EV Analysis 2022
Tesla led the worldwide electric vehicle market with a 14% share. Sales of the Model Y started in the major markets in 2021 and quickly overtook those of the Model 3 in Mainland China and the US. Tesla vehicle production is well-established in Mainland China. It will commence in Europe in the first half of 2022 as it focuses on delivering existing models rather than launching new ones in 2022.
Volkswagen Group was second with a 12% share. It doubled its EV sales in 2021 compared with 2020 and led it in Europe. Nearly 60% of the Group’s EV sales were from the VW brand, with good support from Audi, Cupra, Porsche, SEAT, and Skoda, thus giving it a presence in a range of EV segments.
SAIC, which includes SGMW, the combination of SAIC, GM, and Wuling, came third with an 11% share. The big success within the group is still the Wuling Hongguang Mini EV in Mainland China, where it is the runaway leader. EVs from Baojun, Maxus, MG, and Roewe, all SAIC-owned brands, contributed to its success.
BYD came fourth with a share of 9% and a particularly strong second half of the year. Its EV sales increased by over 200% in 2021 with more than a dozen models available in Mainland China, some with EV and PHEV versions. It has also expanded beyond Mainland China. It launched the first model based on its new e-platform 3.0 toward the end of 2021, with more new models on the platform in 2022.
Stellaris was fifth with a 6% share. Electrified versions of popular compact cars in Europe were the key to its success with Peugeot, Opel/Vauxhall, and Fiat vehicles all selling well. Stellaris will produce four new EV platforms to use across vehicles from the 14 brands in the group.
BMW Group held a 5% share in 2021, growing its electrified vehicle sales by 70%, but lost ground to its faster-growing competitors. Its best-selling EV in 2021 was the China-built BMW iX3, with China’s biggest end-user. The Mini Cooper SE was the second best-selling EV, ahead of the aging BMW i3.
Hyundai Motor Group held a 5% share of the EV in 2021. Hyundai and Kia performed well with their “twin” models. The Hyundai Ioniq 5 and Kia EV6 launched in mid-2021, while the Hyundai Kona and Kia Niro sold well in 2021. The Group has navigated the chip shortages better than most competitors so far.
What Is Market Value?
The value (also known as OMV, or “open market valuation”) is the price an asset would fetch in the marketplace or the value that the investment community gives to a particular equity or business.
Market value is also commonly used to refer to its capitalization of a publicly traded company, and is calculated by multiplying the number of its outstanding shares by the current share price.
Market value is easiest to determine for exchange-traded instruments such as stocks and futures, since their market prices are widely disseminated and easily available, but is a little more challenging to ascertain for over-the-counter instruments like fixed-income securities. However, the greatest difficulty in determining market value lies in estimating the value of illiquid assets like real estate and businesses, which may necessitate the use of real estate appraisers and business valuation experts respectively.
Understanding Market Value
A company’s market value is a good indication of investors’ perceptions of its business prospects. The range of market values in the marketplace is enormous, ranging from less than $1 million for the smallest companies to hundreds of billions for the world’s biggest and most successful companies.
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