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25 Largest Car Companies: Gladiators Guiding Global Growth
Our 2024 ranking of the largest car companies in the world is interesting! The global auto industry is going through significant changes, driven by the accelerating growth of electric vehicle sales and the emergence of newcomers to the market.
Tesla remains the kingpin in the battery-electric market, with another jaw-dropping rise in deliveries of 40%, hitting over 1.3 million units. However, multiple Chinese juggernauts are riding the EV wave with style, expanding domestic sales and global presence. BYD Auto is the frontrunner in this segment, with over 1.8 million battery-electric and plug-in hybrid models sold in 2022, a year-over-year increase of 155.1%.
note: numbers 10, 11, 12, 15, 18, 22, 24.
BYD #18 is dwarfed by #10 SAIC, #11 FAW, #12 Dongfeng, #15 GAC.
(As it is with me, I would favor LI Auto for my EV monies) |
