The market capitalisation of a company is its estimated value as decided by the stock market. It is characterized as the sum market value of all outstanding shares.
It refers to the company’s market worth. It is simple to calculate and quite straightforward. The market capitalization of a company can be found by multiplying the share price by the number of outstanding shares.
The market capitalisation of a company is frequently used to estimate its size and compare its financial performance to other businesses of varying sizes. It can be a useful statistic in selecting which stocks to be interested in and how to diversify the portfolio with companies of various sizes because it is relatively straightforward and efficient for risk assessment. It also aids in comprehending the connection between risk, return potential, and company size. It also helps analyze market perceptions and helps indicates what investors are ready to pay for their shares.
Market capitalization often divides companies into three categories: large-cap with revenue of $10 billion or more; mid-cap with revenue of $2 billion to $10 billion; and small-cap with revenue of $300 million to $2 billion.
Companies with higher market capitalizations tend to be safer bets when investing because they represent to be more mature with typically longer duration of the operation.
Largest EV Automakers by Market Capitalization
The market for electric vehicles is expanding quickly. Even though there are currently relatively few electric vehicles on the road, the market capitalization by the top manufacturers is high.
There are 7106 electric vehicle manufacturers in total, with a market valuation of $83.908 trillion.
The Largest EV automakers are included in this list based on their market capitalisation. Some of the automakers have made their mark on the automotive industry recently and they made it to the list by only producing all-electric cars. Others in the list are well-known automakers that have only lately entered the electric vehicle market. Although American EV automakers are the biggest EV producers, Chinese EV automakers are also gaining market dominance.
Tesla’s market capitalization as of December 2022 is $487.80 billion. According to market valuation, this places Tesla as the eighth most valuable corporation in the world.
Tesla is an American business that produces and markets electric vehicles as well as photovoltaic and power storage equipment. The corporation wants to hasten the switch to renewable energy. It is an energy and automobile corporation. It creates, develops, produces, sells, and rents energy generation and storage technologies in addition to electric automobiles. Additionally, the business sells solar electricity, installs and maintains energy systems, and provides end-to-end clean energy products, including generation, storage, and consumption. In terms of market capitalization and sales, it is without a doubt in first place among the largest electric car manufacturers.
The Tesla brand is primarily recognised for its automobiles. The majority of the Tesla brand’s vehicles include the Tesla Cybertruck, Tesla Model 3, Tesla Model S, Tesla Model X, and Tesla Model Y. The Tesla brand’s debut product is probably going to win the pickup truck market.
#2. Li Auto
Li Auto’s market capitalization was $22.62 billion as of December 2022. In terms of market capitalization, this places Li Auto as the 751st most valuable company in the world.
Li Auto is a business with its headquarters in Beijing, China. It is a pioneer among Chinese manufacturers of electric vehicles. The business creates, develops, produces, and markets high-end smart electric vehicles.
The company’s primary area of focus is on high-end electric SUVs for the Chinese market. Li-One, Li Auto L9, Li Auto L8, and Li Auto L7 are four models made available to the public by the company currently.
The market capitalization of Rivian was $21.67 billion as of December 2022. According to market valuation, this places Rivian as the 781st most valuable company in the world.
Rivian Automotive is a business based in Irvine, California. It creates, refines, and produces electric vehicles and accessories that define their respective categories and sells them directly to customers. Amazon is found to be supporting it. It was established in 2009.
Both the all-electric truck “R1T” and the all-electric SUV “R1S” are available. The Rivian R1T pickup truck made its appearance initially, then the R1S SUV soon after. Both cars can go over difficult terrain and have a tonne of technological features.
NIO’s market cap as of December 2022 is $20.88 billion. In terms of market value, this places NIO as the 803rd most valuable company in the world.
NIO, a business with headquarters in Shanghai, China, is a market leader for high-end smart electric vehicles. It was founded in 2015. Premium smart electric vehicles with cutting-edge capabilities in autonomous driving, digital technology, electric powertrains, and batteries are designed, developed, cooperatively manufactured, and sold by the firm.
A total of six electric vehicles are now produced by Nio, including the ET5 sedan, ES8 flagship SUV, ESD6 SUV, EC6 coupe SUV, ES7 SUV, and ET7 flagship sedan.
#5. Lucid Motors
Market capitalization for Lucid Motors was $12.90 billion as of December 2022. According to market value, this places Lucid Motors as the 1211th most valuable company in the world.
American electric vehicle producer Lucid Motors has its main office in Newark, California. The business was established in 2007. In September 2021, it started producing the first all-electric Air sedans in Arizona and started shipping them to consumers. They place a strong emphasis on innovation, luxury, and sustainability while also paying close attention to design and efficiency.
