10 World’s Largest Electric Car Companies in 2025

 

10 World’s Largest Electric Car Companies in 2025- According to the Annual Report of electric car corporations, there are 10 World’s largest electric car companies in 2025. This company has a huge market share of electric cars in 2025. Basically, electric cars are new breakthroughs in car technology using full and semi battery power as car driving force. An electric car, frequently referred to as an EV (Electric Vehicle), is a type of automobile powered either entirely or partially by electricity, rather than relying exclusively on a conventional internal combustion engine (ICE) fueled by gasoline or diesel. The electric car utilises a substantial battery pack to store electrical energy, which subsequently drives an electric motor to propel the vehicle's wheels, replacing the traditional gas tank mechanism.

 

Commonly, as technology develops, electric cars can be differentiated broadly, namely Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV). Basically, HEV (Hybrid Electric Vehicle) uses both a traditional internal combustion engine (gas or diesel) and an electric motor. The electric battery is relatively small and is charged entirely by the gas engine and regenerative braking. This car cannot be plugged into an external electric power source because it still relies entirely on gasoline for its initial energy source, it is the least "electric" of the group. Furthermore, PHEV (Plug-in Hybrid Electric Vehicle) has a similarity to an HEV, but it has a much larger battery capacity than Hybrid Electric Vehicle (HEV). It can be plugged into an external power source. Meanwhile, Battery Electric Vehicle (BEV) is a "pure" electric vehicle, and it has no gas tank. The BEV Car is powered 100% on electricity stored in a large battery pack that must be plugged in the external electricity source to charge.

 

The Rank of 10 World’s Largest Electric Car Corporations in 2025 Based on Total Electric Car Deliveries in 2025

 

Rank	Name of Electric Car Companies	Total Electric Car (EV) Deliveries in 2025
		(Units)
1	BYD	4,602,436
2	Geely	1,687,767
3	Tesla	1,636,129
4	Volkswagen	983,120
5	Wuling	897,582
6	Leapmotor	596,555
7	BMW	442,059
8	Xpeng	429,445
9	AITO	420,000
10	Li Auto	406,343
Source: Annual Report, 2025

 

 

In terms of the world's total car deliveries of electric cars in 2025, according to the Annual Report of each car company, there are some car companies which lead in the electric car market in 2025. Commonly, there are new companies and old car companies which have electric car products with distinctive characteristics and uniqueness. BYD still becomes the market leader in 2025, which successfully delivered its electric car around 4.6 million units. In the 2^nd position, Geely has delivered its electric cars of around 1.68 million units. Furthermore, Tesla can deliver its electric car around 1.63 million units. Furthermore, Germany-based-car corporations popular with conventional car products, namely Volkswagen Group and BMW Group also have some products of electric cars. In the year 2025, Volkswagen Group successfully delivered its electric cars of around 983 thousand units; meanwhile, BMW Group delivered around 442 thousand units in 2025.

 

The Histogram Rank of 10 World’s Largest Electric Car Corporations in 2025 Based on Total Electric Car Deliveries in 2025

 

The Rank of 10 World’s Largest Electric Car Corporations in 2025 Based on Total Assets and Total Liabilities in 2025

 

Rank	Name of Electric Car Companies	Total Assets	Total Assets	Total Liabilities	Total Liabilities	Source
		(Origin Currency)	(US Dollar (USD))	(Origin Currency)	(US Dollar (USD))
1	Volkswagen Group	EUR 644 billion	USD 759 billion	EUR 441 billion	USD 520 billion	Annual Report 2025
2	BMW	EUR 265 billion	USD 312 billion	EUR 168 billion	USD 198 billion	Annual Report 2025
3	Tesla	USD 137 billion	USD 137 billion	USD 54.9 billion	USD 54.9 billion	Annual Report 2025
4	BYD	CNY 883 billion	USD 132 billion	CNY 625 billion	USD 93.8 billion	Annual Report 2025
5	Geely	CNY 259.5 billion	USD 38.9 billion	CNY 136.9 billion	USD 20.5 billion	Annual Report 2024
6	Li Auto	USD 22 billion	USD 22 billion	USD 11.6 billion	USD 11.6 billion	Annual Report 2025
7	Xpeng	CNY 103.1 billion	USD 14.7 billion	CNY 72.7 billion	USD 10.4 billion	Annual Report 2025
8	Leapmotor	CNY 37.64 billion	USD 5.6 billion	CNY 27.57 billion	USD 4.1 billion	Annual Report 2024
9	Wuling	CNY 13.7 billion	USD 2 billion	CNY 10.7 billion	USD 1.6 billion	Annual Report 2024
Currency Rates:
1 Chinese Yuan (CNY) = 0.15 US Dollar (USD)
1 Euro (EUR) = 1.18 US Dollar (USD)

