The largest automakers in the world by market capitalization will be discussed. We gain some knowledge about these automotive giants and why they are at the forefront of the global automobile sector in the process. In the automobile industry, these businesses—which range from luxury sports car producers to electric vehicle pioneers—represent the highest levels of performance, innovation, and quality.
The world’s top 10 car companies
See the top 10 car companies worldwide by market capitalization as of December 19, 2024.
| Rank & Car Company | Market cap (in USD) | Units sold globally in 2023 |
|---|---|---|
| #1 Tesla | $1.412 bln | 1,808,581 |
| #2 Toyota | $232.78 bln | 11,230,000 |
| #3 BYD | $108.98 bln | 3,000,000 |
| #4 Xiaomi | $99.47 bln | NA |
| #5 Ferrari | $78.10 bln | 13,663 |
| #6 Mercedes-Benz | $59.90 bln | 17,408 |
| #7 Porsche | $56.51 bln | 320,221 |
| #8 General Motors | $54.96 bln | 6,188,476 |
| #9 BMW | $50.12 bln | 2,555,341 |
| #10 Volkswagen | $46.01 bln | 9,239,575 |
It’s time to learn more about the world’s leading car companies.
1. Tesla
- Elon Musk is the Founder of Tesla.
- Headquarters: Austin, US
Elon Musk launched Tesla, a company that has transformed the automotive sector with a variety of electric cars and renewable energy sources. In addition to producing well-known models like the Model S, Model 3, Model X, and Model Y, Tesla is renowned for its innovative technology, which includes advancements in autonomous driving and battery technology.
2. Toyota
- Kōji Satō is the CEO.
- Headquarters: Japan’s Toyota City
In the automotive industry, Toyota is a byword for reliability and efficacy. Toyota, one of the biggest automakers in the world, manufactures a variety of vehicles, from tough trucks like the Tacoma to fuel-efficient hybrids like the Prius. Toyota continues to influence the direction of mobility with its dedication to quality and innovation.
3. BYD
- Wang Chuanfu is the CEO.
- Headquarters: Guangdong, China’s Shenzhen
A well-known Chinese automaker with a focus on electric cars, batteries, and renewable energy sources is BYD (Build Your Dreams). BYD is dedicated to ensuring that everyone has access to electric vehicles, with a particular focus on sustainability. BYD is spearheading the shift to a more environmentally friendly future with its electric vehicles, buses, and energy storage systems.
4. Xiaomi
- Lei Jun is the CEO.
- Headquarters: China’s Beijing
China’s Xiaomi Automobile Co Ltd, often known as Xiaomi Auto, has grown rapidly to become one of the biggest automakers in the nation as a result of electric vehicles gaining popularity across the globe. With an initial investment of 10 billion Chinese yuan, Xiaomi Auto, one of the newest brands on the market, was established. Xiaomi Auto provides the Xiaomi SU7, a full-size BEV vehicle, leveraging the experience of its parent firm, Xiaomi, a consumer electronics manufacturer. The Xiaomi MX11, an electric SUV, will be released soon.
5. Ferrari
- Benedetto Vigna is the CEO.
- Headquarters: Maranello, Emilia-Romagna, Italy
In the world of cars, Ferrari is a byword for exclusivity, performance, and passion. Ferrari is the epitome of Italian automotive artistry and the maker of legendary supercars and racing icons. Ferrari continues to enthrall fans all over the world with its racing heritage and dedication to unwavering quality.
6. Mercedes-Benz
- Ola Källenius is the CEO
- Headquarters: Germany’s Stuttgart
Mercedes-Benz is a byword for elegance, fine craftsmanship, and cutting-edge technology. Mercedes-Benz automobiles are the epitome of luxury and engineering prowess, ranging from sophisticated sedans to potent SUVs and high-performance AMG versions. Mercedes-Benz has been setting the bar for automotive luxury for more than a century.
7. Porsche
- Oliver Blume is the CEO.
- Headquarters: Germany’s Stuttgart
Porsche is well known for producing opulent, fast sports vehicles that are the pinnacle of automotive engineering and design. Porsche automobiles, such as the renowned 911 and the Cayenne SUV, combine precision and power to provide an exciting driving experience. Porsche, a member of the Volkswagen Group, keeps pushing the limits of automotive excellence.
8. General Motors
- Mary Barra is the CEO.
- Headquarters: United States, Detroit
General Motors was founded by William C. Durant on September 16, 1908. At the time, Durant was the biggest supplier of horse-drawn automobiles, and GM was established as a holding company for its initial purchase of the Buick brand. The automaker is well-known for brands like Buick, Cadillac, GMC, and Chevrolet. The present business was established upon General Motors’ 2009 Chapter 11 bankruptcy recognition. Currently, the corporation works with NASA to research EVs and produces automobiles for the US military and government.
9. BMW
- Oliver Zipse is the CEO.
- Headquarters: Germany’s Munich, Bavaria
BMW (Bayerische Motoren Werke) is well known for producing high-end automobiles that seamlessly blend performance, luxury, and innovation. BMW has a broad selection of vehicles to suit a variety of tastes, from fast sedans like the 3 Series to sophisticated SUVs like the X5. BMW sets the bar for driving excellence with its emphasis on driving enjoyment and modern technology.
10. Volkswagen
- Oliver Blume is the CEO.
- Headquarters: Lower Saxony, Germany’s Wolfsburg
One of the biggest automakers in the world is Volkswagen. It is renowned for its dedication to innovation, safety, and quality. Volkswagen has a wide variety of automobiles under brands like Audi, Porsche, and Volkswagen, so there is something for every kind of driver. Volkswagen continues to influence the direction of mobility as a pioneer in sustainable and electric cars.
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