In this article, we are going to list the 5 most valuable car companies in the world. To read our detailed analysis of the global automotive industry, please go to the 11 Most Valuable Car Companies in the World.
5. General Motors Corp (NYSE: GM)
Market cap: $81.4 billion
General Motors Corp ranks 5th on the list of 11 most valuable car companies in the world. Headquartered in Detroit, GM is one of the leading manufacturers of cars, crossovers, trucks, and automobile parts domestically and internationally with brands including Cadillac, Chevrolet, Buick, and GMC. In 2020, the American car manufacturer held a significant 17.3% share of the US automobile market.
The company’s revenue in 2020 was $122.5 billion. The stock has gained 162.4% over the past twelve months.
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4. Daimler AG ADR (OTCMKTS: DMLRY)
Market cap: $92.3 billion
Ranking 4th on the list of the most valuable companies in the world is Daimler AG. The German automobile manufacturer is one of the most successful producers of luxury cars and trucks under the brands of Mercedes-Benz, Fuso, Sterling, Freightliner, and Maybach. The first automobile powered by an internal combustion engine was developed in 1886 by Mercedes-Benz formerly known as Daimler-Benz. Daimler revealed in 2019 that it would spend more than $570 million over the next decade to commercialize autonomous trucks.
The company’s revenue in 2020 came in at $181 billion with the Mercedes-Benz brand contributing $115 billion to the total revenue. Shares of DMLRY increased 189.9% over the past twelve months.
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3. Volkswagen AG (OTCMKTS: VLKAF)
Market cap: $161.8 billion
Ranking 3rd in our list of the 11 most valuable car companies in the world is Volkswagen. Car and motorcycle manufacturer Volkswagen is one of the most popular auto manufacturers that owns major brands like Audi, Bentley, Lamborghini, Porsche, Bugatti, and Ducati. Volkswagen jumped into the EV manufacturing scene in 2019 where the company started mass production of its electric car. The company is fully-devoted to pivot to the EV market in the US. Recently, it accidentally posted a press release prematurely unfolding the company’s new name, “Voltswagen of America”.
The company’s revenue in the fourth quarter of 2020 came in at $79 billion, up 2.1% from the same period in 2019. Volkswagen’s vehicle sales dropped 16.4% to 9.16 million units, while customer deliveries fell 15.2% to 9.31 million units. But the company’s EV segment capped off 2020 with 231,600 deliveries of battery-electric vehicles. Shares of VLKAF 177% over the past twelve months.
2. Toyota Motor Corp (NYSE: TM)
Market cap: $215 billion
Ranking 2nd on our list of the 11 most valuable car companies in the world is Toyota Motor Corp. The company held 10.24% of the global automotive market in 2019 based on data from Statista. The Japanese automaker also ranked 2nd on Consumer Reports’ Auto Reliability Survey in 2020. The company builds solid, efficient, and reliable vehicles with established operations in Europe, North and South America, Asia, and the Middle East.
Toyota recently announced a capital collaboration with Isuzu to build autonomous vehicles, such as small autonomous trucks, in which Toyota will claim a 4.6% interest in all issued Isuzu shares valued at $388 million as of the end of September 2021, while Isuzu plans to buy Toyota shares worth the same amount through a market acquisition. Toyota has formed a $72.5 million joint venture with SinoHytec Co., a Chinese fuel-cell manufacturer, to produce key systems for fuel-cell vehicles, mainly buses.
The company’s revenue in the first nine months of 2021 came in at $176.8 billion. Shares of TM increased 19% over the past twelve months.
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1. Tesla Inc. (NASDAQ: TSLA)
Market cap: $593.8 billion
Topping the list of the 11 most valuable car companies in the world is American electric vehicle company Tesla Inc. Tesla has been one of the fastest-growing companies during the pandemic, delivering almost half a million electric vehicles in 2020. The company’s market share dropped to 69% in February 2021, according to a Morgan Stanley study, as Ford (NYSE: F) enters the scene with the new all-electric Ford Mustang Mach-E. Tesla also provides battery solutions such as “Powerwall” for homes and offices in addition to manufacturing electric vehicles.
Elon Musk recently confirmed on Twitter that the company would accept Bitcoin as payment for electric vehicles in the United States, where the cryptocurrency has increased by 5% after the announcement.
Tesla’s total revenue in 2020 came in at $31.5 billion. The stock has gained 483% over the last twelve months.
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