 

In terms of financial conditions of the electric vehicle companies, obtained from the latest published annual report in 2025 or 2024, the well-established car corporations like Volkswagen Group and BMW Group still have more total assets compared to other car companies. Specifically, in the year 2025, the total assets of Volkswagen Group are around EUR 644 billion or equivalent to USD 759 billion. Meanwhile, total assets of BMW Group are around EUR 265 billion or equivalent to USD 312 billion.      

 

The Rank of 10 World’s Largest Electric Car Corporations in 2025 Based on Total Revenue and Total Net Income in 2025

 

Rank	Name of Electric Car Companies	Total Revenue	Total Revenue	Net Income	Net Income	Source
		(Origin Currency)	(US Dollar (USD))	(Origin Currency)	(US Dollar (USD))
1	Volkswagen Group	EUR 324.6 billion	USD 383 billion	EUR 12.3 billion	USD 14.5 billion	Annual Report 2025
2	BMW Group	EUR 133.4 billion	USD 157 billion	EUR 7.45 billion	USD 8.8 billion	Annual Report 2025
3	BYD	CNY 803 billion	USD 120 billion	CNY 32.6 billion	USD 4.89 billion	Annual Report 2025
4	Tesla	USD 94.8 billion	USD 94.8 billion	USD 3.85 billion	USD 3.85 billion	Annual Report 2025
5	Geely	CNY 240 billion	USD 36 billion	CNY 16.7 billion	USD 2.5 billion	Annual Report 2024
6	Aito	CNY 165 billion	USD 24.8 billion	CNY 5.96 billion	USD 0.89 billion	Annual Report 2025
7	Li Auto	USD 16.6 billion	USD 16.6 billion	USD 0.162 billion	USD 0.162 billion	Annual Report 2025
8	Wuling	CNY 7.92 billion	USD 1.18 billion	CNY 0.111 billion	USD 0.017 billion	Annual Report 2024
9	Xpeng	CNY 76.71 billion	USD 10.97 billion	CNY -1.13 billion	USD -0.16 billion	Annual Report 2025
10	Leapmotor	CNY 32.1 billion	USD 4.81 billion	CNY -2.82 billion	USD -0.43 billion	Annual Report 2024
Currency Rates:
1 Chinese Yuan (CNY) = 0.15 US Dollar (USD)
1 Euro (EUR) = 1.18 US Dollar (USD)

 

In some other operational business performance, especially in the total net income or profit in 2025 or 2024, The Volkswagen Group still has the highest net income with value of around EUR 12.3 billion or equivalent to USD 14.5 billion. Furthermore, BMW also has huge net income with a total nominal value of around EUR 7.45 billion or equivalent to USD 8.8 billion. Meanwhile, the pioneer of electric vehicles companies, namely Tesla and BYD, gained net income in 2025. Tesla successfully gained net income of around USD 3.85 billion and BYD with CNY 32.6 billion or equivalent to USD 4.89 billion.

 

Brief Description of 10 World’s Largest Electric Car Companies in 2025

 

1.    Tesla   

Tesla still became one of the pioneering corporations in introducing electric cars in the world. Based on its history, Tesla was founded on July 1st, 2003, by Martin Eberhard and Marc Tarpenning. As of now, this company has its central office in Tesla Road, Austin, Texas, United States of America. With the help of Elon Musk as an investor and leader in this company, Tesla has now become one of the biggest automotive companies in the World with total employees of around 134 thousand people across the nations. Basically, Elon Reeve Musk, or popularly known as Elon Musk was born on June 28, 1971. As an investor, he joined Tesla in 2004 and has still become the CEO of Tesla until now. In electric automotive products, Tesla has launched some electric cars, namely the Model 3, Y, S, X and Cyber Truck. Overall, in the year 2025, total electric car production of Tesla reached 1,654,667 units and successfully delivered its electric car to customers reaching 1,636,129 units. Besides producing cars, Tesla Inc also produces some green products, namely lithium-ion batteries, Solar Panels.

