BYD Company

Chinese manufacturing company

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

BYD Company Limited

The entrance of BYD headquarters in Pingshan, Shenzhen, China

Company type| Public

Traded as

| SEHK: 1211
SZSE: 002594
Industry| Conglomerate
Founded| 10 February 1995; 29 years ago (1995-02-10)
Founder| Wang Chuanfu
Headquarters|

Shenzhen, Guangdong

China

Area served

| Worldwide

Key people

| Wang Chuanfu (chairman, CEO)
Products|

* Automobiles
* automotive components
* forklifts
* rechargeable batteries
* photovoltaic systems
* handsets
* handset components
* semiconductors
* monorail systems and cars

Revenue|  CN¥602.31 billion (2023)

Operating income

| 121,757,004,000 renminbi (2023)

Net income

|  CN¥30.04 billion (2023)
Total assets|  CN¥679.54 billion (2023)
Total equity|  CN¥140 billion (2023)
Owners|

* Wang Chuanfu (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.570,000 (2022)
Subsidiaries|

* BYD Auto
* BYD Electronic
* BYD Semiconductor
* BYD Transit Solutions
* FinDreams

Website| www.bydglobal.com/en/
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
| Transcriptions

Standard Mandarin
Hanyu Pinyin| Bǐyàdí Gǔfēn Yǒuxiàn Gōngsī
Yue: Cantonese
Jyutping| bei2 aa3 dik6 gu2 fan6*2 jau5 haan6 gung1 si1

BYD Company Limited[13] or BYD (Chinese: 比亚迪; pinyin: Bǐyàdí) is a publicly listed Chinese multinational conglomerate manufacturing company headquartered in Shenzhen, Guangdong province,[14] founded by Wang Chuanfu in February 1995.[15] The company has several major subsidiaries: BYD Auto, which produces automobiles including passenger cars and electric buses; BYD Electronics, which produces electronic parts and assembly; and FinDreams, which produces automotive components and electric vehicle batteries.[16]

BYD's largest subsidiary, BYD Auto, was founded in 2003 and currently is the world's largest electric vehicle manufacturer,[17] with three other subsidiary brands Denza, Yangwang and Fangchengbao. Since 2009, BYD's automotive business has contributed above 50 percent of its revenue, reaching 76 percent in 2022.[18][19] Through other subsidiaries, BYD also produces rechargeable batteries (mobile phone batteries, electric vehicle batteries and bulk storage), forklifts, solar panels, semiconductors, and rail transit network.[20][21]

## Name[edit]

The "BYD" name is the pinyin initials of the company's Chinese name Biyadi, which itself was created from company's original trademark Yadi Electronics (亚迪电子, named after the Yadi Road in Dapeng New District, where the company was once based) and the character Bi was just conveniently added to give the company an alphabetical advantage in trade shows. The company later created a backronym slogan "Build Your Dreams".[22][23]

## History[edit]

BYD's founder, chairman and CEO, Wang Chuanfu

BYD was founded on 10 February 1995 with a focus on rechargeable nickel–cadmium (NiCd) batteries. While working as a vice supervisor at the Beijing Nonferrous Research Institute, BYD's founder, Wang Chuanfu, noticed an opportunity presented by the shift in Japanese companies from NiCd to high-value nickel–metal hydride (NiMH) and lithium-ion (Li-ion) batteries. Having identified this market shift in 1993, he moved to Shenzhen with his cousin Lu Xiangyang and founded Shenzhen BYD Battery Company Limited in 1995 to capitalize on the opportunity.[24] Wang started his business in the back alleys of Buji, a neighbourhood in Shenzhen. Having achieved little success, in 1997 Wang moved his business, also consisting of a battery research institute to Longgang in Shenzhen, where BYD started receiving orders from multinational companies.[25]

Logo until 2022

BYD grew its business in its early days by implementing a redesigned manufacturing approach by incorporating more manual labour, in contrast of the capital-intensive and highly automated processes in Japan. This manufacturing process, along with in-house production of key machinery, contributed to a substantial reduction in unit costs compared to Japanese competitors. Despite BYD's nominal productivity being ten times less than Japanese companies, the unit cost of a Japanese battery was five or six times higher.[26] As the result of its competitiveness, BYD rapidly ascended to become the world's leading NiCd battery manufacturer by July 2002, accounting for 65 percent of global production. Within seven years, BYD secured its position as the second-largest producer of NiMH batteries and the third-largest in Li-ion batteries.[26] After ten years, BYD had captured more than half the world's mobile phone battery market and was the largest Chinese manufacturer (and in the top four globally) of all types of rechargeable batteries.[27][20] BYD started producing mobile phone components in the early 2000s. BYD Electronics was spun off in 2007.[28]

In September 2008, MidAmerican Energy Holdings, a subsidiary of Warren Buffett's Berkshire Hathaway Inc, invested about US$230 million for a 10% (or 9.89%[29]) share of BYD at HK$8/share.[30] BYD topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies.[31]

In 2016, BYD unveiled a working monorail prototype marketed as "Skyrail" (Chinese: 云轨; lit. 'cloud rail')[32][33][34] and announced they will enter the global rail transit market.[35] The first public Skyrail line opened as a 9.7 km (6.0 mi) long loop line in Yinchuan's flower expo in 2018.[36][37]

Due to the slowdown of BYD Auto's sales, between 2017 and 2019, BYD saw its net profit has falling sharply for three consecutive years, especially in 2019 when it dropped to CN¥ 1.6 billion. Wang Chuanfu described it as the "darkest moment", since at that time the company had only one goal, which was to survive.[38] However, Wang insisted on investing CN¥ 8.4 billion in research and development.[39] In 2020, BYD received the equivalent of €2.1 billion in Chinese state subsidies.[40]

### Automobile industry[edit]

Main article: BYD Auto § History

In 2002, Wang created a new affiliate to be listed on the Hong Kong Stock Exchange. The initial public offering (IPO) published on 31 July 2002[41] focused solely on BYD's ambition to become the world's second-largest battery firm, with no mention of venturing into the automobile industry.

