10 World’s Biggest Electric Car Companies- According to Annual Report of Each Company in 2021, there are 10 World’s Biggest Electric Car Companies. These companies basically have huge market of electric cars and maybe become one of the pioneers in electric cars industries.
Electric cars basically have grown from time to time. Many people want to own the electric cars. There are some reason why some people want the electric cars. The fluctuation oil price, eco-friendly cars, more efficient are some of the reason why some people bought this car. In the future, some people or expert expected that electric cars can substitute the conventional cars, oil-fuelled cars, in the futures. The Scarcity of Oil and Gas from Time to time make people to realize the long-term resources to support the future vehicle.
In electric car industries, there are many companies that strive to produce the electric cars with some different, unique of features and bodies. Of all the electric car/vehicle companies, just few of them that has huge market and can sell electric cars to people in this world. Here is the rank of 10 World’s Biggest Electric Car Companies in 2021. All of this data was obtained from Annual report in 2021.
10 World’s Biggest Electric Car Companies Based on Assets
| Rank | Name of Companies | Assets | Assets | Liabilities | Liabilities |
|---|---|---|---|---|---|
| Origin Currency | Origin Currency | US Dollar | US Dollar | ||
| 1 | Tesla | 62.1 billion US Dollar | 62.1 billion US Dollar | 30.5 Billion US Dollar | 30.5 Billion US Dollar |
| 2 | Rivian | 22.2 billion US Dollar | 22.2 billion US Dollar | 2.7 Billion US Dollar | 2.7 Billion US Dollar |
| 3 | NIO | 13 Billion US Dollar | 13 Billion US Dollar | 7 Billion US Dollar | 7 Billion US Dollar |
| 4 | Li Auto | 9.7 Billion US Dollar | 9.7 Billion US Dollar | 3.2 Billion US Dollar | 3.2 Billion US Dollar |
| 5 | Xpeng | 65.5 Billion RMB | 9.1 Billion US Dollar | 23.5 Billion RMB | 3.3 Billion US Dollar |
| 6 | Lucid Motors | 7.8 billion US Dollar | 7.8 billion US Dollar | 3.9 Billion US Dollar | 3.9 Billion US Dollar |
| 7 | Polester | 3.3 Billion US Dollar | 3.3 Billion US Dollar | 3.1 Billion US Dollar | 3.1 Billion US Dollar |
| 8 | Fisker | 1.5 Billion US Dollar | 1.5 Billion US Dollar | 792 Million US Dollar | 792 Million US Dollar |
| 9 | Nikola | 989 Million US Dollar | 989 Million US Dollar | 296 Million US Dollar | 296 Million US Dollar |
| 10 | Proterra | 981 Million US Dolllar | 981 Million US Dolllar | 261 Million US Dollar | 261 Million US Dollar |
| Source : Annual Report, 2021 | |||||
| Currency Rate : | |||||
| 1 Renminbi (RMB) = 0.14 US Dollar (USD) | |||||
These rank above was arranged by Assets of the company in 2021. This data was obtained from the Balance sheet of the Annual Report in 2021. Basically, the Balance sheet describes the financial position of the company. This balance sheet consists of Assets, Liabilities, and Equities. Firstly, Assets is the physical and non-physical properties that the company owned in specific time. Secondly, liabilities are the debt or obligations that the company must be paid off in the future. Lastly, the equities are the different values between assets and liabilities. Maybe, some people said Equites as the net assets.
10 World’s Biggest Electric Car Companies Based on Revenue
| Rank | Name of Companies | Revenue | Revenue | Net Income / (Net Loss) | Net Income / (Net Loss) |
|---|---|---|---|---|---|
| Origin Currency | Origin Currency | US Dollar | US Dollar | ||
| 1 | Tesla | 53.8 Billion US Dollar | 53.8 Billion US Dollar | 5.5 Billion US Dollar | 5.5 Billion US Dollar |
| 2 | Rivian | 55 million US Dollar | 55 million US Dollar | (-4.6 Billion US Dollar) | (-4.6 Billion US Dollar) |
| 3 | Lucid Motors | 27.1 Million US Dollar | 27.1 Million US Dollar | (-2.5 billion US Dollar) | (-2.5 billion US Dollar) |
| 4 | NIO | 5.6 Billion US Dollar | 5.6 Billion US Dollar | (-630 Million US Dollar) | (-630 Million US Dollar) |
| 5 | Li Auto | 4.2 Billion US Dollar | 4.2 Billion US Dollar | (-50 Million US Dollar) | (-50 Million US Dollar) |
| 6 | Xpeng | 20.9 Billion RMB | 2.9 Billion US Dollar | (-4.8 Billion RMB) | (-672 Million US Dollar) |
| 7 | Polester | 1.3 Billion US Dollar | 1.3 Billion US Dollar | (-1 Billion US Dollar) | (-1 Billion US Dollar) |
| 8 | Proterra | 232 Million US Dollar | 232 Million US Dollar | (-250 Million US Dollar) | (-250 Million US Dollar) |
| 9 | Fisker | 106 Thousand US Dollar | 106 Thousand US Dollar | (-471 Million US Dollar) | (-471 Million US Dollar) |
| 10 | Nikola | - | - | (-690 Million US Dollar) | (-690 Million US Dollar) |
| Source : Annual Report, 2021 | |||||
| Currency Rate : | |||||
| 1 Renminbi (RMB) = 0.14 US Dollar (USD) | |||||
These rank above was arranged by Revenue of the company in 2021. This data was obtained from the Income statement of Annual Report in 2021. Basically, the Income statement can describe the business performance of the company in 2021. Some investors can look and analyze the income/loss of the company running their business in the income statement.