Financially, in the year 2025, according to its annual report, Tesla Inc has total assets of around USD 137 billion with total liabilities of around USD 54.9 billion. In terms of business performance in 2025, Tesla successfully gained total revenue of around USD 94.8 billion with net income of around USD 3.85 billion.

             

2.    BYD     

Founded by Wang Chuanfu in 2005 and still headquartered in Shenzhen, Guangdong, China, BYD has grown into one of the leading rechargeable battery manufacturers in the world. Specifically, the Group has developed “Blade Batteries,” the highly safe LFP batteries. Until 2003, BYD Auto was established in January 2003 as a subsidiary of BYD Company and started BYD in the electric car business. Until 2026, In terms of electric vehicles, BYD has released some models of electric car including BYD Seagull, BYD Song, BYD Qin, BYD Yuan, BYD Seal 06, BYD Dolphin, BYD Sea Lion, BYD Yuan Plus, BYD Song L DM-i, BYD Seal 05DM-I, BYD Han, others. As of 2025, BYD delivered more than 4,602,436 units of New Energy Vehicles specifically of electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs) in 2025.

In the other aspects, financially, according to its annual report of 2025, BYD has total assets of around CNY 883 billion or equivalent to USD 132 billion with total liabilities of around CNY 625 billion or equivalent to USD 93.8 billion. In terms of business performance in 2025, BYD successfully gained total revenue of around CNY 803 billion or equivalent to USD 120 billion with net income of around CNY 32.6 billion or equivalent to USD 4.89 billion.

 

3. Volkswagen (VW) Group

Volkswagen AG, or Volkswagen Group, is a German multinational conglomerate automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. As of 2026, Volkswagen Group has managed, manufactured, and sold some car brands including the Audi, Bentley, Cupra, Jetta, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands. In terms of electric vehicle, Volkswagen Group has released of electric car from almost of its brands including Audi (Audi Q4 e-tron, Q4 Sportback e-tron, Q6 e-tron, SQ6 e-tron, Audi Q8 e-tron, SQ8 e-tron), Volkswagen (Volkswagen ID.4, ID.5, ID.3, ID.7, ID. Buzz), CUPRA (Born, Raval, Tavascan), SKODA (Škoda Elroq, Škoda Enyaq , Škoda Epiq, Škoda Peaq), Lamborghini (Revuelto, Temerario, Urus SE), and Porsche (Taycan,Cayenne Electric, Macan Electric). Operationally, of all models, Volkswagen Group successfully delivered all-electric vehicles (BEVs) reaching 983,120 units in 2025.

In terms of financial aspects in 2025, Volkswagen (VW) group has total assets of around EUR 644 billion or equivalent to USD 759 billion with total liabilities of around EUR 441 billion/ USD 520 billion. Related to business performance, Volkswagen Group successfully gained total revenue of around EUR 324.6 billion or equivalent to USD 383 billion with net income of around EUR 12.3 billion or equivalent to USD 14.5 billion.

 

4.    BMW Group

Bayerische Motoren Werke Aktiengesellschaft (BMW AG) or commonly known as BMW Group is a global carmaker company which has headquarters in Munich, Germany. To date, BMW AG has sold some car brands including BMW, Mini, and Rolls-Royce brands and its motorcycles are marketed under the BMW Motorrad brand. Popular with conventional luxury cars, BMW Group also released some electric cars from its brands including BMW (i4, i5, i7, iX), Rolls-Royce Spectre, MINI (Countryman SE, Cooper SE, Cooper SE). Operationally, of all models, BMW Group successfully delivered all-electric vehicles (BEVs) reaching 442,059 units in 2025.