A BYD car showroom in a shopping mall in Shenzhen

In January 2003, Wang made the unexpected decision to acquire Xi'an Qinchuan Auto Company Limited (Qinchuan Auto), despite facing disapproval from the BYD Company's board of directors. At that time, China had 28 car manufacturers, both foreign and local, prompting the government to restrict new entries into the automobile industry unless through the acquisition of an existing player. BYD invested ¥250 million in Qinchuan Auto, aiming to enter the Chinese automobile industry and securing a license for car manufacturing. However, Qinchuan Auto's technology was outdated, and expansion capacity was limited. BYD responded by constructing a new manufacturing plant in the Xi'an Development Zone within the same province, producing conventional petrol-powered cars.[42]

Within two years, its first car, the BYD F3 made a debut with production starting in April 2005.[26] The company produced its first plug-in hybrid vehicle, the BYD F3 DM in 2008, followed by its first production battery electric vehicle, the BYD e6 in 2009.[43][44] In March 2022, BYD ended the production of pure internal combustion engine vehicles to focus on plug-in electric vehicles.[45]

Currently, the automotive business constitutes the majority of BYD's revenue. In 2022, BYD reported a revenue of around CN¥ 324.691 billion from automotive and related products, a year-on-year increase of 151.78 percent and accounted for 76.57 percent of BYD's total revenue. Additionally, revenue from mobile phone parts, assembly, and other product businesses reached CN¥ 98.815 billion yuan, marking a 14.3 percent year-on-year increase. In research and development, BYD invested CN¥ 18.654 billion in 2022, marking a year-on-year surge of 133.44 percent.[46]

## Corporate affairs[edit]

The company has its corporate headquarters in the Pingshan District, Shenzhen, Guangdong province of China. Its North American headquarters are in Downtown Los Angeles, and BYD has sales offices in various countries.[47]

## Subsidiaries and businesses[edit]

### BYD Auto[edit]

Main article: BYD Auto

### BYD Electronics[edit]

BYD Electronics Co., Ltd. (比亚迪电子) manufactures handset components and assembles mobile phones for its customers as an OEM or ODM. Created as a subsidiary of BYD in 2002, it issued an IPO on the Hong Kong Stock Exchange in 2007 having been incorporated in Hong Kong on 14 June 2007.[48] The company operated several overseas factories,[49] such as in Cluj, Romania;[50] a Komárom, Hungary, production base that was acquired through the February 2008 purchase of Mirae Hungary Industrial Manufacturer Ltd;[50] and a Chennai, India, base, which was also completed in 2008.[50] In addition, BYD Electronic has production bases in Huizhou, Tianjin, and at Baolong Industrial Park, Longgang District, Shenzhen.[51] In May 2024, it was announced that BYD Electronic International Co. would be added to Hong Kong’s Hang Seng Index.[52]

Since 2020, BYD Electronics became one of the original equipment manufacturer (OEM) of Apple's iPad.[53] It also produces iPads in its factory in Vietnam, which went operational in July 2022. The Vietnamese factory is located at the Phu Ha industrial park in the Phú Thọ province. The first phase of the facility has an annual capacity of 4.32 million tablets and 50 million optical prism products.[54][55]

In August 2023, BYD has agreed to buy several Chinese factories operated by Jabil, a U.S. manufacturer that supplies major components to Apple.[56]

### BYD Semiconductor[edit]

BYD Semiconductor Co., Ltd. was established in 2020 as the successor to the BYD IC Design Department that was established in 2002.[21] manufactures and distributes semiconductor products such as integrated circuits, insulated gate bipolar transistor modules, light emitting diodes, single chips, and other products.[57] The company planned to issue an initial public offering (IPO) before cancelling it in November 2022 as the company chose to increase investments in wafer production.[58]

### BYD Forklift[edit]

BYD Forklift was established in 2009 and headquartered in Zhenjiang, Shaoguan. It develops and produces electric forklifts with an annual production capacity of 30,000 units. The company marketed its forklifts since 2014.[59]

### FinDreams[edit]

FinDreams

Product type| Automotive components
Owner| BYD Company Limited
Country| China
Introduced| March 2020; 4 years ago (2020-03)
Chinese name
Simplified Chinese| 弗迪
Hanyu Pinyin| Fúdí

FinDreams (Chinese: 弗迪; pinyin: Fúdí) is the brand name used by four automotive supplier companies owned by BYD. These companies were announced in March 2020 as spin-offs from BYD. The establishment of FinDreams companies was done to grow sales of components to other automotive companies. The companies include FinDreams Battery, FinDreams Powertrain, FinDreams Technology, FinDreams Vision (cancelled),[60] and FinDreams Precision.[61][62]

Its Chinese name, 'Fudi' comes from a poem in the Classic of Poetry, which means honesty, trustworthiness, steadfastness and diligence.[63]

#### FinDreams Battery[edit]

FinDreams Battery Co., Ltd. was registered on 5 May 2019 as a successor to BYD Lithium Battery Co. Ltd., which was established in 1998. Its products include consumer batteries, electronic batteries, electric vehicle batteries and energy storage batteries.[64] It is the world's third largest producer of electric vehicle batteries with a global market share of 12 percent in the first half of 2022. It specializes in lithium iron phosphate (LFP) batteries, including blade battery.[65] As of November 2021[update], the company has established 15 major production bases in more than 10 cities across China.[66] The subsidiary also owns Shenzhen BYD Energy Storage Co., Ltd., (previously Shenzhen Pingshan FinDreams Battery Co., Ltd.) that produces energy storage products.[67] It produces the BYD Home Energy System, simplified as BYD HES, an integrated product combining solar panels, battery, inverter, etc.[68][69] This system generated electricity from solar power, and then stored it.[70]

In early 2022, the company started construction of a joint venture plant with FAW Group called FAW-FinDreams to produce battery packs. BYD held 51 percent of the shares, while FAW held the rest. Located in Changchun, Jilin, the plant was designed with a total capacity of 45 GWh. The first battery pack rolled off the plant in July 2023, and the plant went operational in September 2023.[71]

