The automobile industry is a multi-billion industry with a stable and safe investment opportunity. The need for convenient means of mobility has guaranteed a steady growth for investors and manufacturers of automobiles. Also, luxury lovers can also satisfy their thirst for some of these exotic machines.
With the entrance of electric vehicles, most car manufacturers are tilting towards sustainable energy with electric cars, solar and integrated renewable energy solutions. Having said that, let’s explore the top 10 most valuable car companies in the world 2024
10. Great Wall Motors – $42 Billion
Ranking number ten on the list of most valuable car manufacturing companies in the world is Great Wall Motor Co., Ltd (GWM). The Chinese privately-owned automobile manufacturer is currently the eighth-largest automobile manufacturer in China.
GWM produces and sells vehicles under its own brandings such as GWM, Haval, WEY, TANK, POER, and ORA. The company also produces electric vehicles. GWM is also China’s largest producer of sport-utility vehicles (SUVs) and pick-up trucks.
9. Honda – $42 Billion
Honda Motor Company, Ltd is of the most valuable car manufacturing companies in the world. The Japanese company manufacture automobiles, motorcycles, and power equipment. Honda is the second-largest Japanese automobile manufacturer and one of the largest automobile manufacturers in the world.
8. Ford – $49 Billion
Founded in 1903, Ford Motor Company is an American multinational automobile manufacturer. The company is the second-largest US-based automated and one of the largest in the world. Ford sells automobiles and commercial vehicles under the Ford brand and luxury cars under its Lincoln luxury brand.
7. General Motors – $50 Billion
General Motors (GM) is an American multinational automotive manufacturer and one of the most valuable brands in the world. GM is also the largest automaker in the United States. The company has four core automobile brands including Chevrolet, Buick, GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX via joint ventures.
6. BMW – $54 Billion
Bayerische Motoren Werke AG, popularly known as BMW is a German multinational corporate manufacturer of luxury vehicles. Founded in 1916, BMW is part of the German “Big Three” and like Mercedes-Benz, is still an independent company that owns multiple subsidiaries.
Its automobile is marketed under the brands BMW, Mini and Rolls-Royce. BMW also produces motorcycles which are marketed under the brand BMW Motorrad.
5. Mercedes-Benz – $70 Billion
Established in 1926, the German luxury and commercial vehicle automotive brand is one of the most valuable in the world. The company also owns subsidiaries including Mercedez-Benz AG and Mercedes-Maybach.
4. Volkswagen – $105 Billion
Ranking number four on the list of most valuable car companies is Volkswagen with a market capitalisation of $105 billion. The German motor vehicle manufacturing company is the largest auto manufacturer in Europe and the third-largest in the world. The VW Group also owns many other car manufacturers including SEAT, Skoda, Audi, Porsche, Bentley and Lamborghini.
3. BYD – $132 Billion
Founded in 2003, BYD is one of the most valuable car manufacturers in the world with a market capitalisation of $132 billion. The company is one of the largest car manufacturers in China with sales mainly in Mainland China. BYD Auto is also the fourth largest plug-in electric vehicle company in the world.
2. Toyota – $216 Billion
Ranking number two on the list of most valuable automobile companies in the world is Toyota with a market capitalisation of $216 billion. The Japanese automobile manufacturer has been around since 1936. In the United States, Toyota is the most popular car brand.
Toyota Motor Corporation has become one of the largest conglomerates in the world and owns and produced vehicles under five brands: Lexus, Hino, Daihatsu, Ranz and Toyota.
1. Tesla – $702 Billion
The most valuable car brand in the world is Tesla with a market capitalization of $702 billion. The American automobile company has been around since 2003, however, they only began mass-producing cars in 2012. Tesla’s stock price is always on the increase and making Tesla one of the world’s most valuable companies and the world’s most valuable automaker.
