BYD Company

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| caption1 = An original BYD sign, initially named BYD Battery Co., Ltd.

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"BYD" is the pinyin initials of the company's Chinese name Biyadi. The company was originally known as Yadi Electronics (亚迪电子), named after the Yadi Road in Dapeng New District, where the company was once based.{{Cite web |date=2022-10-12 |title=你们知道比亚迪名字的由来吗？ |trans-title=Do you know the origin of the name BYD? |url=https://zhuanlan.zhihu.com/p/572831525 |access-date=2024-06-25 |website=Zhihu |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729014020/https://zhuanlan.zhihu.com/p/572831525 |url-status=live }} According to Wang Chuanfu, when the company was registered, the character "Bi" (比) was added to the name to prevent duplication, and to provide the company with an alphabetical advantage in trade shows.{{Cite web |date=2022-04-12 |title=比亚迪的名字怎么来的？王传福：当初随便取得，只是为了好注册_企业_汽车_发展 |trans-title=How did BYD get its name? Wang Chuanfu: I just picked it randomly at first, just to make it easier to register. |url=https://www.sohu.com/a/537217473_100106487 |access-date=2024-06-24 |website=www.sohu.com |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729014021/https://www.sohu.com/a/537217473_100106487 |url-status=live }} As the name "BYD" had no particular meaning, BYD started adopting a backronymic slogan "Build Your Dreams" when it participated at the 2008 North American International Auto Show in the US.{{Cite web |last=邢 |first=文军 |date=2008-02-22 |title=专访王传福 比亚迪：成就你的梦想-搜狐汽车 |trans-title=Exclusive interview with Wang Chuanfu on BYD: Achieve your dream |url=https://auto.sohu.com/20080222/n255298249.shtml |access-date=2024-06-15 |website=Sohu}}银柿财经 (Silver Persimmon Finance), "[https://www.163.com/dy/article/H3V14V690550WHYR.html 王传福：比亚迪“Build Your Dream”是这样来的] {{Webarchive|url=https://web.archive.org/web/20230714080851/https://www.163.com/dy/article/H3V14V690550WHYR.html|date=14 July 2023}}" (Wang Chuanfu: origins of BYD's "Build Your Dream"), 2 April 2022[https://www.nytimes.com/2009/01/13/business/worldbusiness/13chinacar.html?_r=1&ref=business A Small Showing, but With Big Dreams] {{Webarchive|url=https://web.archive.org/web/20170929232955/http://www.nytimes.com/2009/01/13/business/worldbusiness/13chinacar.html?_r=1&ref=business|date=29 September 2017}} NICK BUNKLEY

Published: 12 January 2009

On 18 November 1994, Wang Chuanfu gathered a team of 20 people and founded BYD in Buji Town, Longgang District, Shenzhen.{{Cite web |date=2024-11-18 |title=从1994—2024年，比亚迪经历了哪些心路历程？ |trans-title=What kind of mental journey has BYD gone through from 1994 to 2024? |url=https://m.qctt.cn/news/1737125 |access-date=2024-11-19 |website=m.qctt.cn}} The company was formally founded on 10 February 1995 as Shenzhen BYD Battery Company Limited with CN¥ 2.5 million of capital, with a focus on producing rechargeable nickel–cadmium (NiCd) batteries.{{Cite web |title=BYD Company Limited (BYDDF) Stock Price, News, Quote & History - Yahoo Finance |url=https://finance.yahoo.com/quote/BYDDF/ |url-status=live |archive-url=https://web.archive.org/web/20231214045643/https://finance.yahoo.com/quote/BYDDF/ |archive-date=14 December 2023 |access-date=14 December 2023 |website=finance.yahoo.com |language=en-US}}{{Cite web |last=Cheng |first=Evelyn |last2=Kharpal |first2=Arjun |date=2024-01-04 |title=Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla's EV crown — here's how |url=https://www.cnbc.com/2024/01/05/how-byd-grew-from-a-phone-battery-maker-to-ev-giant-taking-on-tesla.html |access-date=2025-04-02 |website=CNBC |language=en}} Wang, at 29 years old, founded the company after noticing an opportunity presented by the shift in Japanese companies from NiCd to high-value nickel–metal hydride (NiMH) and lithium-ion (Li-ion) batteries while he was working as a vice supervisor at the Beijing Nonferrous Research Institute. He moved to Shenzhen with his cousin Lu Xiangyang and started the company in 1995 to capitalize on the opportunity.{{Cite web |last=Flannery |first=Russell |title=Plugged In: BYD's Wang Chuanfu Explains How China's No. 1 EV Maker Caught Up With Tesla |url=https://www.forbes.com/sites/russellflannery/2022/11/09/plugged-in-byds-wang-chuanfu-explains-how-chinas-no-1-ev-maker-caught-up-with-tesla/ |access-date=5 December 2023 |website=Forbes |language=en |archive-date=3 February 2023 |archive-url=https://web.archive.org/web/20230203165900/https://www.forbes.com/sites/russellflannery/2022/11/09/plugged-in-byds-wang-chuanfu-explains-how-chinas-no-1-ev-maker-caught-up-with-tesla/ |url-status=live }}

File:BYD Battery early product portfolio 01.png

BYD's business grew 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 reduction in unit costs compared to Japanese competitors by around five or six times lower.{{Cite journal |last1=Wang |first1=Hua |last2=Kimble |first2=Chris |date=2010 |title=Betting on Chinese electric cars? – analysing BYD's capacity for innovation |url=http://www.inderscience.com/link.php?id=31457 |journal=International Journal of Automotive Technology and Management |language=en |volume=10 |issue=1 |pages=77 |doi=10.1504/IJATM.2010.031457 |issn=1470-9511 |access-date=15 November 2023 |archive-date=21 January 2024 |archive-url=https://web.archive.org/web/20240121031012/https://www.inderscienceonline.com/doi/abs/10.1504/IJATM.2010.031457 |url-status=live |url-access=subscription }} The company also developed advancements in battery technology, including foamed nickel roller welding, which improved electrode performance.

BYD's cost-efficient production methods attracted major clients. In 1996, BYD secured an order from Sanyo, marking its entry into the global battery supply chain. By 1997, amid the Asian financial crisis, Philips, Panasonic, and Motorola became BYD's major clients.{{Cite web |date=2015-05-29 |title=中国品牌之比亚迪20年坎坷发展史 |trans-title=BYD: A Chinese brand with a bumpy 20-year history |url=https://www.sohu.com/a/16844567_117833 |access-date=2025-04-01 |website=www.sohu.com |language=en}}

In 1998, BYD's first branch outside China, BYD Europe B.V., was opened in the Netherlands. It also established a branch in the United States called BYD America Corporation in 1999.{{Cite web |date=2015-03-06 |title=BYD aims to strengthen presence in Europe through contracts with transport authorities |url=https://www.spglobal.com/marketintelligence/en/mi/country-industry-forecasting.html?id=1065998857 |access-date=2025-04-02 |website=S&P Global}} BYD opens its first industrial park in Kuichong, Shenzhen in 2000.{{Cite web |last=Curatti |first=Lorenzo |last2=Potter |first2=Brian |date=2024-05-14 |title=BYD, how to become the leading manufacturer of electric cars in China |url=https://www.motor1.com/news/719579/byd-chinese-automaker-history-milestones/ |access-date=2025-04-02 |website=Motor1.com |language=en}}

BYD started producing mobile phone components in the early 2000s.{{cite web |date=2007 |title=BYD Electronic (International) Company Limited Annual Report 2007 |url=http://www.byd-electronic.com/abu/files/20080424/20080424043806_2187.PDF |url-status=dead |archive-url=https://web.archive.org/web/20110708110355/http://www.byd-electronic.com/abu/files/20080424/20080424043806_2187.PDF |archive-date=8 July 2011 |access-date=12 October 2010 |quote="BYD Electronic"... was spun off from BYD Company Limited and listed on the Main Board of the Stock Exchange Hong Kong Limited on 20 December 2007. It is a world-leading vertically integrated provider of handset components and modules manufacturing as well as assembly services. The Company provides services to brand name vendors of handsets as original equipment manufacturers...}} By July 2002, BYD became the world's leading NiCd battery manufacturer, surpassing Sanyo, accounting for 65% of global production.

In September 2002, Sanyo filed a patent infringement lawsuit against BYD, alleging that BYD infringed on its patents related to the constitution of the bare cell of Li-ion batteries and the structure of Li-ion battery packs.{{Cite web |last=Chin |first=Spencer |date=2002-09-24 |title=Sanyo claims Chinese rival infringed patents |url=https://www.eetimes.com/sanyo-claims-chinese-rival-infringed-patents/ |access-date=2025-04-02 |website=EE Times}}{{Cite web |last= |first= |date=2002-09-26 |title=Sanyo unit sues BYD over patent |url=https://www.japantimes.co.jp/news/2002/09/26/business/sanyo-unit-sues-byd-over-patent/ |access-date=2025-04-01 |website=The Japan Times |language=en}}

In 2007, Taiwanese electronics manufacturer Foxconn sued BYD for unfair competition and misappropriating confidential data. Lawsuits were filed in Hong Kong and Shenzhen, alleging BYD obtained trade secrets from former Foxconn employees. Previously, BYD had faced unsuccessful patent infringement claims from Sony and Sanyo.{{Cite web |date=2010-08-25 |title=BYD's claims against Foxconn to go to trial |url=https://www.scmp.com/article/723072/byds-claims-against-foxconn-go-trial |access-date=2025-04-01 |website=South China Morning Post |language=en}}

In December 2007, the BYD Electronics division is listed on the Hong Kong Stock Exchange after multiple delays due to legal disputes with Foxconn.

