20 World’s Largest Car Corporations

 

20 World’s Largest Car Corporations in 2025

 

20 World’s Largest Car Corporations in 2025- According to the Annual Report in 2025, there are 20 World’s Largest Car Corporations. Basically, in this article, the rank is clustered into total assets and net income / profit of car corporations in 2025. The corporations that we ranked are public corporations which have listed their stocks in stock markets and many people can buy and trade their stock, as well as looking at their financial conditions. With these conditions as a public company, many people can access the financial statements of the company from time to time/ periodically.  

Commonly, automotive corporations are a wide array of corporations dedicated to the design, development, manufacturing, marketing, and selling of cars. These corporations range from massive multinational conglomerates with numerous brands to niche manufacturers focused on specific market segments. Financially, with this huge market share in many countries, car corporations have a billion US dollars of total assets and successfully generated billions of US Dollar (USD) of net income in 2025.

 

Many of us still know these car corporations because many people use vehicle products from these corporations. Many different models, brands, and technologies can be seen from their products. Here is the rank of 20 world’s largest car corporations based on the amount of net income/profit obtained by each car company in 2025. The data on net income / profit can be seen in the income statement of the Annual Report in 2025.

 

Rank of 20 World’s Largest Car Corporations in 2025 Based on Net Income

 

Rank	Name of Car Corporations	Total Revenue		Net Income
		Origin Currency	US. Dollar	Origin Currency	US. Dollar
1	Toyota Motor Corp.	JPY 50,648 billion	USD 309 billion	JPY 3,985 billion	USD 24.3 billion
2	Volkswagen AG	EUR 324.6 billion	USD 383 billion	EUR 12.3 billion	USD 14.5 billion
3	BMW Group	EUR 133.4 billion	USD 157 billion	EUR 7.45 billion	USD 8.8 billion
4	Hyundai Motor Co.	KRW 186 trillion	USD 122 billion	KRW 10.3 trillion	USD 6.8 billion
5	Mercedes-Benz Group	EUR 132 billion	USD 151 billion	EUR 5.33 billion	USD 6 billion
6	KIA	KRW 114,140 billion	USD 77.6 billion	KRW 7,554 billion	USD 5.2 billion
7	BYD	CNY 803 billion	USD 120 billion	CNY 32.6 billion	USD 4.89 billion
8	Tesla	USD 94.8 billion	USD 94.8 billion	USD 3.85 billion	USD 3.85 billion
9	Volvo Group	SEK 479 billion	USD 47.9 billon	SEK 34.7 billion	USD 3.47 billion
10	General Motors Co.	USD 185 billion	USD 185 billion	USD 2.69 billion	USD 2.69 billion
11	Geely	CNY 345 billion	USD 51.76 billion	CNY 16.8 billion	USD 2.52 billion
12	Ferrari NV	EUR 7.15 billion	USD 8.2 billion	EUR 1.60 billion	USD 1.82 billion
13	Li Auto	USD 16.6 billion	USD 16.6 billion	USD 0.162 billion	USD 0.162 billion
14	Mitsubishi Motor	JPY 2,896 billion	USD 17.66 billion	JPY 10 billion	USD 0.061 billion
15	Xpeng	CNY 76.7 billion	USD 11.5 billion	(CNY -1.1 billion)	(USD -0.17 billion)
16	Honda Motor Co.	JPY 21.8 trillion	USD 137 billion	JPY -414 billion	USD -2.61 billion
17	Nissan	JPY 12,007 billion	USD73.2 billion	(JPY -533 billion)	(USD -3.26 billion)
18	Ford Motor Co.	USD 187.3 billion	USD 184 billion	(USD -8.1 billion)	(USD -8.1 billion)
19	Renault Group	EUR 57.92 billion	USD 66 billion	(EUR -10.8 billion)	(USD -12.31 billion)
20	Stellantis	EUR 154 billion	USD 175.6 billion	(EUR -22.3 billion)	(USD -25.4 billion)
Source: Annual Report, 2025
Origin Currency: Currency Officially Used in Annual Report 2025
US Dollar: Currency that is converted to US Dollar from Origin Currency Using Currency Rates Below
Currency Rates:
	1 Japanese Yen (JPY) = 0.0061 US Dollar (USD)
	1 Euro (EUR) = 1.14 US Dollar (USD)
	1 Korean Won (KRW) = 0.00068 US Dollar (USD)
	1 Chinese Yuan (CNY) = 0.15 US Dollar (USD)
	1 Swedish Krona (SEK) = 0.10 US Dollar (USD)

 

 

Of course, from the rank above, several big players such as Volkswagen AG, Toyota Motor Corp, Hyundai Motors, BMW Group, KIA, and Mercedes-Benz Group are still the top 6 world's biggest car corporations based on net income in 2025. 

