全球汽车市值八月普涨，逾七成企业同比上扬
2025年8月，全球汽车产业资本市场整体回暖。根据《中国汽车报》汽车市值研究组统计，在130家涵盖整车制造商、零部件企业、新兴车企及经销商集团的上市公司中，有93家市值同比增长，占比约71%；环比来看，有106家实现上涨，占比约82%。在市值排名前二十的企业中，十四家同比提升，十九家环比上升，显示出较强的恢复势头。
全球主要汽车制造商普遍市值增长。大众集团、通用汽车、沃尔沃、马自达等公司涨幅为两位数。同比增长虽有差异，但约半数企业已由此前的下滑或持平状态转为上涨。政策环境变化为主要推力之一：美联储有关降息预期升温，以及欧盟与美国就汽车关税问题的部分缓和，共同提振市场信心。
新兴企业和以电动化、智能化为核心的创新型车企表现活跃。特斯拉市值在自动驾驶和技术合作预期推动下显著上扬。小米集团凭借产业链整合优势继续保持增长潜力。VinFast虽在上市后经历估值波动，但在东南亚和出口市场的扩张仍受到资本市场关注。多家新能源初创企业也通过成本优化与供应链管理改善了投资吸引力。
零部件板块同样展现复苏迹象，电池与智能网联相关企业尤为突出。宁德时代市值环比增长约15.7%，亿纬锂能环比增幅接近30%。这些企业在产品迭代、产能布局和国际化战略方面持续加码，成为行业估值回升的重点受益者。传统零部件和轮胎企业多数也实现环比正增长。
在区域层面，中国资本市场延续上行趋势，A股主要指数创出阶段性新高。比亚迪、吉利、上汽等整车企业市值同比与环比均显著提升。奇瑞汽车获批在香港上市，也被认为是中国车企进一步拥抱国际资本市场的重要信号。
总体来看，2025年8月是全球汽车产业市值环比普涨、同比改善的阶段。虽然不同地区市场需求差异依旧存在，部分车企仍受制于业绩波动和供应链不确定性，但在电动化转型、智能化升级和国际政策环境缓和的共同作用下，行业信心得到提振。随着新车型投产、供应链稳定以及固态电池等前沿技术的商业化，未来数月的竞争格局与机遇将更加凸显。
In August 2025, the global automotive industry experienced a broad recovery in market capitalization. According to the Market Cap Research Group of China Automotive News, among 130 listed companies spanning automakers, parts suppliers, emerging manufacturers, and dealer groups, 93 firms recorded year-on-year growth, accounting for approximately 71 percent. Month-on-month, 106 companies increased in value, or about 82 percent. Within the top 20 by market capitalization, fourteen grew year-on-year and nineteen improved month-on-month, reflecting strong overall momentum.
Major international automakers reported widespread gains. Volkswagen, General Motors, Volvo, Mazda and others achieved two-digit MoM increases. While some still lagged YoY, about half have shifted from decline or stagnation into growth. Key macro drivers included rising expectations of U.S. interest rate cuts and easing of tariff tensions between the EU and U.S., particularly concerning automotive imports.
Emerging players focused on electrification and intelligent technologies also performed strongly. Tesla’s market value rose significantly, supported by expectations around autonomous driving and technology partnerships. Xiaomi maintained growth potential through its integrated industrial ecosystem. VinFast, despite valuation fluctuations following its listing, continued to attract attention with its expansion in Southeast Asia and export markets. A number of newer entrants have also improved investor appeal through cost optimization and stronger supply chain resilience.
The supplier segment demonstrated clear signs of recovery, particularly in batteries and intelligent connectivity. CATL posted a month-on-month increase of about 15.7 percent, while EVE Energy rose nearly 30 percent. These firms, which continue to expand product innovation, production capacity, and global reach, became leading beneficiaries of the valuation rebound. Traditional suppliers, including tire manufacturers, also generally reported positive month-on-month performance.
Regionally, China’s capital market extended its upward trend, with major indices reaching new highs. BYD, Geely, and SAIC posted notable year-on-year and month-on-month increases. Chery’s approval for a Hong Kong listing was viewed as an important milestone in the sector’s engagement with international capital markets.
Overall, August 2025 marked a phase of broad-based month-on-month growth and improving year-on-year performance in the global automotive industry. Despite persistent challenges such as uneven regional demand, performance variability, and supply chain risks, industry confidence strengthened under the combined forces of electrification, intelligent technologies, and easing trade tensions. Looking ahead, new model launches, more stable supply chains, and the commercialization of technologies such as solid-state batteries are expected to further shape competitive dynamics and emerging opportunities.