Key Takeaways
- In 2023, Toyota Motor Corporation achieved global vehicle sales of 11.23 million units, securing the top position among automakers.
- Volkswagen Group reported 9.24 million vehicle deliveries worldwide in 2023, ranking second globally.
- Hyundai Motor Group sold 7.3 million vehicles in 2023, including Kia and Genesis brands.
- Toyota produced 9.53 million vehicles globally in 2023.
- Volkswagen Group manufactured 8.9 million vehicles in 2023.
- Hyundai Motor Group produced 7.3 million vehicles in 2023.
- Toyota revenue reached 37.15 trillion yen ($275 billion) in FY2023.
- Volkswagen Group revenue was €322.3 billion in 2023.
- Stellantis revenue hit €189.5 billion in 2023.
- Global EV sales 14 million units in 2023, 18% of total.
- Tesla sold 1.81 million EVs globally in 2023.
- BYD sold 3.02 million new energy vehicles in 2023.
- Toyota employs 370,870 people worldwide as of 2023.
- Volkswagen Group workforce 682,000 employees in 2023.
- Stellantis has 272,000 employees globally in 2023.
Toyota led global vehicle sales and revenue while Tesla dominated the electric vehicle market.
EV and Sustainability
- Global EV sales 14 million units in 2023, 18% of total.
- Tesla sold 1.81 million EVs globally in 2023.
- BYD sold 3.02 million new energy vehicles in 2023.
- Volkswagen EV sales 771,000 units in 2023.
- Hyundai-Kia EV sales 268,000 units in 2023.
- GM EV deliveries 75,000 units in 2023.
- Ford EV sales 116,000 units in 2023.
- Toyota hybrid sales 3.4 million units in 2023.
- Global BEV market share 10% in 2023.
- China EV sales 9.5 million units in 2023.
- Europe EV registrations 2.4 million in 2023.
- US EV sales 1.2 million units in 2023.
- Tesla Model 3/Y accounted for 55% US EV market in 2023.
- Battery costs fell to $139/kWh in 2023.
- Automotive CO2 emissions targeted 50% reduction by 2030 from 2019 levels.
- Toyota invested $70 billion in EVs by 2030 announced 2023.
- Volkswagen €180 billion electrification investment through 2027.
- Global charging points reached 4 million in 2023.
- Hydrogen fuel cell vehicles sales 15,000 units globally 2023.
EV and Sustainability Interpretation
Employment and Supply Chain
- Toyota employs 370,870 people worldwide as of 2023.
- Volkswagen Group workforce 682,000 employees in 2023.
- Stellantis has 272,000 employees globally in 2023.
- General Motors employs 163,000 people in 2023.
- Ford Motor Company 177,000 employees worldwide 2023.
- Hyundai Motor Group 120,000 employees in 2023.
- Honda Motor 197,039 employees as of FY2023.
- BMW Group 154,950 employees in 2023.
- Mercedes-Benz Group 167,000 employees in 2023.
- Tesla 140,473 employees end-2023.
- Global automotive industry employs 14 million people directly in 2023.
- US auto manufacturing jobs 1 million in 2023.
- Germany automotive sector 830,000 jobs in 2023.
- China auto industry 5 million direct jobs 2023.
- Toyota supply chain involves 5.5 million jobs indirectly.
- Semiconductor shortage caused 1 million job impacts in 2023.
- Average US auto worker wage $28/hour in 2023.
- Women represent 25% of global auto workforce in 2023.
- EV transition to create 10 million new jobs by 2030 per ILO.
- Toyota North America 73,000 employees in 2023.
- Volkswagen Mexico plant employs 10,000 workers.
Employment and Supply Chain Interpretation
Production Statistics
- Toyota produced 9.53 million vehicles globally in 2023.
- Volkswagen Group manufactured 8.9 million vehicles in 2023.
- Hyundai Motor Group produced 7.3 million vehicles in 2023.
- Stellantis output was 5.8 million vehicles in 2023.
- General Motors produced 6.1 million vehicles in 2023.
- Ford produced 4.4 million vehicles globally in 2023.
- Honda produced 3.9 million vehicles in 2023.
- Nissan produced 3.37 million vehicles in FY2023.
- Renault Group output reached 2.23 million vehicles in 2023.
- Suzuki produced 2.98 million vehicles including motorcycles in 2023.
- BMW Group produced 2.51 million vehicles in 2023.
- Mercedes-Benz Cars produced 2.04 million vehicles in 2023.
- Tesla Gigafactory output contributed to 1.85 million vehicles in 2023.
