Back بي واي دي أوتو Arabic بى واى دى اوتو ARZ بی‌وای‌دی AZB BYD Auto Byelorussian বিওয়াইডি অটো Bengali/Bangla BYD Auto Czech BYD Auto Danish BYD Auto German BYD Auto Spanish خودروسازی بی‌وای‌دی Persian

BYD Auto

BYD Auto Co., Ltd.
Native name
比亚迪汽车
Company typeSubsidiary
IndustryAutomotive
PredecessorXi'an Qinchuan Automobile Co., Ltd.
Founded2003 (2003)
FounderWang Chuanfu
Headquarters
Xi'an, Shaanxi, China
Shenzhen, Guangdong
,
China
Area served
Worldwide
Production output
Increase 3,045,231 vehicles (2023)
RevenueIncrease CN¥483.4 billion (2023)
ParentBYD Company (99%)
Subsidiaries
Chinese name
Simplified Chinese比亚迪汽车有限公司
Traditional Chinese比亞迪汽車有限公司
Hanyu PinyinBǐyàdí Qìchē Yǒuxiàn Gōngsī
Websitebydauto.com.cn (Chinese)
byd.com (English)
Footnotes / references
[1][2][3][4][5][6][7]

BYD Auto Co., Ltd. is the automotive subsidiary of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks.

BYD Auto was founded in January 2003 by BYD owner Wang Chuanfu, following BYD's acquisition of Xi'an Qinchuan Automobile. The first car designed by BYD, the BYD F3, entered production in 2005. BYD started producing its first plug-in hybrid electric vehicle, the BYD F3DM in 2008, followed by its first production battery electric vehicle, the BYD e6 in 2009. In March 2022, BYD ended production of purely internal combustion engined cars to focus on new energy vehicles. The company sells its vehicles under the main BYD brand, and sells high-end vehicles under its Denza, Yangwang and Fangchengbao brands.

Following a series of decline in sales and profit, BYD Auto has experienced substantial sales growth since 2020 due to the increasing market share of new energy vehicles in China. In the fourth quarter of 2023, BYD was the top-selling battery electric vehicle manufacturer in the world ahead of Tesla.[8] BYD was also the best-selling car brand in China in 2023, overtaking Volkswagen which held the title since the liberalisation of the Chinese automotive industry.[9] The company also expanded sales of passenger cars into overseas markets since 2021, mainly in Europe, Southeast Asia, Oceania and South America.

The company is characterised by its extensive vertical integration, leveraging BYD group's expertise in producing batteries and other related components such as electric motors and electronic controls. Most components in BYD vehicles except tires and windows are claimed to be produced in-house within the BYD group.[10] The group operates lithium mines, lithium processing, battery production, and an in-house computer chip unit, ensuring control and flexibility in production cost and volume.[11][12] BYD's battery division, FinDreams Battery, is the world's third largest producer of electric vehicle batteries as of the first half of 2022. It specialises in lithium iron phosphate (LFP) batteries, including BYD's proprietary Blade battery.[13]

  1. ^ Cite error: The named reference CNC2023 was invoked but never defined (see the help page).
  2. ^ "BYD Annual Report 2022" (PDF). p. 278. Retrieved 14 November 2023.
  3. ^ "比亚迪(002594.SZ)发2022年度业绩，新能源乘用车年销量创新高，净利增446%至166亿元，拟10派11.42元" [BYD (002594.SZ) released its 2022 annual results. Annual sales of new energy passenger vehicles hit a new high, and net profit increased by 446% to 16.6 billion yuan. It plans to send 10 units to 11.42 yuan]. Zhitong Finance. 28 March 2023. Retrieved 4 April 2023.
  4. ^ "BYD Downplays China Price War Impact After Q4 Profit Jumps". US News & World Report. 28 March 2023. Retrieved 4 April 2023.
  5. ^ "BYD profit surged by 400% last year as the electric vehicle market keeps going in China". Quartz. 28 March 2023. Retrieved 4 April 2023.
  6. ^ Nika (23 September 2021). "BYD registers Zhengzhou-based subsidiary for NEV, auto parts sales". Gasgoo. Retrieved 14 December 2023.
  7. ^ "BYD sold 1.86M light-duty NEVs in 2022, up 209%". Green Car Congress. 3 January 2023. Retrieved 8 December 2023.
  8. ^ Kane, Mark (2 January 2024). "BYD Sales Hit Massive Record In December, Overtaking Tesla". InsideEVs. Retrieved 2 January 2024.
  9. ^ Cite error: The named reference BloombergVW was invoked but never defined (see the help page).
  10. ^ Johnson, Peter (27 September 2023). "BYD America boss explains Chinese EV makers edge as it expands overseas". Electrek. Retrieved 22 December 2023.
  11. ^ Hui, Mary (2 August 2023). "Chinese EV maker BYD is rocketing up Fortune's Global 500 ranking". Quartz. Retrieved 12 November 2023.
  12. ^ White, Edward; Campbell, Peter (7 July 2022). "How China's BYD played catch-up with Tesla". Financial Times. Retrieved 12 November 2023.
  13. ^ "2022 1H Global[1] EV & Battery Performance Review". SNE research. 18 July 2022. Retrieved 1 October 2022.

Rich TVX News Network Site

Rich TVX News Network Info

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search