5 Most Valuable Car Companies in the World

2. Toyota Motor Corp (NYSE: TM)

Market cap: $215 billion

Ranking 2nd on our list of the 11 most valuable car companies in the world is Toyota Motor Corp. The company held 10.24% of the global automotive market in 2019 based on data from Statista. The Japanese automaker also ranked 2nd on Consumer Reports’ Auto Reliability Survey in 2020. The company builds solid, efficient, and reliable vehicles with established operations in Europe, North and South America, Asia, and the Middle East. 

Toyota recently announced a capital collaboration with Isuzu to build autonomous vehicles, such as small autonomous trucks, in which Toyota will claim a 4.6% interest in all issued Isuzu shares valued at $388 million as of the end of September 2021, while Isuzu plans to buy Toyota shares worth the same amount through a market acquisition. Toyota has formed a $72.5 million joint venture with SinoHytec Co., a Chinese fuel-cell manufacturer, to produce key systems for fuel-cell vehicles, mainly buses.

The company’s revenue in the first nine months of 2021 came in at $176.8 billion. Shares of TM increased 19% over the past twelve months.

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