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China's top 10 most valuable private energy companies

Updated: Oct 25, 2023 chinadaily.com.cn Print
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With a value of 1.04 trillion yuan ($142.54 billion), Contemporary Amperex Technology Co Ltd has become the most valuable private energy company in China, a latest report from Hurun Research Institute showed.

BYD, which was valued at 700 billion yuan, came in second place, followed by Li Auto at 300 billion yuan and PV panel maker LONGi Green Energy Technology Co at 210 billion yuan, according to the Hurun China Most Valuable Private Energy Companies 2023 list.

The ranking, released by Hurun for the first time, examines Chinese private companies with an energy-related business that accounts for more than 50 percent of their business.

Let's take a look at the top 10.

No 10 Jinko Solar

Employees produce photovoltaic cells at a workshop of Jinko Solar Holding Co Ltd, in Hefei Circular Economy Demonstration Park, Anhui province, in January, 2022. RUAN XUEFENG/FOR CHINA DAILY

No 9 EVE Energy

Visitors gather at the booth of EVE Energy during an expo in Shanghai, April 21, 2023. [Photo/VCG]

No 8 NIO

NIO's battery-swap station in Ulm, Germany, is put into operation in August. CHINA DAILY

No 7 Tongwei Co Ltd

Visitors gather at the Tongwei booth during an expo in Chengdu, Sichuan province, June 29, 2023. [Photo/VCG]

No 6 Sungrow Power Supply Co Ltd

The Sungrow building in Shanghai, Dec 30, 2022.[Photo/VCG]

No 5 Formosa Petrochemical Corp

The website of Formosa Petrochemical. [Photo/www.fpcc.com.tw/en]

No 4 LONGi Green Energy Technology Co

Workers operate on an assembly line of LONGi Green Energy Technology Co in Taizhou, Jiangsu province, in December. [TANG DEHONG/FOR CHINA DAILY]

No 3 Li Auto

A saleswoman introduces the Li Auto's L7 SUV to a visitor at the 2023 Chengdu Motor Show in August. [CAO YINGYING/CHINA DAILY]

No 2 BYD

Visitors check out a Yangwang U9, an NEV from Chinese carmaker BYD during the Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen, Guangdong province, on June 17. CHINA DAILY

No 1 CATL

Visitors gather at the booth of Contemporary Amperex Technology Co Ltd (CATL) during a new energy vehicle expo held in Beijing in August, 2022. [Photo provided to China Daily]

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