Do you know who are they top Largest Car Companies in the World?
Transportation in today’s world is a very strong foundation of growing modernization. The most common and most used is road transportation through cars, motorbikes, buses, trucks, etc.
Car is the most common automobile that is used by the middle class to the high-class group which covers almost 70% of the world’s population.
Cars have given us comfort and freedom of mobility. The car companies manufacture a variety of cars as per the need and financial strength of their target consumers.
The target consumers could be the middle class, the upper class, and the higher class rich people too. This blog unravels the top 15 largest car companies in the world.
Top 15 Largest Car Companies in the World
The automotive industry is the fastest growing industry of this era. They comprise a wide range of companies involved in the design, manufacturing, development, marketing, and selling of cars. Year after year the car companies are selling millions of units and generating billions of revenue.
From lower priced cars or average ranged cars to very expensive luxury cars, the car companies have it all. The largest car companies have a worldwide hold of selling vehicles to businesses and consumers around the globe. The ranking is done based on their financial makings and their popularity amongst the consumers.
Enlisted below are the top 15 Largest Car Companies in the World.
BYD Auto is an automobile subsidiary of the Chinese multinational manufacturer BYD Company. This automobile company was founded in 2003 after BYD acquired the automobile company named Qinchuan in 2002. This car company manufactures cars, trucks, buses, electric bicycles, rechargeable batteries, and forklifts.
Currently, it is big on battery electric vehicles, plug-in hybrids, and also petrol engine vehicles. This was the fourth largest car company in plug-in electric vehicle company. Also, it was fourth in the world as the largest BEV Company. With its quick global expansion, BYD is planning to sell over 2 million plug-in electric vehicles in 2022.
It had also become the world’s largest electric vehicle manufacturer overtaking Tesla. The market capital of BYD is $102.07 billion and its revenue is $42.56 billion.
The company manufactures station wagons, SUVs, and sedans. It is a Swedish Multinational car Manufacturer Company headquartered in Gothenburg, Sweden.
In 1927 Volvo was founded by Assar Gabrielsson and Gustaf Larson. The company was founded with the sole intention, i.e, the safety of the drivers. Volvo is popular amongst its consumers for its classic design and safety. The Volvo cars are robust and reliable.
The safety is exceptional with a three-point safety belt, laminated glass, rear-facing child seat with a safety cushion in the armrest, side impact protection system, side airbags, and whatnot.
Volvo offers great customer satisfaction and after-sale services. It holds a brand value of $17.76 billion and a market capital of $33.22 billion with a revenue of $43.47 billion.
It is a global car manufacturer headquartered in Yokohama, Japan. The company was founded in the year 1933. The company operates in Japan-ASEAN, China, America, and AMIEO regions. In terms of reliability rankings it is very popular to be the most reliable in the market and consistently holds the upper half of the list for it.
Nissan swears by its safety set, reliability standards, and value. It has a market capital of $14.74 billion and a revenue of $73.16 billion. The company has brands under its wings like Infiniti, Datsun, etc.
12. SAIC Motors
SAIC stands for Shanghai Automotive Industry Corporation, which is one of the largest car companies headquartered in Anting, China. The company was founded in 1955 and now it is the largest state-owned car manufacturer in China. It is under Fortune Global 500 Company, which sells around 6 million units of vehicles annually.
SAIC has brands that are exclusive like LDV, Maxus, Roewe, etc. The company was ranked 7th as the global automaker by revenue in the year 2020. The market capital of this car company is $24.97 billion and its revenue is $107.6 billion. The company has joint ventures with other reputed companies like Volkswagen, GM, etc.
11. General Motors
General Motors is the largest automobile manufacturer in the U.S. The General Motors Company is known for its majority of sales from its line of trucks to SUVs. With the changing and challenging times, the company has evolved for making small and fuel-efficient cars. Headquartered in Detroit, Michigan, U.S it is the world’s largest car company by production volume.
The company was founded in 1908, and since then they have released around 43 brands under its wing. GM holds $57.53 billion in market share with $130.50 billion in revenue. The company sold over 6.8 million units last year. Some of its subsidiaries are GMC, Cadillac, Chevrolet, Hummer, etc.
The Hyundai Motor Company hails from South Korea and was founded in 1967. This car company is praised for making budget-friendly cars into lavish sports segment cars. The company focuses on the well-being of the drivers and is extremely reliable. The topmost reason for the customers to choose this company’s car is because of the elegant designs.
The company exports vehicles to over 190 countries worldwide; needless to say that it had its hold over the world. It operates the largest integrated automobile producing facility on Korea’s southeast coast, Ulsan.
It has been rated 4 out of 5 in terms of annual repair cost as compared to its competitors. Hyundai holds a market capitalization of $34.02 billion and has a brand value worth $15.2 billion.
The annual revenue is $93.2 billion and the company produced around 4.9 million units last year. Some of the brands owned by this company are Kia, Genesis, Ioniq, etc.
Renault Group came from its original French name Groupe Renault headquartered in France. This multinational automobile company was founded in 1899. The company has produced a wide range of machinery along with cars, vans as well as engines. This company has manufactured auto rail vehicles, aircraft, aircraft engines, trucks, tractors, and buses.
In 2016, it was the ninth largest automaker in the world as per its production units. The company has done numerous joint ventures only to meet excellence. This car company manufactures cars that are laced with innovative mobility and reliable as per the customer’s needs. Renault promises maximum customer satisfaction over the dependency on their vehicles.
With low repair costs and affordable prices, Renault is a very popular car company. It is presently operational in 128 countries. Its market capitalization is $9.18 billion and its revenue is €46.21 billion.
This company was founded by Henry Ford in 1903. This is an American multinational car company headquartered in Michigan, the U.S. Formally known as Ford Motor Company are popular amongst consumers for their affordable yet fashionable vehicles with fuel efficiency.