{{Main|BYD Auto#History}}

On 31 July 2002, the company underwent an initial public offering (IPO) on the Hong Kong Stock Exchange. The company announced its target to become the world's second-largest battery firm.{{Cite book |last=Thraen |first=Joachim Jan |url=https://books.google.com/books?id=bD2sDAAAQBAJ&q=tsinchuan++byd+company&pg=PA115 |title=Mastering Innovation in China: Insights from History on China's Journey towards Innovation |date=2016-07-13 |publisher=Springer |isbn=978-3-658-14556-9 |language=en |access-date=23 June 2024 |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729014040/https://books.google.com/books?id=bD2sDAAAQBAJ&q=tsinchuan++byd+company&pg=PA115 |url-status=live }} Shortly after the IPO, BYD acquired a small automotive manufacturing company, Xi'an Qinchuan Automobile, from state-owned defense company Norinco in January 2003, which was met with disapproval from shareholders, as the plan was not disclosed in the prospectus.{{Cite web |last=Breevoort |first=Leo |date=2021-08-01 |title=The Big Read: History of BYD |url=https://carnewschina.com/2021/08/01/the-big-read-history-of-byd/ |access-date=2023-11-14 |website=CarNewsChina.com |language=en-US |archive-date=26 October 2022 |archive-url=https://web.archive.org/web/20221026205629/https://carnewschina.com/2021/08/01/the-big-read-history-of-byd/ |url-status=live }} Qinchuan was acquired with the intention of developing battery-powered electric vehicles.{{Cite web |last1=White |first1=Edward |last2=Campbell |first2=Peter |date=2022-07-09 |title=The 'nutty' professor behind rise of China's electric vehicle giant |url=https://www.ft.com/content/367af909-5cdb-4780-a577-b84f815bcddd |access-date=2023-12-22 |website=Financial Times |publisher=The Financial Times Limited |archive-date=11 June 2024 |archive-url=https://web.archive.org/web/20240611080719/https://www.ft.com/content/367af909-5cdb-4780-a577-b84f815bcddd |url-status=live }}{{Cite web |date=2008-12-11 |title=比亚迪F3DM将上市 王传福称比亚迪是象征-搜狐汽车 |trans-title=BYD F3DM will be listed on the market Wang Chuanfu said BYD is a symbol |url=https://auto.sohu.com/20081211/n261157111.shtml |access-date=2024-04-24 |website=Auto Sohu |archive-date=24 April 2024 |archive-url=https://web.archive.org/web/20240424064330/https://auto.sohu.com/20081211/n261157111.shtml |url-status=live }} BYD's first cars were conventional petrol vehicles such as the BYD F3, with production starting in April 2005. The model gained market share by offering a low price and was considered successful.{{Cite web |last=Mehta |first=Adesh |date=2021-04-25 |title=BYD: How the Former EV Pioneer Will Win the New Battle |url=https://medium.com/batterybits/byd-how-the-former-ev-pioneer-will-win-the-new-battle-92f989067ef5 |access-date=2023-11-11 |website=BatteryBits (Volta Foundation) |language=en}}

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.{{cite web |author=Scott Doggett |date=23 March 2010 |title=BYD Auto to Offer F3DM Plug-in Hybrid to Chinese Individuals Starting Next Week |url=http://blogs.edmunds.com/greencaradvisor/2010/03/byd-auto-to-offer-f3dm-plug-in-hybrid-to-chinese-individuals-starting-next-week.html |url-status=dead |archive-url=https://web.archive.org/web/20100330091520/http://blogs.edmunds.com/greencaradvisor/2010/03/byd-auto-to-offer-f3dm-plug-in-hybrid-to-chinese-individuals-starting-next-week.html |archive-date=30 March 2010 |publisher=AutoObserver}}{{Cite book |last=Anderson |first=G. E. |url=https://books.google.com/books?id=OnlQzQV5qdEC&q=byd+f3&pg=PA153 |title=Designated Drivers: How China Plans to Dominate the Global Auto Industry |date=19 June 2012 |publisher=John Wiley & Sons |isbn=978-1-118-32885-9 |language=en |access-date=5 December 2023 |archive-url=https://web.archive.org/web/20240121030940/https://books.google.com/books?id=OnlQzQV5qdEC&q=byd+f3&pg=PA153#v=snippet&q=byd%20f3&f=false |archive-date=21 January 2024 |url-status=live}}

