10 World’s Biggest Car Companies in 202110 World’s Biggest Car Companies in 2021

10 World’s Biggest Car Companies in 2021- According to Annual Report of each car companies in 2021, there are 10 World’s Biggest Car Companies. Basically, there are king of the vehicle especially in transportation industry.They have huge market across the countries and many innovative cars is produced by this companies. With lifelong experience, sophisticated, and strict system of production to keep the quality of the products, they can produce many quality products and many consumers proud to have their products.

10 World’s Biggest Car Companies in 2021- list of car companies

Many people all over the world needs their products to support their activity and increase their mobility in daily life. Many countries need the vehicle or transportation that can support their economic growth and wealth. Based on the annual report of 2021 that published by each car company, there are 10 World’s Biggest Car Companies in 2021 that have many well-known car products, and their brands are well-recognized by many people in the World.

The Rank of World’s Biggest Car Companies in 2021 Based on Assets in 2021

RangkingNama Perusahaan AssetsAssetsLiabilitiesLiabilities
Origin CurrencyUS. DollarOrigin CurrencyUS. Dollar
1Volkswagen AG 528 Billion Euro 538 Billion US Dollar382 Billion Euro389 Billion US Dollar
2Toyota Motor Corp.67,688 Billion Yen 500 Billion US Dollar40,533 Billion Yen 299 Billion US Dollar
3Daimler AG 259 Billion Euro264 Billion US Dollar186 Billion Euro189 Billion US Dollar
4Ford Motor Co.257 Billion US Dollar 257 Billion US Dollar 208 Billion US Dollar 208 Billion US Dollar
5General Motors Co. 244.7 Biilllion US Dollar244.7 Biilllion US Dollar178.9 Billion US Dollar178.9 Billion US Dollar
6Hyundai Motor Co. 233,946 Billion KRW177 Billion US Dollar151,331 Billion KRW115 Billion US Dollar
7Honda Motor Co. 23,973 Billion Yen 177 Billion US Dollar13,200 Billlion Yen 97 Billion US Dollar
8Stellantis171 Billion Euro 174 Billion US Dollar106 Billion Euro 108 Billion US Dollar
9BMW Group64.7 Billion Euro65.9 Billion US Dollar31.4 Billion Euro32 Billion US Dollar
10Tesla 62.1 Billion US Dollar62.1 Billion US Dollar30.5 Billion US Dollar30.5 Billion US Dollar
Source : Annual Report, 2021
Origin Currency : Currency officially used in Annual Report 2021
US Dollar : Currency that is converted to US Dollar from Origin Currency
Currency Rate :
1 Japanese Yen (JPY) = 0.0074 US Dollar (USD)
1 Euro = 1.02 US Dollar (USD)
1 Korean Won (KRW) = 0.00076 US.Dollar (USD)

This rank above based on the assets that companies own in 2021. These data came from Balance Sheet of the annual report of company in 2021. Basically, in Balance sheet, there are three components namely, Assets, Liabilities, and Equities. Assets is about the wealth of the company in current or non-current assets. Meanwhile, Liabilities is obligation or debts that must be paid back by company. Liabilities consist of current liabilities and non-current liabilities.    

The Rank of World’s Biggest Car Companies in 2021 Based on Net Income in 2021

RangkingNama Perusahaan RevenueRevenueNet IncomeNet Income
Origin CurrencyUS. DollarOrigin CurrencyUS. Dollar
1Daimler AG 133 Billion Euro 135 Billion US Dollar23.3 Billion Euro 23.7 Billion US Dollar
2Toyota Motor Corp.31,379 Billion Yen 232 Billion US Dollar2,850 Billion Yen 21 Billion US Dollar
3Ford Motor Co.136 Billion US Dollar 136 Billion US Dollar 17.9 Billion US Dollar17.9 Billion US Dollar
4Volkswagen AG 250 Billion Euro255 Billion US Dollar15.4 Billion Euro 15.7 Billion US Dollar
5Stellantis149 Billion Euro151 Billion US Dollar14.2 Billion Euro14.4 Billion US Dollar
6General Motors Co. 127 Billion US Dollar127 Billion US Dollar9.9 Billion US Dollar9.9 Billion US Dollar
7Tesla 53.8 Billion US Dollar 53.8 Billion US Dollar 5.5 Billion US Dollar 5.5 Billion US Dollar
8Honda Motor Co. 13,170 Billion Yen 97 Billion US Dollar695 Billion Yen 5.1 Billion US Dollar
9BMW88.5 Billion Euro90 Billion US Dollar4.9 Billion Euro4.9 Billion US Dollar
10Hyundai Motor Co.117,611 Billion KRW89 Billion US Dollar5,693 Billion KRW4.3 Billion US Dollar
Source : Annual Report, 2021
Origin Currency : Currency officially used in Annual Report 2021
US Dollar : Currency that is converted to US Dollar from Origin Currency
Currency Rate :
1 Japanese Yen (JPY) = 0.0074 US Dollar (USD)
1 Euro = 1.02 US Dollar (USD)
1 Korean Won (KRW) = 0.00076 US.Dollar (USD)

This rank is based on the net income that company can earn in 2021.  These data can be obtained from Income Statement of Annual Report in 2021. The company that has positive net income showed good conditions in their business. In this income statement, we can look and analyse how profitable of the company in doing its business. 