- Tata Motors produced 1.02 million vehicles in FY2023.
- Geely produced 2.5 million vehicles in 2023.
- Global vehicle production totaled 93.5 million units in 2023.
- China produced 30.16 million vehicles in 2023, leading globally.
- US vehicle production was 10.6 million units in 2023.
- Japan produced 8.98 million vehicles in 2023.
- Germany output was 4.11 million vehicles in 2023.
- Toyota's Kentucky plant produced 550,000 vehicles in 2023.
- Volkswagen's Chattanooga plant output 170,000 SUVs in 2023.
- Hyundai's Alabama plant produced 400,000 vehicles in 2023.
- GM's Renaissance Center oversaw 2.2 million US production in 2023.
- Ford's Dearborn Truck Plant produced 400,000 F-Series in 2023.
Production Statistics Interpretation
Revenue and Financials
- Toyota revenue reached 37.15 trillion yen ($275 billion) in FY2023.
- Volkswagen Group revenue was €322.3 billion in 2023.
- Stellantis revenue hit €189.5 billion in 2023.
- General Motors revenue was $171.8 billion in 2023.
- Ford revenue totaled $176.2 billion in 2023.
- Honda revenue was 20.4 trillion yen ($134 billion) in FY2023.
- Hyundai Motor revenue reached 138.8 trillion won ($107 billion) in 2023.
- BMW Group revenue was €155.5 billion in 2023.
- Mercedes-Benz Group revenue €153.2 billion in 2023.
- Tesla revenue $96.8 billion in 2023.
- Nissan revenue 12.69 trillion yen ($83 billion) in FY2023.
- Renault Group revenue €52.4 billion in 2023.
- Global automotive industry revenue exceeded $3 trillion in 2023.
- Toyota operating profit 4.9 trillion yen in FY2023.
- Volkswagen operating profit €22.6 billion in 2023.
- Stellantis net profit €18.6 billion in 2023.
- GM net income $10.1 billion in 2023.
- Ford net income $4.3 billion in 2023.
- Tesla net income $15 billion in 2023.
- Automotive R&D spending globally $140 billion in 2023.
- Toyota market cap $300 billion as of end-2023.
- Tesla market cap $790 billion end-2023.
Revenue and Financials Interpretation
Sales and Market Share
- In 2023, Toyota Motor Corporation achieved global vehicle sales of 11.23 million units, securing the top position among automakers.
- Volkswagen Group reported 9.24 million vehicle deliveries worldwide in 2023, ranking second globally.
- Hyundai Motor Group sold 7.3 million vehicles in 2023, including Kia and Genesis brands.
- Stellantis delivered 6.17 million vehicles in 2023 across its 14 brands.
- General Motors sold 6.19 million vehicles globally in 2023.
- Ford Motor Company achieved 4.4 million vehicle sales in 2023.
- Honda Motor Co. sold 3.94 million vehicles worldwide in 2023.
- Nissan Motor Corporation delivered 3.37 million vehicles in 2023.
- Renault Group sold 2.24 million vehicles in 2023.
- Suzuki Motor Corporation achieved 1.99 million global sales in 2023.
- BMW Group delivered 2.55 million vehicles in 2023.
- Mercedes-Benz Group sold 2.04 million passenger cars in 2023.
- Tesla Inc. delivered 1.81 million vehicles globally in 2023.
- Tata Motors sold 1.5 million vehicles including Jaguar Land Rover in FY2023.
- Geely Automobile Holdings sold 1.69 million vehicles in 2023.
- Toyota held 10.5% global market share in passenger vehicles in 2023.
- Volkswagen Group's market share was 8.7% in 2023 worldwide.
- Hyundai-Kia combined for 6.9% global market share in 2023.
- US new vehicle sales reached 15.5 million units in 2023.
- China passenger vehicle sales hit 26.4 million units in 2023.
- Europe new car registrations totaled 10.5 million in 2023.
- Toyota Camry was the best-selling sedan globally with 680,000 units in 2023.
- Ford F-Series sold 750,000 units in the US in 2023.
- Tesla Model Y was the world's top-selling car with 1.23 million units in 2023.
- Toyota RAV4 sold 1.07 million units globally in 2023.
- Corolla family sales reached 1.01 million units in 2023.
- Honda CR-V sold 410,000 units worldwide in 2023.
- Volkswagen Tiguan sales were 680,000 units in 2023.
- Stellantis Jeep Wrangler sold 200,000 units in 2023.
Sales and Market Share Interpretation
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