12 Biggest EV Stocks In the World Heading into 2025

6. Mercedes-Benz Group AG (OTCPK:MBGAF)

Number of Hedge Fund Holders: N/A

Market Capitalization: $53.54 Billion

Mercedes-Benz Group AG (OTC:MBGAF) is a German automotive company that operates globally through its Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility divisions. It designs, manufactures, and sells cars and vans under brands like Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class, and related parts and accessories. The company also offers financing, leasing, fleet management, insurance services, and digital solutions for charging and payments.

While Mercedes-Benz faced challenges due to product transitions, particularly with the G-Class, and a subdued EV market, leading to a 15% drop in electrified vehicle sales, its plug-in hybrid sales rose by 10%, especially in the US in Q3. In 2024, EVs, including BEVs and plug-in hybrids, are anticipated to account for 18% to 19% of the company’s total vehicle sales. By EV sales volume, Mercedes-Benz takes one of the top 10 spots with nearly 277,600 sales in the first 9 months of 2024, as per EV Volumes.

For the future, the company’s CFO, Harald Wilhelm said that while Mercedes-Benz continues to prioritize achieving European CO2 targets through increased xEV adoption, BEV demand in Europe has been weaker than expected by regulators and manufacturers. Despite this, the company is committed to expanding xEV offerings, including plug-in hybrids, which currently align better with market demand.

Wilhelm outlined key elements of the upcoming EV product lineup. The CLA, based on the MMA platform, will launch in 2025, introducing advancements in software, powertrain, range, and Level 2+ ADAS. By 2026, midsize EVs like the electric C-Class and GLC will follow, alongside AMG’s high-performance electric models featuring the YASA engine. Wilhelm also mentioned significant midlife updates for models like the GLE and S-Class in 2026.