--- title: "CPCA: Global Automaker Mkt Cap Falls in Sep; Nascent Carmakers' Mkt Value Down 58% YoY" type: "News" locale: "en" url: "https://longbridge.com/en/news/300914909.md" description: "CPCA reports global automaker market cap fell in September. US-listed automakers dropped 13% YoY to RMB12.9 trillion, while Hong Kong and mainland A-share listings declined 50% and 36% respectively. New-energy startups saw a sharp 58% YoY decline. Tesla, Toyota, and GM also recorded significant drops, reflecting weak market sentiment and severe pressure on consumer vehicle manufacturers." datetime: "2026-10-05T09:00:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300914909.md) - [en](https://longbridge.com/en/news/300914909.md) - [zh-HK](https://longbridge.com/zh-HK/news/300914909.md) generator: "portal-rs" --- # CPCA: Global Automaker Mkt Cap Falls in Sep; Nascent Carmakers' Mkt Value Down 58% YoY Among global automobile manufacturers by market capitalization, automakers in the US stock market remained the largest segment, reaching RMB12.9 trillion in September, down 5% MoM and down 13% YoY, Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), said. The market cap of Hong Kong-listed automakers reached RMB870 billion, down 11% MoM and down 50% YoY, while the mainland A-share market hit RMB1.4 trillion, down 4% MoM and down 36% YoY. The CPCA stated that for some companies dual-listed in A- and H-share markets, market cap is primarily classified according to the primary listing venue, with BYD Company (002594.SZ) +1.290 (+1.573%) , GREAT WALL MOTOR (601633.SH) +0.070 (+0.512%) and GAC GROUP (601238.SH) +0.240 (+4.286%) categorized as A-share companies. It also aggregates the A-share and Hong Kong-listed market cap of Chinese automakers and auto parts enterprises. The A-share market tends to support smaller upstream companies in the automotive supply chain, while the Hong Kong market tends to support large vehicle manufacturers, highlighting significant differences in domestic market preferences. In September, changes in the market cap of domestic and overseas automobile manufacturers were relatively evident, with consumer vehicle manufacturers facing extremely severe pressure overall. Given high subsidies, Chinese commercial vehicle makers saw market cap decline only 7% YoY despite relatively weak global competitiveness, maintaining a relatively strong position over the past five years as of September. Tesla, Inc. (TSLA.US) saw its market cap fall 11% YoY, while the overall market cap of other international automakers in September was at the lowest level since early last year, reflecting weak market sentiment. International automakers such as Toyota (7203.JP) and General Motors Company (GM.US) recorded a 14% YoY decline in market cap. Private-sector automakers including BYD Company, Geely and GREAT WALL MOTOR saw market capitalization fall 31% YoY, while state-owned vehicle manufacturers declined 37% YoY and new-energy vehicle startups declined 58% YoY. Phone-related automakers such as XIAOMI-W (01810.HK) -0.360 (-1.485%) Short selling $843.11M; Ratio 40.016% and Huawei-backed Seres logged a 59% YoY downfall in market cap. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-05 16:25.) (A Shares quote is delayed for at least 15 mins.) 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