World's top 10 most 'future-ready' carmakers

Three Chinese auto brands were among the top 10 most "future-ready" carmakers, according to the 2023 Future Readiness Indicator for the auto industry.

Chinese carmaker BYD moved up three places from last year to second position just after Tesla, while XPeng ranked 6th and Li Auto ranked 7th, up six and seven notches, respectively, the business school International Institute for Management Development IMD said in a report.

The Future Readiness Indicator has been compiled annually since 2010 to assess the world's top carmakers' ability to adapt to future challenges. The rankings are based on the companies' performance in financial fundamentals, investor expectations, business diversity, research and development, early innovation results, and cash and debt.

Let's take a look at the top 10 most "future-ready" carmakers in the world.