Volkswagen and Tesla dropped out of the list of the most influential companies according to Time

Volkswagen and Tesla dropped out of the list of the most influential companies according to Time 1




The American magazine Time presented its annual list of 100 companies that have “the most noticeable influence on the formation of the future”. This list is the second in a row, and this time there was a place only for three automakers: American Ford, Chinese BYD, and Rivian, the developer of electric cars. At the same time, Tesla, which was on last year’s list, is not on the new one. Volkswagen and General Motors also dropped out.

Ford and Rivian are new to the list, with only BYD retaining its place for the year. Each of the automakers is noted for a certain achievement: Ford was praised for its electrification and investment in green mobility, as well as the “battery” version of the F-150 Lightning pickup, which brought the company’s value to more than $100 billion in January.

Rivian has yet to actively ship the R1T pickup, having delivered less than a thousand units but has managed to get 83,000 orders. The company has earned a spot on the list for developing electric cars that have interested Amazon and Jeff Bezos’ personnel. The firm, founded in 2009 as a small startup, hopes to ramp up production capacity to 25,000 electric cars a year.

China’s BYD, part of industrial conglomerate BYD Co. Ltd. and the other day announced the cessation of production of cars with traditional internal combustion engines. Only electric cars and cars with hybrid powertrains will remain in the lineup – BYD calls itself the first car brand to take this radical step.

As for Tesla, the company has never produced a single production copy of the Cybertruck electric pickup, introduced back in 2019 – this fact probably influenced the decision of the list’s compilers. At the same time, in 2021, Time named Tesla head Elon Musk the man of the year.

Source: Time