5 Most Valuable Electric Car Companies in the World

In this article, we will discuss the 5 most valuable electric car companies in the world. If you want to read our analysis, you can proceed to the section highlighting the 20 Most Valuable Electric Car Companies in the World.

5. Bayerische Motoren Werke AG (OTC:BMWYY)

Market Capitalization: $72.47 Billion    

Bayerische Motoren Werke AG (OTC:BMWYY) has an appealing model lineup. It has long been a leader in the premium segment. Bayerische Motoren Werke AG’s (OTC:BMWYY) Q4 2023 Earnings will be released on March 20, 2024, but they reported sales of 93,931 electric vehicles in Q3 2023. As of February 20, 2024, it has a market cap of $72.47 billion.

4. Mercedes-Benz Group AG (OTC:MBGAF)

Market Capitalization: $77.94 Billion     

Mercedes-Benz Group AG (OTC:MBGAF) is a premier luxury automotive brand known for its innovative craftsmanship and iconic design. In Q4 2023, Mercedes-Benz Group AG (OTC:MBGAF) revealed the all-electric EQS SUV variant in the U.S. market. Electric vehicles were a booster for Mercedes-Benz Group AG (OTC:MBGAF), selling 222,600 fully electric passenger cars in 2023, with a 73% growth year-on-year. The EQE Sedan alone saw an impressive 120% increase globally. As of February 20, Mercedes-Benz Group AG (OTC:MBGAF) has a market cap of $77.94 billion.

3. Stellantis N.V. (NYSE:STLA)

Market Capitalization: $77.66 Billion  

Stellantis N.V. (NYSE:STLA) owns a range of vehicle brands, including Jeep, Alfa Romeo, Chrysler, Abarth, Dodge, Fiat, Citroën, DS, Peugeot, Opel, Ram, and Vauxhall. The company is actively expanding its electric vehicle portfolio. While specific figures for Stellantis’ electric vehicle sales are unavailable, the company announced a 21% increase in global electric vehicle sales in 2023. As of February 20, 2024, Stellantis N.V. (NYSE:STLA) has a market cap of $77.66 billion.

2. Toyota Motor Corporation (NYSE:TM)

Market Capitalization: $306.96 Billion   

Toyota Motor Corporation (NYSE:TM) is one of the world’s largest automobile manufacturers, producing 10 million vehicles annually. On February 6, 2024, Toyota Motor Corporation (NYSE:TM) announced an additional $1.3 billion investment into its Kentucky plant, aiming to produce 250,000 electric vehicles in 2024. It has a market cap of  $306.96 billion as of February 20, 2024. By 2030, the company aims to  sell 3.5 million electric vehicles globally.

1. Tesla, Inc. (NASDAQ:TSLA)

Market Capitalization: $618.32 Billion    

Tesla Inc. (NASDAQ:TSLA) is a pioneer in the electric vehicle industry, securing the top spot as the world’s most valuable electric car company. As of February 20, 2024, Tesla, Inc. (NASDAQ:TSLA) has a market cap of $618.32 billion and is the most valuable electric car company despite having a rough time lately. Tesla, Inc.’s (NASDAQ:TSLA) dominance in batteries and software puts it in a strong fundamental position.

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