Global Automobiles Low Leverage High Rewards

Johnson Electric Holdings

Market Cap: HK$18.8b

An investment holding company, manufactures and sells motion systems the Americas, the Asia-Pacific, Europe, the Middle East, Africa, and the People’s Republic of China.

Shanghai Daimay Automotive Interior

Market Cap: CN¥21.5b

Engages in the research and development, production, and sales of automotive interior components, and is a professional automotive part in China and internationally.

Tianneng Battery Group

Market Cap: CN¥21.1b

Researches, develops, produces, and sells electric special vehicle and new energy vehicle power batteries, automotive start-stop batteries, energy storage batteries, 3C batteries, backup batteries, and fuel cells in China and internationally.

Nanning Baling Technology

Market Cap: CN¥1.9b

Engages in the research, development, production, and sale of automotive parts in Mainland China, Indonesia, and Europe.

Hwa Fong Rubber (Thailand)

Market Cap: ฿2.7b

Manufactures and distributes tires and tubes for bicycles, motorcycles, and small logistics vehicles in Thailand, the rest of Asia, Europe, America, and internationally.

Jiangling Motors Corporation

Market Cap: CN¥11.0b

Engages in the production and sale of automobiles and automobile parts in China and internationally.

Tire Company Debica

Market Cap: zł1.4b

Manufactures and sells tires for passenger cars, vans, and trucks in Poland.

Polytec Holding

Market Cap: €107.8m

Develops, manufactures, and sells plastic solutions for passenger cars and light commercial vehicles, commercial vehicles, and smart plastic and industrial applications in Austria.

Press Kogyo

Market Cap: JP¥96.0b

Engages in the manufacture and sale of automotive parts and molds in Japan, Thailand, the United States of America, and internationally.

Sumitomo Rubber Industries

Market Cap: JP¥603.8b

Provides tires, sports, and industrial and other products in Japan and internationally.

Hankook Tire & Technology

Market Cap: ₩8.1t

Manufactures and sells tires in South Korea and internationally.

Triangle TyreLtd

Market Cap: CN¥10.2b

Engages in the research and development, design, manufacture, and marketing of tire products in China and internationally.

Nishikawa Rubber

Market Cap: JP¥128.7b

Manufactures and sells rubber and sealing products in Japan and internationally.

SAIC Motor

Market Cap: CN¥115.8b

Engages in the research and development, production, and sale of vehicles and their parts in the China and internationally.

IKD

Market Cap: CN¥14.1b

Researches, develops, produces, and sells automotive aluminum alloy precision die casting parts, precision cast iron parts, and metal parts for automobiles, industrial applications, and home appliances in the United States, Europe, and Asia.

Schaffer

Market Cap: AU$263.6m

A diversified industrial and investment company, engages in the manufacture and sale of automotive leather and building materials primarily in Australia, Asia, and Europe.

Astra Otoparts

Market Cap: Rp14.6t

Manufactures, sells, distributes, and exports spare parts for two-wheelers and four-wheelers in Indonesia, the Rest of Asia, the Middle East, the United States, Europe, and Africa.

Goodyear India

Market Cap: ₹17.5b

Manufactures and sells tyres, tubes, and flaps under the Goodyear brand in India.

Akwel

Market Cap: €172.0m

Manufactures and sells automotive and heavy goods vehicle components in Europe, the Middle East, Africa, Turkey, Morocco, Tunisia, the United States, and Asia.

Toyota Caetano Portugal

Market Cap: €252.0m

Imports, assembles, and marketing of light and heavy vehicles.

Unipres

Market Cap: JP¥59.9b

Engages in manufacture and sale of automotive parts in Japan.

Niterra

Market Cap: JP¥1.7t

Manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally.

Motonic

Market Cap: ₩219.4b

Manufactures and sells automotive components worldwide.

Fuji Oozx

Market Cap: JP¥18.2b

Engages in the manufacturing and sale of engine valves and other engine related components in Japan and internationally.

Tong Yang Industry

Market Cap: NT$49.0b

Engages in the manufacture and sale of parts, components, and models for automobile in Taiwan, China, the United States, and internationally.

Weifu High-Technology Group

Market Cap: CN¥15.5b

Researches, develops, produces, and sells automotive products in the People’s Republic of China.

Tokai Rika

Market Cap: JP¥266.2b

Manufactures and sells automotive parts in Japan, North America, Asia, and internationally.

Prinx Chengshan Holdings

Market Cap: HK$4.3b

An investment holding company, researches and develops, designs, manufactures, and sells tires and related products.

Yuasa Battery (Thailand)

Market Cap: ฿1.6b

Engages in the manufacture and distribution of batteries for automobiles and motorcycles in Thailand.

SKF India

Market Cap: ₹78.8b

Engages in the manufacturing, trading, and servicing bearings, seals, and motion technologies in India and internationally.

Baluchistan Wheels

Market Cap: PK₨3.0b

Manufactures and markets automotive wheel rims for trucks, buses, tractors, cars, and mini commercial vehicles in Pakistan and internationally.

Compagnie Générale des Établissements Michelin Société en commandite par actions

Market Cap: €23.5b

Engages in the manufacture and sale of tires worldwide.

China Motor

Market Cap: NT$30.5b

Manufactures and sells automobiles, and related parts and components in Taiwan and internationally.

Depo Auto Parts Industrial

Market Cap: NT$23.5b

Manufactures and sells automotive and other related lighting products in Taiwan, Asia, and the United States.

NOK

Market Cap: JP¥480.6b

Manufactures, imports, and sells seal products, industrial mechanical parts, hydraulic and nuclear power equipment, synthetic chemical products, electronic and various other products, and installation work and others in Japan and internationally.

Univance

Market Cap: JP¥16.8b

Manufactures and sells drivetrain components and assemblies for automotive, agricultural, industrial, and off highway applications in Japan and internationally.