[Ranking] TOP 25 Auto Manufacturers / Automotive Companies Q3/2023
Intro
The auto manufacturing industry plays a critical role in the worldwide economy, as it is responsible for producing the vehicles that are essential for transportation and commerce. Without this industry, the global movement of goods and people would come to a standstill.
With its profound influence, the auto manufacturing industry has ripple effects across diverse sectors. It drives innovation in technology, contributes to job creation, and supports ancillary industries such as steel production, electronics manufacturing, and logistics.
The economic magnitude of the auto manufacturing industry is staggering. It generates billions of dollars in revenue annually and employs millions of people worldwide. Moreover, this industry is poised for continued growth, with emerging economies increasing their demand for vehicles.
Recent trends, breakthroughs, and obstacles are shaping the auto manufacturing industry. The rise of electric vehicles, advancements in autonomous driving technology, and the push for sustainability are transforming the way cars are designed, manufactured, and used. Additionally, challenges such as supply chain disruptions and changing consumer preferences are forcing companies to adapt and innovate.
The landscape of the auto manufacturing industry is constantly evolving. Global competition, government regulations, and shifting consumer demands create a dynamic environment where companies must stay agile to remain competitive. In this article, we will explore the top companies in the auto manufacturing sub-industry, highlighting their achievements, strategies, and contributions to the ever-changing automotive landscape.
Ranking
#25 Great Wall Motors
Employees: 80K
Revenue: 10B$
Website: https://www.gwm-global.com/
Description: Great Wall Motors is a leading player in the Auto Manufacturers industry, based in Baoding, China. Established in 1984, the company has grown to become one of the largest automotive manufacturers in the world. With a workforce of approximately 80,000 employees, Great Wall Motors is dedicated to designing, manufacturing, and selling a wide range of vehicles, including SUVs, sedans, and electric cars. The company has achieved significant success in both the domestic and international markets, with a strong focus on quality and innovation. With annual revenues of around 10 billion USD, Great Wall Motors continues to expand its presence in the global automotive industry.
#24 Chery
Employees: 20K
Revenue: 10B$
Website: https://www.cheryinternational.com/
Description: Chery Automobile Co., Ltd. is a Chinese automotive manufacturer headquartered in Wuhu, China. Founded in 1997, Chery is one of the leading auto manufacturers in China. With over 20,000 employees, the company produces a wide range of vehicles including passenger cars, SUVs, and electric vehicles. Chery has a strong presence in the Chinese market and has expanded its operations globally, exporting vehicles to more than 80 countries. The company focuses on innovation and has made significant investments in research and development to produce high-quality and eco-friendly vehicles. Chery is committed to providing customers with reliable and affordable transportation solutions while adhering to the highest standards of quality and safety.
#23 Mitsubishi Motors
Employees: 30K
Revenue: 20B$
Website: https://www.mitsubishi-motors.com/
Description: Mitsubishi Motors is a leading automotive manufacturer headquartered in Tokyo, Japan. Founded in 1970, the company has established itself as a key player in the global automotive industry. With a workforce of approximately 30,000 employees, Mitsubishi Motors is committed to producing high-quality vehicles that meet the evolving needs of its customers. The company's revenue, which amounts to 20 billion dollars, reflects its strong presence and success in the market. Mitsubishi Motors continues to innovate and develop innovative technologies to enhance its vehicle lineup and contribute to a sustainable future in the automotive sector.
#22 Geely Automobile Holdings
Employees: 120K
Revenue: 22B$
Website: https://www.geely.com
Description: Geely Automobile Holdings, headquartered in Hangzhou, China, is a leading player in the Auto Manufacturers industry. The company was founded in 1986 and currently employs approximately 120,000 individuals. Geely Automobile Holdings has achieved significant success and generates an estimated revenue of 22 billion USD. With a strong focus on innovation and quality, Geely Automobile Holdings has become a prominent name in the automotive industry, producing a wide range of vehicles that cater to diverse consumer needs. Through continuous research and development, Geely Automobile Holdings strives to deliver cutting-edge technologies and sustainable mobility solutions to its customers worldwide.
#21 BYD
Employees: 220K
Revenue: 22.9B$
Website: https://www.byd.com/
Description: BYD, headquartered in Shenzhen, China, is a major player in the Auto Manufacturers industry. With a history dating back to 1995, the company has established itself as a leading manufacturer of electric vehicles and batteries. BYD's commitment to sustainable transportation has made it a prominent name in the automotive sector. The company's website showcases their wide range of electric vehicles, including passenger cars, buses, and trucks, as well as their cutting-edge battery technologies. With a workforce of approximately 220,000 employees, BYD continues to drive innovation and contribute to the growth of the automotive industry. In 2020, the company reported a revenue of 22.9 billion dollars, solidifying its position as a key player in the global market.