In June 2023, FinDreams Battery established a joint venture with Huaihai Holding Group, which is best known for electric tricycles and electric scooters, intending to establish the world's largest supplier of sodium-ion batteries.[72] In January 2024, construction of the sodium-ion manufacturing plant was started. The CN¥10 billion (US$1.4 billion) plant will have a 30 GWh annual production capacity.[73]

In February 2024, the company signed an 8-year agreement with American automotive supply company, BorgWarner. FinDreams Battery will supply BorgWarner with blade cells for manufacturing LFP battery packs in Europe, the Americas and several Asia Pacific regions. BorgWarner will also secure an intellectual property license to use FinDreams battery pack design and manufacturing process.[74]

In March 2024, FinDreams Battery became a cell supplier to Tesla's energy storage manufacturing in China which operates at the newly built Shanghai Megafactory. It will start supplying 20 percent of the cells needed to produce Tesla's Megapack starting from the first quarter of 2025.[75]

#### FinDreams Powertrain[edit]

FinDreams Powertrain Co., Ltd. develops and produces engines and powertrain-related parts such as transmissions, axles, electric car platforms and plug-in hybrid systems.[21][64]

#### FinDreams Technology[edit]

FinDreams Technology Co., Ltd. develops and produces automotive electronics and chassis-related parts that are used in passenger cars, commercial vehicles, and rail transit.[64] It has ten major products such as vehicle thermal management, vehicle wiring harness, smart cockpit, advanced driver-assistance system (ADAS), passive safety, braking system, suspension and exhaust, body control, steering system, and body accessories.[21]

#### FinDreams Precision[edit]

FinDreams Precision Co., Ltd. (previously FinDreams Molding)[60] operates moulding manufacturing and research and development.[64]

### Rail transit[edit]

#### SkyRail monorail[edit]

BYD constructed monorail systems around the world, including the Guang'an Metro and the Guilin Metro in China, Line 17 in São Paulo and the SkyRail Bahia, both in Brazil. BYD is also part of a consortium that was awarded a pre-development contract to build a monorail from the San Fernando Valley to LAX via the Sepulveda Pass in Los Angeles.[76]

#### SkyShuttle tram[edit]

Pingshan SkyShuttle elevated tram line in Pingshan, Shenzhen is owned by BYD

BYD also offers a rubber-tyred tram product, known as "SkyShuttle" (Chinese: 云巴; lit. 'cloud bus').[77] Bishan rubber-tyred tram in Chongqing is operational.[78]

## Manufacturing[edit]

### Supply chain[edit]

BYD nickel–metal hydride rechargeable AA battery

BYD is characterized by its vertical supply chain system, originating as a battery company in 1995 before venturing into cars (via BYD Auto) in 2003. At the time, BYD also leverages China's low labor costs, transforming production lines for power batteries from capital-intensive to labor-intensive, ensuring a competitive edge through a robust supply chain system and reduced production costs.[79] Post-entry into the automobile industry, BYD developed the entire automotive industry chain, emphasizing core technology research and development. Proficiency in key components, such as batteries, motors, and electronic control was achieved, marked by a large-scale, fully automated production line for batteries.[18] While BYD's vertical integration bolsters its industrial chain and mitigates challenges such as the global chip shortage, the model poses challenges in adapting swiftly to market changes, influencing the company's gross profit margin.[18]

BYD diversified into research and development of semiconductor by establishing BYD Semiconductor in 2020. Core components, including automotive chips and the DiLink automotive intelligent system, were independently developed. The establishment of FinDreams companies from December 2019 focused on power batteries, automotive lighting, electronics, powertrain, and moulding. BYD heavily invested in core component development, with a substantial R&D budget and personnel. Founder Securities data reveals a 7.0% year-on-year increase in BYD's R&D investment, reaching 7.99 billion yuan in 2021. The company witnessed a 12.9% rise in R&D personnel, totaling 40,382 in 2021. Notably, BYD achieved a 19.7% year-on-year growth in the number of patents, reaching 29,777 in 2020.[18]

In early 2020, BYD transitioned its the parts and components division into subsidiary companies, collectively known as FinDreams. This shift enabled independent operations, making component supply to other automotive companies easier.[18]

### Facilities[edit]

See also: BYD Auto § Facilities

BYD US headquarters in Los Angeles, California, United States

BYD has many production bases, including three locations in Shenzhen[80] (one of which is on the self-titled 'BYD Road' (simplified Chinese: 比亚迪路; traditional Chinese: 比亞迪路; pinyin: Bǐyàdí Lù) in Pingshan District, Shenzhen),[80] as well as sites in Huizhou,[80] Shanxi,[15] and Shanghai.[15]

Auto production bases include an automobile assembly line in Xi'an, a K9 electric bus manufacturing plant in Dalian,[81] a photovoltaic module (solar panel) Bloomberg New Energy Finance Tier 1 manufacturing plant in Beijing, an R&D center and nascent automobile assembly line in Shenzhen, and an R&D center in Shanghai.[41]

US operations can be found in Elk Grove Village, Illinois, and San Francisco, California.[20] BYD also acquired a site for a future North American headquarters in downtown Los Angeles, and has built and operates a manufacturing plant in Lancaster, California, near Los Angeles.[82]

In 2019 a bus plant opened in Newmarket, Ontario to handle orders in Canada.[83][84][85] BYD has three factories in Brazil, the first of which opened in 2015 for the production of electric buses.[86] In April 2017, it inaugurated its second plant for photovoltaic modules. In 2020, BYD opened its third manufacturing plant in the country in Manaus, specifically for lithium iron phosphate batteries, for use in electric buses.[87][88] BYD has two electric bus assembly facilities in Europe in Komarom, Hungary and Beauvais, France.[89] BYD built a new facility in Chongqing, China for producing its blade battery,[90] which are considered to be the safest EV batteries.[91] The first plant of the company in India was opened in Chennai.

