Electric Vehicles

EV Market Share by Company

Explore the companies driving the electric vehicle revolution. Discover key players, compare product lineups, and track the shift from combustion to electric.

Data updated 2026-07-23

The Electric Vehicles sector on Sterling tracks 34 companies, led by BYD (20.9%), Geely (7.7%), Tesla (7.4%) by market share.

#	Company	Market share
1	BYDBYDDY BYD FY2025 ~4.6M NEV; #1 BEV globally with 2.26M BEV	20.9%
2	GeelyGELYF Geely Auto NEV +90% YoY; Galaxy 1.24M, ZEEKR 220K, Lynk 230K	7.7%
3	TeslaTSLA Tesla FY2025 down 8.6% YoY; 1.59M Model 3/Y + 50.8K other	7.4%
4	SAIC600104.SS SAIC Motor IR; includes MG and SAIC-GM-Wuling JV	6.8%
5	Volkswagen GroupVWAGY VW Group BEV-only FY2025 +32% YoY; Europe-led	4.5%
6	Changan000625.SZ Changan + Deepal + Avatr; rapid 2025 NEV expansion	4.1%
7	CheryCHERY Industry estimate; privately held	3.3%
8	Hyundai/KiaHYMTF HMG BEV+PHEV; Kia 238K + Hyundai ~440K (Ioniq 5/6/9)	3.1%
9	Leapmotor9863.HK Leapmotor strong 2025 ramp; +82% YoY	2.4%
10	StellantisSTLA Stellantis BEV+PHEV; estimate, FY2025 down vs 2024 amid US/EU softness	2%
11	XPengXPEV XPeng FY2025 +126% YoY; MONA + G6 + P7+ ramp	2%
12	BMW GroupBMW.DE BMW BEV FY2025; Q3 102.9K confirmed	1.9%
13	XiaomiXIACY Xiaomi FY2025 +205% YoY; SU7 + YU7 (launched June 2025)	1.9%
14	Li AutoLI Li Auto FY2025; cumulative 1.54M as of Dec 31	1.8%
15	NIONIO NIO FY2025 +47% YoY; ONVO + Firefly contributing	1.5%
16	GAC Aion601238.SS CAAM passenger NEV; declining from 2024's 371K	1.3%
17	Mercedes-BenzMBGAF Mercedes BEV+PHEV; Q3 BEV 42.6K confirmed	1.1%
18	RenaultRNLSY Renault Group BEV+PHEV; R5 E-Tech launch boost	1%
19	ToyotaTM Toyota BEV+PHEV global; estimate, modest growth	0.8%
20	General MotorsGM GM US EV sales +48% YoY; Q3 record 66.5K	0.8%
21	FordF Ford Model e US -14% YoY	0.4%
22	NissanNSANY Nissan BEV global; Leaf decline + Ariya	0.4%
23	RivianRIVN Rivian FY2025; missed initial guidance, hit revised	0.2%
24	LucidLCID Lucid FY2025 +75% YoY; Gravity SUV ramp	0.1%
25	Others Smaller OEMs (Hozon/Neta, AITO, Voyah, IM, JAC, BAIC, VinFast, Tata, etc.) and remainder vs IEA total	22.6%

EV Brand Ownership Map

Stand-alone companies, multi-brand parent groups, and joint ventures across the global auto industry. Toggle between EV-shipping brands only and the full corporate portfolio.

EV onlyAll car companies

Stand-alone

Tesla

TSLA

Lucid

LCID

Rivian

RIVN

Leapmotor

9863.HK

Xiaomi

XIACY

Li Auto

Ownership

Ford

Ford / Model e

Chevrolet / GMCCadillacBuick

BYD

BYDDY

Dynasty / OceanDenzaYangwangFang Cheng Bao

Geely Holding

GELYF

Geely Auto / GalaxyZeekrLynk & CoVolvo CarsPolestarLotus

SAIC Motor

SAIC

MGRoeweIM MotorsRISING Auto

XPeng

XPEV

XPengMONA

Chery

private

Chery / JetourOmoda / JaecooExeed

NIO

NIO (premium)ONVOFirefly

Changan

000625.SZ

Changan / NevoDeepalAvatr (JV)

GAC Group

GAC Aion (601238.SS)Hyper

VW Group

VWAGY

VolkswagenAudiPorscheŠkodaSEAT / CUPRA

Hyundai Motor Group

HYMTF

HyundaiKiaGenesis

BMW Group

BMW.DE

BMW + i-seriesMINIRolls-Royce

Stellantis

STLA

Fiat / AbarthPeugeot / Citroën / DSJeepDodge / RamMaserati / Alfa Romeo / LanciaOpel / Vauxhall

Mercedes-Benz Group

MBGAF

Mercedes-Benz / AMGMaybach

Toyota

Toyota / bZLexus

Renault Group

RNLSY

RenaultDaciaAlpine

Nissan

NSANY

Nissan

Joint Ventures

Smart

smart Automobile Co., Ltd.: relaunched as EV-only in 2019

Mercedes-Benz Group50%
Geely Holding50%

Avatr

Premium smart-EV brand; restructured as 3-way JV in 2022

Changan~36%
CATL~18%
Huaweitech partner

Afeela

Sony Honda Mobility: first deliveries CY2026

Sony Group50%
Honda50%

Wuling · Baojun

SAIC-GM-Wuling: high-volume Chinese mass-market EVs

SAIC50.1%
GM44%
Liuzhou Wuling5.9%

Note on Denza: was a 50/50 BYD / Daimler JV from 2010–2022. Daimler fully exited; Denza is now 100% BYD and appears as a sub-brand under BYD in the Ownership section.

