In this article, we will look at the 5 biggest car companies in the world. To see our analysis of the automaker industry and read about some more auto companies, go to the 10 Biggest Car Companies in the World.
5. General Motors
Market Cap: $48B
Founded in 1908, General Motors (NYSE: GM) is a major global manufacturer of automobiles.
The corporation operates across five continents and in several countries, with its headquarters in Detroit, USA. General Motors (NYSE: GM) has a very varied and committed team, with 157,000 employees representing more than 70 ethnicities. GMC, Buick, Cadillac, Baojun, Holden, Jiefang, and Wuling are just a few of General Motors’ eight well-known, recognizable brands worldwide.
4. Volkswagen Group
Market cap: $82B
One of the greatest manufacturers in the world, Volkswagen Group (ETR: VOW3) is based in Wolfsburg, Germany.
The company is divided into two divisions: the financial services sector and the automotive sector. The Power engineering commercial areas, commercial vehicles, and passenger automobiles are also included in the automotive sectors.
The company is known for owning well-known auto brands, including Skoda, Volkswagen Passenger Cars, SEAT, Audi, etc.
3. SAIC Motor
Market cap: CNY 166B
According to the Fortune 500 World ranking, SAIC Motor is the biggest Chinese carmaker.
Due to its consistently growing business, the firm has made it to the exclusive list for the twelfth time. SAIC (SHA: 600104) has its headquarters in Shanghai, China but conducts business worldwide. The company’s core business includes vehicles, auto service and trade, components, and financing. China’s vehicle market has been dominated by SAIC Motor (SHA: 600104) since 2006. The business is building an automobile and auto-parts park in Indonesia and operating a modern SAIC facility in Thailand.
2. Toyota Motors
Market cap: $184B
The biggest automaker in the world is Toyota Motor Corporation (TYO: 7203). It is a globally active Japanese multinational corporation. The company has its headquarters located in Aichi, Japan. Over 50 international manufacturing facilities support the company’s operations in 30 different nations and regions.
Toyota’s introduction of the “Integrated Safety Management Concept” demonstrates its dedication to safety. By combining each system, the program enables the driver at every step of driving (rescue, parking, pre-collision safety, active safety, and passive safety).
1. Tesla Inc
Market cap: $649B
Tesla (NASDAQ: TSLA) is one of the leading automakers worldwide. Martin Eberhard, Elon Musk, Marc Tarpenning, and Ian Wright established this well-known automaker in Palo Alto, California, in the year 2003.
The leading automobile manufacturer is active in battery power storage, solar energy production, and automotive industries. With more than 99,290 employees worldwide, its car product line includes the Tesla Model S, Model 3, Model Y, and Model X.
Tesla (NASDAQ: TSLA) manufactured 3,022 MWh of batteries, 509,737 cars, and 205 MW of solar energy in 2020. The market leader had the highest global sales in both sectors (battery-electric and plug-in markets) in 2020.