In addition to analyzing the company’s income and revenue, we also analyze the data related to the company’s total assets and total liabilities taken from the balance sheet of the annual report of each company in 2025. The total assets and liabilities can describe the financial position of the company in 2025. Logically, corporations with less total liabilities than assets can be an indication of healthier corporations.

 

The Rank of 20 World’s Largest Corporations Based on Total Assets in 2025

 

 

Rank	Name of Car Corporations	Total Assets		Total Liabilities
		Origin Currency	US. Dollar	Origin Currency	US. Dollar
1	Volkswagen AG	EUR 644 billion	USD 759 billion	EUR 441 billion	USD 520 billion
2	Toyota Motor Corp.	JPY 105,522 billion	USD 643.7 billion	JPY 64,502 billion	USD 393.5 billion
3	BMW Group	EUR 265 billion	USD 312 billion	EUR 168 billion	USD 198 billion
4	Mercedes-Benz Group	EUR 255 billion	USD 291 billion	EUR 161.2 billion	USD 184 billion
5	Ford Motor Co.	USD 285 billion	USD 285 billion	USD 240 billion	USD 240 billion
6	General Motors Co.	USD 281 billion	USD 281 billion	USD 218 Billion	USD 218 Billion
7	Hyundai Motor Co.	KRW 368 trillion	USD 243 billion	KRW 241 trillion	USD 195 billion
8	Stellantis	EUR 195 billion	USD 222 billion	EUR 141 billion	USD 161 billion
9	Honda Motor Co.	JPY 33.5 trillion	USD 211 billion	JPY 31.5 trillion	USD 198 billion
10	Renault Group	EUR 121 billion	USD 138 billion	EUR 98.7 billion	USD 113 billion
11	Tesla	USD 137 billion	USD 137 billion	USD 54.9 billion	USD 54.9 billion
12	BYD	CNY 883 billion	USD 132 billion	CNY 625 billion	USD 93.8 billion
13	Nissan	JPY 19,812 billion	USD 120.9 billion	JPY 15,013 billion	USD 91.6 billion
14	KIA	KRW 98,979 billion	USD 67.3 billion	KRW 37,788 billion	USD 25.7 billon
15	Volvo Group	SEK 649 billion	USD 64.9 billion	SEK 470 billion	USD 47 billion
16	Geely	CNY 290 billion	USD 43.5 billion	CNY 197 billion	USD 30 billion
17	Li Auto	USD 22 billion	USD 22 billion	USD 11.6 billion	USD 11.6 billion
18	Xpeng	CNY 103.2 billion	USD 15.5 billion	CNY 72.8 billion	USD 10.9 billion
19	Mitsubishi Motor	JPY 2,418 billion	USD 14.7 billion	JPY 1,455 billion	USD 8.9 billion
20	Ferrari NV	EUR 9.62 billion	USD 11 billion	EUR 5.72 billion	USD 6.52 billion
Source: Annual Report, 2025
Origin Currency: Currency Officially Used in Annual Report 2025
US Dollar: Currency that is converted to US Dollar from Origin Currency Using Currency Rates Below
Currency Rates:
	1 Japanese Yen (JPY) = 0.0061 US Dollar (USD)
	1 Euro (EUR) = 1.14 US Dollar (USD)
	1 Korean Won (KRW) = 0.00068 US. Dollar (USD)
	1 Chinese Yuan (CNY) = 0.15 US Dollar (USD)
	1 Swedish Krona (SEK) = 0.10 US Dollar (USD)

 

Regarding the 20 Largest Car Corporations in the World in 2025, here are some brief explanations related to the description of each company taken from various sources, especially data from the Company’s Annual Report.