#20 Suzuki
Employees: 45K
Revenue: 30B$
Website: https://www.globalsuzuki.com
Description: Suzuki, headquartered in Hamamatsu, Japan, is a leading automotive manufacturer in the Asia-Pacific region. Founded in 1909, the company has a rich history in the automotive industry. With approximately 45,000 employees, Suzuki operates globally and is known for its production of motorcycles, automobiles, and outboard motors. The company has successfully established itself as a key player in the automotive market, offering a wide range of compact cars, SUVs, and motorcycles that are renowned for their reliability and fuel efficiency. Suzuki's revenue reached an impressive 30 billion dollars, solidifying its position as one of the top automotive manufacturers in the world.
#19 Porsche
Employees: 33K
Revenue: 30B$
Website: https://www.porsche.com
Description: Porsche is a renowned automotive manufacturer based in Stuttgart, Germany. With its headquarters in Europe, the company has a rich history dating back to its founding in 1931. Porsche operates in the Auto Manufacturers industry, producing high-performance sports cars, SUVs, and sedans. The company is known for its iconic models such as the Porsche 911 and Cayenne. With a workforce of approximately 33,000 employees, Porsche has established itself as a leading player in the automotive industry. In terms of revenue, the company generates around 30 billion dollars annually, solidifying its position as a major player in the global market.
#18 Jaguar Land Rover
Employees: 40K
Revenue: 30B$
Website: https://www.jaguarlandrover.com
Description: Jaguar Land Rover, headquartered in Coventry, United Kingdom, is a prominent player in the Auto Manufacturers industry. The company was founded in 1922 and currently employs around 40,000 people. With a revenue of approximately 30 billion dollars, Jaguar Land Rover has established itself as a major player in the automotive market. Known for their luxury vehicles, the company offers a wide range of models across the Jaguar and Land Rover brands. With a strong focus on innovation and design, Jaguar Land Rover continues to be a leading force in the automotive industry.
#17 Tesla
Employees: 48K
Revenue: 31.5B$
Website: https://www.tesla.com
Description: Tesla, headquartered in Palo Alto, United States, is a leading auto manufacturer in the Automotive industry. Founded in 2003, the company has a workforce of approximately 48,000 employees. With a revenue of 31.5 billion dollars, Tesla is known for its innovative electric vehicles and clean energy solutions. The company focuses on designing, manufacturing, and selling electric cars, energy storage products, and solar panels. Tesla has made significant advancements in autonomous driving technology and has a strong presence in the electric vehicle market, contributing to the growth and development of the Automotive industry.
#16 Mazda
Employees: 46K
Revenue: 33B$
Website: https://www.mazda.com
Description: Mazda, headquartered in Hiroshima, Japan, is a leading auto manufacturer in the Automotive industry. Founded in 1920, Mazda has grown to become a global player in the industry. With approximately 46,000 employees, Mazda focuses on designing, manufacturing, and selling a wide range of vehicles, including sedans, SUVs, and sports cars. The company has established a strong reputation for its innovative design, advanced technology, and exceptional driving experience. Mazda's revenue stands at around 33 billion US dollars, reflecting its successful market presence and customer demand for its high-quality vehicles.
#15 Subaru
Employees: 10K
Revenue: 35B$
Website: https://www.subaru-global.com
Description: Subaru is a Japanese automotive manufacturer headquartered in Tokyo, Japan. Founded in 1953, Subaru has established itself as a prominent player in the auto manufacturing industry. With approximately 10,000 employees, the company operates globally and is known for its production of reliable and high-performance vehicles. Subaru's revenue amounts to 35 billion dollars, making it a major contributor to the automotive sector. The company's commitment to innovation and quality has earned it a loyal customer base and a strong reputation in the industry.
#14 Geely
Employees: 180K
Revenue: 35.8B$
Website: https://www.geely.com/
Description: Geely, headquartered in Hangzhou, China, is a leading auto manufacturer in the Automotive industry. Founded in 1986, the company has a workforce of approximately 180,000 employees. Geely generates an annual revenue of 35.8 billion US dollars. With a focus on innovation and technology, Geely strives to provide high-quality vehicles to its customers. The company's portfolio includes a wide range of automobiles, including sedans, SUVs, electric vehicles, and commercial vehicles. Geely is committed to sustainability and has made significant investments in research and development to develop eco-friendly and fuel-efficient vehicles. Through its continuous efforts, Geely has established itself as a prominent player in the global automotive market.