## Recognition[edit]

The company has been recognized for innovation; for example it has developed technologies that allow mobile phone batteries to be made at room temperature rather than in expensive, heated dry rooms.[92] In 2010, BusinessWeek ranked BYD the eighth most innovative company in the world[93] and that same year saw Fast Company ranking BYD as the 16th most innovative.[94] In 2016, BYD won the Zayed Future Energy Prize award for Large Corporations for their development of robust rechargeable batteries.[95] In 2017, PV Magazine awarded BYD the top category of innovation on its newly launched battery storage system that advances progress in three categories: modularity, charging and discharging capacity, and efficiency.[96]

## Lawsuits and controversies[edit]

See also: BYD Auto § Lawsuits and controversies

In September 2021, BYD appointed Lu Kewen, an online influencer known for spreading antisemitic tropes, as a spokesperson for the company.[97]

On 5 November 2021, a 36-year-old employee was found dead in a rented home. According to his relatives, his sudden death was due to high-intensity overtime work. However, no autopsy was conducted, so the cause of death remains unclear. BYD agreed to pay the deceased employee's family a lump sum of ¥200,000 RMB in compensation.[98]

### In the United States[edit]

Further information: United States sanctions against China

On 27 April 2020, BYD hired attorney Charles Harder and filed a federal civil complaint in U.S. District Court, Southern District of New York,[99] against Vice Media alleging defamation for a story about BYD using forced Uyghur labor in its supply chain which was published on 11 April 2020.[84] BYD's case was dismissed with prejudice in March 2021.[100]

In 2022, the United States Department of Commerce found that BYD had circumvented tariffs on solar panels by routing its operations through Southeast Asian countries.[101] In August 2023, the U.S. Department of Commerce issued final determination on BYD, determining they circumvented tariffs.[102]

The National Defense Authorization Act for Fiscal Year 2024 proposed the prohibition of US defense funding for BYD batteries on security grounds.[103][104]

### Foxconn disputes[edit]

In addition to patent litigation[30] Foxconn sued BYD in Hong Kong and Illinois in 2007, alleging BYD poached 50 Foxconn employees and was complicit in the stealing of trade secrets to set up a competing cell phone manufacturing operation.[105] Court proceedings were brought before BYD Electronic was spun off by BYD later in 2007, delaying the public listing[106] on the Hong Kong stock exchange by half a year.[107]

Foxconn[when?] also opened proceedings in the district where BYD is headquartered, at the Shenzhen Intermediate People's Court,[citation needed] which referred the case to the Supreme People's Court, which in turn commissioned an appraisal by the Beijing JZSC Intellectual Property Forensic Center into files in BYD's possession which were alleged to belong to Foxconn.[citation needed] Eventually[when?] the Shenzhen court made the final judgment: BYD's files contained non-public information originating from Foxconn, which could bring economic benefits to the holders, thereby, BYD was found guilty of infringing Foxconn's trade secrets.[106][additional citation(s) needed]

Afterwards, Foxconn withdrew the civil proceedings against BYD in mainland China, and sought criminal prosecution instead.[citation needed] On 20 March 2008, the former executive director and Vice President of BYD was arrested.[citation needed] Then on 24 and 31 March 2008 two former employees of Foxconn were arrested and sentenced to 1 year and 4 months, and 4 years in prison respectively.[106][additional citation(s) needed]

BYD issued a counterclaim to Foxconn in Hong Kong court, alleging defamation and bribery of Chinese officials as well as intimidation on Foxconn's part.[105]

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44. ^ Anderson, G. E. (19 June 2012). Designated Drivers: How China Plans to Dominate the Global Auto Industry. John Wiley & Sons. ISBN 978-1-118-32885-9. Archived from the original on 21 January 2024. Retrieved 5 December 2023.
45. ^ "BYD Discontinues Gas-only Auto Line to focus on PHEV and Pure Electric Tech". en.BYD.com. 4 April 2022. Archived from the original on 5 April 2022. Retrieved 17 April 2022.
46. ^ "2022年比亚迪营收、净利润均创历史新高 -瞭望汽车" [BYD's revenue and net profit will hit record highs in 2022]. LW News. 31 March 2023. Archived from the original on 25 December 2023. Retrieved 25 December 2023.
47. ^ "Contact Us Archived 22 February 2015 at the Wayback Machine." BYD Company. Retrieved on 17 June 2015. "BYD COMPANY LIMITED Headquarters Add.: No.3009, BYD Road, Pingshan, Shenzhen, 518118, P.R.China " - Chinese address Archived 23 May 2015 at the Wayback Machine: "比亚迪股份有限公司 总部 地址：深圳市坪山新区比亚迪路3009号 邮编：518118 " - "BYD North America Headquarters Add.:1800 S. Figueroa Street, Los Angeles, CA90015, USA"
48. ^ "BYD Electronic prices $758 mln IPO at bottom of range". Reuters. 13 December 2007. Retrieved 22 December 2023.
49. ^ Marc Gunther (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.
50. ^ a b c "BYD ELECTRONIC BYD ELECTRONIC IINTERIM REPORT 2008 (2008-09-25)" (PDF). Archived from the original (PDF) on 10 October 2008. Retrieved 30 July 2009.
51. ^ "BYD Electronic (International) Co Ltd 2007 Annual Report" (PDF). Archived from the original (PDF) on 8 July 2011. Retrieved 30 July 2009.
52. ^ "BYD Electronic to Join Hong Kong's Benchmark Index". www.bloomberg.com. Retrieved 17 May 2024.
53. ^ "BYD Electronics has become Apple's new iPad OEM". YIC-Electronics.com. Retrieved 27 May 2024.
54. ^ "China's BYD expands beyond iPads, to produce EVs in Vietnam". Nikkei Asia. Retrieved 27 May 2024.
55. ^ Oanh, Kim (9 May 2023). "BYD Electronics to start construction of $183.7 million plant this month". Vietnam Investment Review. Retrieved 27 May 2024.
56. ^ Ma, Wayne (30 August 2023). "China's BYD to Pay $2.2B to Expand Business With Apple". theinformation.com. Retrieved 27 May 2024.
57. ^ "BYD Semiconductor Co Ltd - Company Profile and News". Bloomberg.com. Archived from the original on 21 January 2024. Retrieved 22 December 2023.
58. ^ "China's BYD scraps IPO plan for semiconductor unit". Reuters. 15 November 2022. Archived from the original on 22 December 2023. Retrieved 22 December 2023.
59. ^ "比亚迪叉车：在创新中不断前行" [BYD Forklift: Keep moving forward in innovation]. Sohu. 24 November 2017. Retrieved 22 December 2023.
60. ^ a b "弗迪动力专题分析（2023.5)" [Special analysis of Fudi Power (2023.5)]. AutoThinker. Archived from the original on 22 December 2023. Retrieved 22 December 2023.
61. ^ Kane, Mark (31 March 2020). "BYD To Become An EV Parts Supplier Under FinDreams Brand". InsideEVs. Archived from the original on 22 December 2023. Retrieved 22 December 2023.
62. ^ bcusack (25 March 2020). "BYD launches FinDreams global auto component brand". Just Auto. Archived from the original on 22 December 2023. Retrieved 22 December 2023.
63. ^ "成立弗迪公司，比亚迪不仅要卖车，还想做这些事" [By establishing Fudi Company, BYD not only wants to sell cars, but also wants to do these things]. www.sohu.com. 17 March 2020. Retrieved 22 December 2023.
64. ^ a b c d "比亚迪成立弗迪公司 布局新能源车领域" [BYD establishes Fudi Company to expand into new energy vehicle field]. auto.people.com.cn. 16 March 2020. Archived from the original on 22 December 2023. Retrieved 22 December 2023.
65. ^ "2022 1H Global[1] EV & Battery Performance Review". SNE research. 18 July 2022. Archived from the original on 27 May 2023. Retrieved 1 October 2022.
66. ^ "Findreams Battery to see surging output". Ningxiang China. 10 November 2021. Retrieved 3 March 2024.
67. ^ "深圳弗迪电池公司更名为比亚迪储能" [Shenzhen FinDreams Battery Company changed its name to BYD Energy Storage]. 盖世汽车. 25 December 2023. Retrieved 3 March 2024.
68. ^ ICCI2012
69. ^ "SolarMyWorld". Archived from the original on 29 August 2012. Retrieved 19 September 2012.
70. ^ "Off-Grid Inverters | BYD Solar Home Energy System (HES) Tibet Project". Archived from the original on 26 January 2013. Retrieved 19 September 2012.
71. ^ Zhang, Phate (24 July 2023). "BYD's battery joint venture with FAW sees 1st battery pack roll off line". CnEVPost. Archived from the original on 22 December 2023. Retrieved 22 December 2023.
72. ^ Doll, Scooter (12 June 2023). "BYD establishes joint venture to begin mass producing its nascent sodium-ion EV batteries". Electrek. Archived from the original on 13 June 2023. Retrieved 5 September 2023.
73. ^ Shahan, Zachary (7 January 2024). "BYD Constructing Sodium-Ion Battery Gigafactory (30 GWh)". CleanTechnica. Archived from the original on 13 January 2024. Retrieved 13 January 2024.
74. ^ Samora, Sara (13 February 2024). "BorgWarner inks manufacturing deal with BYD subsidiary". Automotive Dive. Retrieved 3 March 2024.
75. ^ Kang, Lei (5 June 2024). "BYD's FinDreams unit to supply battery cells to Tesla's Shanghai Megafactory". CnEVPost. Retrieved 7 June 2024.
76. ^ "SkyRail Express, Metro to Explore Development of Sepulveda Pass Monorail". San Fernando Valley Business Journal. 1 July 2021. Archived from the original on 9 July 2021. Retrieved 3 July 2021.
77. ^ "云巴-轨道交通产品". Archived from the original on 15 June 2020. Retrieved 25 May 2020.
78. ^ 人民网 (10 April 2021). "无人驾驶"云巴"16日在璧山开通". Archived from the original on 13 April 2021. Retrieved 27 April 2021.
79. ^ Wang, Lu (2022), Jiang, Yushi; Shvets, Yuriy; Mallick, Hrushikesh (eds.), "Cost Management of New Energy Automobile Enterprises: —— Taking BYD as an Example", Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), vol. 225, Dordrecht: Atlantis Press International BV, pp. 1581–1585, doi:10.2991/978-94-6463-036-7_236, ISBN 978-94-6463-035-0
80. ^ a b c BYD Co Ltd Company Brochure Archived 15 February 2010 at the Wayback Machine BYD Auto Official Site
81. ^ "港媒：比亚迪纯电动巴士大连下线 电池项目已正式启动". 凤凰财经 (in Chinese). Archived from the original on 29 December 2014. Retrieved 29 December 2014.
82. ^ For Illinois location, see "Chinese Auto Maker BYD Locating its North American Headquarters Downtown on Figueroa". blogdowntown. 30 April 2010. Archived from the original on 4 May 2010. Retrieved 1 May 2010.
* For California location, see "Chinese auto, solar firm BYD chooses LA as its US headquarters". Contra Costa Times. 30 April 2010. Archived from the original on 3 May 2010. Retrieved 1 May 2010.
83. ^ "BYD Opens First Canadian Bus Assembly Plant". BYD North America. Archived from the original on 17 April 2021. Retrieved 24 January 2020.
84. ^ a b Newhauser, Daniel; Hamilton, Keegan (11 April 2020). "Trump Blacklisted This Chinese Company. Now It's Making Coronavirus Masks for U.S. Hospitals". Vice News. Archived from the original on 22 April 2020. Retrieved 30 April 2020.
85. ^ Myers, John (20 April 2020). "Newsom's secretive $1-billion mask deal with Chinese automaker sparks bipartisan concerns". Los Angeles Times. Archived from the original on 22 April 2020. Retrieved 30 April 2020.
86. ^ "Press Release: BYD Company Announces First Factory In Brazil". BYD USA. Archived from the original on 13 January 2021. Retrieved 11 January 2021.
87. ^ "BYD opens electric bus battery factory in Brazil". www.electrive.com. September 2020. Archived from the original on 26 January 2021. Retrieved 11 January 2021.
88. ^ "BYD Starts Operations at its Lithium Iron Phosphate Battery Factory in Brazil". 1 September 2020. Archived from the original on 25 October 2020.
89. ^ Editorial (15 May 2019). "BYD: Electric bus production in Hungary will grow". Sustainable Bus. Archived from the original on 14 January 2021. Retrieved 12 January 2021.
90. ^ "A Glimpse into BYD's Blade Battery Factory in Chongqing". FinanzNachrichten.de (in German). Archived from the original on 6 November 2020. Retrieved 11 January 2021.
91. ^ Krivevski, Blagojce (30 March 2020). "BYD Launches Blade Battery Pack Set to 'Redefine' EV Safety Standards". Archived from the original on 30 November 2020. Retrieved 11 January 2021.
92. ^ break all the rules: A special report on innovation in emerging markets; The charms of frugal innovation Archived 17 April 2021 at the Wayback Machine economist.com, 15 April 2010
93. ^ "The 50 Most Innovative Companies 2010". BusinessWeek. Archived from the original on 18 April 2010. Retrieved 17 April 2010.
94. ^ "The World's Most Innovative Companies 2010". Fast Company. Archived from the original on 19 April 2010. Retrieved 17 April 2010.
95. ^ "Zayed Future Energy Prize winners announced". gulfnews.com. 18 January 2016. Archived from the original on 8 September 2023. Retrieved 8 September 2023.
96. ^ "BYD STRIDES FORWARD WITH A HIGH VOLTAGE BATTERY STORAGE SYSTEM, PV Magazine 2017-12-08 Retrieved 2018-05-25". Archived from the original on 26 May 2018. Retrieved 25 May 2018.
97. ^ Gering, Tuvia (16 February 2022). "Antisemitism With Chinese Characteristics". Tablet. Archived from the original on 9 December 2022. Retrieved 22 May 2022.
98. ^ Pandaily (18 November 2021). "BYD Responds to Sudden Death of Employee: Firm is Actively Communicating with Family Members". Pandaily. Archived from the original on 20 February 2022. Retrieved 1 March 2022.
99. ^ "BYD files federal defamation lawsuit against VICE". Archived from the original on 21 May 2020. Retrieved 28 April 2020.
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101. ^ Hayashi, Yuka (2 December 2022). "Chinese Solar Manufacturers Dodged U.S. Tariffs, Probe Finds". The Wall Street Journal. Archived from the original on 3 December 2022. Retrieved 3 December 2022.
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104. ^ "US to Ban Pentagon Battery Purchases From China's CATL, BYD". Bloomberg News. 19 January 2024. Archived from the original on 19 January 2024. Retrieved 20 January 2024.
105. ^ a b "A look inside Foxconn - where iPhones are made: a postmodern Chinese industrial empire that was blighted by suicides". NBC News. 12 September 2010. Archived from the original on 15 June 2019. Retrieved 22 May 2019.
106. ^ a b c "Commercial espionage between Foxconn and BYD". ipr.chinadaily.com.cn. Archived from the original on 18 October 2016. Retrieved 22 May 2019.
107. ^ "Move to metal casings for smartphones to benefit BYD Electronic, Ju Teng". South China Morning Post. 15 April 2014. Archived from the original on 11 June 2017. Retrieved 22 May 2019.

## External links[edit]

Wikimedia Commons has media related to BYD Company.

* Official website

Authority control databases |

* ISNI

|

* v
* t
* e

BYD Auto

A subsidiary of BYD Company

People|

* Wang Chuanfu
* Lu Xiangyang

Marques|

* BYD
* Denza (90%)
* Yangwang
* Fangchengbao

Current models|

| Cars|

* Destroyer 05 / Chazor / King
* Dolphin
* e2
* e3
* e9
* Han
* Qin
* Qin Plus
* Qin L
* Seagull / Dolphin Mini
* Seal
* Seal 06
* Seal DM-i

|

Crossovers/SUVs|

* Atto 3 / Yuan Plus
* Frigate 07
* Sea Lion 07 / Sealion 7
* Song L
* Song Plus / Seal U / Sealion 6
* Song Pro
* Tang
* Yuan Up

Vans|

* D1
* e6
* M3/T3/ETP3
* M6
* Song Max
* V3

Pickup trucks|

* Shark

Denza|

* D9
* N7
* N8
* Z9

Yangwang|

* U7
* U8
* U9

Fangchengbao|

* Bao 5
* Bao 8

Buses and coaches|

* B10
* B12
* B12D
* B18
* C6
* C8
* C9
* K5
* K6
* K7
* K8
* K8S
* K9
* K10
* K11

Discontinued models|

* e1
* e5
* F0
* F3
* F3DM
* F3R
* F6
* F6DM
* Flyer
* G3
* G3R
* G5
* G6
* L3
* M6 (2010)
* S1
* S3
* S6
* S7
* S8/F8
* Sirui
* Surui

Other|

* Blade battery
* List of BYD Auto vehicles

* Category

* v
* t
* e

Automotive industry in China

* Automotive industry
* Economy of China
* Transport in China

Chinese
vehicle
manufacturers|

| Current|

* AITO
* Aiways
* Aoxin
* BAIC Group
* Arcfox
* BAW
* Changhe
* Foton
* Yinxiang Group
* Baoneng Motor
* BeiBen
* Brilliance Auto Group
* Brilliance
* Jinbei
* SWM
* BYD Company
* BYD
* Fangchengbao
* Songsan
* Yangwang
* Changan
* Avatr
* Deepal
* Tiger Truck
* CHTC Motor
* Bonluck Bus
* Chery
* Cowin
* Exeed
* iCar
* Jaecoo
* Jetour
* Karry
* Luxeed
* Omoda
* Soueast
* Ciwei
* CNJ
* Dayun Group
* Dayang
* Dayun
* Dial EV
* Dongfeng
* Dongfeng Motor Group
* Dongfeng Liuzhou
* Forthing/Dongfeng Fengxing Jingyi
* Dongfeng Fengshen
* Dongfeng Nammi
* Dongfeng Nengdi
* Dongfeng Xiaokang
* Voyah
* Evergrande New Energy Auto
* Hengchi
* FAW
* Bestune
* FAW Bus and Coach
* FAW Car
* FAW Jiefang
* Hongqi
* Fujian Motors
* King Long
* Golden Dragon
* Higer Bus
* GAC
* Aion
* Denway
* GAC Bus
* Hycan
* Trumpchi
* Geely
* CAMC
* Geometry
* Jidu
* Lifan
* Livan
* Lynk & Co
* Radar
* Tangjun Ou Ling
* Zeekr
* Great Wall
* Haval
* Ora
* Tank
* Wey
* GreenWheel EV
* Grove
* Haima
* Hawtai
* Heibao
* Henrey
* Hozon
* Human Horizons
* HiPhi
* JAC
* Ankai
* Jiangling Investment
* JMC
* JMC Heavy Duty Vehicle
* JMC Yusheng
* Jiangling Motor Holding
* Jintan Auto Group
* JMCG
* Jingma Motor
* Jonway
* Joylong
* Kandi
* Kawei
* Kingstar
* Leapmotor
* Lichi
* Li Auto
* Lishan Bus
* Mudan Auto
* Min'an Electric
* Nanjing Golden Dragon Bus
* Nio
* Niutron
* Qiantu
* Qingling
* Qingyuan Auto
* Rox Motor
* SAIC
* IM Motors
* Maxus
* MG
* Rising Auto
* Roewe
* Sunwin
* SG
* China Flxible
* Huanghai Bus
* Shacman
* Shandong Huoyun
* Sinogold
* Sinotruk
* Sinotruk (Hong Kong)
* Skyworth Auto
* Sokon
* DFSK Motor
* Seres
* Suda
* Sunlong Bus
* Techrules
* Tengzhong
* Thunder Power
* Wanshan
* Wanxiang
* Weichai
* Weltmeister
* WindBooster
* Wuzheng
* Wuzhoulong
* Xiaomi Auto
* Xinkai
* XPeng
* Foday
* Yaxing
* YTO Group
* Yudo
* Yutong
* Zedriv
* Zhongtong
* Zotye
* Jiangnan Automobile
* ZX Auto

|

Former|

* Baolong
* Bordrin
* Borgward Group
* Byton
* Chang Jiang EV
* Changfeng
* Changzhou Changjiang Bus
* Dadi
* Dorcen
* Emgrand
* Enovate
* Etsong
* EuAuto Technology
* FAW Jilin
* Tianjin FAW
* Gonow
* Hafei
* Hanteng
* Hunkt
* Huali
* Huaxiang Fuqi
* Huayang
* Huoyun
* JMCGL
* JTC
* Landwind
* Levdeo
* Yema
* Maple/Shanghai Maple
* Nanjing
* Oshan
* Polarsun
* Qoros
* Rayttle
* Riich
* Senova
* Shengyang Shenfei
* Shuanghuan
* Red Star
* Singulato
* SiTech
* Gyon
* Soar
* Wanfeng
* Weiwang
* Yangcheng Auto
* Yangtse
* Youngman
* Youxia Motors

Sino-foreign
joint venture
vehicle
manufacturers|

| Current|

* Beijing Benz
* Beijing Hyundai
* BMW Brilliance
* Zinoro
* Changan Ford
* Changan Mazda
* Chery Jaguar Land Rover
* Denza
* Dongfeng Honda
* Ciimo
* Dongfeng Nissan
* Infiniti
* Venucia
* Dongfeng Peugeot-Citroën
* Dongfeng Yueda Kia
* FAW-GM
* FAW Toyota
* FAW-Volkswagen
* Jetta
* Fujian Benz
* Fukang
* GAC Hino
* GAC Toyota
* GAC Honda
* Everus
* JAC Volkswagen
* Sehol
* Jiangxi Isuzu
* JMEV
* Mobilize
* Naveco
* Renault Brilliance Jinbei
* Huasong
* Jinbei
* SAIC-GM
* SAIC-GM-Wuling
* Baojun
* Wuling
* SAIC Iveco Hongyan
* SAIC Volkswagen
* SDLG
* Silk-FAW
* Spotlight Automotive

|

Former|

* Dongvo
* Changan Ford Mazda
* Changan PSA
* Changan Suzuki
* Changzhou Iveco
* Dongfeng Fengdu
* Dongfeng Renault
* Dongfeng Yulon
* Europestar
* GAC Fiat Chrysler
* GAC Mitsubishi
* Guangzhou Peugeot
* Leahead
* Nanjing Fiat
* Ranz
* Sanjiang Renault
* Shenfei Hino

Subsidiaries of
foreign
companies|

* Honda Automotive
* Volkswagen Group China
* Tesla China (Giga Shanghai)

Other|

* Plug-in electric vehicles in China
* Auto China
* Auto Guangzhou
* Auto Shanghai
* Automechanika
* China Association of Automobile Manufacturers
* TJ Innova
* Wanxiang
* Weichai Power
* Zhongsheng

N.B. Only companies and organisations from Mainland China and Hong Kong are included

* Category

* v
* t
* e

Constituents of the SZSE 100 Index

* Aier Eye Hospital
* AVIC Aircraft
* Bank of Ningbo
* BOE Technology
* BYD Company
* CATL
* Changan Automobile
* China Merchants Shekou Industrial Zone Holdings
* Dahua Technology
* East Money
* Focus Media
* Ganfeng Lithium
* GF Securities
* Goertek
* Gree Electric
* Guosen Securities
* Hikvision
* Huadong Medicine
* iFlytek
* Inovance
* JA Solar Holdings
* Lens Technology
* Longyuan Power
* Luxshare
* Luzhou Laojiao
* Maxscend Microelectronics
* Midea Group
* Mindray
* Muyuan Foodstuff
* NAURA Technology Group
* Oriental Yuhong
* Ping An Bank
* Qinghai Salt Lake Potash
* Sanhua
* SF Express
* Shenwan Hongyuan
* Sungrow Power Supply
* TCL Technology
* Tianqi Lithium
* Tinci Materials
* Vanke
* Weichai Power
* Wens Foodstuff Group
* Wuliangye
* XCMG
* Xishan Coal and Electricity Power
* Yunnan Baiyao Group
* Zhongji Innolight
* Zoomlion
* ZTE