 

In the annual Report of 2025, we also looked at and analyzed the other variables related to the business performance of world’s largest automotive or car corporations, namely total vehicle sales. In these variables, we can see total sales of cars throughout the year 2025 from each car manufacturing company which successfully sold cars achieving thousands and millions of units.

 

The Rank of 20 World’s Largest Corporations Based on Total Vehicle Sales in 2025

 

Rank	Name of Car Companies	Total Car/ Vehicle Sales in 2025
		(in Units)
1	Toyota Motor Corporations	9,362,410
2	Volkswagen Group	9,022,111
3	General Motors Co.	6,184,000
4	Stellantis	5,484,000
5	BYD	4,602,436
6	Ford Motor Co.	4,395,000
7	Hyundai Motor	4,138,389
8	Honda Motor	3,387,000
9	Nissan	3,151,000
10	KIA	3,135,803
11	BMW Group	2,463,681
12	Mercedes-Benz Group	2,160,427
13	Renault Group	2,336,807
14	Geely	1,687,767
15	Tesla	1,636,129
16	Mitsubishi Motor	797,000
17	Volvo Group	710,042
18	Leapmotor	596,555
19	Xpeng	429,445
20	Li Auto	406,343
21	Ferrari	13,640
Source: Annual Report, 2025

 

 

From the table above, The Toyota Motor Company still became the car manufacturer company which has the best-selling car in the year of 2025 with total vehicle units reaching 9.36 million units. Meanwhile, Volkswagen Group is still behind Toyota with total vehicle sales reaching 9.0 million units. Furthermore, General Motor, Stellantis N.V., BYD Company Ltd, Ford Motor Company, Hyundai Motor Company also still becomes the top 10 best-selling car corporations throughout the year of 2025 with total vehicle sales reaching 6.1 million units, 5.4 million units, 4.6 million units, 4.3 million units, and 4.1 million units, respectively.

 

The Summary of 15 World’s Largest Car Corporations in 2025 Based on Total Assets

 

The Summary of 15 World’s Largest Car Corporations in 2025 Based on Net Income 

 

 The Summary of 15 World’s Largest Corporations Based on Total Vehicle Sales in 2025

 

Brief Description of 20 World’s Largest Car Corporations in 2025

 

1.Volkswagen AG

Founded on May 28, 1937, and still has a head office in Wolfsburg, Germany, Volkswagen has become one of the world’s largest car corporations in 2025 with the total workforce being around 679 thousand people across the nation. Along with business development in 2024, The Volkswagen Group operated in 153 countries producing miscellaneous vehicle brands such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT/ CUPRA, Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, International, and SKODA. In addition, Volkswagen AG has a stake in the truck, bus, and diesel engine manufacturers, namely Scania AB, International, VW Trucks, and MAN SE. Specifically, in 2025, total vehicle sales of Volkswagen Group from all brands achieved 9.02 million units.

Financially according to the annual report, in 2025, the Volkswagen Group successfully generated total revenues of EUR 324.6 billion or equivalent to USD 383 billion with gaining a net income of EUR 12.3 billion or equivalent to USD 14.5 billion. In terms of financial position, Total Assets of Volkswagen Group in 2025 reached EUR 644 billion or equivalent to USD 759 billion  with total liabilities of around EUR 441 billion or equivalent to USD 520 billion.

           

2.Toyota Motor Corp.

Toyota Motor Corporation is one of the world’s largest car corporations from Japan. Based on its history, the company was founded by Kichiro Toyoda on August 28, 1937. Until now, Toyota Motor Corporation produced vehicles under various brands such as Camry, Corolla, RAV4, Highlander, Yaris, Hilux, Tacoma, Sienna, Avanza, Innova, Hino, Lexus, Ranz, and Daihatsu brands. In addition, this company also has shares in several well-known car corporations such as Subaru Corporation with 20.02% of the stake, 5.1% of stake in Mazda, 4.9% of stake in Suzuki, 4.6% of stake in Isuzu, 3.8 % of shares in Yamaha Motor Corporation, and 2.8% of shares in Panasonic, as well as several business partnerships in China, namely GAC Toyota and Sichuan FAW Toyota Motor, in India namely Toyota Kirloskar, and several partnerships in foreign countries. As of 2025, Toyota Motor Corporation has 380 thousand employees, and Toyota Motor Corporation successfully sold a total vehicle around 9,443 thousand units globally.