Financially, in the year 2025, BMW Group has total assets of around EUR 265 billion or equivalent to USD 312 billion with total liabilities of around EUR 168 billion or equivalent to USD 198 billion. In terms of business performance in 2025, BMW group has total revenue of around EUR 133.4 billion or equivalent to USD 157 billion with net income of around EUR 7.45 billion or equivalent to USD 8.8 billion.

  

5.    Geely  

Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding is a Chinese automotive corporation headquartered in Hangzhou, China. Historically, the company was founded by Li Shufu in 1986. In the beginning, Geely's business was in the refrigerator part and later changed into motorcycles in 1994 and entered the automotive industry in 1997. To date, Geely manufactures and sells vehicles under the brands of Geely, Lynk & Co and Zeekr. Statistically, in the year of 2024, Geely sold a total of 3,024,567 units of vehicles in 2025 with total sales of New Energy Vehicle (NEV) reaching 1,687,767 units. In terms of electric cars, Geely has some electric cars including Geely Galaxy EX2, Geely Galaxy E5, Geely Galaxy E8, Geely Geometry C, Zeekr (Zeekr 001 and Zeekr X).

 

Financially, according to its annual report of 2024, Geely has total assets of around CNY 259.5 billion or equivalent to USD 38.9 billion with total liabilities of around CNY 136.9 billion or equivalent to USD 20.5 billion. In terms of business performance in 2025, Geely successfully gained total revenue of CNY 240 billion or equivalent to USD 36 billion from all its business with net income of around CNY 16.7 billion or equivalent to USD 2.5 billion.

 

6.    Li Auto

Li Auto Inc is an electric car manufacturer headquartered in Beijing, with manufacturing facilities located in Changzhou. Historically, Li Auto was founded by Li Xiang in 2015, the company is known for producing electric vehicles equipped with range extender petrol engines. As of December 31, 2025, in China, Li Auto had 548 retail stores in 159 cities, 561 servicing centers and Li Auto-authorized body and paint shops operating in 224 cities, and 3,907 super charging stations in operation equipped with 21,651 charging stalls. In terms of electric cars, Li Auto has some electric car products including L6, L7, L8, L9, i6, i8, and others. Overall, in the year 2025, Li Auto successfully delivers 406,343 units of electric cars in 2025.

Financially, according to its annual report of 2025, Li Auto has total assets of around USD 22 billion with total liabilities of around USD 11.6 billion. In terms of business performance, Li Auto successfully gained total revenue of USD 16.6 billion with net income of around USD 0.162 billion.

 

7.    Xpeng 

Guangzhou Xiaopeng Motors Technology Co., Ltd., or known as XPeng Motors is a Chinese electric car manufacturer which is headquartered in Guangzhou, Guangdong. Historically, XPeng was founded in August 2014 by Xia Heng (Henry Xia) and He Tao. In terms of electric cars, XPeng Motors has some electric car products including Sedan (Mona M03, P7, P7+), SUV (G6, G7, G9, G9L, GX), and MPV (X9). Operationally, in the year of 2025, total electric car deliveries of Xpeng reached 429,445 units.        

In the financial aspects, according to its annual report of 2025, Xpeng has total assets of around CNY 103.1 billion or equivalent to USD 14.7 billion with total liabilities of around 72.7 billion or equivalent to USD 10.4 billion. In terms of business performance in 2025, Xpeng successfully gained total revenue of around CNY 76.71 billion or equivalent to USD 10.97 billion but suffered net loss of around CNY -1.13 billion or equivalent to USD -0.16 billion.

 

8.    Leapmotor  

Zhejiang Leapmotor Technology Co., Ltd., known as Leapmotor is a Chinese automobile manufacturer headquartered in Hangzhou, China, specializing in developing electric vehicles. Historically, Leapmotor was founded in 2015, and sold its first vehicles in 2019. In 2023, Stellantis acquired 20 percent of Leapmotor's share and still became one of the majority shareholders in Leapmotor. In terms of electric cars, Leapmotor has some products including T03, Lafa 5/B05, B01, C01, A10/B03X, B10, C10, C11, C16, D19. In the year 2025, total car deliveries of Leapmotor reached 596.555 units worldwide. 

