The shift from fuel-powered vehicles to electric vehicles is happening steadily. In 2017, the global market for electric vehicles was valued at $118,864.5 million and was projected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3% between 2018 and 2025.
Though these projections are high, people are still buying fuel-powered vehicles, and there is no actual sign slowing down. This blog is to analyze the top manufacturers of Automobile, including both EV and fuel-powered vehicles.
LIST OF TOP AUTOMOBILES MANUFACTURES
In terms of revenue and production, Toyota is one of the top 10 automotive companies in the world. Toyota was the first of the world's top 10 car companies to achieve an annual production volume of 10 million cars in 2012, Toyota also delivered 200 million vehicles the same year. This top 10 automobile company in the world in 2018 with five top-selling car brands Toyota, Hino, Lexus, Ranz, and Daihatsu was estimated to have annual revenue of around $240 billion and employs more than 365,000 professionals.
In terms of volume, Volkswagen is the world's largest car manufacturer, manufacturing about 10,700 million vehicles each year. Volkswagen Group is one of the world's top 10 car companies with a range of high-class car brands such as Audi, Bugatti, Bentley, Lamborghini, Porsche, SEAT, Skoda, and VW. The Volkswagen Group was formed by the German Labor Front in 1937 in Wolfsburg, Germany. The company has an annual revenue of over $117 billion in 2018 and has over 120 production units worldwide, with as many as 640,000 professionals.
GENERAL MOTORS (GM):
General Motors (GM) was ranked among the top 10 automobile companies in the world in 2018 and is a trustworthy name in the automotive industry worldwide. General Motors has an annual income of over $52 billion, employing more than 180,000 employees at nearly 400 facilities worldwide. As of 2017, GM manufactures about 9 million vehicles annually and has four divisions in the automotive industry, GMC, Buick, Cadillac, and Chevrolet.
BMW is another top 10 automotive company with a global presence on all continents throughout the world. BMW was founded in Munich, Germany, in 1916 by Karl Rapp. BMW has four best-selling car models, BMW M, BMW-i, Rolls Royce, and Mini, among the top 10 car companies in the world in 2018. At the end of 2017, BMW was projected to manufacture about 2.7 million cars and had annual revenue of about $72 billion. This automobile company is considered to be one of the best luxury car manufacturers in the world.
Tesla is one of the world's top 10 automobile companies and is named after Nikola Tesla, the famous engineer. Martin Eberhard, Marc Tarpenning, Elon Musk, Ian Wright, and JB Straubel formed this leading automotive manufacturing company at Palo Alto, California, the USA, in 2003. Tesla had an annual production capacity of about 35,000 cars and approximately $12 trillion in annual revenue.
Nissan is a Japanese car company headquartered in Yokohama, Japan. Nissan is one of the world's top 10 car companies. Nissan has over 5.5 million units of total vehicle production capacity and an annual turnover of more than $41 billion. Nissan, Nismo, Datsun, and Infiniti are the world's most popular car brands owned by this top car group. Nissan has over 50 manufacturing facilities for automobiles that employ more than 142,000 professionals worldwide.