Financially, in 2025, based on its financial performance on the annual report of 2025, Toyota Motor successfully generated total revenues of JPY 50,648 billion or equivalent to USD 309 billion with a net income of JPY 3,985 billion or equivalent to USD 24.3 billion. In the financial positions, based on the balance sheet in 2025, Toyota Motor Corporation has total assets of around JPY 105,522 billion or equivalent to USD 643.7 billion with total liabilities of around JPY 64,502 billion or equivalent to USD 393.5 billion.

 

3. Mercedes-Benz Group

Mercedes-Benz Group is one of the world’s largest car corporations in 2025 headquartered in Stuttgart, Baden-Württemberg, Germany that was formerly known as Daimler-Benz and Daimler Chrysler. This company is generally known as the Mercedes-Benz car brand. Historically, Daimler-Benz was formed with the merger of Benz & Cie and Daimler Motoren Gesellschaft in 1926. The company was later renamed Daimler Chrysler following the acquisition of American automaker Chrysler Corporation in 1998, but it was renamed again as Daimler AG following the divestment of Chrysler to Cerberus Capital Management in 2007 (Chrysler is currently owned by Stellantis). Until, on 28 January 2022, initiated by, CEO Ola Källenius announced that Daimler is rebranded as Mercedes-Benz to pursue a higher valuation for the company as it shifts deeper into high-tech electric vehicles.

 

In 2025, Mercedes-Benz had several cars, buses, trucks, and motorcycle brands including Mercedes-Benz Cars (Mercedes-Benz, Mercedes-AMG (High-performance vehicles), Mercedes Maybach), Smart, Mercedes-Benz Vans, Mercedes-Benz Mobility. As of 2025, Mercedes-Benz Group has total employees reaching 175,264 people. In addition, Mercedes-Benz group has over 30 production facilities in Europe (Germany, Poland, Czech Republic, Hungary, Slovenia, Romania, Spain), North America (USA and Mexico) and South America (Argentina), Asia (India, China, Thailand, Vietnam, Malaysia) and Africa (Egypt and South Africa). Overall, in the automotive industry, Mercedes-Benz Group successfully sold vehicles reaching 2.16 million units in the year of 2025. Specifically, In the year of 2025, some of the best-selling vehicles of Mercedes-Benz Group car brands are C-Class with total vehicle sales reaching 667,063 units, E-Class (512,413 units), A-Class (354,792 units), B-Class (152,185 units), Mercedes-AMG (142,319 units), S-Class (105,564 units), G-Class (48,214 units), and Mercedes-Maybach (21,302 units).

Financially, in 2025, the Mercedes-Benz Group earned total revenue of EUR 132 billion, or equivalent to USD 151 billion, and a net income of EUR 5.3 billion or equivalent to USD 6 billion. In terms of financial position on the balance sheet of 2025, Mercedes-Benz Group has total assets of around EUR 255 billion or equivalent to USD 291 billion with total liabilities of around EUR 161 billion or equivalent to USD 184 billion.

 

4.General Motors Company

The General Motors Company is one of the world’s largest car corporations from the United States, headquartered in Detroit, Michigan. Historically, the company was founded by William C. Durant on September 16, 1908, as a holding company, and the current entity was founded in 2009 after being restructured. The company is the largest American automaker and one of the largest automakers in the world.

Along with the development of the company, they have produced many cars with well-known brands in the world. Some of General Motors brands include Chevrolet, Buick, GMC, Cadillac, Baojun, Jiefang, and Wuling. Along with the development of the company’s business, the company has a total of 165,000 employees, 150 production plants, and more than 4,000 dealers in the United States as of 2025. Based on business performance in the year 2025, General Motors successfully sold 6.18 million units of its cars from all brands worldwide.

Financially according to its annual report in 2025, General Motors successfully generated revenues of USD 185 billion and a net income/ profit of USD 2.69 billion. In terms of financial position, General Motors has total assets of around USD 281 billion with total liabilities of around USD 218 billion.

