World’s 10 Best Automobile Companies
The automobile sector has escalated over the years into a seasoned and well-established industry. The Innovations and manufacturing of the vehicles have helped the automotive industry to bloom into a profitable market. Automobile companies have contributed significantly to the development of the world’s economy by creating new job opportunities. On the other hand, it also plays an important role in the market because this industry has a lot of taxes and earnings with a big foreign exchange. Several automobile manufacturing companies in the world manufacture vehicles in a large quantity to gain higher revenues.
Hence, the automobile sector is one of the most important sectors in the economy of the world. In this industry, billions of dollars are generated on an annual basis throughout the globe.
Apart from that, the automobile companies are considered on some rank higher than the others in the market when they placed on the scale. We bring you a list of top 10 best automobile companies in the world. These companies are rated according to their market value of capitalization, and popularity.
Before we start further, it is worth saying that there are almost 1.015 billion automobiles in use today. These automobile products are made up of cars, trucks, buses, heavy-duty trucks. Let’s take a look at the world’s top 10 companies in the automotive world.
Volvo has a market capitalization of $53.01 billion
The Volvo Group is a Swedish multinational manufacturing firm that is headquartered in Gothenburg. It is more into production, distribution as well as dealing with the sale of trucks, buses and equipment that are for construction, etc. Volvo also supplies marine along with industrial drive systems and financial services.
Hyundai has a market capitalization of $54.27 billion
Hyundai Motor Company, which is headquartered in Seoul, is a South Korean multinational automotive manufacturer. The company is known for designing and manufacturing passenger cars, trucks, and commercial vehicles. The company operates the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea.
8. BMW group
BMW Group, have a market capitalization of $55.64 billion.
Founded in Munich, Germany in 1916, BMW (Bayerische Motoren Werke AG) has slipped a few spots in the list of the world’s top automakers in the past years. They have their manufacturing units in almost 14 countries across the globe.
Besides, the company also acts as the provider of premium financial (Lowest Charges) and mobility services. Since, its inception in the year 1916, BMW has evolved itself as a truly global company with 30+ production and assembly facilities in many countries and a global sales network for other services. The company’s total employee strength is 120,000+ out of which around 90 percent of the employees are in the automobile segment and others are part of financial & mobility services.
Famous Models: BMW group owns Mini Cooper, Rolls-Royce, BMW I, BMW X models as best selling cars by them.
7. Daimler AG
Daimler AG has a market capitalization of $76.44 billion
Daimler shares have been steadily slumping for over four years. Over that time, the stock has lost more than 50% of its value. On the other hand, this caused Daimler AG to slip a spot in the rankings, even as 2018 shaped up to be its straight record year.
The company has a strong presence through Mercedes-Benz passenger vehicles, Daimler Trucks, Vans, Buses and Financial Services the company has its global presence in multiple domains. The company Daimler AG’s
Mercedes-Benz is also a specialist in all-terrain four-wheel drive brands. Daimler also performed exceedingly well in the electric cars segment as a total of 136,000 electric smart models were sold worldwide. Mercedes-Benz Cars by them also sets an unprecedented series of records of increasing its unit sales every month for more than four years. Hereby, it is one of the world’s top 10 automobile companies with its 3rd position in the top car brands list.
Famous Models: The passenger car division of Daimler AG is Mercedes, which sold a total of more than 2.4 million Mercedes-Benz as a top-selling model by Daimler.
6. General Motors
GM has its market capitalization of $79.29 billion.
General Motors was founded in the year 1908 by the owner of Buick automobile manufacturer, Williams Buick. With its global headquarter in Detroit, USA, the company operates on five continents across many countries. It has over 12,000 dealers selling in over 125 countries.
General Motors was the first manufacturer company in North America to build a test facility just to test rollovers of the cars.
The company offers vehicles ranging from electric cars to heavy-duty full-size trucks that talk volumes about the firm’s global reach. The company has shown a remarkable performance in the previous year. In the year 2017, the company delivered almost 9 million vehicles globally through its dealers which counts to over 12,450 selling vehicles in 125 different countries around the world.
The company has had the achievement of being one of the companies having the highest sales in the automobile industry in the US.
Famous Models: The company has also launched multiple models the previous year which includes well-known brands like Chevrolet, Cadillac, and GMC in their portfolio.
NIO has a market capitalization of $96.57 billion
NIO is a Chinese automobile manufacturer, which is headquartered in Shanghai. It is specialized in designing as well as developing electric vehicles. The car company is also involved in the FIA Formula E Championship, which is the first single-seater, all-electric racing series.
BYD has a market capitalization of $98.09 billion
With its corporate headquarters in Shenzhen, Build Your Dreams is a Chinese manufacturer of vehicles, buses, battery-powered bicycles, solar panels, forklifts, rechargeable batteries, trucks, etc. BYD has fully-fledged to become a major manufacturer of automobiles along with most notably mobile-phone batteries.
VW(Volkswagen) has a market capitalization of $104.74 billion.
Volkswagen had sold over 10 million vehicles in the year 2017 and it was founded in 1937. The group consists of two divisions in business: the automotive divisions and the financial services divisions in the market. The automotive divisions by Volkswagenfurther comprise of the passenger cars, the heavy commercial vehicles, and the Power Engineering business areas in automation.
The vision of Volkswagen passenger cars is “Moving people and driving them forward with ease”. The Group has a reputation for owning big car names like Volkswagen Passenger Cars, Audi, SEAT, Skoda, etc. In the year 2017, the company achieved a new record by delivering overall 1.07 crores vehicles worldwide in so many nations. With its employee strength of around 6,42,300, the group is one of the largest employers in the automotive private sector and one of the world’s top car brands across the globe.
Famous Models: The overall rise in the success of the Volkswagen Group expanded best selling models like Volkswagen T-Cross and Skoda Kamiq.
2. Toyota Motors
Toyota Motor Corporation has a market capitalization of $204.38 billion.
Toyota Motor invested $1 million every hour for the research and development within their company. With its headquarter in Aichi, Japan, the company has grown to become the world’s fifth-largest firm in terms of revenue. The company operates through more than 50 overseas manufacturing plants spread over 30 countries and regions of the world. This covers all the broad regions of the world including North America, Latin America, Africa, Asia-Oceania and Europe. The company has reached 75 years since inception very recently.
Toyota Motor Corporation is the largest automobile company in the world. It is almost four times bigger business than Tesla. Toyota was named after its founder, Toyoda.
They have received an award for being the vehicle to last the longest. Toyota went to America in 1957 and it has created over 300, 000 jobs in the united states alone.
Famous Models: The bestselling vehicle till the late is Toyota Corolla by the Toyota Motor Corporation.
1. Tesla, Inc.
Tesla’s market capitalization is around $802.53 billion
It was founded in the year 2003 by a group of engineers (Martin Eberhard and Marc Tarpenning) and Serbian American inventor Nikola Tesla.
Although the electric car manufacturer Tesla has lost $9 billion in market value since May 2018, it didn’t move up or down in the list of world rankings of the biggest car companies.
Tesla is maintaining its position as the eighth-most valuable automaker worldwide. Tesla’s engineer and technology entrepreneur CEO Elon Musk, though brilliant and bold moves in the market, has also proven an erratic and unreliable approach to its success.
Famous Models: Model 3 by Tesla has become the world’s best-selling all-electric vehicle model.