Understand the global EV companies' market cap changes at a glance—America relies entirely on Tesla.
2021-11-26
Understand the global EV companies' market cap changes at a glance—America relies entirely on Tesla.
As of Beijing time on November 23, 2021, the world's top 10 electric vehicle companies by market capitalization are all based in the United States, China, and the United Kingdom. In terms of numbers, U.S. automakers account for 60 percent, China holds 30 percent, and the UK makes up 10 percent. Meanwhile, despite being major players in the traditional automotive industry, Germany and Japan currently have no pure-play electric vehicle companies listed on the stock market.
From the perspective of market capitalization, U.S. electric vehicle companies collectively hold a total market value of $1.32 trillion, accounting for 89.82% of the combined market cap of the top 10 EV firms. Notably, Tesla alone contributes 75.96% of this total, while the remaining five U.S. automakers together account for less than 14%. Meanwhile, Chinese EV companies have a combined market value of $138.7 billion, representing 9.80% of the global EV market. British automakers, on the other hand, have a market capitalization of just $5.6 billion, making up 0.38% of the sector. In terms of listing timelines, during the seven-year period following 2010, Tesla was the sole publicly traded pure-electric vehicle company in the capital markets. In 2017, Arcimoto became the second EV firm to go public, and by 2018, Nikola, Electra Meccanica, NIO, and Fisker had joined the stock exchange. The following year, 2019, saw Lordstown and Canoo listed. 2020 marked the peak year for EV IPOs, with five companies—Arrival, Li Auto, XPeng Motors, Lucid, and Proterra—debuting on the market. Since 2021, REE and Rivian have become the latest additions, joining the growing roster of publicly traded EV manufacturers.
Over the past 11 years, Tesla has consistently ranked first in market capitalization, far surpassing the combined market value of all other electric vehicle companies. Since 2020, Tesla's market cap has surged dramatically: it averaged over $100 billion per day in the first quarter of 2020, nearly reached $500 billion by the fourth quarter, and exceeded $1 trillion in the fourth quarter of 2021. Meanwhile, China's three leading new EV manufacturers—NIO, XPeng, and Li Auto—have remained consistently among the top five in daily market capitalization since the third quarter of 2020. Notably, NIO has maintained a steady second-place position, with its market value 2 to 3 times larger than that of the other two companies. In the fourth quarter of 2020, XPeng even surpassed Li Auto in average daily market capitalization, marking faster growth compared to its rival.
Specifically, NIO's average daily market capitalization was still at $5 billion in the second quarter of 2020, but by the first quarter of 2021, it had surged past $80 billion—more than a 15-fold increase in less than a year. Similarly, XPeng and Li Auto, which initially debuted with market caps below $10 billion in the third quarter of 2020, have since grown to average over $30 billion per day.
Translated from Sina Auto
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Understand the global EV companies' market cap changes at a glance—America relies entirely on Tesla.
2021-11-26
Understand the global EV companies' market cap changes at a glance—America relies entirely on Tesla.
As of Beijing time on November 23, 2021, the world's top 10 electric vehicle companies by market capitalization are all based in the United States, China, and the United Kingdom. In terms of numbers, U.S. automakers account for 60 percent, China holds 30 percent, and the UK makes up 10 percent. Meanwhile, despite being major players in the traditional automotive industry, Germany and Japan currently have no pure-play electric vehicle companies listed on the stock market.
From the perspective of market capitalization, U.S. electric vehicle companies collectively hold a total market value of $1.32 trillion, accounting for 89.82% of the combined market cap of the top 10 EV firms. Notably, Tesla alone contributes 75.96% of this total, while the remaining five U.S. automakers together account for less than 14%. Meanwhile, Chinese EV companies have a combined market value of $138.7 billion, representing 9.80% of the global EV market. British automakers, on the other hand, have a market capitalization of just $5.6 billion, making up 0.38% of the sector. In terms of listing timelines, during the seven-year period following 2010, Tesla was the sole publicly traded pure-electric vehicle company in the capital markets. In 2017, Arcimoto became the second EV firm to go public, and by 2018, Nikola, Electra Meccanica, NIO, and Fisker had joined the stock exchange. The following year, 2019, saw Lordstown and Canoo listed. 2020 marked the peak year for EV IPOs, with five companies—Arrival, Li Auto, XPeng Motors, Lucid, and Proterra—debuting on the market. Since 2021, REE and Rivian have become the latest additions, joining the growing roster of publicly traded EV manufacturers.
Over the past 11 years, Tesla has consistently ranked first in market capitalization, far surpassing the combined market value of all other electric vehicle companies. Since 2020, Tesla's market cap has surged dramatically: it averaged over $100 billion per day in the first quarter of 2020, nearly reached $500 billion by the fourth quarter, and exceeded $1 trillion in the fourth quarter of 2021. Meanwhile, China's three leading new EV manufacturers—NIO, XPeng, and Li Auto—have remained consistently among the top five in daily market capitalization since the third quarter of 2020. Notably, NIO has maintained a steady second-place position, with its market value 2 to 3 times larger than that of the other two companies. In the fourth quarter of 2020, XPeng even surpassed Li Auto in average daily market capitalization, marking faster growth compared to its rival.
Specifically, NIO's average daily market capitalization was still at $5 billion in the second quarter of 2020, but by the first quarter of 2021, it had surged past $80 billion—more than a 15-fold increase in less than a year. Similarly, XPeng and Li Auto, which initially debuted with market caps below $10 billion in the third quarter of 2020, have since grown to average over $30 billion per day.
Translated from Sina Auto
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