Electric vehicles are the latest entrant in the increasingly competitive vehicle market. Including new manufacturers is enlarging the electric vehicle market. Let’s get to know the world’s 5 largest electric vehicle manufacturers and their features.
Tesla Inc, market cap – $686.5 billion
Tesla Inc is an automobile manufacturer based in Texas. Tesla designs, manufactures and sells fully electric vehicles. Tesla’s main products include the Model 3, Model S sedan, Model Y, Model X SUV, the upcoming Cybertruck, the Tesla Roadster, and a commercial vehicle. 3.65 units of vehicles were sold in the third quarter of 2022. They have 6 big factories all over the world. It has manufacturing plants in California, Nevada, New York, Shanghai, Texas and Berlin.
Porsche, market capitalization – $90.6 billion
German manufacturer Porsche is renowned for producing sports cars, high performance luxury SUVs and sedans. Their range of electric vehicles includes 4-door sports sedans such as the Taycan, Taycan 4S and Taycan GTS models. There is also the Taiken Turbo Cross Turismo and Taiken 4S Cross Turismo. They managed to sell 25073 Tikan models in the first 9 months. The company officials are planning to increase the sales of electric vehicles to 50 percent and then to 80 percent by 2025.
BYD Company Limited, market capitalization – $83.9 billion
BYD Company Limited is an electric vehicle manufacturer from China. It is a company that manufactures new generation fuel vehicles, including related components and rechargeable batteries. They brought 97902 electric vehicles to the market in September 2022. The Chinese manufacturer also managed to build a huge sales score of 5.90 lakh units in just 9 months.
Volkswagen AG, market cap –$74.7 billion
Volkswagen AG or Volkswagen Group is a German automobile manufacturer. Volkswagen, Audi, Seat, Skoda, Bentley, Lamborghini, Porsche, Ducati, Volkswagen and in the commercial segment Scania and MAN also work under this company. Since 1937, it has been operating in 120 production plants in different countries. The brand manufactures various vehicles with 6.30 lakh employees. 2.2 million vehicles were sold in the third quarter of 2022. There are 1.49 lakh electric vehicles in this. The Volkswagen ID4, ID5, ID3, Skoda Iniac IV, Audi Itron, Audi Q4 Itron, Porsche Taycan, and Cupra are all top-selling electric vehicles under the Volkswagen brand in 2022.
Mercedes-Benz Group AG, market cap – $6.18 billion
Mercedes-Benz Group AG, based in Stuttgart, Germany, is a world-renowned company that manufactures the world’s best premium cars, vans and trucks. Providing vehicles and related services in various countries since 1886. Construction is underway in Europe, the US, Latin American countries, Asia and Africa. In June 2022, Mercedes-Benz Group informed the world about electric drive vehicles. The company has invested 40 billion euros from 2022 to 2030 for the construction of electric vehicles and related activities. The steps to start the production of electric vehicles in 7 places in the world have already started.
Electric vehicles are marketed under the EQ brand under the Mercedes-Benz Group AG. There is also a compact SUV called the EQC on the V-Class platform. There is also a crossover SUV called the EQA. The company also managed to sell 37069 vehicles in the third half of 2022.
English Summary: Five Biggest Electric Car Companies in the World