Lucid Air is a well-known product of Lucid Motors. It is a high-end electric automobile. The Air is the only model that Lucid Motors currently offers. Pure, Touring, Grand Touring, and Grand Touring Performance are the four classifications in Lucid offers the Air. A fifth limited edition Dream Edition was made available by Lucid, however, it sold out.
Polestar’s market capitalization as of December 2022 is $11.34 billion. In terms of market valuation, this places Polestar as the 1323rd most valuable company in the world.
Swedish automaker Polestar was founded in 1996 by Flash/Polestar Racing, a partner of Volvo Cars, and was purchased by Volvo in 2015. Polestar specialises in electric performance vehicles with cutting-edge technology and design. It is at the forefront of electromobility, providing top-tier electric vehicles as well as cutting-edge, customer focused services and offers. They are committed to advancing the transition to a totally electric, climate neutral future in order to better society.
Two electric performance vehicles have been produced by Polestar. The Polestar 1 debuted on October 17, 2017. The Polestar 2 was the second vehicle unveiled in 2019. A limited edition version of Polestar 2 called BST edition 270 was released in 2022. They also announced the launch of the Polestar 3, which will be followed by the Polestar 4, 5, and 6 in the years to come.
The market capitalization of XPeng was $8.91 billion as of December 2022. According to market valuation, this places XPeng as the 1586th most valuable company in the world.
Smart vehicles are created and manufactured by the electric vehicle and technology business Xiaopeng Motors. With a focus on regional requirements and the customer experience, Xiaopeng Motors’ vehicles go beyond the sum of their individual parts by incorporating internet technology and autonomous driving technologies. In addition to being committed to providing every family with technology services, Xpeng Motors also wants to become a friend who fully comprehends you. Experts from leading businesses in the industry are available at Xpeng. Xpeng is the leading innovator in this sector thanks to electric cars, the Internet, cross border brand retail integration, and internet integration.
Four electric vehicles have been introduced by XPeng, including the XPeng G9 SUV, XPeng G3i SUV, XPeng P7 sedan, and XPeng P5 sedan.
Leapmotor’s market capitalization as of December 2022 is $4.35 billion. According to market capitalization, this places Leapmotor as the 2549th most valuable company in the world.
Leapmotor is based in Hangzhou, China. It was established on December 2015. It is an expert in creating electric automobiles. The company’s business range includes solutions for cloud based automotive networking, intelligent electric vehicle design and research and development, intelligent driving, motor electronic control, and battery system development. It has expertise in process systems, quality management, and technological research and development. The business places a strong emphasis on the engineering culture and pursues technological innovation, industrial design, and process quality to the fullest extent possible.
Although the Leapmotor brand and company have only recently been established, their models show great promise. The C11 a mid size electric SUV, the T03 electric minivan, and the S01 automobile are just a few of the numerous products the company currently sells. It intends to introduce and provide C01 to the audience as well.
Market capitalization for Fisker as of December 2022 is $2.24 billion. According to market capitalization, this places Fisker as the 3553rd most valuable firm in the world.
Henrik Fisker and his wife started the Fisker automobile firm in the United States. Based in Southern California, it was established in 2016. It is an American automobile manufacturer that creates and develops cutting edge electric vehicles with a greater range, the capacity to drive themselves, and improved battery technology.
The Ocean EV is one of Fisker’s first electric SUVs. It debuted on October 7th, 2022. There are four trim levels for the electric vehicle SUV, one of which is a limited edition. In addition to this, the business plans to introduce and debut the PEAR EV in 2024.
Proterra has a market valuation of $1.05 billion as of December 2022. According to market capitalization, this places Proterra as the 4539th most valuable company in the world.
Proterra is a Burlingame, California-based manufacturer of automobiles and energy storage systems. The business develops and produces heavy-duty vehicle fleet charging systems, battery systems for other heavy-duty vehicle manufacturers, and battery electric transit buses. It was founded in 2004.
The Proterra EcoRide was the company’s first battery-powered bus, and the larger Catalyst took its place in 2014. In 2020, the Catalyst was discontinued. The Proterra ZX5 was introduced as the Catalyst’s replacement. These model variants all had the same composite chassis but different design elements.
We are progressing toward decarbonizing the transportation sector, and electric vehicles are on the horizon for the same purpose. The pace of the EV industry’s evolution is unmatched. Energy, infrastructure, mobility, and automotive industries help a lot. Despite being a significant challenge, it offers both established players and newcomers a great chance to play a key role in developing new, multi-billion dollar industries and jobs. Electric vehicle automakers integrating sustainability with economic viability will need the use of cutting edge technologies and well planned mobility transformations.