* v
* t
* e

Constituents of the FTSE China A50 Index

* Agricultural Bank of China
* Bank of China
* Bank of Communications
* Beijing–Shanghai High-Speed Railway
* BYD
* CGN Power
* China CITIC Bank
* China Construction Bank
* China Everbright Bank
* China Merchants Bank
* China Pacific Insurance
* China Petroleum & Chemical
* China Securities
* China Shenhua Energy
* China State Construction Engineering
* China Tourism Group
* China Yangtze Power
* CITIC Securities
* Contemporary Amperex Technology
* East Money Information
* Foshan Haitian Flavouring and Food
* Foxconn Industrial Internet
* Great Wall Motor
* Gree Electric Appliances Inc of Zhuhai
* Haier
* Hygon Information Technology
* Industrial and Commercial Bank of China
* Industrial Bank
* Inner Mongolia Yili Industrial
* Jiangsu Hengrui Medicine
* Kweichow Moutai
* LONGi Green Energy Technology
* Luxshare
* Luzhou Laojiao
* Midea Group
* Mindray
* Muyuan Foodstuff
* NARI Technology
* People's Insurance Company of China
* PetroChina
* Ping An Bank
* Ping An Insurance
* Postal Savings Bank of China
* S.F. Holding
* Shaanxi Coal and Chemical Industry
* Shanghai Pudong Development Bank
* Shanxi Xinghuacun Fen Wine Factory
* Wanhua Chemical Group
* Wuliangye Yibin
* Yihai Kerry Arawana Holdings
* Zijin Mining

* v
* t
* e

Constituents of Hang Seng Index

Finance|

* HSBC
* Hang Seng Bank
* Hong Kong Exchanges and Clearing
* China Construction Bank
* AIA Group
* Industrial and Commercial Bank of China
* Ping An Insurance
* Bank of China (Hong Kong)
* China Life Insurance Company
* China Merchants Bank
* Bank of China

Utilities|

* CLP Group
* The Hong Kong and China Gas Company
* Power Assets Holdings
* China Resources Power
* CK Infrastructure Holdings
* ENN Energy

Properties|

* Henderson Land Development
* Sun Hung Kai Properties
* New World Development
* Hang Lung Properties
* China Overseas Land and Investment
* Link REIT
* Longfor Properties
* China Resources Land
* CK Asset Holdings
* China Resources Mixc Lifestyle
* Wharf Real Estate Investment Company
* Country Garden

Commerce
and
Industry|

* CK Hutchison Holdings
* Galaxy Entertainment Group
* MTR Corporation
* Geely Auto
* Alibaba Health
* CITIC Limited
* WH Group
* China Resources Beer
* Orient Overseas (International) Limited
* Tingyi
* Sinopec
* Techtronic Industries
* Tencent
* China Unicom
* PetroChina
* Xinyi Glass
* Zhongsheng Group
* CNOOC Limited
* China Mobile
* Xinyi Solar
* Semiconductor Manufacturing International Corporation
* Lenovo
* Hengan International
* China Shenhua Energy
* CSPC Pharmaceutical Group
* Sinopharm Group
* Sino Biopharmaceutical Limited
* BYD Company
* China Hongqiao Group
* Xiaomi
* Budweiser Brewing Company APAC
* Sands China
* Chow Tai Fook
* Li Auto
* Anta Sports
* WuXi Biologics
* Shenzhou International
* Mengniu Dairy
* Li-Ning
* WuXi AppTec
* Sunny Optical
* Zijin Mining
* Meituan
* Hansoh Pharmaceutical
* JD Health
* Haier
* Haidilao
* JD.com
* Nongfu Spring
* Baidu
* Trip.com Group
* Alibaba Group
* NetEase

* v
* t
* e

Constituents of Hang Seng China 50 Index

* Agricultural Bank of China
* Alibaba Group
* Baidu
* Bank of China
* Bank of Communications
* BYD Company
* CATL
* China Construction Bank
* China Life Insurance Company
* China Merchants Bank
* China Mobile
* China Pacific Insurance Company
* China Shenhua Energy
* CITS Group Corporation
* China Yangtze Power
* CITIC Securities
* CNOOC Limited
* Foshan Haitian Flavouring & Food Co
* Great Wall Motor
* Gree Electric
* Hikvision
* ICBC
* Industrial Bank
* JD.com
* Jiangsu Hengrui Medicine
* Kuaishou
* Kweichow Moutai
* LONGi
* Luxshare
* Meituan
* Midea Group
* Mindray
* Muyuan Foodstuff
* NetEase
* Nongfu Spring
* PetroChina
* Ping An Bank
* Ping An Insurance
* Postal Savings Bank of China
* SF Express
* Shanghai Pudong Development Bank
* Shanxi Xinghuacun Fen Wine Factory
* Sinopec
* Tencent
* Vanke
* Wanhua Chemical Group
* Wuliangye Yibin
* WuXi AppTec
* Xiaomi
* Yihai Kerry Arawana Holdings

* v
* t
* e

Hang Seng China Enterprises Index companies of Hong Kong

* Agricultural Bank of China
* Alibaba Group
* Alibaba Health
* Anta Sports
* Baidu
* Bank of China
* Bank of Communications
* Bilibili
* BYD Company
* CG Services
* China Construction Bank
* China Feihe
* China Gas
* China Life Insurance Company
* China Merchants Bank
* China Mobile
* China Overseas Land and Investment
* China Pacific Insurance Company
* China Resources Beer
* China Resources Land
* CITIC Limited
* CNOOC Limited
* Country Garden
* ENN Energy
* Geely Auto
* Haidilao
* ICBC
* Innovent Bio
* JD Health
* JD Logistics
* JD.com
* Kuaishou
* Lenovo
* Li-Ning
* Longfor Properties
* Meituan
* Mengniu Dairy
* NetEase
* Nongfu Spring
* Ping An Insurance
* Postal Savings Bank of China
* Shenzhou International
* Shijiazhuang Pharma Group
* Sino Biopharmaceutical Limited
* Sinopec
* SMIC
* Sunny Optical
* Tencent
* Xiaomi
* Xinyi Solar

*[c.]: circa
*[lit.]: Literal translation
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template