The Brief Description of 10 World’s Biggest Car Companies in 2021

1. Volkswagen AG

10 World’s Biggest Car Companies in 2021- Volkswagen

Volkswagen AG or Volkswagen Group is one of the biggest car companies that has main office in Wolfsburg, Lower Saxony, Germany. Historically, this company was founded on May 28th, 1937, in Berlin, Germany. Based on their productions, this company has light commercial vehicles with some brands including Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Škoda and Volkswagen’s motorcycles brand under Ducati. Meanwhile, heavy commercial vehicles that was controlled by Traton that has some brands including IC Bus, International, MAN, Scania and Volkswagen Caminhões e Ônibus. Financially, in 2021, the company has assets around 528 billion Euro / 538 billion US Dollar and liabilities around 382 billion Euro / 389 billion US Dollar. Based on the performance in 2021, The Volkswagen Group has revenue around Revenue 250 billion Euro / 255 billion US Dollar  with gained net Income around 15.4 billion Euro / 15.7 billion US Dollar.

2.Toyota Motor Corp

10 World’s Biggest Car Companies in 2021- Toyota

Toyota Motor Corporation is global car company from Japan that founded on August 28, 1937, by Kiichiro Toyoda. Now, this company has main headquarter in Toyota City, Aichi, Japan. In 2021, this company can sell around 10.45 million vehicles across the nations.  Basically, Toyota has many brands Daihatsu, Hino, Lexus, Ranz and has many shares in some car companies including Subaru, Mazda, Suzuki, Isuzu, Yamaha Motor. Financially in 2021, the company hasAssets around 67,688 billion Yen / 500 billion US Dollar with Liabilities around 40,533 billion Yen / 299 billion US Dollar. Based on the income statement report in 2021, the company has Revenue around 31,379 billion Yen / 232 billion US Dollar and net income around 2,850 billion Yen / 21 billion US Dollar.

3.Daimler AG

10 World’s Biggest Car Companies in 2021- Daimler AG

Mercedes-Benz Group AG is global car companies that has main headquarter in Mercedesstraße, Stuttgart, Germany. Historically, this company was founded in 1926 with the merger between two vehicle companies namely, Benz & Cie. (founded 1883 by Karl Benz) and Daimler Motoren Gesellschaft (founded 1890 by Gottlieb Daimler and Wilhelm Maybach).  Now, this company produces come vehicle with under Mercedes-Benz cars, Mercedes-AMG, Mercedes-Maybach and Smart. Financially, in 2021, this company has assets around 259 billion Euro / 264 billion US Dollar with Liabilities around 186 billion Euro / 189 billion US Dollar. Based on the performance in 2021, the company has positive performance with revenue around 133 billion Euro / 135 billion US Dollar and gained Net Income around 23.3 billion Euro / 23.7 billion US Dollar.

4.Ford Motor Co.           

10 World’s Biggest Car Companies in 2021- Ford Motor Co

Ford Motor Company is global car companies that has main office in Ford World Headquarters, Dearborn, Michigan, U.S.A. Basically, Henry Ford found this company on June 16th, 1903. This company produces the vehicle under Ford brand, and luxury cars under its Lincoln luxury brand. Based on the ownership, this company has some shares in other vehicle company. They also own some shares in Troller, Aston Martin, Jiangling Motor. They also have joint venture in Changan Ford, Ford Lio Ho, AutoAllicance, Ford Otosan, and Ford Sollers. Financially, this company has Assets around 257 billion US Dollar with liabilities around 208 billion US Dollar. Based on the performance in 2021, the company gained Revenue around 136 billion US Dollar and Net Income around 17.9 billion US Dollar.

5.General Motors Co.  

10 World’s Biggest Car Companies in 2021- General Motors

The General Motors Company is American vehicle company that has main office in Renaissance Center, Detroit, Michigan, U.S. Historically, William C. Durant, Charles Stewart Mott, and Frederic L. Smith found this company on September 16th, 1908 . Based on the produts, the company produces the vehicle under the brands Chevrolet, Buick, GMC,Cadillac Wuling Motors, Baojun, and DMAX. Financially, this company has Assets around 244.7 billion US Dollar with liabilities around 178.9 billion US Dollar. Furthermore, based on the business performance in 2021, the company gained revenue around 127 billion US Dollar and reaped net Income around 9.9 billion US Dollar.

6.Hyundai Motor Co.  