 

5.BMW Group

The BMW (Bayerische Motoren Werke) group is an international car company originating from Germany. They started their business on March 7, 1916. Historically, the founders of this company are Camillo Castiglioni, Franz Josef Popp, and Karl Rapp. According to its history, at its inception in 1916, the company was originally named Bayerische Flugzeugwerke AG which later changed its name to Bayerische Motoren Werke (BMW) in 1922. Initially, the company produced airplanes, motorcycle engines, agricultural equipment, and household goods. The company produced motorcycles in 1923, and BMW became an automobile manufacturer in 1928 when it bought the Fahrzeugfabrik Eisenach. Until 2025, BMW Group manufactured, managed, and sold some famous car brands, namely BMW, Mini, and Rolls-Royce. Commonly, these brands are recognized as premium class vehicles.  

To date, the BMW Group has its head office in Munich. Furthermore, the BMW Group’s production area has 31 locations in 15 countries with total employees of around 159 thousand people in the year 2025. Overall, in 2025, BMW sold its overall vehicle into 140 markets worldwide with total deliveries of BMW series in 2025 reaching 2.16 million units. Furthermore, total vehicle deliveries of all models of MINI are around 288,278 units and the total deliveries of Rolls-Royce reached 5,664 units.

Financially, in the year 2025, this company earned revenues of EUR 133.4 billion or equivalent to USD 157 billion with a net income or profit of EUR 7.45 billion or equivalent to USD 8.8 billion. In terms of financial position, total assets of BMW Group are around total assets of around EUR 265 billion or equivalent to USD 312 billion. Furthermore, total liabilities of around EUR 168 billion or equivalent to USD 198 billion.

 

6. Ford Motor Company

The Ford Motor Company, commonly known as Ford, is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford on June 16, 1903. The company sells cars and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Furthermore, in terms of the business expansion, Ford also acquired the Brazilian SUV carmaker Troller in 2007 and owns an 8% stake in Britain’s Aston Martin and a 32% stake in Jiangling Motors. In terms of business sales, Ford Motor Company successfully sold approximately 4,395,000 vehicles throughout the world in the year 2025. Furthermore, the approximate number of Ford Motor dealerships worldwide is around 9,006. In terms of workforce, Ford Motor has employed 171 thousand employees.

Financially, in 2025, According to Annual Report of 2025, Ford Motor Company showed a satisfactory performance. In that year, the Ford Motor Company successfully earned revenues of USD 187.3 billion but unfortunately suffered a net loss of USD - 8.1 billion. In terms of financial position, the total assets of Ford Motor company in 2025 reached USD 285 billion with total liabilities of around USD 240 billion.

 

7.Stellantis NV

Stellantis N.V is a global car company that was formed in 2023. Structurally, this company is the merger between Fiat Chrysler Automobiles (FCA) and the French PSA (Peugeot S.A.) 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. Along with business development, on December 31, 2025, Stellantis had a total of 248,243 employees. Meanwhile, in terms of business conditions, in the year 2025, Stellantis successfully shipped 5.4 million cars of its vehicles from all brands worldwide.  

Financially, in 2025, Stellantis N.V has total assets around EUR 195 billion or equivalent to USD 222 billion and total liabilities around EUR 141 billion or equivalent to USD 161 billion. Based on business performance in 2025, Stellantis N.V gained total revenue around EUR 154 billion or equivalent to USD 175.6 billion but unfortunately suffered net loss around EUR - 22.3 billion or equivalent to USD -25.4 billion.

 

8.Hyundai Motor Co.

The Hyundai Motor Company, as we know “Hyundai” is a South Korean multinational car manufacturer and still has a head office in Seoul, South Korea. Hyundai Motor Company. The founding father of the company is Chung Ju-yung, which was started in 1967. Along with a hard-working and long-lasting commitment to survive, he continues to develop his business with various vehicle variants. In addition to its well-known Hyundai brand, the company has an affiliation with Kia Corporation (the manufacturer of KIA cars) because it owns a 33% stake.

To date, Hyundai operates the world’s largest integrated car manufacturing facility in Ulsan, South Korea with an annual production capacity of 1.6 million units and successfully has sold a total vehicle of 4,138,389 units. The company also employs about 250,000 employees worldwide in 2025. Hyundai has sold its products in many countries through thousands of dealers and showrooms. In 2025, financially, Hyundai Motor still showed a positive performance by obtaining total revenue of KRW 186 trillion or equivalent to USD 122 billion with a net income or profit of KRW 10.3 billion or equivalent to USD 6.8 billion. In terms of financial position in 2025, Hyundai Motor has total assets of around KRW 368 trillion or equivalent to USD 243 billion with total liabilities of around KRW 241 billion or equivalent to USD 195 billion.

