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In this article, we look at 25 of the world’s largest car companies and suppliers. If you want to skip the overview of the global automotive industry, please read below. Five of the world’s largest automotive companies and suppliers.
The global automobile industry is one of the largest in the world, and has grown in size since the first mass-produced automobiles were delivered by Ford Motor Company (NYSE:F) and Rolls-Royce Holdings plc (OTC:RYCEY). Since then, automobiles have become significantly more sophisticated, and in the 21st century they also face intense competition from next-generation vehicles that use electricity and aim to reduce global greenhouse gas emissions.
The close relationship between the size of the auto industry and the economy also means that it often serves as one of the barometers of economic health. That’s because major manufacturers like Ford and General Motors (NYSE:GM) employ thousands of people in their factories. These workers depend on car sales, and as the economy grows and people can buy more cars, the workers can keep their jobs and vice versa.
However, the industry is facing disruption. Currently, interest rates in the United States are at extremely high levels, which are unfavorable to both businesses and consumers. As a result, electric vehicle stocks are under pressure, and some are wondering whether this is the perfect time to build a portfolio for long-term growth.
So how bad are things for EV auto stocks? This can be seen by analyzing the performance of S&P Global Inc.’s (NYSE:SPGI) S&P U.S. and China Electric Vehicle Index and S&P Kensho Electric Vehicle Index . These two auto stock indexes are down 4.45% and 7.49% over the past 12 months, and their year-to-date performance is also in the red. This weakness is reflected in electric vehicle stocks such as Tesla Inc. (NASDAQ:TSLA) and NIO Inc. (NYSE:NIO), which are down 27.61% and 44.54%, respectively, since the beginning of the year. For more on electric vehicle auto stocks, check out 12 Best EV Stocks to Buy in 2024.
The next thing to consider is whether and to what extent the disruption in the EV industry is also impacting the broader auto sector. Continuing with a quick analysis of stock indexes, the two indexes that cover auto stocks are the Dow Jones U.S. Automobile Index and the S&P 500 Automobile (Industrial). Well, the former was down 40% over the year, and the latter was down 25% over the same period.
On the news front, the auto industry is bracing for further shocks as we enter the first quarter of 2024. Following the famous coronavirus lockdown in which Tesla’s Elon Musk took on California authorities, he now takes on Francis Scott Key. Baltimore bridge collapse. The bridge collapse caused the Port of Baltimore to halt shipping, and General Motors and Ford issued statements saying they had to redirect shipments originally destined for the port.
Finally, as investors continue to expect rate cuts in 2024, here’s what Diamond Hill Capital had to say about General Motors Company (NYSE:GM) in its Q3 2023 investor letter .
Some of the lower contributors were in the consumer space, including auto retailer CarMax and automaker General Motors. In general, rising interest rates are eliminating a large portion of the population who cannot afford to buy a car given current financing costs. These challenges are weighing heavily on both companies. General Motors was also affected by the UAW strike, which put a damper on the entire auto industry.
With these details in mind, let’s take a look at the world’s largest car companies and suppliers. Notable companies include Stellantis NV (NYSE:STLA), Tesla Inc. (NASDAQ:TSLA), and Contemporary Amperex Technology Inc. (SHE:300750.SZ).
Photo by Yanis Zaug on Unsplash
our methodology
To create our list of the world’s largest automotive suppliers and companies, we ranked all publicly traded companies in the industry by market capitalization and singled out the most valuable companies.
The world’s largest car companies and suppliers
25. SAIC Motor Corporation Limited (SHA:600104.SS)
Latest market cap: $23.95 billion
SAIC Motor Corporation Limited (SHA:600104.SS) is a Chinese automobile company headquartered in Shanghai, China. The company is currently considering targeting the Indian EV market and has formed a joint venture for this purpose. He is one of the world’s largest automotive suppliers along with Tesla, Inc. (NASDAQ: TSLA), Stellantis NV (NYSE: STLA) and Contemporary Amperex Technology Co., Limited (SHE: 300750.SZ).
24. Compagnie Générale des Établissements Michelin Social Command (EPA:ML.PA)
Latest market cap: $27.51 billion
Compagnie Générale des Établissements Michelin Société en commandite par action (EPA:ML.PA), commonly known as Michelin, is a French company known for selling premium tires.
23. Mahindra & Mahindra Limited (NSE:M&M.NS)
Latest market cap: $28.55 billion
Mahindra & Mahindra Limited (NSE:M&M.NS) is an Indian company headquartered in Mumbai, India that sells trucks, cars, and other vehicles. The company is currently lobbying against tax breaks on imported EVs for Tesla’s possible entry into the Indian market.
22. Lee Auto Co., Ltd. (NASDAQ:LI)
Latest market cap: $30.24 billion
Li Auto Inc. (NASDAQ:LI) is a Chinese electric vehicle manufacturer headquartered in Beijing, China. The stock has an average rating of “Strong Buy” and an average price target of $53.10.
21. Bridgestone Corporation (OTC:BRDCY)
Latest market cap: $31.75 billion
Bridgestone Corporation (OTC:BRDCY) is a Japanese tire company headquartered in Tokyo. The company faced a bit of controversy last year when farmers sued over toxic chemicals.
