It is no news that over quite some time, the trend of cars and their specs have been looming over people all around the world. In today's era, a person knows exactly what he wants to have when it comes to investing in cars as this investment holds a great deal of significance. Ever since brands have become a thing, more and more companies have come together to follow in the footsteps of trillion-dollar companies and get the most out of their products.
The automotive industry is a vast area to work on. Currently, brands such as Tesla, Toyota, Volkswagen, BYD, NIO, Daimler, General Motors, BMW, Stellantis, Ferrari, Honda, and Hyundai are ruling the world with their high-end manufacture and quality. The infographic discusses the journey of each of these automotive companies over the years. With Tesla leading the market race with a whopping $795.8 Billion, the competition has become quite immovable for other companies. As admitted by other companies, Tesla is quite the winner when it comes to research and Development (R&D) and electronics. By far, it is the only company to have succeeded in those departments.
As more companies are swinging their policies and manufacturing their structures to obtain recognition worldwide, the industry is truly observing expansion in the sense of bringing more and more Electronic Vehicles into the world. The industry is focusing on making tech vehicles to add more comfort and less effort to the vehicles, that too, in a cost-effective manner. Currently, Tesla sits at the top with a $1 Trillion mansion, and it won't be long until other companies find their way to the same road.
Infographic by: Visualcapitalist.com