Do you know that Tesla is currently the most valuable car manufacturer in the world?
Here are the top 10 most valuable automotive manufacturers in the world in 2020.
More than a century old, the automotive industry is famous among those who are fascinated by the ever-changing technologies of this industry.
From supercars to super-energy-efficient and self-driving cars, this industry has changed radically, particularly in the last two decades.
Year after year, innovation has made vehicles more eco-friendly and safer to drive.
It’s one of those industries where you hardly see a new player because the competition is still neck to neck among the existing ones.
10. Hyundai Motor Company
Hyundai is the first South Korean company to manufacture cars and owns various subsidiaries, including Genesis Motors and Kia Motors.
It is the third-largest car manufacturer in the world and has the world’s largest manufacturing facility.
9. Ferrari NV
You can hear the engines roaring as soon as you hear the name.
Ferrari is an Italian sports car maker, leaving its parent company, Fiat Chrysler, to become one of the ten most successful, valuable car companies in the world.
8. Ford Motor Company
The American car manufacturer is an old player in this game, and I know that from “Ford v Ferrari”, Joking.
However, it was established in 1903 and as old as the industry itself.
Ford has recently invested $11.5 billion in electric vehicles for cleaner air.
7. Bayerische Motoren Werke AG (BMW)
BMW is a German carmaker, founded in 1916.
It is one of the most popular and valuable brands worldwide with an estimated value of USD 42 billion.
BMW will start its second EV battery assembly facility in Germany anticipating the demand for electric vehicles in the future.
6. Honda Motor Company, Ltd.
Honda is a Japanese motor vehicle company that is also the world’s largest motorbike manufacturer.
They are one of the most trusted brands and sold roughly 5.3 million automobiles in the year 2019.
Honda has now launched virtual showrooms in India with features like 360-degree views and in-depth explanations of the features.
5. Daimler AG (Mercedes-Benz)
Another German automobile manufacturer, Daimler, popularly goes by the name Mercedes-Benz. Founded in 1926, it is also a leading truck manufacturer globally.
4. General Motors Company (GM)
GM is an American MNC and the fourth-largest car manufacturer in the world. It is the parent company of Cadillac, Chevrolet, Buick, and GMC.
3. Volkswagen
Volkswagen” means “people’s car,” which is the third German company on the list.
It is an 83-year-old brand and is famous for its classic Beetle style. It is now the second-largest producer in the world.
2. Toyota Motor Corporation
Toyota is the world’s largest car manufacturer and produces more than 10 million vehicles a year.
The Japanese corporation was once the most valued producer in the world until Tesla passed it in July 2020.
1. Tesla, Inc.
Tesla, which is practically and figuratively an adolescent in these centennials, ascended the table quicker than perhaps anybody else to become the world’s most valuable automotive company in July 2020.
The company is just 17 years old. It was founded in 2003 and is named after Nikola Tesla. Tesla is known for manufacturing electric
cars.
