12 Biggest EV Stocks In the World Heading into 2025

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9. Honda Motor Co., Ltd. (NYSE:HMC)

Number of Hedge Fund Holders: 11

Market Capitalization: $44.46 Billion

Honda Motor Co., Ltd. (NYSE:HMC) is a Japanese company that designs and manufactures motorcycles, cars, power products, and other items. It operates in four segments: motorcycles, automobiles, financial services, and power products, including engines and HondaJet aircraft. The company also provides after-sales services.

While Honda Motor (NYSE:HMC) is expanding its EV operations, it still has a lot to catch up and is far off from cracking the top 10 companies in terms of EVs sold. However, the company is in talks with Nissan to merge by 2026, aiming to create the world’s third-largest auto group by sales, as reported by Reuters. This merger is seen as a response to the rising competition from Chinese electric vehicle makers like BYD and Tesla. The company announced signing a memorandum of understanding (MOU) to explore a potential business integration through the establishment of a joint holding company on December 23.

The collaboration aims to improve their competitiveness in the rapidly changing automotive industry, focusing on electric vehicles and vehicle intelligence. The companies expect synergies in areas such as vehicle platform standardization, R&D integration, manufacturing optimization, and purchasing functions, aiming for a global sales revenue exceeding 30 trillion yen (1 yen = US$0.0063). The integration is expected to be completed by August 2026, with both companies becoming subsidiaries of the new holding company.

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