Despite its higher corporate valuation than last year, has dropped in the latest Hurun World 500 list.

The list released Friday shows Nio ranked 246th, with a corporate valuation of RMB 430.9 billion ($66 billion). That's a drop of 17 spots from its ranking last year.

The English version of the Hurun list appears to incorrectly replace "100 million" with "1 billion". We have based the following on its Chinese list, but have provided screenshots of the English list.

In 2020, Nio was ranked 229th with a lower valuation of RMB 403.9 billion.

Nio's local counterpart, Motors, failed to make the list this year, ranking 404th in 2020 with a valuation of RMB 248.8 billion.

did not make the list last year or this year.

, China's largest automotive lithium-ion battery, moved up 89 spots to No. 50 this year.

Apple ranks first in the world with a valuation of approximately RMB 15.8 trillion, up 15 percent from last year when the list was released.

Microsoft, Amazon and Alphabet ranked second to fourth with RMB 13.7 trillion, RMB 11.7 trillion and RMB 11.2 trillion, respectively.

The total value of the 2021 Hurun Global 500 companies grew by RMB 50 trillion over last year to RMB 375 trillion.

Of these, US companies grew by RMB 32 trillion, followed by China and Switzerland, both of which grew by RMB 1 trillion.

In terms of growth rate, China narrowed to 5 percent this year after being the fastest growing country in the world last year.

A total of 81 companies have more than doubled in value in the last two years, with Nio being the biggest gainer, up 25 times in the last two years.

China has 47 companies in the 2021 Hurun Global 500, with a total value of RMB 36 trillion.

China's top company remains Tencent, down 3 percent to RMB 4.5 trillion, maintaining its sixth place in the world rankings. Next in line is Alibaba, down 18 percent to RMB 3.8 trillion and down two spots to ninth in the world.