#13 Volvo
Employees: 100K
Revenue: 44B$
Website: https://www.volvo.com
Description: Volvo, headquartered in Gothenburg, Sweden, is a leading auto manufacturer in the Automotive industry. The company was founded in 1927 and currently employs approximately 100,000 individuals worldwide. With annual revenue of 44 billion dollars, Volvo has established itself as a major player in the industry. Volvo is known for its commitment to safety, innovation, and sustainability. The company produces a wide range of vehicles, including cars, trucks, and construction equipment. Through its focus on quality and customer satisfaction, Volvo continues to shape the automotive industry with its cutting-edge technology and forward-thinking approach.
#12 Tata Motors
Employees: 80K
Revenue: 44B$
Website: https://www.tatamotors.com/
Description: Tata Motors, headquartered in Mumbai, India, is one of the leading auto manufacturers in the Automotive industry. Founded in 1945, the company has grown to become a global player in the automotive market. With a workforce of approximately 80,000 employees, Tata Motors has established itself as a key player in the industry. The company generates an impressive revenue of 44 billion dollars. Tata Motors is known for its wide range of vehicles, including cars, trucks, buses, and electric vehicles. With a strong focus on innovation, quality, and customer satisfaction, Tata Motors continues to make significant contributions to the auto manufacturing industry.
#11 Renault
Employees: 180K
Revenue: 59.5B$
Website: https://group.renault.com/
Description: Renault, headquartered in Boulogne-Billancourt, France, is a leading auto manufacturer in the Automotive industry. With a rich history dating back to its founding in 1899, Renault has established itself as a prominent player in the global automotive market. The company boasts a workforce of approximately 180,000 employees, who contribute to the production and distribution of Renault vehicles worldwide. Renault's annual revenue stands at an impressive 59.5 billion US dollars, a testament to its strong market presence and successful business operations. As an industry leader, Renault continues to innovate and deliver high-quality vehicles that meet the evolving needs of customers around the world.
#10 Nissan
Employees: 138K
Revenue: 86B$
Website: https://www.nissan-global.com/
Description: Nissan is a leading automotive manufacturer headquartered in Yokohama, Japan. Founded in 1933, the company has grown to become one of the largest automobile producers globally. With approximately 138,000 employees, Nissan operates in the Auto Manufacturers industry, designing, manufacturing, and selling a wide range of vehicles including cars, trucks, and electric vehicles. The company has a strong global presence and is known for its innovative technologies and commitment to sustainability. In recent years, Nissan has focused on electric vehicle development and has introduced popular models such as the Nissan LEAF. With annual revenue of 86 billion dollars, Nissan continues to be a major player in the automotive industry, delivering quality vehicles to customers worldwide.
#9 Hyundai
Employees: 70K
Revenue: 90B$
Website: https://www.hyundai.com
Description: Hyundai is a prominent player in the Auto Manufacturers industry. With its headquarters in Seoul, South Korea, the company has been in operation since 1967. Hyundai has a workforce of approximately 70,000 employees worldwide. The company has achieved significant financial success, generating an estimated revenue of 90 billion dollars. Hyundai is known for its innovative and high-quality vehicles, offering a wide range of models to cater to diverse customer needs. Through its commitment to technological advancements and sustainable practices, Hyundai continues to be a leading force in the automotive industry.
#8 BMW
Employees: 133K
Revenue: 104B$
Website: https://www.bmw.com
Description: BMW, headquartered in Munich, Germany, is a leading player in the automotive industry. Founded in 1916, BMW has established itself as a renowned manufacturer of luxury vehicles, motorcycles, and engines. With approximately 133,000 employees worldwide, the company has a strong presence in major markets across the globe. BMW is known for its commitment to innovation, quality, and performance, offering a wide range of models that cater to different customer preferences. The company's revenue reached an impressive 104 billion dollars, reflecting its strong market position and global success.
#7 Fiat Chrysler Automobiles
Employees: 199K
Revenue: 143.6B$
Website: https://www.fcagroup.com/
Description: Fiat Chrysler Automobiles (FCA) is a leading global automotive company operating in the Auto Manufacturers industry. Headquartered in Auburn Hills, Michigan, FCA was founded in 2014 through the merger of Fiat and Chrysler. With a workforce of approximately 199,000 employees worldwide, FCA designs, manufactures, and sells a wide range of vehicles under its various brands, including Fiat, Chrysler, Jeep, Dodge, Ram, Maserati, and Alfa Romeo. The company has a strong presence in North America, where it generates a significant portion of its revenue. FCA is known for its innovative and high-performance vehicles, and it continues to invest in research and development to drive future growth in the competitive automotive market.