20. Kia Motors Corporation (KRX:000270.KS)
Latest market cap: $32.6 billion
Kia Corporation (KRX:000270.KS) is a South Korean automobile manufacturer headquartered in Seoul, South Korea. In March 2024, the company announced a new compact sedan for the U.S. market, expanding its vehicle portfolio.
19. Toyota Motor Corporation (NYSE:TM)
Latest market cap: $34.27 billion
Toyota Motor Corporation (NYSE:TM) is a Japanese automobile manufacturer headquartered in Toyota, Japan. The company’s CEO warned in March 2024 that the transition to electric vehicles could take longer than expected due to macroeconomic constraints.
18. Cummins Inc. (NYSE:CMI)
Latest market cap: $40.16 billion
Cummins Inc. (NYSE:CMI) is an American automotive supplier of engines and other related components. The stock has an average rating of “buy” and an average price target of $275.39.
17. Tata Motors Limited (NSE:TATAMOTORS.NS)
Latest market cap: $43.29 billion
Tata Motors Limited (NSE:TATAMOTORS.NS) is an Indian automobile manufacturer that manufactures and markets light and heavy vehicles. The company’s stock price soared to a new record after announcing plans to split into two companies in March 2024.
16. Hyundai Motor Company (OTC:HYMTF)
Latest market cap: $43.98
Hyundai Motor Company (OTC:HYMTF) is a Korean car, truck, and van manufacturer headquartered in Seoul, South Korea. The company announced a large-scale EV investment plan in March 2024, allocating $51 billion in funds.
15. Dr. Ing. hc F. Porsche AG (ETR:P911.DE)
Latest market cap: $46.1 billion
Dr. Ing. hc F. Porsche AG (ETR:P911.DE) is a major German automobile company that sells automobiles. The company’s latest results were alarming, as its 2024 profit forecast of $7.2 billion represented a significant decline over the year.
14. Maruti Suzuki India Limited (NSE:MARUTI.NS)
Latest market cap: $47.54 billion
Maruti Suzuki India Limited (NSE:MARUTI.NS) is a subsidiary of Suzuki and is headquartered in New Delhi, India. The company faced a setback in March when it was forced to recall tens of thousands of vehicles due to a defective fuel pump.
13. General Motors Company (NYSE:GM)
Latest market cap: $51.48 billion
General Motors Company (NYSE:GM) is one of the largest automobile manufacturers in the United States. The company announced that it would reroute its shipments due to the suspension of shipments to the Port of Baltimore, but stressed that the overall impact would be minimal.
12. Ford Motor Company (NYSE:F)
Latest market cap: $51.9 billion
Where there’s a GM, there’s a Ford, and this holds true for our list of the biggest automakers. Like GM, Ford Motor Company (NYSE:F) plans to reroute cargo from the Port of Baltimore, but isn’t too worried about the impact on its operations.
11.DENSO Co., Ltd. (OTC:DNZOY)
Latest market cap: $56.65 billion
DENSO Corporation (OTC:DNZOY) is a Japanese auto parts manufacturer headquartered in Kariya City. Amid tightening global financial conditions, its co-owner Toyota Motor Corporation is selling $4.7 billion in stock in Denso Corporation (OTC:DNZOY) to raise capital.
10. Honda Motor Co., Ltd. (NYSE:HMC)
Latest market cap: $60.74 billion
Honda Motor Co., Ltd. (NYSE:HMC) is another well-known Japanese car manufacturer. The company made headlines in March 2024 when it announced it would open a new facility in the UK as part of its F1 partnership with Aston Martin.
9. Bavarian Motor Corporation (OTC:BMWYY)
Latest market cap: $72.98 billion
Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) is a famous German car manufacturer simply known as BMW. The company’s flying car technology made headlines in March 2024 when it was acquired by a Chinese company.
8. Volkswagen AG (OTC:VWAGY)
Latest market cap: $76.19 billion
Volkswagen AG (OTC:VWAGY) is another world-renowned German car manufacturer. This was good news for investors in the aftermath of the Baltimore Bridge collapse, as Volkswagen AG (OTC:VWAGY) guaranteed that it would be immune from an accident due to the location of its facilities.
7. Ferrari NV (NYSE:RACE)
Latest market cap: $79.2 billion
Ferrari NV (NYSE:RACE) is an iconic Italian automaker known for its sports cars. The company is also keen to establish itself in the EV industry and in March 2024 expanded its partnership with a Korean battery company for this purpose.
6. BYD Company Limited (OTC:BYDDY)
Latest market cap: $81.69 billion
BYD Company Limited (OTC:BYDDY) is a Chinese automobile manufacturer headquartered in Shenzhen, China. The fourth quarter of 2023 was an important quarter for the company, as it overtook Tesla to become the world’s largest EV company in terms of quarterly shipments.
Stellantis NV (NYSE:STLA), BYD Company Limited (OTC:BYDDY), Tesla, Inc. (NASDAQ:TSLA), and Contemporary Amperex Technology Co., Limited (SHE:300750.SZ) are the largest U.S. automakers. is part of. world.
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Disclosure. none. 25 of the world’s largest automotive companies and suppliers Originally published on Insider Monkey.
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