generic 10 Biggest Car Companies in the World
In this article, we will look at the most prominent car companies in the world. You can skip our discussion on auto industry growth and go to the 5 Biggest Car Companies in the World.
Over the years, advances in vehicle technology and production have facilitated the development of the automobile industry into a thriving industry. By creating new employment opportunities, automakers have significantly improved the state of the world economy. However, given that this industry generates a lot of taxes and earnings with foreign currency, it is crucial in the market. To boost profits, many automakers worldwide produce a sizable number of vehicles. As of 2021, the production of cars and other motor vehicles was worth $82.6 billion in the US market.
The United States ranked second in the global automobile market with 8.8 million vehicles produced in 2020. By 2030, the worldwide automotive industry's revenue is expected to be close to $9 trillion.
In this article we listed some of the top car companies in the world. We selected these companies based on their market cap.
10. Nissan Motor
Market cap: $12B
Nissan Motor Corporation (TYO: 7201) is a popular carmaker founded in the Japanese city of Yokohama in 1933.
Since then, the business has developed into a global company with a significant presence on every continent. Nissan Motor (TYO: 7201) sells and manufactures vehicles like cars, buses, and trucks, in addition to other closely linked auto-products. The corporation has customers in over 160 distinct nations and manufacturing plants in 20 countries. Currently, it employs 134,111 people. Nissan Motor (TYO: 7201) operates several well-known international brands that create a wide range of goods. The company's popular, groundbreaking products include the super-efficient Nismo and the Nissan Leaf, which is entirely electric.
The corporation invests significantly in "green" technologies, such as hybrids, economic internal combustion engines, and clean diesel. The firm strongly emphasizes creating zero-emission vehicles like fuel cells and electric cars. Nissan (TYO: 7201) is renowned for its business practices that involve creating strategic collaborations.
9. Hyundai
Market cap: $27B
Hyundai (KRX: 005380) is a South Korean carmaker founded in 1967. The company's headquarters are in Seoul, South Korea.
Hyundai (KRX: 005380) works in the vehicle production and distribution industry, offers clients financial services like insurance and credit, and builds railroads. Hyundai (KRX: 005380) offers well-known vehicles in every market class, including SUVs, sedans, hatchbacks, and more, such as the Civic, i10 series, Accent, and Elantra. Around 75000 employees work for the organization globally.
8. Honda Motor
Market cap: $37B
Honda Motor (TYO: 7267) is a Japanese automotive multinational company having a global presence. They manufacture and sell cars, airplanes, and motorcycles and offer their clients financial services like insurance and loans. With 89 manufacturing facilities spread over 33 nations and sales in about 140 countries, Honda (TYO: 7267) employs 204,305 people worldwide. Honda's Civic and Accord are two of its most well-known vehicles, and they continue to dominate the market in North America with significant sales.
In 1959, the company opened a factory in America and named it American Honda Motor Co.
7. BMW
Market cap: $49B
The BMW Group (ETR:BMW), also known as Bayerische Motoren Werke Group, is one of the biggest producers of luxury cars and motorbikes and one of the most well-known automobile manufacturers in the world.
Additionally, the business is a premium provider of mobility and financial services. BMW (ETR: BMW) was founded in 1916 and is headquartered in Munich, Germany. It has grown to become an international business with more than 30 assembly and production sites spread across numerous nations and a worldwide sales network. More than 118,909 people are working for the corporation.
The core model of BMW (ETR:BMW) includes BMWi, which is an electric car having aerodynamics and a lightweight design. Other models include BMW M, having a sporty appeal and is a leader in motor-racing functionality.
In 1917, the company became the first to build an airplane engine with an aluminum piston. This company's robust culture is its greatest asset.
6. Ford Motor
Market cap: $47B
In 1919, the American multinational carmaker Ford Motor (NYSE:F) was established in Delaware. Ford Motor (NYSE:F) manufactures and services a comprehensive line of Ford electric vehicles, trucks, and cars, with around 183,000 employees globally. Ford Motors' automobile brands include Lincoln and Ford. In 2008, the company's rebound from the Great Recession was an example to follow. The corporation revitalized and restructured its operations to accomplish this feat. The business has achieved the distinction of being one of the US businesses with the most significant sales.
Since its establishment, Ford Motor (NYSE: F) has consistently been among the top auto companies in the world thanks to the introduction of numerous models, including the Lincoln Navigator, F-150, Focus Electric, EcoSport, and all-new Expedition and Fiesta.
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Disclosure: None. 10 Biggest Car Companies in the World is originally published on Insider Monkey.
