Top 10 Richest Car Companies in the World

The richest car companies in the world of automobiles are taking over affairs of the entire sector so to say.

The automotive industry is made up of many different companies and organizations that are involved in the design, development, manufacturing, marketing, and selling of automobiles.

The automobile world has grown more in popularity and it is well known even among simple people.

The primary products of the industry are passenger automobiles and light trucks, which include pickups, vans, and sports utility cars. Commercial vehicles (delivery trucks and large transport trucks, also known as semis) are important to the industry but are secondary.

Like every other field or sector, the car-making industry also has its, own giants. We’ll be looking at the richest car companies in the world below shortly.

Top 10 Richest Car Companies in the World

The ranking of car brands is based on their overall value, which takes into account, how well the companies that make the car do financially, and how well they treat their customers.

How important the brand is when it comes to buying decisions, and how strong the brand is in the market.

Here are the top 10 richest car companies which are real money makers in the Automobile industry.

1. Toyota ($59.47 Billion)

Toyota motor corporation is now the biggest car company in the world. It has passed Mercedes-Benz to take the top spot. The brand value of Toyota is now $59.47 billion dollars, which is more than the previous year’s record of $58 billion

2. Mercedes Benz ($58.2 Billion)

Mercedes-Benz, a German luxury car manufacturer, was ranked second this year, with a brand value of $58.2 billion. Mercedes-value Benz has dropped by nearly $7 billion since last year when it was valued at $65.04 billion. Mercedes is also at the forefront of many technological advances that the company has made over the many years it has been producing automobiles. Despite the fact that Mercedes-main Benz’s factory is in Germany, the company has factories in a number of other countries. Mercedes-Benz operates 93 factories in 17 countries across four continents.

Mercedes-Benz has retained the second spot in this list of richest car companies in the world.

3. Volkswagen ($47.02 Billion)

Volkswagen remains in third place with a brand value of $47.02 billion, the same as the previous year; however, the value of the Volkswagen brand has increased by nearly $2 billion since last year. The Bettle, Volkwagen’s most famous model, is well-known throughout the world. Volkswagen is a German automobile manufacturer that has been in operation since 1937. It operates 136 factories in various parts of the world. Volkswagen sells, designs, and manufactures automobiles in over 150 countries.

4. BMW ($40.44 Billion)

BMW is an abbreviation for Bayerische Motoren Werke, a German automobile manufacturer. They are the world’s fourth most popular car brand, was able to maintain its market position in comparison to last year. However, the company’s value has decreased by $0.04 billion as of 2022. BMW was founded in 1916, more than a century ago. It is the world’s leading automobile and motorcycle manufacturer. BMW Group has 31 manufacturing and assembly plants in 15 countries and a global sales network in over 140 countries.

BMW has retained the fourth spot in this list of richest car companies in the world.

5. Tesla ($36.27 Billion)

Tesla now has increased Car sales. For instance, in 2017 it recorded 50, 067 car sales, in 2020 it recorded 293,000 car sales and now in 2022, it is recording double that amount of sales and annual revenue of $53.8 billion. Tesla is known for producing Aesthetic pleasing, speedy, cost-effective cars with an incredible batteries and sleek driving experience. It is currently one of the richest car companies

This year, Tesla has risen one spot to fifth place. The company is estimated to be worth $36.27 billion in 2022. When compared to the previous year, Tesla’s value increased by about 15%. Tesla is a car and energy company based in California. It is also the world’s largest manufacturer of electric vehicles.

ZETA, or the Zero Emission Transport Association, is an organization comprised of Tesla and 27 other companies. Their goal is to turn all internal combustion engine vehicles to electric vehicles. Elon Musk, the company’s well-known CEO, is also a major shareholder, owning 22% of Tesla. Tesla produced its first vehicle, the Roadster, in 2009.

Tesla operates 598 stores in various locations around the world.

Read Also: Fastest Cars In The World

6. Porsche ($34.32 Billion)

Porsche, which is also manufactured in Germany and is owned by Volkswagen, has fallen to sixth place this year.
The Porsche brand is worth $34.32 billion in 2022, up from $33.91 billion in 2021. Porsche and Volkswagen have always been close.

They collaborated in 1969 to create the Volkwagon-Porsche 916 and 914-6, which were huge successes. The company has 7000 patents worldwide, and 400 new patents are filed each year. The company operates six factories in various parts of the world.

7. Honda ($31.36 Billion)

Honda, a Japanese automaker that also manufactures motorcycles and power tools, ranks seventh on the list of richest car companies in the world. According to Forbes, Honda’s value decreased from $33.10 billion in 2020 to $31.36 billion in 2021, a slight decrease from the previous year. In 1986.

Honda was the first Japanese company to create its own luxury brand. Acura was the name of this brand. Honda is not only a car and motorcycle company, but it also has several other businesses around the world.

Now Honda has a market cap of $45 billion, making it one of the richest car companies in the world.

Honda has retained the seventh spot in this list of richest car companies in the world.

8. Ford ($22.67 Billion)

Ford Motors, a major American automaker, ranks eighth on this list of the world’s richest car companies, with a market value of $22.67 billion in 2021, up from $18.51 billion in 2020. Henry Ford founded Ford Motors in 1903, making it one of the country’s oldest automobile manufacturers. They sell automobiles and commercial vehicles under the Ford brand, while luxury automobiles are sold under the “Lincoln luxury” brand. Ford is the second-largest automaker in the United States and the world’s fifth-largest.
Ford operates 90 plants and other facilities worldwide.

9. Volvo ($17.75 Billion)

Volvo, a Swedish company with factories all over the world, ranks ninth on the list of the world’s richest car companies.

The brand value of Volvo increased from $16.91 billion in previous years to $17.75 billion in 2021 and a big raise to $34 billion in 2022.

Ford Motors used to own Volvo cars, but the company is now run by Geely Holding Group, a Chinese multinational automaker.
Volvo was founded in 1915 as a subsidiary of SKF, a manufacturer of ball bearings. Volvo currently has factories in 18 countries.

10. Audi ($17.18 Billion)

Audi, the German luxury car company, ranks tenth on the list of the world’s wealthiest car companies. Audi’s market capitalization has increased from $16.97 billion in previous years to $17.20 billion in 2022. Audi Auto Group is a subsidiary of Volkswagen Group.

They design, engineer, and manufacture luxury vehicles in 19 locations across 12 countries, and sell them in over 100 countries worldwide. Audi has seven factories worldwide, with only a few shared with other Volkswagen Group companies.

Audi Group manufactures the majority of its vehicles in Germany in Ingolstadt and Neckarsulm. The company also has manufacturing facilities in Hungary, Belgium, and Mexico.

Top 10 Richest Car Companies in the World

Here is a quick recap of the list of the richest car companies in the world.

1. Toyota: $59.47 Billion

2. Mercedes Benz: $58.2 Billion

3. Volkswagen: $47.02 Billion

4. BMW: $40.44 Billion

5. Tesla: $31.98 Billion

6. Porsche: $34.32 Billion

7. Honda ($45 Billion)

8. Ford ($45 Billion)

9. Volvo ($34 Billion)

10. Audi ($17.18 Billion)