The global electric vehicles market reached a volume of 2.45 Million Units in 2020. As per the analysis by IMARC Group, the top electric vehicle companies are focusing on the development of zero- and low-emission vehicles with improved fuel efficiency and soundless operations. They are also investing in improving the charging infrastructure, which will promote sustainable development. Looking forward, the market value is further projected to grow at a CAGR of around 47% during 2021-2026.
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List of Top Companies and Manufacturers in the Electric Vehicles Industry Worldwide:
Bayerische Motoren Werke AG
Headquarter: Munich, Germany
BMW currently represents the world's largest manufacturer of premium automobiles and motorcycles. It focuses on production technology and sustainability with an intelligent mix of material, digitalization, and resource-efficient production. Today, the company has 31 production and assembly facilities in 15 countries and a global sales network. The company offers electric vehicles and plug-in hybrid vehicles under the BMW i and X segments, respectively.
BYD Auto Company Limited
Headquarter: Shenzhen, China
BYD is a high-tech company devoted to technological innovations in electronics, automobiles, new energy and rail transit. With over 30 industrial parks worldwide, BYD aims to provide zero-emission energy solutions, energy generation, storage and application. It is the first automaker worldwide to have complete expertise and intellectual property in three core technologies of electric vehicles, namely batteries, electric motors, and electronic controls. The company is also one of the leading manufacturers of power batteries, the world’s first plug-in hybrid compact sedan, and the first generation of BYD’s Dual-mode technology.
Chery Automobile Co.
Headquarter: Wuhu, China
Chery Automobile Co. is an established global automotive company that has successfully created product brands such as Arrizo, Tiggo, and high-end EXEED. The company has a cumulative sale of over 8.3 million units globally. It has also become the first passenger car company in China to export complete vehicles, CKD parts, engines, manufacturing technology, and equipment to the global market. Moreover, it has successfully developed the first and second generation of unmanned driving products and has integrated smart transport, intelligent manufacturing, IoT, and blockchain to provide intelligent interconnected lifestyles for global consumers.
Headquarter: Stuttgart, Germany
Daimler Group is one of the leading global suppliers of premium and luxury cars and one of the world’s largest manufacturers of commercial vehicles. It also offers financing, leasing, fleet management, investments, insurance brokerage and innovative mobility services. The company aims to shape the future of mobility by focusing on innovative and green technologies as well as safe and superior automobiles. Through sustainable strategies, Daimler AG is investing in the development of efficient drive trains and in fields of mobility that go beyond the vehicle itself.
Ford Motor Company
Headquarter: Michigan, United States
Ford Motor Company is an American automotive corporation cofounded by Henry Ford. The company designs, manufactures, markets and services a full line of Ford trucks, utility vehicles, cars, including electrified versions, and Lincoln luxury vehicles. Ford Motor is also adapting to and leading change by evolving to focus on services, experiences, software and vehicles. Besides this, it emphasizes on improving quality, reducing costs, restructuring underperforming businesses, and modernizing and simplifying their mode of operations. Moreover, the company is developing electric vehicle platforms by partnering with Volkswagen to reduce vehicular emissions.
Geely Auto Group
Headquarter: Hangzhou, China
Geely Auto Group is a leading automobile manufacturer founded as a subsidiary of Zhejiang Geely Holding Group. It sells vehicles under the Geely Auto brand and holds a 50% stake in the LYNK & CO brand. The group employs more than 50,000 people, operates 12 plants, and 5 global R&D centers worldwide to retain its position as the best-selling Chinese brand for three consecutive years. The company has done innovative research in new energy, safety, automotive intelligence, and autonomous drive technologies. Over the years, Geely has switched to new energy vehicles as essential to environmental sustainability.
Headquarter: Detroit, Michigan
General Motors visions to create a world with zero crashes, zero emissions, and zero congestion. With a diverse team of 155,000 employees, the company brings its collective passion for engineering, technology, and designing an electric vehicle on a scale previously unseen and bringing the world to an all-electric future. Recently, the company has introduced the revolutionary Ultium Platform that is engineered for range, power, and flexibility to charge fast, run long, and fit every type of vehicle.
Honda Motor Co., Ltd.
