Top 10 Most Valuable Car Companies in the World in 2024
Priyanka Roshan | July 19, 2024
As of 2024, the automotive industry continues to evolve with several companies leading in market valuation. Here's a look at the top 10 most valuable car companies globally, showcasing their market capitalization and impact on the industry.
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Ford’s strong presence in the global automotive market and its push into electric vehicles underpin its significant market capitalization.
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(Source: Companies Market as of July 19, 2024 | Image: Reuters)
Volkswagen’s extensive portfolio and focus on electric vehicles drive its substantial market value.
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(Source: Companies Market as of July 19, 2024 | Image: Reuters)
Stellantis, formed from the merger of Fiat Chrysler Automobiles and PSA Group, is a major global player with a wide range of automotive brands.
(Source: Companies Market as of July 19, 2024 | Image: AFP)
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BMW’s diverse lineup of luxury vehicles and commitment to electric mobility help it maintain a significant market presence.
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(Source: Companies Market as of July 19, 2024 | Image: Canva)
Porsche's high-performance sports cars and strong brand loyalty contribute to its high market capitalization.
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(Source: Companies Market as of July 19, 2024 | Image: AFP)
Mercedes-Benz continues to be a major player in the luxury car market, known for its premium vehicles and innovative technology.
(Source: Companies Market as of July 19, 2024 | Image: Canva)
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Ferrari’s luxury sports cars and brand prestige keep it highly valued, despite its smaller production scale compared to other automakers.
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(Source: Companies Market as of July 19, 2024 | Image: Canva)
Chinese automaker BYD is gaining prominence with its extensive range of electric vehicles and robust growth in the global market.
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(Source: Companies Market as of July 19, 2024 | Image: Reuters)
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Toyota, a longstanding leader in the automotive industry, is renowned for its reliability and hybrid technology, maintaining a strong market position.
(Source: Companies Market as of July 19, 2024 | Image: Canva)
Tesla is the most valuable car company in the world, thanks to its innovative electric vehicles and significant advancements in autonomous driving technology.
(Source: Companies Market as of July 19, 2024 | Image: AFP)
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