 

 9.Honda Motor Co.

 

The Honda Motor Company, Ltd. is a Japanese multinational car company which produces cars, motorcycles, and electrical equipment, headquartered in Minato, Tokyo, Japan. Historically, Honda Motor was founded in September 1948. Along with business development, Honda has become one of the world’s largest motorcycle manufacturers since 1959. In 2025, Honda Motor Company can sell 18 million motorcycles and 3.38 million cars. Specifically, in the car products, Honda Motors has some car products, including CR-V, Civic, Accord. Financially in 2025 according to its annual report, Honda recorded total revenues of JPY 21.8 trillion or equivalent to USD 137 billion but suffered a net loss of JPY -414 billion or equivalent to USD -2.68 billion. In terms of financial position, the total assets of Honda Motor reached JPY 33.5 trillion or equivalent to USD 211 billion with total liabilities around JPY 31.5 trillion or equivalent to USD 198 billion.

 

10.Tesla

Tesla, Inc. is an electrical and environmentally friendly car company based in Palo Alto, California. Based on business operations, Tesla products include electric cars, energy storage batteries, solar panels, and solar roofs. Founded in July 2003 by Martin Eberhard and Marc Tarpenning, Tesla’s name is a tribute to the famous inventor and electrical engineer from the United States, Nikola Tesla. Since Elon Musk leads this company, who has been CEO since 2008, the company has grown rapidly by releasing various variants of its electric vehicle models. As of 2025, Tesla Motor has some factories located in Gigafactory Texas Austin (Texas), Fremont Factory Fremont (California), Gigafactory Nevada Sparks (Nevada), Gigafactory Berlin-Brandenburg Grünheide (Germany), Gigafactory Shanghai (China), Megafactory Shanghai (China), Gigafactory New York Buffalo, and (New York), Megafactory Lathrop (California).

Historically, Tesla started the production of their car model namely, the Tesla Roadster in 2009 and the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, the Model Y in 2022, and Cybertruck. Many of these models are selling well in the international market. In the year 2025, Tesla Motor has a production of around 1,773,443 units and successfully delivered its vehicle reaching 1,636,129 units of all models. Financially, in 2025, Tesla Motor still showed a positive performance by obtaining revenues of USD 94.8 billion with a net profit of USD 3.85 billion. In terms of financial position, Tesla Motor has total assets of USD 137 billion with total liabilities of around USD 54.9 billion.

 

11. BYD 

BYD Company Limited was founded on February 10th, 1995, by initiative of Wang Chuanfu. Operationally, the BYD has main office in Shenzhen, Guangdong, China and still focusing on manufacturing of electric and hybrid vehicle with some best-selling car models in 2025 namely, BYD Seagull  with global sales of 529,537 units, BYD Song Plus (400,920 units), BYD Qin Plus (366,090 units), BYD Qin L (287,489), BYD Yuan UP (267,179), Seal 06 (241,293), BYD Dolphin (239,312), BYD Song Pro (232,548), BYD Sea Lion 06 (166,556), BYD Yuan Plus (163,556), BYD Song L DM-i (144,206), Seal 05DM-i (133,004), and Han (129,475). Overall, in the year 2025, BYD Auto successfully continued their rapid development with a total sales volume of 4.6 million new energy vehicles (NEVs), including both battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs).

Financially, according to its annual report in 2025, the BYD has total assets reaching CNY 883 billion or equivalent to USD 132 billion and total liabilities about RMB 625 billion or equivalent to USD 93.8 billion. Furthermore, based on the business performance in 2025, the BYD could generate revenue of RMB 803 billion or equivalent to USD 120 billion and net income reaching RMB 32.6 billion or equivalent to USD 4.89 billion.

 

12. Volvo Group 

Founded by Assar Gabrielsson and Gustav Larson in 1927, Volvo still became one of the world's largest vehicle corporations focusing on manufacturing and selling truck and heavy equipment products. As of 2025, The Volvo Group manages vehicle products under the brands of Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Nova Bus, and Mack brands. Along with business development, Volvo Group has employed 102,000 people.  

