Called the richest automobile company in the world: the future of electric cars

The automotive industry has always been a industry in which great wealth rotates. For decades, manufacturers built global empires, selling millions of cars and expanding their brands around the world. But everything changes quickly. Electric cars, the new rules of trade and competition from China forced many European and American car manufacturers to reconsider their business methods.

These changes also influenced which companies are currently the most valuable. One giant of electric vehicles currently costs more than five times more than three largest European car brands combined. Yes, now Ferrari costs about $ 93.5 billion, Volkswagen-60.5 billion dollars. The USA and Mercedes-Benz-59.4 billion. A total of three companies are estimated at just more than $ 200 billion, Express writes.

For comparison, Tesla’s wealth is currently estimated at 1.1 trillion dollars. As a result, the company has become the most valuable car manufacturer in the world from its attention to electric cars, software and new batteries.

While others are faced with a fall in demand and a slowdown in sales, Tesla continues to invest in cheaper models, autonomous driving functions and new factories.

Other car manufacturers are trying to catch up with this. Mercedes-Benz recently announced new electric models and plans to produce several cars in the United States to avoid raising tariffs.

Volkswagen also works on more affordable electric cars and began partnership with the American startup Rivian to improve their technology.

But global calls remain. Responsibilities on Chinese electric vehicles are complicated to compete of some companies in price, and many customers overestimate the transfer to electric cars.

Previously ConvoyFieldUA He said that Audi could return to the sale of the cheapest sports car.