BYD, Chery, and CATL made it onto the 2024 Fortune 500 list

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Electric vehicle giant BYD rose 69 spots on the 2024 Fortune 500, recording the biggest jump by a Chinese automaker, to rank 143th largest corporation worldwide by revenue. The Volvo parent is also one of the only two privately owned Chinese automakers on the list this year. State-owned SAIC was the highest ranked Chinese automaker, although the partner of Volkswagen and General Motors fell 9 spots to 93rd place this year. Anhui-based Chery Holding Group, China’s biggest exporter of passenger vehicles by volume last year, entered for the first time at 385. [TechNode reporting, Fortune 500]