Electric vehicles or EVs now become the choice of car lovers for the sake of the environment and it is also good news. The countries are also starting to make EV vehicles for the customers. This coronavirus pandemic situation has hit hugely to the automobile industry but now it is trying to get back the momentum. Last year all the launching cars are not the cars which were expected by the car manufacturers and due to the terrible situation, the car manufacturers have decided to push back the date of launches of the cars in many countries. Nowadays pollution has been increasing at a massive rate due to petrol and diesel cars so, automobile industries have launched new EV cars. All the automakers have promised to make dozens of EV cars in the next decade. There are also many EVs that can generate a huge speed.
Here is the list of Top 10 EV Makers in the world:
10. BYD
Market Capital: $ 79.23 billion
BYD is mainly a Chinese car company. This company was started the firm in 1995 and now servicing a global market from the headquarters in Shenzhen.
This car company made hybrid and full-electric vehicles, light trucks, buses, solar panels, forklifts, battery-powered bicycles, and also rechargeable batteries.
9. Mercedes-Benz
Market Capital: $ 74.49 billion
There is no doubt that the auto industry become electric and Mercedes is no step backward in this competition. This company introduces battery cars with plug-in hybrid options that are become a part of the model lines.
8. Toyota
Market Capital: $246.61 billion
This car giant is a traditional automotive marque that just has been integrated several high-end technologies for keeping up with the times and satisfy the customers with such a diverse product portfolio containing engines, commercial vehicles, luxury vehicles, and robots. In 2022 and 2021 it made 9,472,556 and 9,213,195 vehicles respectively.
7. Hyundai
Market Capital: $98 billion
It is a South Korean automaker company. This company deals with the manufacturing and distribution segment of automobiles and also provides financial services in the form of credit and insurance with the customers and also in the manufacturing of railways.
6. Ford Motor Company
Market Capital: $135 billion
This car manufacturing company was established by Henry Ford It is a vehicle manufacturer providing industry-standard commercial vehicles and automobiles under the Ford brand and luxury vehicles under the Lincoln brand. The customers also get the services like vehicle leasing and automobile finance from the firm.
5. Volkswagen
Market Capital: $ 302 billion
It is a German car company that was established in 1937. This company also start to make electric vehicles. This top car company is involved in the distribution, production, and design of engines, commercial and passenger vehicles, turbomachinery, and motorbikes. Volkswagen has 100 manufacturing plants in 27 countries. In 2020, it produce 8,900,000 cars.
4. Nissan Motor Indonesia
Market Capital: $70 billion
It is a Japanese automaker set up in the year 1933 in Yokohama city in Japan. The company had done a massive evolution in the car industry. This company always heavily investing in “green” technologies that contain clean types of diesel, efficient internal combustion.
3. NIO
Market Capital: $67.44 billion
This EV car manufacturing company was created in 2014 by the creator William Li and rises quickly. This is a chines based car company that gets involved in automotive technology and also designs and manufactures electric cars. This company has extended its operations with other nations like Germany, the US, the UK, and Hong Kong.
2. BMW
Market Capital: $ 128 billion
BMW is one of the repudiate EV car manufacturing company evolved over time as the result of the creative moves with high-quality technology. This BMW is mainly a German business formed in 1916 and now servicing the global markets. This company manufactures motorbikes and luxury vehicles for the customers.
1. Tesla
Market Capital: $ 582.93 billion
The automotive industry is now driven by new technologies. This top cat company is involved in the automotive solar energy generating and battery energy storage businesses. The vehicle product range contains the Tesla Model Y, Model X, Model 3, and Model S. In 2020, Tesla made 509,737 automobiles, 3,022 MWh batteries, and 205 MW solar.
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