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BYD Company

For the vehicle manufacturing and sales subsidiary, see BYD Auto.

BYD Company Limited
FormerlyShenzhen BYD Battery Company Limited (1995–2002)
Company typePublic
SEHK: 1211
SZSE: 002594
IndustryConglomerate
Founded10 February 1995 (1995-02-10)
FounderWang Chuanfu
Headquarters
Shenzhen, Guangdong
,
China
Area served
Worldwide
Key people
Wang Chuanfu (chairman, CEO)
Products
Production output
  • Increase 3.04 million vehicles (2023)
  • Increase 111.4 GWh electric vehicle batteries (2023)
RevenueIncrease CN¥602.31 billion (2023)
Increase CN¥38.1 billion (2023)
Increase CN¥31.34 billion (2023)
Total assetsIncrease CN¥679.54 billion (2023)
Total equityIncrease CN¥140 billion (2023)
Owners
Number of employees
Increase 704,000 (2024)
Subsidiaries
Websitebydglobal.com
Footnotes / references
[1][2][3][4][5][6][7][8][9][10][11][12]
BYD Company
Simplified Chinese比亚迪股份有限公司
Traditional Chinese比亞迪股份有限公司

BYD Company Limited or BYD (Chinese: 比亚迪; pinyin: Bǐyàdí) is a publicly listed Chinese multinational conglomerate manufacturing company headquartered in Shenzhen, Guangdong, China. It is a vertically integrated company that has several major subsidiaries, including BYD Auto which produces automobiles, BYD Electronics which produces electronic parts and assembly, and FinDreams, a brand name of multiple companies that produces automotive components and electric vehicle batteries.

The company was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles.[13] Since 2009, BYD's automotive business has contributed over 50% of its revenue. By 2023, it contributed over 80% of the company's total revenue.[14][15]

BYD also produces rechargeable batteries (handset batteries, electric vehicle batteries and bulk storage), forklifts, solar panels, semiconductors, and rail transit network.[16][17] Through its subsidiary FinDreams Battery, BYD was the second largest electric vehicle battery producer globally in 2023 after CATL, by producing 15.8% of the world's output.[18]

BYD's stock listing is on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange. The company was ranked 212th on the Fortune Global 500 in 2023.[19]

BYD has been the privately owned company with the largest workforce in China since 2022, ranking only below several state-owned companies. As of 2024, BYD employs 704,000 people, of which 102,000 are research and development (R&D) employees.[20] It also leads by patent applications, by filing over 13,000 patents between 2003 and 2023.[21]

  1. ^ "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". Archived from the original on 29 March 2023. Retrieved 29 March 2023.
  2. ^ "Annual Report 2021" (PDF). BYD Global. Archived (PDF) from the original on 31 March 2022. Retrieved 6 September 2022 – via Hong Kong Stock Exchange (HKEX).
  3. ^ "BYD Company Limited (BYDDY) Company Profile & Facts - Yahoo Finance". Archived from the original on 17 April 2021. Retrieved 25 March 2021.
  4. ^ "Skyrail - BYD USA". en.byd.com/. Archived from the original on 2 May 2019. Retrieved 12 October 2023.
  5. ^ "BYD Company". Archived from the original on 28 October 2016. Retrieved 27 October 2016.
  6. ^ "Berkshire Hathaway sells $58.9 million worth of shares in China's BYD". CNA. Archived from the original on 28 July 2023. Retrieved 6 September 2023.
  7. ^ "Berkshire Hathaway sells $58.9 MLN worth of shares in China's BYD". Reuters. 8 May 2023. Archived from the original on 31 May 2023. Retrieved 9 May 2023.
  8. ^ "BYD COMPANY LIMITED : Shareholders Board Members Managers and Company Profile | CNE100001526 | MarketScreener". Archived from the original on 17 April 2021. Retrieved 1 September 2020.
  9. ^ "BYD COMPANY LIMITED : Shareholders Board Members Managers and Company Profile | CNE100001526 | MarketScreener". Archived from the original on 17 April 2021. Retrieved 1 September 2020.
  10. ^ "Samsung sells $1.3 bn stake in China's BYD, keeps watchers puzzled". Archived from the original on 17 September 2023. Retrieved 9 May 2023.
  11. ^ 定焦One (25 October 2023). "比亚迪"膨胀"：如何管好60万人？-36氪" [BYD's "expansion": How to manage 600,000 people?]. 36kr.com. Archived from the original on 24 December 2023. Retrieved 24 December 2023.
  12. ^ "【图】增长42.04% 比亚迪2023年营收6023.15亿_汽车之家" [Growth of 42.04%, BYD’s revenue in 2023 is 602.315 billion]. www.autohome.com.cn. Retrieved 27 March 2024.
  13. ^ Anna, Cooban; He, Laura (26 March 2024). "BYD's profit soared 80% in the year the Chinese EV giant overtook Tesla". CNN Business. Retrieved 29 March 2024.
  14. ^ Qu, Yingming (5 April 2023). "The Advantages of Supply Chain Integration in Electric-vehicle Industry: Evidence from BYD". Highlights in Business, Economics and Management. 7: 179–185. doi:10.54097/hbem.v7i.6940. ISSN 2957-952X.
  15. ^ "当下的比亚迪，能不能代表中国汽车？" [Can current BYD represent Chinese automobiles?]. Sina Finance. 19 August 2023. Retrieved 25 December 2023.
  16. ^ Gunther, Marc (13 April 2009). "Why Warren Buffett is investing in electric car company BYD". Fortune. Archived from the original on 27 April 2009. Retrieved 2 May 2009.
  17. ^ Cite error: The named reference :6 was invoked but never defined (see the help page).
  18. ^ Kang, Lei (7 February 2024). "Global EV battery market share in 2023: CATL 36.8%, BYD 15.8%". CnEVPost. Retrieved 4 July 2024.
  19. ^ Hui, Mary (2 August 2023). "Chinese EV maker BYD is rocketing up Fortune's Global 500 ranking". Quartz. Retrieved 4 July 2024.
  20. ^ "中国第一大民企诞生，坐拥60万员工-36氪" [China's largest private enterprise was born, with 600,000 employees]. 36kr.com. 21 December 2023. Retrieved 15 June 2024.
  21. ^ Shimizu, Naoshige (21 September 2023). "BYD outpaces Tesla 16-fold in patent filings". Nikkei Asia. Retrieved 13 July 2024.

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