Tesla
With a market capitalisation of $679.52 billion, Tesla Inc founded by Elon Musk is the world’s biggest automobile company. Its EV range includes the Model S, Model 3, Model Y and the Cybertruck.
Toyota Motor
Toyota Motor headquartered in Japan, comes a distant second with a market capitalisation of $241.20 billion. It is the largest manufacturer of cars in the world, producing about 10 million vehicles per year.
BYD
Ranking third with a market capitalisation of $83.27 billion is China’s BYD. The automaker produces EVs and also specialises in batteries and renewable energy solutions.
Ferrari
The iconic Italian carmaker Ferrari ranks fourth on the list with a market capitalisation of $75.78 billion. The company is known for producing several supercars.
Mercedes Benz
Ranking fifth on the list is the German luxury car company, Mercedes Benz. The automaker has a market capitalisation of $68.36 billion.
Porsche
Trailing closely behind Mercedes at the sixth place is another German luxury car company, Porsche. The company has a market capitalisation of $68.27 billion.
BMW
With a market capitalisation of $58.06 billion the Germany based carmaker Bayerische Motoren Werke (better known as BMW), is the seventh-largest automobile company in the world.
Volkswagen
The market cap of the eight-biggest automobile company of the world is $55.4 billion. The automaker is headquartered in Germany.
Honda Motors
Headquartered in Tokyo, Japan, Honda Motor is the ninth-most valuable automobile company in the world. It has a market capitalisation of $49.08 billion.
Tata Motors
Tata Motors is the only Indian company in the top ten automakers list with a market capitalisation of $48.60 billion.