Nio makes the list for the first time this year, with a brand value of $8.604 billion higher than Sinopec and BYD.

BYD ranked 43rd with a brand value of $6.711 billion, up 16 places from last year's ranking.

As the Chinese market enters a new phase, the focus of economic and social development will no longer be solely on high speed, but will need to be equally focused on quality and sustainability, said Wang Xing, President of Kantar Greater China and Global Chairman of BrandZ.

This year, more than one-fifth of the brands on the Top 100 Most Valuable China 2021 list have achieved more than 100 percent growth in brand value.

At the same time, 2021 was a more difficult year for brands looking to enter the list, with the threshold for entry having been raised to $1.7 billion, up 109 percent year-on-year, Kantar said.

The full list: