Chinese manufacturing company
For the vehicle manufacturing and sales subsidiary, see
BYD Auto .
BYD Company Limited or BYD (Chinese : 比亚迪 ; pinyin : Bǐyàdí ) is a publicly listed Chinese multinational manufacturing conglomerate headquartered in Shenzhen, Guangdong , China. It is a vertically integrated company with 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 .
BYD 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] The company 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 has been the privately owned company with the largest workforce in China since 2022, ranking only below several state-owned companies . As of 2024[update] , BYD employs 704,000 people, of which 102,000 are research and development (R&D) employees.[ 19] It also leads by patent applications, by filing over 13,000 patents between 2003 and 2023.[ 20]
BYD's stock is listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange with two types of shares (H and A respectively). The company was ranked 212th on the Fortune Global 500 in 2023.[ 21]
^ "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 .
^ "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).
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^ "BYD Company" . Archived from the original on 28 October 2016. Retrieved 27 October 2016 .
^ "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 .
^ "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 .
^ "BYD COMPANY LIMITED : Shareholders Board Members Managers and Company Profile | CNE100001526 | MarketScreener" . Archived from the original on 17 April 2021. Retrieved 1 September 2020 .
^ "BYD COMPANY LIMITED : Shareholders Board Members Managers and Company Profile | CNE100001526 | MarketScreener" . Archived from the original on 17 April 2021. Retrieved 1 September 2020 .
^ "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 .
^ 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 .
^ "【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 . Archived from the original on 27 March 2024. Retrieved 27 March 2024 .
^ 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 .
^ 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 .
^ "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. Archived from the original on 4 January 2024. Retrieved 25 December 2023 .
^ 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 .
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^ Kang, Lei (7 February 2024). "Global EV battery market share in 2023: CATL 36.8%, BYD 15.8%" . CnEVPost . Archived from the original on 3 March 2024. Retrieved 4 July 2024 .
^ "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. Archived from the original on 15 June 2024. Retrieved 15 June 2024 .
^ Shimizu, Naoshige (21 September 2023). "BYD outpaces Tesla 16-fold in patent filings" . Nikkei Asia . Archived from the original on 13 July 2024. Retrieved 13 July 2024 .
^ Hui, Mary (2 August 2023). "Chinese EV maker BYD is rocketing up Fortune's Global 500 ranking" . Quartz . Archived from the original on 29 July 2024. Retrieved 4 July 2024 .