Global EV Sales by Region

Annual electric car sales by region. Counts BEVs (pure battery electrics, no gas engine) plus PHEVs (plug-in hybrids: battery + small gas engine for backup). Excludes regular hybrids that can't plug in.

Global EV Market Penetration

EV penetration = electric cars as a percentage of all new cars sold. Combines BEVs (pure battery) and PHEVs (plug-in hybrids). Tracks how fast the world is switching off gasoline, 2015–2025.

Top 10 EV OEM Groups by Annual BEV Sales

BEV = Battery Electric Vehicle (pure electric, no gas engine). OEM = Original Equipment Manufacturer: the parent automaker (Tesla, BYD, Volkswagen Group, etc.). Annual pure-EV sales by parent group, 2018–2025.

EV Penetration Rate by Market

Percentage of new cars sold in each country that are electric, 2015–2024. Includes BEVs (pure battery) and PHEVs (plug-in hybrids). Norway is the global leader; the U.S. trails most peers.

EV Pure-Play Liquidity and Runway

Quarterly liquidity (cash plus short-term investments) for the five EV pure-plays, 2023-Q1 to 2025-Q4, in USD billions, with latest-quarter burn status.

Latest quarter (2025-Q4) status:

Lucid · $1.63B liquidity · ~$4.6B total liquidity (~$5.5B with the upsized, undrawn PIF credit facility); funds operations into H1 2027.

Rivian · $6.08B liquidity · TTM burn near zero. VW $5.8B JV capital and Amazon EDV working capital stabilized cash position in FY2025.

NIO · $6.28B liquidity · FMP OCF data incomplete for FY2025. Latest disclosed annual operating cash flow remained negative; BaaS receivables understate effective liquidity.

XPeng · $5.33B liquidity · FMP OCF data incomplete for FY2025. Latest known cash flow direction (FY2024) was modestly negative.

Li Auto · $13.88B liquidity · Profitable since 2023 on net income; quarterly OCF volatile from working-capital timing. Largest liquidity buffer in the cohort.

OEM Electrification Mix (FY2025)

FY2025 powertrain mix per automaker (BEV, PHEV/EREV, HEV, ICE+other), each bar summing to 100% of production, sorted by combined NEV (BEV+PHEV) share.

View:

OEM

Powertrain mix (% of FY2025 production)

Total units

Tesla

100.0% BEV

1.64M

XPeng

100.0% BEV

429K

Xiaomi

100.0% BEV

412K

NIO

100.0% BEV

326K

Rivian

100.0% BEV

42K

Lucid

100.0% BEV

16K

Leapmotorest

60.0% BEV+ 40.0% PHEV

536K

BYD

49.1% BEV+ 50.8% PHEV

4.60M

SAICest

24.1% BEV+ 27.6% PHEV

2.90M

Geelyest

23.8% BEV+ 32.1% PHEV

3.02M

BMW Group

17.4% BEV+ 8.1% PHEV

2.46M

Li Auto

17.2% BEV+ 82.8% PHEV

406K

Changanest

13.7% BEV+ 17.2% PHEV

2.91M

Volkswagen Group

10.9% BEV

8.98M

Renault

+ 1.5% PHEV + 8.6% HEV

2.34M

Hyundai-Kia

+ 3.3% PHEV + 10.3% HEV

7.27M

Mercedes-Benz

+ 5.6% PHEV

2.16M

Stellantis

+ 5.2% PHEV + 4.5% HEV

5.60M

6.18M

Nissan

+ 9.4% HEV

3.20M

Ford

+ 1.1% PHEV + 5.4% HEV

4.65M

Toyota

+ 35.3% HEV

11.32M

BEV (pure battery)

PHEV / EREV (plug-in hybrid)

HEV (non-plug-in hybrid)

ICE + other

est= split is estimated

EV Pure-Play Quarterly Gross Margin

Quarterly group gross margin for EV pure-plays, FY2023-Q1 to FY2025-Q4. Higher is better; a negative margin means cars sell below build cost.

OEM Capex and R&D as % of Revenue (FY2024)

Capex and R&D as a share of FY2024 group revenue, per OEM, sortable by combined intensity. Percentages are group-wide, not EV-only.

