Time magazine has, for the first time in its 98-year history, published a Top 100 list of the most influential companies in the world. Among the Top 100 most influential companies, a number of car manufacturers – including the Volkswagen Group and Tesla – have been recognized in various categories for making a noteworthy impact across the globe.

The recognized nominees included companies in the health-care sector, entertainment, technology and transportation sector, and were evaluated on their ambition, impact, innovation, leadership, relevance and success. Each institution was then placed within one of the five categories: “Leaders”, “Titans”, “Pioneers”, “Innovators” and “Disruptors”.

The Volkswagen Group was named in the category of “Leaders” for its pursuit of electrification and the German automotive giant’s aim to surpass its competitors in the EV segment by 2025. The Volkswagen Group is also striving towards carbon neutrality by the year 2050.

US company General Motors was listed in the “Titans” category. Under the leadership of CEO Mary Barra, who is featured on one of the five covers of Time magazine’s Top 100 Most Influential Companies issue, the US car manufacturer received this accolade as a result of its pursuit of a greener future. GM aims at producing 30 electric vehicles by 2025 and achieve carbon neutrality the following decade. US electric-vehicle manufacturer Tesla, meanwhile, was named in the category of “Disruptors” for its role in renewable energy in the transportation sector.

The list further included Chinese firm BYD Co. Ltd and technology company Nvidia in the “Innovators” category. BYD Co. Ltd featured for its development of EVs and Nvidia for its role in autonomous driving technologies.