Himanshi
If you are on the hunt for the list of the largest automakers in the world as per market capitalization, then you will see Tesla, the one which we all know on the top rank, but do you know who comes next to Tesla in that list? Hence, below is the list of the top ten automakers in the global market based on market capitalization.
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Largest Automakers In The World/ Biggest Car Companies
Tesla:max_bytes(150000):strip_icc()/GettyImages-1494888410-c8b4c4bc55814f31bc437713b8467636.jpg)
Market Capital: $272.53 Billion
Founder: Elon Musk
Headquarters: Austin, US
Tesla, the company that was founded by Elon Musk, is now ruffling the car industry with electric cars and green energy solutions. The brand’s name is associated with cool tech things. It offers the following conventional models: Model S, Model 3, Model X, and Model Y, among others. With these business segments, the company is involved in the invention of improving batteries and automobiles with autonomous capabilities.
The more literal meaning is that the origin and the name of the company are named after Nikola Tesla, an American inventor. It was established in the year 2003 by two Americans; Martin Eberhard together with Marc Tarpenning. The first electric vehicle produced by Tesla was launched in 2008, and it was known as the Roadster Model.
Toyota
Market Capital: $277.96 Billion
CEO: Kōji Satō
Headquarters: Toyota City, Japan
Toyota is a big deal in the car world and is known for making challenging, reliable vehicles. They’re one of the top car companies, with a wide range of options. You’ll find everything from fuel-efficient hybrids like the Prius to rugged trucks like the Tacoma in their lineup.
The brand has always been trying to improve quality and come up with new ideas, which help shape the future of transportation. Here’s something you might not know: Toyota Motor Corporation is part of the more prominent Toyota Group and is a division of Toyoda Automatic Loom Works Ltd, which Toyoda Kiichiro started in 1933. In 2008, it became the world’s largest car brand and manufacturer. They launched their first model, the AA Sedan, way back in 1936.
BYD
Market Capital: $92.47 Billion
CEO: Wang Chuanfu
Headquarters: Shenzhen, Guangdong, China
BYD, which is commonly known as and is an acronym for Build Your Dreams, is a Chinese company that has influenced electric cars, batteries, and clean energy. The focus is on making electric cars environmentally friendly and ensuring that citizens have affordable means of transport.
The brand is not restricted to manufacturing electric cars and buses but also searches for methods of storing energy. It’s all an attempt to influence society in what they consider to be environmentally correct modes of existence. A man began BYD in 1995 as a producer of batteries. By the year 2003, they ventured into the car business.
Mercedes- Benz
Market Capital: $75.05 Billion
CEO: Ola Källenius
Headquarters: Stuttgart, Germany
This concept means the Mercedes-Benz is related to luxury, good craftsmanship, and advanced technologies. From luxurious class four door cars to muscular utilitarian Sports Utility Vehicles to spritely cars for performance cars division AMG, Mercedes-Benz exhibits style and best in class manufacturing. Since its initiation in 1902, Mercedes-Benz has remained in the vanguard of luxury vehicles’vehicles manufacture.
It is a German based luxury as well as commercial vehicle car manufacturing company that was founded in 1926. At present, the brand itself has a grand history of more than 130 years. It started as one of the Daimler Motoren Gesellschaft companies, abbreviated as DMG, which started in Stuttgart, Germany. The brand was formed by Gottlieb Daimler, Emil Jellinek, Wilhelm Maybach and Karl Benz.
Ferrari
Market Capital: $74.49 Billion
CEO: Benedetto Vigna
Headquarters: Maranello, Emilia-Romagna, Italy
Ferrari is a brand that reflects passion, speed, and being exceptional in the car world. This brand is known for making famous supercars and racing legends and shows the best of Italian car-making. With a history in racing and always making the best stuff, it keeps car lovers excited all over the world. Enzo Ferrari (born February 18, 1898, was an Italian guy who made cars, designed them, and raced them too. These cars have often ruled the world of racing in the latter part of the 1900s.
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Porsche
Market Capital: $67.88 Billion
CEO: Oliver Blume
Headquarters: Stuttgart, Germany
Porsche is famous for its fancy and super-fast sports cars, which are top-notch in car engineering and design. From the well-known 911 to the Cayenne SUV, Porsche cars mix power and accuracy, giving drivers an exciting ride. As part of the Volkswagen Group, it keeps pushing the limits that are prevalent on what cars can do. Ferdinand Porsche started his engineering office in 1931. He worked until he died in 1951.
This super creative mechanic is used to design electric cars and racing cars. He was also the main guy who came up with new stuff at Daimler-Benz. He set up the groundwork for the big company that would later have his name. The brand was good at what it did and had a significant impact on the car world.
BMW
Market Capital: $59.24 Billion
CEO: Oliver Zipse
Headquarters: Munich, Bavaria, Germany
BMW stands for Bayerische Motoren Werke and is well-known for its high-end cars that blend luxury, speed, and new ideas. From zippy sedans like the 3 Series to classy SUVs like the X5, BMW has lots of different cars to make many people happy. It focuses on making driving fun and using the latest tech, setting the bar for excellent driving. BMW Group’s story started with Karl Rapp & Gustav Otto. The brand began in 1916 and has been among the topmost in the field since then.
Volkswagen
Market Capital: $59.24 Billion
CEO: Oliver Blume
Headquarters: Wolfsburg, Lower Saxony, Germany
Volkswagen stands tall as one of the biggest car makers. People know it to make good, safe, and new kinds of cars. It has lots of different types of vehicles under various names, like Volkswagen, Audi, and Porsche, so there’s something for everyone who drives. Volkswagen is also big on electric cars and green ways to get around, which helps shape how we’ll move in the future.
Stellantis
Market Capital: $58.83 Billion
CEO: Carlos Tavares
Headquarters: Hoofddorp, Netherlands
Stellantis came from two big car companies joining up: Fiat Chrysler and PSA Group. Now, it’s a top car maker worldwide, offering lots of different brands. You’ve got famous American ones like Jeep and Ram, and then you’ve got European favourites like Peugeot and Citroën. Stellantis has all sorts of cars to fit what people want all over the world.
General Motors
Market Capital:$ 53.54 Billion
CEO: Mary Barra
Headquarters: Detroit, US
William C Durant set up General Motors on September 16, 1908. At that time, Durant was the biggest seller of vehicles pulled by horses. GM started as a company to hold its first purchase of the Buick brand. People know the car company for brands like Chevrolet, GMC, Cadillac, and Buick. These days, the company also builds vehicles for the US government and army. It’s also working with NASA to create EVs.
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