5 Countries that Produce the Most Cars in the World

4. South Korea

Total car production in 2021: 3,162,727

Total car production in 2020: 3,211,706

Hyundai Motor is the largest car company in South Korea, while KIA Corporation is the second largest. Currently, one of the issues South Korea is grappling with is higher exports from China, which has resulted in higher competition for South Korean car companies. Carmakers currently believe that the government can boost the local car industry by signing new trade deals and incentivizing investment as well.