Financially, in the year 2025, Volvo Group has total assets of around SEK 649 billion or equivalent to USD 64.9 billion with total liabilities of around SEK 470 billion or equivalent to USD 4.7 billion. In terms of business performance in 2025, Volvo Group successfully gained total revenue of around SEK 479 billion or equivalent to USD 47.9 billion and net income of around SEK 34.7 billion or equivalent to USD 3.47 billion.

 

13. KIA      

Kia was founded on June 9, 1944, with the name of “Kyungsung Precision Industry”, initially manufacturing steel tubing and bicycle parts. They produced Korea's first domestic bicycle in 1951. The company later renamed itself Kia Industries in 1952. As the business journey, unfortunately, Kia declared bankruptcy during the Asian monetary crisis in 1997 and formed an agreement with Hyundai Motor Company in 1998 to help the business of KIA. As of 2025, Hyundai holds a 33.88% ownership stake in Kia.

 

Based on business performance, in 2025, total vehicle deliveries of KIA reached 3,135,803 units globally. Specifically, some of the popular car brands of KIA are Sportage, Sorento, Carnival, Morning / Picanto, and Niro. Financially, in the year 2025 according to its annual report, Kia Motor Company has total assets of around KRW 97,788 billion or equivalent to USD 25.7 billion with total liabilities of around KRW 37,788 billion or equivalent to USD 26.2 billion. In terms of business performance, in 2024 Kia Motor successfully gained total revenue of around KRW 107,448 billion or equivalent to USD 25.7 billion and net income of around KRW 7,554 billion or equivalent to USD 5.2 billion.

 

14. Mitsubishi Motors    

Mitsubishi Motors is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan. Structurally, as of 2025, the majority shareholders of Mitsubishi Motor are Nissan Motor Corporation with share ownership of 24.53%. In terms of business conditions, as of 2023, globally, the volume sales of all models of Mitsubishi cars reached 815,000 units with production volume in 2023 achieved 1,011,000 units.

In terms of business performance based on the annual report in the year 2025, Mitsubishi Motor has total assets of around JPY 2,418 billion or equivalent to USD 14.7 billion with total liabilities of around JPY 1,455 billion or equivalent to USD 8.9 billion. Furthermore, in 2025, Mitsubishi Motor successfully gained total revenue of around JPY 2,896 billion or equivalent to USD 17.86 billion and net income of around JPY 10 billion or equivalent to USD 0.061 billion.

 

15. Ferrari NV     

 

Founded in 1939 by Enzo Ferrari, The Ferrari NV is popular with luxury car models under the brand name of "Ferrari". In the year 2025, Ferrari NV successfully shipped all car models 13,640 units. Related to business performance based on the annual report in the year 2025, Ferrari NV has total assets of around EUR 9.6 billion or equivalent to USD 11 billion with total liabilities of around EUR 5.72 billion or equivalent to USD 6.5 billion. Furthermore, in 2025, Ferrari NV successfully gained total revenue of around EUR 7.15 billion or equivalent to USD 8.2 billion and net income of around EUR 1.6 billion or equivalent to USD 1.82 billion.

 

16. Renault Group        

Founded on 25 February 1899 with the initiative of Louis Renault and his brothers Marcel Renault and Fernand Renault, The Renault Corporation has become one of the world's largest car corporations in Europe. As of 2025, the Renault group manages some car brands including Renault, Alpine, Dacia, and Mobilize. Along with business development, Renault Group has some manufacturing sites located in Batilly plant (France), Cléon plant (France), Manufacture Alpine Dieppe Jean Rédélé (France), Manufacture de Douai (Ampere) (France), Usine du Mans (France), Manufacture de Maubeuge (France), Meyzieu plant (France), Manufacture de Ruitz (Ampere) (France), Sandouville plant (France), Palencia plant (Spain), Valladolid Carrocerias plant (Spain), Valladolid Montaje plant (Spain), Novo Mesto plant (Slovenie), and Mioveni plant (Türkiye). As for business development, in 2025, Renault Group successfully sold 2.3 million units of its cars worldwide. In terms of car Models, there are some best-selling car models of Renault Group in 2025 including Clio with total sales of around 306,982 units, followed by Sandero (299,954 units), Duster (258,344 units), Captur (145,755 units), Kwid (109,589 units), Master (97,893 units).

