Top 10 Automotive OEMs in the World in 2021 by Enterprise Value

Tesla Inc, Toyota Motor Corp, Volkswagen AG, Ford Motor Co, and Mercedes-Benz Group AG are the top 5 automotive OEMs in 2021 by enterprise value. Cumulatively, the top 10 automotive OEMs had an enterprise value of $3,135,387 million, where Tesla Inc was the highest ($1,052,070 million) and Honda Motor Co Ltd had the lowest enterprise value ($103,191 million). In aggregate, they generated revenue of $1,424,693 million with average revenue growth of 18.4%. Toyota Motor Corp’s revenue decreased in 2021 by 8.9%. In terms of the geographic split, 7 out of 10 of the world’s largest OEMs are headquartered in Europe and the Asia Pacific, whereas the remaining 3 are based in the United States of America. They employed a total of 2,328,043 people in 2021. The United States of America-based Tesla Inc is the leading automotive OEM in the world (by enterprise value). The company reported revenues of $53,823 million for the fiscal year ended December 2021 (FY2021), an increase of 70.7% over FY2020 due to its established market position, focus on R&D, and improved performance of the automotive business line, which is a major strength of the company. The company is an automotive and energy company. It designs, develops, manufactures, sells, and leases electric vehicles and energy generation and storage systems. In 2021, Tesla produced 930,422 vehicles, whereas Tesla delivered 936,172 vehicles, and employs 99,290 people. The Germany-based Volkswagen AG (Volkswagen) is another leading automotive OEM in the world (by enterprise value). Volkswagen develops vehicles and engines, and manufactures and sells passenger cars, trucks, buses and motorcycles, light commercial vehicles, genuine parts, turbomachinery, large-bore diesel engines, propulsion components, special gear units and testing systems. The company reported revenues of $295,850 million for the fiscal year ended December 2021 (FY2021), an increase of 12.3% over the previous year.