06 May 2022
It’s no shocker that electric vehicles are the next big thing. In fact, they are the big thing- because there’s no next to electric vehicles. They’re the present and future, both. EVs are taking the world by storm with their rapid demand levels, super-advanced features, ultra-elegant appeal, and, most importantly: their premium eco-friendliness.
The ever-rising fuel prices- primarily due to the Russia-Ukraine war, are further essential drivers boosting the international electric vehicle market. In the race for EV manufacturing, some businesses remain shining with their unique selling points, increasing revenues, and expanding market share. Below we mention six of the largest electric vehicle manufacturers launching ultra-luxurious, environment-friendly, and comfortably convenient EVs.
There’s no surprise to see Tesla among the leading EV manufacturers. The brand was established in 2003 and had headquarters in Austin, Texas, United States. The company was founded by Martin Eberhard and Marc Tarpenning as a tribute to the electrical engineer and inventor Nikola Tesla. It later received an investment of $6.5 million by Elon Musk, making him the firm's biggest shareholder.
Volkswagen Group may have started later than other EV producers. But it certainly is boosting its operations and now is one of the top electric vehicle manufacturers worldwide. The German-based automotive company is a multinational, with production plants in several countries. Today, the Volkswagen Group owns a range of brands, including Porsche, Audi, Skoda, Lamborghini, and Bentley, and stands proud, owning over ten percent of the EV market share.
SAIC Motor is a part of the SAIC-GM-Wuling Group and owns MG Motor- another reputable automobile brand. Established in 2011, the state-owned producer has its headquarters in Shanghai, China. Today, it employs over two hundred thousand staff, specialising in manufacturing commercial vehicles and automobiles. Even after Tesla’s entry into China, SAIC Motor remains the most prominent player in the country due to consumer preference.
Hyundai has partnered with Kia Motors to design and manufacture world-class electric vehicles. The unique selling point that’s turning heads and increasing the company’s fame worldwide is its unique selling point. Hyundai has developed an advanced solar charging system, adding a solar panel on the roof of its EVs, making them even more ecological and time-effective.
BYD Co. Ltd
Established in 1995, BYD Co. Ltd is a Chinese-based multinational conglomerate. It owns several subsidiaries, including BYD Auto- one of the leading electric vehicle manufacturers. Headquartered in Shenzhen, Guangdong, China, the business has over two hundred thousand employees and produces buses, electric bicycles, automobiles, rechargeable batteries, solar panels, forklifts, and trucks.
The infamous Renault-Nissan-Mitsubishi Alliance was developed to minimise and eliminate carbon emissions. This France-Japan alliance allowed the EV manufacturers to launch outclass and remarkable automobile models, including Renault Zoe and Nissan Leaf. The EVs experience steady growth in their international demands due to their functionality, safety, and comfortability.
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