#6 Honda
Employees: 220K
Revenue: 147B$
Website: https://www.honda.com
Description: Honda is an automotive manufacturer headquartered in Tokyo, Japan. Founded in 1948, the company has grown to become one of the leading players in the global automotive industry. With approximately 220,000 employees worldwide, Honda produces a wide range of vehicles, including cars, motorcycles, and power equipment. The company is known for its commitment to innovation, quality, and environmental sustainability. Honda's revenue reached 147 billion dollars, solidifying its position as a key player in the automotive market. With a strong presence in Asia and global operations, Honda continues to drive forward with its mission to provide innovative and reliable transportation solutions.
#5 General Motors
Employees: 164K
Revenue: 147B$
Website: https://www.gm.com
Description: General Motors is a leading auto manufacturer in the Automotive industry. Headquartered in Detroit, United States, the company was founded in 1908. With approximately 164,000 employees, General Motors designs, manufactures, and sells a wide range of vehicles globally. The company operates through various brands including Chevrolet, GMC, Buick, and Cadillac, offering a diverse portfolio of cars, trucks, and SUVs. General Motors is known for its innovation in electric and autonomous vehicles, with notable models such as the Chevrolet Bolt EV and the upcoming GMC Hummer EV. With annual revenues of around 147 billion dollars, General Motors continues to be a major player in the auto manufacturing industry, focusing on sustainable mobility and advanced technologies.
#4 Ford
Employees: 190K
Revenue: 156.8B$
Website: https://www.ford.com/
Description: Ford, headquartered in Dearborn, United States, is a leading auto manufacturer in the Automotive industry. Founded in 1903, the company has a workforce of approximately 190,000 employees. With an annual revenue of 156.8 billion dollars, Ford is a major player in the industry. The company designs, manufactures, markets, and services a full line of Ford cars, trucks, SUVs, electrified vehicles, and Lincoln luxury vehicles. Ford's commitment to innovation and sustainability is evident through its investment in electric and autonomous vehicle technologies. With its rich history and global presence, Ford continues to be a driving force in the automotive industry.
#3 Daimler
Employees: 298K
Revenue: 166B$
Website: https://www.daimler.com
Description: Daimler, headquartered in Stuttgart, Germany, is a leading auto manufacturer in the Automotive industry. Founded in 1926, the company has a workforce of approximately 298,000 employees. Daimler generates an annual revenue of around 166 billion dollars. The company is known for its production of luxury vehicles, buses, and trucks, and is the parent company of renowned brands such as Mercedes-Benz, Maybach, and Smart. Daimler operates globally, with a strong presence in Europe, North America, and Asia. With a focus on innovation, sustainability, and advanced technology, Daimler continues to be a key player in the automotive industry.
#2 Volkswagen
Employees: 664K
Revenue: 252.6B$
Website: https://www.volkswagenag.com
Description: Volkswagen is a leading auto manufacturer headquartered in Wolfsburg, Germany. Founded in 1937, the company has a strong presence in the automotive industry. With a workforce of approximately 664,000 employees, Volkswagen is known for its wide range of vehicles, including cars, trucks, and commercial vehicles. The company generates substantial revenue, amounting to 252.6 billion dollars. Volkswagen continues to innovate in the automotive sector, focusing on electric and autonomous vehicles, as well as sustainable mobility solutions. With its long-standing history and commitment to quality, Volkswagen remains a key player in the global auto manufacturing industry.
#1 Toyota
Employees: 370K
Revenue: 275B$
Website: https://www.toyota-global.com/
Description: Toyota is a prominent player in the Auto Manufacturers industry. With its headquarters located in Toyota City, Japan, Toyota has been in operation since 1937. The company boasts a workforce of approximately 370,000 employees, making it one of the largest employers in the automotive sector. Toyota generates an impressive annual revenue of around 275 billion US dollars, solidifying its position as one of the top revenue-generating companies in the industry. Known for its commitment to innovation, quality, and sustainability, Toyota has become synonymous with reliable and technologically advanced vehicles. With a strong global presence and a diverse product portfolio, Toyota continues to shape the future of the automotive industry.
Summary
The sub-industry of Auto Manufacturers within the larger Automotive industry is highly competitive, with several top companies vying for market dominance. The top companies in this sub-industry have achieved significant accomplishments and solidified their positions in the market.
One unexpected finding is the rapid growth of electric vehicle manufacturers in recent years. With the increasing demand for sustainable transportation options, companies like Tesla and NIO have emerged as key players in the auto manufacturing sector.
The premier companies in the Auto Manufacturers sub-industry include General Motors, Toyota, Volkswagen Group, Ford, Honda, and BMW. These companies have established themselves as leaders in the industry and have a strong global presence.
One shared element among these top companies is their focus on innovation and technological advancements. They invest heavily in research and development to develop cutting-edge vehicles that meet the evolving needs of consumers.
What sets these eminent companies apart from their industry rivals is their brand reputation and customer loyalty. They have built strong relationships with their customers through years of delivering high-quality vehicles and exceptional customer service.