Financially, according to its annual report in 2025, the Renault Group has total assets reaching EUR 121 billion or equivalent to USD 138 billion and total liabilities about EUR 98.7 billion or equivalent to USD 113 billion. Furthermore, based on the business performance in 2025, the Renault Group could generate revenue of EUR 57.92 billion or equivalent to USD 66 billion but unfortunately suffered net loss reaching EUR -10.8 billion or equivalent to USD -12.31 billion.

 

17. Nissan  

Historically, the journey of Nissan Motor started in 1933 founded by Yoshisuke Aikawa. Furthermore, the company name was later changed to Nissan Motor Co., Ltd with an integrated production system installed at the Yokohama Plant, making Nissan the first Japanese manufacturer to mass produce automobiles. Along with business development, Nissan Motors employed 133,580 people in 2025. In terms of business performance, Nissan Motor successfully sold 3.15 million units of its cars globally.

Financially, according to the annual report of 2025, Nissan Motor recorded total revenues of JPY 12,007 billion or equivalent to USD 73.2 billion but suffered a net loss of JPY - 553 billion or equivalent to USD - 3.26 billion. In terms of financial position, the total assets of Nissan Motor reached JPY 19,812 billion or equivalent to USD 120.9 billion with total liabilities around JPY 15,013 billion or equivalent to USD 91.6 billion.

 

18. Geely 

Geely was founded by Eeric Li (Li Shufu) at Taizhuo, Zhijian Province in 1986 as refrigerator Manufacturer and in the year of 1997, Gelly started its business in Automotive. Along with business development, in March 2010, Geely Holding acquired 100% of Volvo Car Corporation from Ford Motor Company. Furthermore, in 2028, Gelly Holding also bought minority shares of Daimler AG with a percentage of around 9.69 %. Operationally, as of 2025, Geely has manufacturing facilities all over China, namely Hangzhou, Ningbo, Taizhou, Chengdu, Jinzhong, Xi'an with Research & Development (R&D) facilities located in Hangzhou (China), Ningbo (China), Gothenburg (Sweden), Coventry (UK). In terms of car models, Geely has some car models including SUV (Monjaro, Starray, Coolray), Sedan (Emgrand), NEV (Geely EX5, Geely EX5 EM-i, Geely EX2).

Financially, in the year of 2025, Geely has total assets of around CNY 290 billion or equivalent to USD 43.5 billion with total liabilities of around CNY 197 billion or equivalent to USD 30 billion. In terms of business performance in 2025, Geely successfully generated total revenue of around CNY 345 billion or equivalent to USD 51.76 billion    with net income of around CNY 16.8 billion or equivalent to USD 2.52 billion.

 

19. Li Auto         

Li Auto was founded in 2015 with headquarters located in Beijing, China. As of 2026, some of the EV car models from Li Auto include Li ONE, the Li L series, Li MEGA, Li i8, and Li i6. Operationally, Li Auto has some manufacturing facilities located in Changzhou and Beijing. Related to sales and distribution, Li Auto operates 547 retail centers across 159 cities in China, along with 547 after-sales service and authorized collision repair centers covering 221 cities.

Financially, in the year of 2025, total assets of Li Auto are about USD 22 billion with total liabilities of around USD 11.6 billion. In terms of business performance in 205, Li Auto successfully gained total revenue of around USD 16.6 billion with net income of USD 0.162 billion. 

 

20. Xpeng

Guangzhou Xiaopeng Motors Technology Co., Ltd., commonly known as XPeng, is a Chinese electric vehicle manufacturer. Historically, Xpeng was founded in 2014 with headquarters in Guangzhou, Guangdong, and has some branch offices located in Mountain View, California, United States and Munich, Germany. In terms of car models, there are some car models of Xpeng including L03, X9, P7+, G9, G6, and P7.

Financially, in the year 2025, Xpeng has total assets of around CNY 103.2 billion or equivalent to USD 15.5 billion with total liabilities of around CNY 72.8 billion or equivalent to USD 10.9 billion. In terms of business performance in 2025, Xpeng has total revenue of around CNY 76.7 billion or equivalent to USD 11.5 billion but suffered net loss of around CNY -1.1 billion or equivalent to USD -0.17 billion.

 

 

Bibliography of Article “Top 20 World’s Largest Car Corporations in 2025

 

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