Although Tesla undeniably dominates the market with an 84.31% share in the top 10 largest electric vehicle companies globally, the Asia region hosts the majority of companies on the list, accounting for 70% of the total, followed by the United States with the remaining 30%.
According to data reported by Yahoo Finance, only Tesla, Li Auto, and Yadea show positive net margins, while the rest of the companies operate at a loss due to elevated costs and expenses.
An interesting fact is that Yadea is the only company within the top 10 that does not manufacture electric cars but specializes in the production of two-wheeled vehicles, such as motorcycles or scooters, which it exports to 77 countries.
This panorama reflects the growing transition to electric mobility worldwide, albeit with challenges. With an increasing focus on sustainability and emissions reduction, companies are striving to innovate in the electric vehicle market, offering more environmentally friendly and efficient options for consumers. However, the journey is not without hurdles, as many companies grapple with elevated costs and expenses associated with research, development, and production. Despite these challenges, the commitment to sustainability remains strong, driving continuous innovation and progress in the electric vehicle industry.