5 Most Valuable Car Companies in the World

3. Volkswagen AG (OTCMKTS: VLKAF)

Market cap: $161.8 billion

Ranking 3rd in our list of the 11 most valuable car companies in the world is Volkswagen. Car and motorcycle manufacturer Volkswagen is one of the most popular auto manufacturers that owns major brands like Audi, Bentley, Lamborghini, Porsche, Bugatti, and Ducati. Volkswagen jumped into the EV manufacturing scene in 2019 where the company started mass production of its electric car. The company is fully-devoted to pivot to the EV market in the US. Recently, it accidentally posted a press release prematurely unfolding the company’s new name, “Voltswagen of America”. 

The company’s revenue in the fourth quarter of 2020 came in at $79 billion, up 2.1% from the same period in 2019. Volkswagen’s vehicle sales dropped 16.4% to 9.16 million units, while customer deliveries fell 15.2% to 9.31 million units. But the company’s EV segment capped off 2020 with 231,600 deliveries of battery-electric vehicles. Shares of VLKAF 177% over the past twelve months.