BYD Company Limited (比亚迪) is a Chinese multinational conglomerate founded in February 1995 by Wang Chuanfu, initially focusing on battery manufacturing. Over the years, BYD has diversified into various sectors, including automotive, electronics, renewable energy, and rail transit.
Automotive Sector: BYD Auto, a subsidiary established in 2003, has become one of the world’s largest manufacturers of plug-in electric vehicles (EVs). In the fourth quarter of 2023, BYD surpassed Tesla in global battery electric vehicle sales. The company offers a wide range of EVs, including sedans, SUVs, and MPVs, and has maintained its position as the top-selling car brand in China since 2023.
Battery Technology: BYD’s battery subsidiary, FinDreams Battery, ranks as the world’s second-largest producer of EV batteries, following CATL. The company specializes in lithium iron phosphate (LFP) batteries, notably the proprietary Blade battery, which is recognized for its safety and efficiency.
Electronics Manufacturing: Beyond automotive and energy sectors, BYD has ventured into electronics manufacturing, assembling over 30% of Apple’s iPads. This expansion leverages BYD’s precision manufacturing capabilities and aligns with its core competencies.
Global Presence: BYD operates manufacturing facilities in countries including the United States, Brazil, Japan, India, and Hungary. The company continues to expand its global footprint, aiming to promote sustainable energy solutions worldwide.
For more information about BYD’s products and services, you can visit their official website.