In this piece, we will take a look at the five largest automotive companies and suppliers in the world. If you want to learn more about the latest developments in the automotive industry, then check out 25 Largest Automotive Companies and Suppliers in the World.
5. Mercedes-Benz Group AG (ETR:MBG.DE)
Latest Market Capitalization: $85.16 billion
Mercedes-Benz Group AG (ETR:MBG.DE) is a car and van manufacturer headquartered in Stuttgart, Germany. The firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters. The tail end of March 2024 has been quite crucial for the firm, as it has seen Mercedes Benz launch its 2025 model of the G-Class vehicle lineup.
4. Hitachi, Ltd. (OTC:HTHIY)
Latest Market Capitalization: $85.72 billion
Hitachi, Ltd. (OTC:HTHIY) is a Japanese industrial conglomerate headquartered in Tokyo, Japan. The firm makes and sells a variety of car parts such as carburetors, ignition coils, fuel pumps, injectors, and others. Hitachi, Ltd. (OTC:HTHIY) is also making inroads in the electric vehicle industry, and it plans to run a large scale pilot project for charging electric vehicles in California.
3. Stellantis N.V. (NYSE:STLA)
Latest Market Capitalization: $87.27 billion
Stellantis N.V. (NYSE:STLA) is one of the biggest car manufacturers in the world. Its brand portfolio includes a variety of well known brands such as Alfa Romeo, Fiat, Chrysler, Jeep, and Dodge. The shares are rated Buy on average, and the average share price target is $29.08.
By the end of last year’s fourth quarter, 33 out of the 933 hedge funds covered by Insider Monkey’s database had bought and owned Stellantis N.V. (NYSE:STLA)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the firm’s biggest investor due to its $1.1 billion stake.
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2. Contemporary Amperex Technology Co., Limited (SHE:300750.SZ)
Latest Market Capitalization: $114.9 billion
Contemporary Amperex Technology Co., Limited (SHE:300750.SZ) is a Chinese company headquartered in Ningde, China. It is one of the most important firms in the electric vehicle supply chain due to its battery supply chain. Media reports suggest that CATL is aiming to increase its presence in the U.S. by opening a new battery manufacturing plant in partnership with Tesla. It is also one of Tesla’s biggest battery suppliers.
1. Tesla, Inc. (NASDAQ:TSLA)
Latest Market Capitalization: $572.72 billion
Tesla, Inc. (NASDAQ:TSLA) is the biggest and most well known electric vehicle manufacturer in the world. Turbulence in its stock that has sent the shares tumbling this year has also caught Wall Street’s attention, with Citi cutting the share price target to $196 from $224 in March 2024 along with a downward revision of delivery estimates.
During last year’s fourth quarter, 82 out of the 933 hedge funds part of Insider Monkey’s database were Tesla, Inc. (NASDAQ:TSLA)’s shareholders. Philippe Laffont’s Coatue Management owned the biggest stake which was worth $1 billion.
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Disclosure: None. You can also take a look at 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts and 20 Largest Companies in the World by Market Cap in 2024.
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