Ford has worldwide operations selling and manufacturing sell automobiles and commercial vehicles. The brand value of this automobile company is $22.67 billion. The market capital hold is $59.18 with annual revenue of $127.1 billion.
It is a Japanese automobile company, headquartered in Tokyo, Japan. Apart from automobiles, this company manufactures motorcycles, aircraft as well as power equipment. This car company has been the largest car company since 1959. Honda’s cars are known to be fuel-efficient, reliable, and comfortable to drive.
Honda rules the global market with its superclass vehicles. Its brand value is $31.36 billion for this year with a market capital of $41.98 billion and annual revenue of $125.2 billion. Some of its subsidiaries are Acura, Honda, etc. The company produced 4.4 million units last year.
This company is one of the strongest and largest car companies for manufacturing aesthetic as well as innovative electric cars. Tesla, Inc. formerly known as Tesla Motors was founded in the year 2003 in California, U.S. Martin Eberhard, and Marc Tarpenning. In 2004, Elon Musk funded the company with the sum of $6.5 million making him the largest shareholder of the company as well as the chairman of the board of directors.
Tesla had seized 21% of the purely electric vehicle market and 14% of the plug-in hybrid market. The company’s name is a tribute to the engineer and inventor Nikola Tesla. Tesla is always in limelight for one reason or another.
Despite varied lawsuits, government scrutiny, and controversies through Elon Musk the CEO, the company holds a market capitalization of $950.54 billion. With an insane increase in the number of sales, the brand value of the car company is $31.98 billion and the annual revenue for this year is $53.8 billion.
The maker of famous brands like Mini, Rolls-Royce, etc, BMW is one of the largest car companies in the world. The brand acronym BMW stands for Bayerische Motoren Werke. The company was founded in the year 1916 and its headquarter is in Munich, Germany. It is one of the most reputed car companies around the globe.
They are known as the world-class manufacturers of premium cars and motorbikes. The company is over 100 years old yet the designs and performances are next levels. Quality and reliability are the two strong suits of this world-class car company. The brand value of this world-famous car company is $40.44 billion.
The market capital held by BMW is $48.95 billion. The company believes in excellence in whatever they do.
This is a new multinational auto manufacturing company that was a cross-border merger between Fiat Chrysler Automobile and the PSA Group formed in 2021. The headquarter is in Amsterdam, Netherlands. Despite being a newborn in the motor vehicle industry it does holds a strong mix of veterans.
It’s just been 20 months since its incorporation and it already earned the title of fifth largest automaker from global vehicle sales in 2021. This company is responsible for the design, manufacture, development, and sale of the brands like Alfa Romeo, Dodge, Fiat Professional, Maserati, Opel, Peugeot, Vauxhall, etc.
Presently is operating in over 130 countries with production facilities in almost 30 countries. Stellantis has a brand value of $42.2 billion. The market capital of this multinational car company is $42.35 billion with a revenue of $104.8 billion. The company has around 300,000 employees who helped produce over 6.2 million units last year.
The Top 3 Most Largest Car Companies are Below
This German automobile company is internationally known as Volkswagen AG or Volkswagen Group. The company was founded in 1946 in Berlin, Germany. Its headquarter is in Wolfsburg, Lower Saxony, Germany. This very company has business in around 150 countries and 27 countries with over 100 production facilities.
This year the company’s value has increased by $2 billion making the brand value $47.02 billion. The market capital of Volkswagen is $99.58 billion with $295.8 billion of revenue.
The company had birthed brands like Lamborghini, Porsche, Bugatti, Audi, Bentley, Skoda, etc. This company makes well-equipped, good-performance, comfort-friendly, and standard-priced vehicles.
2. Mercedes Benz
This Germany-based car company deals mostly in luxury vehicles and commercial vehicles. This car company operates through 93 factories in 17 different countries. The Mercedes Benz AG’s headquarter is in Stuttgart, Germany. This company was founded by Emil Jellinek and Paul Daimler in 1926.
The Mercedes Benz was formerly known as Daimler. The title Mercedes-Benz is a union of two names Mercedes Jellinek and Karl Benz. This company makes the most advanced, performance-oriented, and luxurious automobiles in the world. It is additionally at the cutting edge of numerous technological progress.
The other brands under this company are Mercedes Smart, Maybach, AMG, Freightliner, Western Star, Bharat Benz, Setra, etc. This car company holds a brand value of $58.2 billion, with a market capital of $66.57 billion and revenue of $182.5 billion.
However, this year the company’s net worth has dropped by $7 billion but it is still holding a strong second position this year.
Formally known as the Toyota Motor Corporation, it is a Japanese-origin automotive company. Founded by Kiichiro Toyoda and established on August 28, 1937. This car company produces over 10 million vehicles per year. It is known to be the largest car company in the world.
This world-famous automobile company is appreciated and believed for its high-quality and innovative cars, vans and trucks. Its long-term durability and resale value have set the standard worldwide. It has subsidiaries other than Toyota like Lexus, Scion, Daihatsu, Hino, etc. This company is currently ranked as No.1 among the World’s topmost car companies.
Toyota holds a brand value of $59.47 billion, with a market capital of $193.82 billion and overall revenue of $258.7 billion. This company holds the largest selling automobiles in the world.
Conclusion of The Largest Car Companies in the World
The overall ranking of the largest car companies is done based on the company’s competitive power in the global market. The popularity among the target consumers is also very important. Apart from all these the most important aspect of any business is finance.
If a company’s financial holdings are strong that shows the strength and standard of the company in the global market.
Here Are A Quick List Of The Top 15 largest car companies in the world
- Mercedes Benz
- General Motors
- SAIC Motors
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