Brief Description of 10 World’s Biggest Electric Car Companies
1.Tesla
Tesla, Inc. is a multinational electric cars company that has a central office on Tesla Road, Austin, Texas. Historically, this company was founded in July 2003. Martin Eberhard and Marc Tarpenning are the pioneers of the establishment of Tesla in 2003. Principally, the name Tesla was aimed to tribute to inventor and scientist Nikola Tesla. The Incoming of Elon Musk can accelerate the business development of the company. Many innovative products of electric cars have been produced. Some of the electric cars from Tesla include Model 3, Model S, Model X, and Model Y.
Financially, in 2021, according to the Balance sheet, Tesla has assets of around 62.1 billion US Dollar with liabilities of around 30.5 billion US dollars. Based on the business performance in 2021, the company can generate Revenue of around 53.8 billion US dollars with a net income of around 5.5 billion US dollars.
2.Rivian
Rivian Automotive, Inc. is an American electric car that has a central office in Irvine, California. Historically, this company was founded in June 2009 and R.J Scaringe founded this company in that time. Some electric cars have been produced from This company. Some of the electric car brand include R1T and RIS, sport utility vehicles (SUV), and pickup trucks of the electric vehicle. Based on the ownership, Amazon and Ford Motor still become the main shareholder to Rivian.
Financially, in 2021, based on the balance sheet of annual report, Rivian has assets of around 22.2 billion US Dollars with liabilities of around 2.7 billion US Dollars. Based on the business performance in 2021, the company can generate revenue of around 55 million US dollars but still suffered Net Loss of around -4.6 Billion US Dollars.
3.NIO
Nio Inc. commonly known as NIO is a Chinese-based electric cars company that has a main offices in Shanghai and Hefei, China. Historically, the foundation of the companies is the initiatives of William Li in November, 2014. Some electric car models have been produced by this company. Some of them are ET7 (Smart Electric Flagship Sedan), ET5(Smart Electric Mid-Size Sedan), ES7 (Smart Electric Mid-Large SUV), EC6 (Smart Electric Coupe SUV), and ES8 (Smart Electric Flagship SUV).
Financially, in 2021, based on the balance sheet of the company, NIO has assets of around Assets 13 billion US Dollar with liabilities around 7 billion US Dollar . Based on the business performance in 2021, the company can generate Revenue 5.6 billion US Dollar but suffered Net Loss around -630 Million US Dollar.
4.Li Auto
Li Auto Inc., also known as Li Xiang is a Chinese electric company that has main office in Beijing, China. Historically, Li Xiang founded this company in 2015. Based on its model of electric car, this company has launched some models of electric cars. Some of them are Ideal L7, Ideal L8, Ideal L9, and Ideal ONE.
Financially, in 2021, the company still has assets around 9.7 billion US Dollar with liabilities around 3.2 billion US Dollar. Based on the business performance in 2021, the company can generate revenue of around 4.2 billion US Dollar but suffered Net Loss around -50 Million US Dollar.
5.Xpeng
Guangzhou Xiaopeng Motors Technology Co Ltd or commonly known as Xpeng is a Chinese-based electric car company that has its main office in Guangzhou, Guangdong, China. Historically, this company started its business in 2014. Based on the figures, He Xiaopeng, Xia Heng, He Tao, and Yang Chunlei founded this company at that time. Based on its product, some electric car models from this company include P7, P5, G3i, G9.
