Top 10 largest automobile manufacturers as of May 2023
Automobile production is one of the largest industries in the global economy. Every year, this industry demonstrates high growth dynamics, offering car enthusiasts new and innovative car models. There are numerous automobile manufacturers that are powerful players in the global automobile market. In this article, we will discuss the top 10 largest automobile manufacturers as of May 2023.
The largest automobile manufacturers with the highest capitalization as of May 2023
| Rank | Company | Country | Market capitalization (in billions USD) |
|---|---|---|---|
| 1 | Tesla, Inc. | USA | 512.921 |
| 2 | Toyota Motor Corp | Japan | 188.74 |
| 3 | BYD Company Ltd | China | 99.939 |
| 4 | Mercedes Benz Group AG | Germany | 83.169 |
| 5 | Volkswagen AG ST O.N. | Germany | 77.478 |
| 6 | Bay.Motoren Werke AG ST | Germany | 73.559 |
| 7 | Ferrari | Italy | 68.535 |
| 8 | Stellantis | Netherlands | 51.949 |
| 9 | Ford Motor Company | USA | 48.073 |
| 10 | General Motors Company | USA | 46.541 |
№ 1. Tesla, Inc.
Tesla, Inc. is the largest car manufacturer in the world, specializing in the production of electric cars, batteries, and solar panels. Founded in 2003, Tesla is now one of the most valuable automotive companies in the world, with a market capitalization of $512.921 billion as of May 2023.
№ 2. Toyota Motor Corp
Toyota Motor Corp is a Japanese car manufacturer and the second-largest car producer in the world. The company specializes in the production of passenger cars, trucks, buses, and other vehicles. Toyota’s market capitalization as of May 2023 is $188.74 billion.
№ 3. BYD COMPANY LTD
BYD COMPANY LTD is a Chinese car manufacturer and the third-largest car producer in the world. The company produces hybrid and electric cars, batteries, and other products. BYD’s market capitalization as of May 2023 is $99.939 billion.
№ 4. Mercedes Benz Group AG
Mercedes Benz Group AG is a German car manufacturer specializing in the production of premium cars and trucks. The company has several subsidiaries that produce cars of different classes. Mercedes Benz’s market capitalization as of May 2023 is $83.169 billion.
№ 5. Volkswagen AG
Volkswagen AG is a German car manufacturer producing cars, trucks, and other vehicles. The company is one of the largest car manufacturers in the world, with a market capitalization of $77.478 billion.
№ 6. Bay.Motoren Werke AG ST
Bay.Motoren Werke AG ST is a German car manufacturer producing cars, motorcycles, and other vehicles. The company is one of the leaders in the premium car market, with a market capitalization of $73.559 billion.
№ 7. Ferrari
Ferrari is an Italian car manufacturer specializing in the production of sports and premium-class cars. The company is one of the most prestigious car brands in the world. Ferrari’s market capitalization as of May 2023 is $68.535 billion.
№ 8. Stellantis
Stellantis is a Dutch car manufacturer created in 2021 as a result of the merger between Italian company Fiat Chrysler Automobiles and French company Groupe PSA. The company produces passenger cars and commercial vehicles. Stellantis’s market capitalization as of May 2023 is $51.949 billion.
№ 9. Ford Motor Company
Ford Motor Company is an American car manufacturer producing cars, trucks, and other vehicles. The company has numerous factories around the world. Ford’s market capitalization as of May 2023 is $48.073 billion.
№ 10. General Motors Company
General Motors Company is an American car manufacturer producing cars, trucks, and other vehicles. The company is one of the largest car manufacturers in the world, with a market capitalization of $46.541 billion.
Conclusion
Thus, the list of the largest automobile manufacturers in May 2023 includes companies from different countries around the world. Despite the fact that some of the companies have been on the market for many years, each of them strives to be a leader in their segment, paying great attention to innovation and technological progress.