Headquarter: Tokyo, Japan
Honda Motor Co. Ltd. manufactures a broad range of products, including motorcycles, automobiles, and power products. Globally, over 100,000,000 units have been produced since Honda started automobile production. The company is now working on 34 automobile production operations in 18 countries and territories. It boasts a full range of cars, from the best-selling Civic and HR-V / Vezel global models to the Ridgeline pickup truck for North America and the N-BOX mini-vehicle for the Japanese-specific category. Moreover, Honda is accelerating initiatives for a zero-emission society by actively promoting renewable energy, releasing Zero Emission Vehicles (ZEV) and promoting electrification in working.
Hyundai Motor Company
Headquarter: Seoul, South Korea
Hyundai Motor Company has grown into the Hyundai Motor Group, which was ranked as the world’s fifth-largest automaker since 2007 and included over two dozen auto-related subsidiaries and affiliates. In 1976, the company exported its first independently-made vehicle, the Pony, whereas it now exports over one million high-quality vehicles, ranging from sedans, SUVs to trucks and buses. Hyundai Motor is implementing a new global policy aimed at localization which includes product development, design, sales, marketing, and consumer services to satisfy the tastes of local consumers as well as the global market. Moreover, the company plays a pivotal role in transitioning to clean energy by making hydrogen, which is an economically viable energy source.
Nissan Motor Company Limited
Headquarter: Kanagawa, Japan
Nissan is a Japanese automobile manufacturer that deals with manufacturing, sales and related business of automotive products and services under the brands Nissan, Infiniti and Datsun. Nissan Energy Share consists of electric vehicles (EVs), which act as mobile storage batteries to supply homes and society with electricity. It also aims to distribute the energy model, and stabilize the supply and demand of electricity in the world.
Headquarter: Boulogne-Billancourt, France
Groupe Renault has partnered with Nissan and Mitsubishi Motors to offer unique expertise in electrification. It comprises 5 complementary brands, including Renault, Dacia, LADA, Alpine, and Mobilize, which provide sustainable and innovative mobility solutions. The company has recently unveiled its Morphoz concept car, an electric vehicle connected and equipped with level 3 autonomous driving functions. It is adaptable and can be transformed to fit all uses, both in everyday life and for short journeys.
SAIC Motor Corporation Limited
Headquarter: Shanghai, China
SAIC Motor is the largest auto company listed on China’s A-share market that strives to get ahead in industrial development trends, accelerated innovation and transformation. The company is actively promoting the commercialization of new energy vehicles and connected cars, and exploring the research and industrialization of intelligent technologies such as smart driving. Moreover, it is engaged in research and development (R&D) activities, production and sales of auto parts such as power drive systems, chassis, interior and exterior trims, and core components. It also offers auto-related services, including logistics, e-commerce, energy saving, and charging technology; and mobility services, insurance and investment, overseas business and international trade, big data, and artificial intelligence.
Headquarter: Paolo Alto, California, United States
Tesla was founded by a group of engineers who believed that electric vehicles are better and quicker to drive than gasoline cars. It focuses on building only all-electric vehicles as well as infinitely scalable clean energy generation and storage products. Testa believes in a zero-emission future, thus it has designed the world’s first ever premium all-electric sedan, expanded its product line with the safest, quickest, and most capable utility vehicle, and unveiled cutting-edge battery technology and electric powertrain.
Toyota Motor Corporation
Headquarter: Toyota City, Japan
Since its foundation, Toyota Motor Corporation has remained as a global automotive industry leader that manufactures vehicle in 27 countries or regions. It is producing reliable vehicles and offering sustainable development through ever-changing innovation and provision of high-quality products and services. The company strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders to contribute to the creation of a prosperous society through business operations.
Headquarter: Wolfsburg, Germany
The Volkswagen group is one of the leading manufacturers and largest carmakers in Europe. The group comprises twelve brands from seven countries, Volkswagen Passenger cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial vehicles, Scania, and MAN. Since 2019, the company has formed the basis for a global innovation ecosystem for sustainable and customer-oriented innovations. It has innovation centers across Europe, Asia, and California to derive local knowledge and international solutions from regional challenges and needs.