5 Countries that Produce the Most Cars in the World

2. Japan

Total car production in 2021: 6,619,242

Total car production in 2020: 6,960,411

Japan is home to the company which reigned supreme in the automotive industry for decades in Toyota Motor Corporation (NYSE:TM), before being usurped by other companies. Even now, Toyota Motor Corporation (NYSE:TM) has a market cap of close to $200 billion and revenues exceeding $260 billion. Meanwhile, the second largest car company in Japan is Honda Motor Co., Ltd. (NYSE:HMC).