OEM

% of FY2024 revenue

Revenue

Lucid

Capex

109.4%

R&D

145.5%

$0.81B

Rivian

Capex

23.0%

R&D

32.5%

$4.97B

NIO

Capex

13.9%

R&D

19.8%

$9.00B

BYD

Capex

12.6%

R&D

6.9%

$106B

GAC Aion

Capex

10.1%

R&D

7.5%

$14.8B

Nissan

Capex

15.1%

R&D

1.4%

$81.0B

Tesla

Capex

11.6%

R&D

4.7%

$97.7B

XPeng

Capex

n/a

R&D

15.8%

$5.60B

Leapmotor

Capex

6.5%

R&D

9.0%

$2.20B

BMW Group

Capex

8.6%

R&D

5.5%

$154B

GM*

Capex

13.9%

R&D

n/a

$187B

Li Auto

Capex

5.4%

R&D

7.7%

$19.5B

Volkswagen Group

Capex

8.4%

R&D

4.3%

$351B

Geely

Capex

6.6%

R&D

4.3%

$32.9B

Stellantis

Capex

7.0%

R&D

3.7%

$169B

Xiaomi

Capex

3.3%

R&D

6.6%

$50.1B

Mercedes-Benz

Capex

6.0%

R&D

3.8%

$157B

Renault

Capex

5.4%

R&D

4.0%

$60.7B

Changan

Capex

3.0%

R&D

4.1%

$21.9B

Hyundai-Kia

Capex

5.7%

R&D

1.4%

$126B

SAIC

Capex

3.3%

R&D

2.8%

$86.0B

Toyota*

Capex

6.1%

R&D

n/a

$299B

Ford*

Capex

4.7%

R&D

n/a

$185B

Capex % of revenue

R&D % of revenue

*= R&D not separately disclosed by FMP (Ford, GM, Toyota)

red= percentage exceeds 35% chart scale

OEM Battery Capacity & Gigafactory Footprint

Per-OEM battery cell capacity (GWh/year): 2025 installed (solid) and 2030 announced target (faded), tagged by ownership type (captive, JV, supply-only). Sort and hover for facility detail.

Sort:

OEM

Capacity (GWh/year), scaled to 500 GWh max

2025 / 2030

Ownership

BYDest

135 GWh

500 GWh

Captive

Tesla

100 GWh

300 GWh

Mixed

Stellantis

50 GWh

250 GWh

JV-heavy

Volkswagen Group

40 GWh

240 GWh

Captive

BMW Group

100 GWh

240 GWh

Supply-only

Toyota

45 GWh

220 GWh

JV-heavy

80 GWh

160 GWh

JV-heavy

Geelyest

50 GWh

150 GWh

Mixed

Hyundai-Kia

60 GWh

120 GWh

JV-heavy

Mercedes-Benz

30 GWh

100 GWh

JV-heavy

Ford

45 GWh

90 GWh

JV-heavy

SAICest

25 GWh

80 GWh

Mixed

Nissan

30 GWh

60 GWh

JV-heavy

Renault

10 GWh

50 GWh

JV-heavy

Changanest

15 GWh

50 GWh

JV-heavy

GAC Aionest

10 GWh

40 GWh

Mixed

Rivian

35 GWh

Supply-only

Lucid

10 GWh

Supply-only

NIO

Supply-only

Li Auto

Supply-only

XPeng

Supply-only

Xiaomi

Supply-only

Leapmotorest

Supply-only

Captive

JV-heavy

Mixed

Supply-only

solid = 2025 installed

faded = 2030 announced target

est= numbers indicative (cross-source variance)

Companies in the Electric Vehicles sector (34)

Frequently asked questions

What is the Electric Vehicles sector?

Explore the companies driving the electric vehicle revolution. Discover key players, compare product lineups, and track the shift from combustion to electric.

Which companies lead the Electric Vehicles sector?

Sterling tracks 34 companies in Electric Vehicles, led by BYD (21%), Geely (8%), Tesla (7%), SAIC (7%), Volkswagen Group (5%) and Changan (4%).

How can I invest in the Electric Vehicles sector?

Publicly traded names in Electric Vehicles include BYD (BYDDY), Tesla (TSLA), Geely (GELYF), SAIC Motor (600104.SS) and Volkswagen Group (VWAGY). Compare them side by side on Sterling. Data last updated July 23, 2026.

EV Market Share by Company

Electric Vehicles market share by company (2025)

EV Brand Ownership Map

Stand-alone

Ownership

Joint Ventures

Global EV Sales by Region

Global EV Market Penetration

Top 10 EV OEM Groups by Annual BEV Sales

EV Penetration Rate by Market

EV Pure-Play Liquidity and Runway

OEM Electrification Mix (FY2025)

EV Pure-Play Quarterly Gross Margin

OEM Capex and R&D as % of Revenue (FY2024)

OEM Battery Capacity & Gigafactory Footprint

Companies in the Electric Vehicles sector (34)

Related sectors

Frequently asked questions

What is the Electric Vehicles sector?

Which companies lead the Electric Vehicles sector?

How can I invest in the Electric Vehicles sector?

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