Japanese automakers performing particularly well, with Toyota and Honda Motor Co. seeing per-vehicle profits soaring 92% and 53%, respectively.

South Korea's Hyundai Motor saw its profit per vehicle rise 27 percent, and the three automakers are particularly strong in hybrid vehicles.

The general increase in profits of automobile companies reflects the positive trend of the global automobile market gradually recovering after experiencing the epidemic and supply chain challenges, as well as the efforts made by automobile companies to adapt to market changes and improve efficiency.

Zikuai Technology