Financially, according to its annual report of 2024, Leapmotor has total assets of around CNY 37.64 billion or equivalent to USD 5.6 billion with total liabilities of around CNY 27.57 billion or equivalent to USD 4.1 billion. In terms of business performance in 2024, Leapmotor successfully gained total revenue of around CNY 32.1 billion or equivalent to USD 4.81 billion but suffered net losses of around CNY -2.82 billion or equivalent to USD -0.43 billion.

 

9.    Wuling

 

Wuling Motor Holdings., Ltd or commonly known as Wuling is a Chinese manufacturer of automobiles, subsidiary of Guangxi Automotive Group established in 1982. In terms of cars, Wuling Motors manufactures car brands of Wuling, Baojun, and Linxys. Operationally, Wuling Motor still has its headquarters in Liuzhou, Guangxi, China. Operationally, in terms of electric cars, Wuling Motor has some electric car products including Wuling Air EV, Wuling Binguo EV, Wuling Cloud EV, Wuling Eksion EV, and others. In the year 2025, SAIC-GM-Wuling delivered 897,582 units of electric vehicles (including Baojun models).

 

Financially, according to its annual report of 2024, Wuling Motor has total assets of around CNY 13.7 billion or equivalent to USD 2 billion with total liabilities of around CNY 10.7 billion or equivalent to USD 1.6 billion. In terms of business performance in 2024, Wuling Motor successfully gained total revenue of around CNY 7.92 billion or equivalent to USD 1.18 billion and net income of around CNY 0.111 billion or equivalent to USD 0.017 billion.

 

10.     Aito  (Seres Group)

AITO is a Chinese electric car brand owned by Chinese vehicle manufacturer Seres Group with collaboration of Huawei. Historically, the AITO brand was launched at the Seres Group's Liangjiang factory in Chongqing on December 2, 2021. In terms of electric cars, AITO has some electric car products including AITO M5 EV (Compact/Mid-Size Sport SUV), AITO M7 EV (Mid-Size Luxury SUV), AITO M9 EV (Full-Size Flagship SUV). In the year 2025, total car deliveries of AITO topped 420,000 vehicles, with a record 57,000 units delivered in December.

Financially, in terms of business performance in 2025, Aito successfully gained total revenue of around CNY 165 billion or equivalent to USD 24.8 billion with net income of around CNY 5.96 billion or equivalent to USD 0.89 billion.

 

The Reference of 10 World’s Largest Electric Car Corporations in 2025

 

Autovista24.2026. Which brand sold the most EVs in 2025? Accessed via https://autovista24.autovistagroup.com/news/which-brand-sold-the-most-evs-in-2025/  on April 5th, 2026.

 

Xpeng. 2026. Annual Report 2025. Accessed via https://ir.xiaopeng.com/news-releases/news-release-details/xpeng-reports-fourth-quarter-and-fiscal-year-2025-unaudited?mobile=1 on May 18th, 2026.

 

Volkswagen Group. 2026. Annual Report 2025. Accessed via  https://www.volkswagen-group.com/en/annual-report-and-full-year-results-2025-20174 on May 19th, 2026.

BMW. 2026. Annual Report 2025. Accessed via https://www.bmwgroup.com/en/report/2025/index.html on May 19th, 2026.

Tesla. 2026. Annual Report 2025. Accessed via https://ir.tesla.com/_flysystem/s3/sec/000162828026003952/tsla-20251231-gen.pdf  on May 19th, 2026.

BYD. 2026. Annual Report 2025. Accessed via https://www.bydglobal.com/cn/en/BYD_ENInvestor/InvestorAnnals_mob.html  on May 19th, 2026.

Geely. 2026. Annual Report 2024. Accessed via https://www.geelyauto.com.hk/financial-documents/  on May 19th, 2026.

Li Auto. 2026. Annual Report 2025. Accessed via https://liauto.gcs-web.com/financial-information/financial-reports on May 19th, 2026.

Leapmotor. 2026. Annual Report 2024. Accessed via https://ir.leapmotor.com/en/  on May 19th, 2026.

Wuling. 2026. Annual Report 2024. Accessed via https://www.wuling.com.hk/en/investor-relations/financial-reports/  on May 19th, 2026.

 

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