What are the Largest EV Manufacturers in the world?

During the first three quarters of 2020, sales of pure electric cars reached a cumulative 1,208,367 units, of which 729,623 (60.4% of the total) were produced by five groups: Tesla, the Volkswagen Group, the Alliance Renault-Nissan-Mitsubishi, SAIC, and Hyundai Motor Group.

Tesla currently has a 26% stake, with a total of 316,820 units sold. Although it is possible that in the future its participation will fall due to the mass arrival of new models by other brands. Its sales will only increase with the start of manufacturing in new plants such as Giga Berlin and Giga Austin.

The Volkswagen Group, for its part, surpassed the Renault-Nissan-Mitsubishi Alliance, reaching a 10% share thanks to the 120,793 vehicles it managed to deliver. This figure will increase dramatically in 2021 with the arrival of the Volkswagen ID.3 and ID.4, Skoda Enyaq iV, Audi e-Tron GT and Q4 e-Tron, etc. However, it seems unlikely that it will be able to surpass Tesla.

The Renault-Nissan-Mitsubishi Alliance has taken a 9% share. Most of the 109,095 units sold by the group correspond to two models: the Renault ZOE and the Nissan LEAF, the former achieving unprecedented success in Europe, while the latter is falling into a tailspin in most of the world.

SAIC, the parent company of brands such as MG, Roewe, or Maxus, achieved a commendable fourth place, with an 8% stake and a total of 97,086 units sold. Currently, the Chinese group is entering Europe with the MG ZS EV, which is gaining enormous acceptance in the old continent and the Maxus range of electric vans.

Hyundai Motor Group is comprised of the Hyundai, KIA, and Genesis brands. The Korean company has achieved a 7% share thanks to its 85,829 units delivered, highlighting the excellent acceptance of the Hyundai Kona Electric and KIA e-Niro. Next year, the group will launch a new Hyundai sub-brand dedicated exclusively to 100% electric cars’ commercialization, IONIQ.

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