Financially, in 2021, according to the balance sheet 2021, the company has assets of around 65.5 billion RMB / 9.1 billion US dollars with liabilities of around 23.5 billion RMB / 3.3 billion US dollars. Based on the business performance in 2021, the company can generate revenue of around 20.9 Billion RMB/ 2.9 Billion US Dollar but suffered net loss of around -4.8 Billion RMB/ -672 Million US Dollars.
6.Lucid Motors
Lucid Group formely known as Atieva, Inc is an American-based electric car company that has central office in Newark, California. Historically, Bernard Tse, Sam Weng, and Sheaupyng Lin founded this company in 2007. Lucid Air is one of the electric cars models from Lucid Motors. Financially, in 2021, the company still has assets around 7.8 billion US Dollar with liabilities around 3.9 billion US Dollar. Based on the business performance in 2021, the company has revenue of 27.1 million US Dollar but suffered net loss -2.5 billion US Dollar.
7.Polestar
Polestar is a Swedish-based electric car company that has central office in Gothenburg, Sweden. Historically, this Polestar started its business in 1996. Based on the ownership, Volvo cars still become the majority shareholder in Polestar. Based on the electric car product, Polestar 1, Polestar 2, and Polestar 3 are some model of electric cars launched by Polestar.
Financially, in 2021, Polestar has assets around 3.3 billion US Dollar with liabilities around 3.1 billion US Dollar. Based on the business performance in 2021, the company can generate revenue around 1.3 billion US Dollar but suffered net loss -1 Billion US Dollar.
8.Fisker
Fisker Inc. is an American electric car company that has a central office in Manhattan Beach, California. Historically, Henrik Fisker and Geeta Gupta-Fisker found this company on October 3rd, 2016. Based on the electric car products, Fisker has launched some of its electric cars, namely Fisker Alaska, Fisker EMotion, Fisker PEAR, Fisker Ocean, and Fisker Orbit .
Financially, in 2021, based on the balance sheet and income statement conditions, the company has assets around 1.5 billion US Dollar with liabilities around 792 million US Dollar. Based on its business in 2021, the company can generate revenue around 106 thousand US Dollar but suffered Net loss around -471 Million US Dollar.
9.Nikola
Nikola Corporation is an American-based electric car company that has central office in Phoenix, Arizona. Historically, Trevor Milton found this company in 2014. Based on its product, there are some electric products launched by Nikola. Some of them are Nikola Two, Nikola Tre, Nikola One, Nikola Badger, Nikola NZT, Nikola Reckless, Nikola WAV.
Financially, based on the financial position and business performance in 2021, Nikola has assets around 989 million US Dollar with liabilities around 296 million US Dollar. Based on business performance in 2021, the company suffered net loss around -690 Million US Dollar.
10.Proterra
Proterra is an American electric automotive company that has central office in Burlingame, California. Historically, Dale Hill Founded this company in 2004. Some of Proterra’s products are EcoRide, Catalyst, and ZX5. Financially, in 2021, the company has assets around 981 million US Dolllar with liabilities around 261 million US Dollar. Based on the business performance in 2021, the company can generate revenue around 232 million US Dollar but suffered net loss around -250 Million US Dollar.
Bibliography of 10 World’s Biggest Electric Car Companies
Tesla. 2022.Annual Report 2021. Accessed via https://ir.tesla.com/#quarterly-disclosure on November 13th, 2022.
Rivian. 2022. Annual Report 2021. Accessed via https://rivian.com/investors on November 13th, 2022.
Lucid Motors. 2022. Annual Report 2021. Accessed via https://ir.lucidmotors.com/?_ga=2.206838931.1615612630.1668315557-497575296.1668315557 on November 14th, 2022.
NIO.2022. Annual Report 2021. Accessed via https://ir.nio.com/financials/annual-reports on November 14th, 2022.
Li Auto. 2022. Annual Report 2021. Accessed via https://liauto.gcs-web.com/financial-information/financial-reports on November 14th, 2022.
Xpeng. 2022. Annual Report 2021. Accessed via https://ir.xiaopeng.com/financials/annual-reports on November 14th, 2022.
Polestar. 2022. Annual Report 2021. Accessed via https://investors.polestar.com/financial-information/annual-reports on November 14th, 2022.
Proterra. 2022. Annual Report 2021. Accessed via https://ir.proterra.com/financials/sec-filings/default.aspx on November 14th, 2022.
Fisker. 2022. Annual Report 2021. Accessed via https://investors.fiskerinc.com/overview/default.aspx on November 14th, 2022.
Nikola. 2022. Annual Report 2021. Accessed via https://nikolamotor.com/investors on November 14th, 2022.
