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BYD Company
Chinese manufacturing company / From Wikipedia, the free encyclopedia
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.
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![]() The entrance of BYD headquarters in Pingshan, Shenzhen, China | |
Formerly | Shenzhen BYD Battery Company Limited (1995–2002) |
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Company type | Public |
SEHK: 1211 SZSE: 002594 | |
Industry | Conglomerate |
Founded | 10 February 1995; 29 years ago (1995-02-10) |
Founder | Wang Chuanfu |
Headquarters | , China |
Area served | Worldwide |
Key people | Wang Chuanfu (chairman, CEO) |
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Website | bydglobal.com |
Footnotes / references [1][2][3][4][5][6][7][8][9][10][11][12] |
BYD Company | |||||||||||
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Simplified Chinese | 比亚迪股份有限公司 | ||||||||||
Traditional Chinese | 比亞迪股份有限公司 | ||||||||||
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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[update], 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]