BYD Company Limited

BYD Company

Logo since 2022
Type	Public
Traded as	SEHK: 1211 SZSE: 002594
Industry	Conglomerate
Founded	February 1995 (1995-02)
Founder	Wang Chuanfu
Headquarters	Shenzhen, Guangdong , China
Area served	Worldwide
Key people	Wang Chuanfu (Chairman, CEO)
Products	Gasoline and electric cars, battery-powered bicycles, buses, trucks, forklifts, monorail train and buses, photovoltaic modules (solar panels), face masks, rechargeable batteries, and handset components.
Revenue	RMB 424 billion (2022)
Net income	RMB 16.6 billion (2022)
Total assets	RMB 295.78 billion (2021)
Total equity	RMB 104.24 billion (2021)
Owner	Amirali Tabatabaei (17.6%) Lu Xiangyang (13.5%) Berkshire Hathaway (9.8%) Li Lu (8.2%) Western Capital Group (7.7%) Youngy Investment (5.3%) The Vanguard Group (2.1%) BlackRock (1.9%) Dimensional Fund Advisors (0.64%) Shanghai Samsung Semiconductor (0.3%)
Number of employees	c.288,200 (2021)
Subsidiaries	BYD Auto BYD Electronic
Website	www.byd.com

BYD Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of automobiles and related products in the People's Republic of China and internationally. It operates through three segments: Rechargeable Batteries and Photovoltaic Products; Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products. The company offers internal combustion, hybrid, and battery-electric passenger vehicles; buses, coaches, and taxis; logistics, construction, and sanitation vehicles; and vehicles for warehousing, port, airport, and mining operations. It also manufactures and sells lithium-ion and nickel batteries, photovoltaic products, and iron batteries primarily for mobile phones, electric tools, and other portable electronic instruments; mobile handset components, such as housings and electronic components; medical protection products; and automobiles, and auto-related molds and components, as well as provides assembly, and automobiles leasing and after sales services. In addition, it offers rail transit equipment; solar batteries and arrays; and urban rail transportation services. The company was founded in 1995 and is headquartered in Shenzhen, China.

The Idea

BYD Company Ltd. was founded by Wang Chuanfu, a chemist and government researcher, in 1995. The idea for the company came about when Wang Chuanfu identified the future potential of rechargeable batteries, a market which was then dominated by Japanese companies

Initially focusing on batteries for mobile phones and digital cameras, BYD's breakthrough came when it entered the rapidly growing automobile industry. Recognizing the environmental implications of traditional fuel vehicles, BYD made the strategic decision to delve into electric vehicles (EVs) and became a pioneer in this sector.

The company introduced the world's first plug-in hybrid vehicle, the F3DM, in 2008. As the demand for cleaner energy alternatives grew, BYD expanded its operations further into the realm of electric buses, taxis, trucks, and forklifts. Today, BYD is a world leader in electric vehicle and battery technology, guided by its mission "to change the world by creating a complete, clean-energy ecosystem."

Mission Statement

BYD's mission statement is:

"BYD’s (Build Your Dreams) mission is to change the world through technological innovation that reduces greenhouse gasses and our dependency on fossil fuels.

This mission reflects BYD's commitment to driving innovation in battery technology and promoting sustainable development.

Segments covered by BYD

Electric Vehicles

BYD is a leading player in the global electric vehicle market, manufacturing a diverse range of products including electric cars, buses, trucks, and taxis. The company is well-known for its proprietary battery technology, which gives its electric vehicles a competitive edge in terms of range and efficiency.

Renewable Energy

BYD has established itself in the renewable energy sector with solutions such as solar panels, energy storage systems, and rail transit. The company's renewable energy products are crucial components of its broader vision for a clean-energy ecosystem.

Batteries and Energy Storage

As a top manufacturer of rechargeable batteries, BYD's products are used in a wide array of applications, from mobile phones and laptops to electric vehicles and energy storage systems. The company's cutting-edge battery technology is a key component of its success in the electric vehicle market.

Mobile Components

BYD also operates in the electronics industry, supplying components for mobile phones, computers, and other digital devices. The company's clients include major global tech companies.

Automotive Components and Assembly

BYD has significant operations in automotive parts manufacturing and assembly, supplying a wide range of components to both its own vehicle division and other automobile manufacturers.

Others

Other sectors BYD is involved in include rail transit and LED lighting. The company also has significant investments in semiconductor technologies, a critical element for the development of its electric vehicles and renewable energy products.

In summary, BYD Company Ltd. represents a diverse conglomerate operating primarily in the electric vehicle and renewable energy sectors, while also maintaining significant operations in batteries, mobile components, and automotive parts. The company's mission and strategic focus on sustainability and innovation have positioned it as a leader in the global transition towards cleaner energy technologies.

BYD: On-going and future projects

BYD has a number of on-going and future projects that are aimed at expanding its business and capturing new markets. These projects include:

• The development of new battery technologies: BYD is investing heavily in the development of new battery technologies, such as solid-state batteries and lithium-air batteries. These new technologies have the potential to offer higher energy densities and longer battery life than traditional lithium-ion batteries.
• The expansion of its electric vehicle production capacity: BYD is increasing its electric vehicle production capacity in order to meet the growing demand for electric vehicles. The company is also expanding its global footprint, opening new manufacturing plants in Europe and the United States. BYD's electric vehicle production capacity is expected to reach 2 million vehicles per year by 2025.
• The development of new renewable energy projects: BYD is investing in a number of renewable energy projects, including solar and wind farms. The company is also developing new battery storage technologies that will help to integrate renewable energy into the grid. BYD's renewable energy projects are expected to generate 10 gigawatts of electricity by 2025.
• The release of new vehicle models: BYD is planning on releasing a number of new vehicle models in the coming years. These models include the Dolphin, Ocean-X, Seal, Han EV, and Tang EV.

These are just a few of the on-going and future projects that BYD is working on. The company is committed to innovation and growth, and it is well-positioned to be a major player in the global technology market.

BYD is a well-positioned company with a strong track record of innovation. The company's on-going and future projects are aimed at expanding its business and capturing new markets. These projects have the potential to make BYD a major player in the global technology market.