10 World’s Biggest Car Companies in 2021- Hyundai

Hyundai Motor Company is Korean global vehicle companies that has some vehicle products under Hyundai brand. Based on the ownership, this company also owns some shares in Kia Corporation, another vehicle company from Korea. Historically, this company was founded by Chung Ju-yung on 1967.  Nowadays, this company has main office in Seoul, South Korea. Financially, this company has assets around 233,946 billion KRW / 177 billion US Dollar with liabilities around 151,331 billion KRW / 115 billion US Dollar. Based on the business performance in 2021, the company gained revenue around 117,611 billion KRW / 89 billion US Dollar and reaped the net income around 5,693 billion KRW / 4.3 billion US Dollar.

7.Honda Motor Co.       

10 World’s Biggest Car Companies in 2021- Honda

Honda Motor Co., Ltd. is Global Car company from Japan.  Operationally, this company has main office in Minato, Tokyo, Japan. Historically, this company was founded by Soichiro Honda and Takeo Fujisawa. Basically, this company produces some vehicle products with brands of Honda. Financially, in 2021, this company has assets around 23,973 billion Yen / 177 billion US Dollar with Liabilities around 13,200 billion Yen / 97 billion US Dollar. Meanwhile, based on the business performance in 2021, the company gained revenue around 13,170 billion Yen / 97 billion US Dollar and reaped net income 695 billion Yen / 5.1 billion US Dollar.

8.Stellantis        

10 World’s Biggest Car Companies in 2021- Stellantis

Stellantis N.V is global car companies that was formed in 2021. Structurally, this company is the merger between Fiat Chrysler Automobiles (FCA) and the French PSA Group. As of this merger, this company, Stellantis controls many vehicle brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall. Financially, in 2021, this company has assets around 171 billion Euro / 174 billion US Dollarand Liabilities around 106 billion Euro / 108 billion US Dollar. Based on the business performance in 2021, the company gained revenue around 149 billion Euro / 151 billion US Dollarand net income around 14.2 billion Euro / 14.4 billion US Dollar.

9.BMW Group

10 World’s Biggest Car Companies in 2021- BMW Group

Bayerische Motoren Werke AG or commonly known as BMW group is global vehicle company that has main office in Munich, Germany. Historically, this company was founded by Camillo Castiglioni, Franz Josef Popp, and Karl Rapp in 1916. The company has some brand including BMW, Mini, and Rolls-Royce.  Financially, according to its performance, the company has assets around 64.7 billion Euro / 65.9 billion US Dollar with liabilities around 31.4 billion Euro / 32 billion US Dollar. Based on the business performance in 2021, the company gained the revenue around 88.5 billion Euro / 90 billion US Dollar     and reaped 4.9 billion Euro / 4.9 billion US Dollar.

10.Tesla             

10 World’s Biggest Car Companies in 2021- Tesla

Tesla is American car company that has many innovative products of electric cars. Historically, this company was founded by Martin Eberhard and Marc Tarpenning in 2003. The name of Tesla is aimed to honour inventor and electrical engineer Nikola Tesla. With the contribution of Elon Musk, this company gradually showed its development from time to time. Tesla launched some innovative electric car products including Model S,  Model X, and Model 3.  Financially, in 2021, the company has assets around 62.1 billion US Dollar with liabilities around Liabilities 30.5 billion US Dollar. Based on the business performance in 2021, the company gained revenue around 53.8 billion US Dollar and reaped net income 5.5 billion US Dollar.


The Summary of World’s Biggest Car Companies in 2021


World's Biggest Car Companies Based on Assets in 2021


World's Biggest Car Companies Based on Revenue in 2021


Bibliography of 10 World’s Biggest Car Companies in 2021

Toyota Motor Corp. 2021. Annual Report 2021. Accessed via https://global.toyota/en/ir/library/annual/ on August 18th, 2022

Volkswagen AG. 2021. Annual Report 2021. Accessed via https://www.volkswagenag.com/en/InvestorRelations/news-and-publications/Annual_Reports.html  on August 18th , 2022

Daimler AG. 2021. Annual Report 2021. Accessed via https://group.mercedes-benz.com/investors/reports-news/annual-reports/2021/  on August 18th, 2022

Ford Motor Co. 2021. Annual Report 2021. Accessed via https://shareholder.ford.com/investors/financials-and-filings/default.aspx  on August 18th, 2022

General Motors Co. 2021. Annual Report 2021. Accessed via https://investor.gm.com/ on August 18th , 2022

Hyundai Motor Co. 2021. Annual Report 2021. Accessed via https://www.hyundai.com/worldwide/en/company/ir  on August 18th, 2022

Honda Motor Co. 2021. Annual Report 2021. Accessed via https://global.honda/investors/   on August 18th, 2022

Stellantis. 2021. Annual Report 2021. Accessed via https://www.stellantis.com/en/investors/reporting/financial-reports on August 18th, 2022

BMW.2021. Annual Report 2021. Accessed via https://www.bmwgroup.com/en/investor-relations/company-reports.html  on August 18th, 2022

Tesla. 2021. Annual Report 2021. Accessed via https://ir.tesla.com/#quarterly-disclosure  on August 18th, 2022

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