5 Biggest Electric Vehicle Companies in the World

In this piece, we will take a look at the five biggest electric vehicle companies in the world. For more companies, head on over to 20 Biggest Electric Vehicle Companies in the World.

5. Lucid Group, Inc. (NASDAQ:LCID)

Market Capitalization as of November 12, 2022: $21.69 billion

Lucid Group, Inc. (NASDAQ:LCID) is an American company that designs, manufactures, and sells electric vehicles. The firm also makes and sells powertrains and battery systems. It is headquartered in Newark, California, the United States.

Lucid Group, Inc. (NASDAQ:LCID) has the backing of Saudi Arabia’s sovereign wealth fund, and it announced in November 2022 that it had signed a deal with an associate of the fund for an additional $915 million in financing. This will prove crucial to the company as it scales up its production. Lucid Group, Inc. (NASDAQ:LCID) is currently worth $21.69 billion on the stock market.