For eleven years, from 2009 to 2020, BYD's automobile business stagnated, with annual sales hovering between 400,000 and 500,000 vehicles, while other local manufacturers experienced growth.{{Cite web |date=2023-09-08 |title=回顾创业艰辛几度哽咽，比亚迪王传福："真的差点就走不下去了" |trans-title=Looking back on the hardships of starting a business, he choked up several times. BYD Wang Chuanfu said: "I almost couldn't go on." |url=https://m.yicai.com/news/101831534.html |access-date=2023-12-13 |website=m.yicai.com}} From 2020, BYD's sales have grown significantly, driven in part by the rapid increase in new energy vehicle sales in China.{{Cite web |last=O |first=Meemi |date=2023-04-27 |title=Introducing China's Auto Industry (Part 1) |url=https://www.investorinsights.asia/post/introducing-china-s-auto-industry-part-1 |access-date=2023-12-11 |website=Investor Insights |language=en}} Since 2021, it started exporting passenger cars to key markets such as Europe, Latin America, Southeast Asia and Australia.{{Cite web |last1=Okura |first1=Yumi |last2=Matsuura |first2=Tatsuo |date=2023-12-18 |title=BYD targets Japan as gateway for global EV exports |url=https://asia.nikkei.com/Spotlight/Electric-cars-in-China/BYD-targets-Japan-as-gateway-for-global-EV-exports |access-date=2024-01-01 |website=Nikkei Asia |language=en-GB}}{{Cite web |last1=Attwood |first1=James |date=2022-08-24 |title=Chinese car giant BYD to launch in the UK this year |url=https://www.moveelectric.com/e-cars/chinese-car-giant-byd-launch-uk-year |access-date=2023-11-22 |website=Move Electric}}{{Cite web |last1=Page |first1=Felix |date=2020-05-04 |title=BYD begins expansion in Europe, with Norway first |url=https://www.autocar.co.uk/car-news/new-cars/chinese-firm-byd-begin-european-expansion-norway |access-date=2024-02-04 |website=Autocar UK}}

In September 2008, MidAmerican Energy Holdings, a subsidiary of Warren Buffett's Berkshire Hathaway Inc, invested about US$230 million for a 9.89%[http://www.bydit.com/doce/news/2009521163845.shtml Car Designer Sees China’s Wheels Electric-powered]{{Dead link|date=June 2019|bot=InternetArchiveBot|fix-attempted=yes}} BYD Press Release, 12 May 2009 share of BYD at HK$8/share.{{cite news |last1=Chiu |first1=Joanne |last2=Leung |first2=Alison |date=29 September 2008 |title=Buffett's BYD endorsement sends shares soaring |url=https://www.reuters.com/article/innovationNews/idUSTRE48S19B20080929 |url-status=live |archive-url=https://web.archive.org/web/20090207143839/http://www.reuters.com/article/innovationNews/idUSTRE48S19B20080929 |archive-date=7 February 2009 |access-date=3 May 2009 |work=Reuters}} Buffett credited this investment to Charlie Munger, Berkshire's vice chairman who saw the potential in the company.{{Cite news |date=2024-06-17 |title=Berkshire Hathaway sells $39.8 mln of shares in China's BYD |url=https://economictimes.indiatimes.com/markets/stocks/news/berkshire-hathaway-sells-39-8-mln-of-shares-in-chinas-byd/articleshow/111061861.cms?from=mdr |access-date=2024-06-23 |work=The Economic Times |issn=0013-0389 |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729014021/https://economictimes.indiatimes.com/markets/stocks/news/berkshire-hathaway-sells-39-8-mln-of-shares-in-chinas-byd/articleshow/111061861.cms?from=mdr |url-status=live }} Since 2022, Berkshire had gradually reduced its shareholding in BYD after its share price increased significantly. {{As of|June 2024}}, Berkshire held a 6.9% stake in BYD.{{Cite web |last=Li |first=Yun |date=2024-06-17 |title=Warren Buffett's Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9% |url=https://www.cnbc.com/2024/06/17/warren-buffetts-berkshire-hathaway-trims-its-stake-in-chinese-ev-maker-byd-to-6point9percent.html |access-date=2024-06-23 |website=CNBC |language=en |archive-date=23 June 2024 |archive-url=https://web.archive.org/web/20240623043316/https://www.cnbc.com/2024/06/17/warren-buffetts-berkshire-hathaway-trims-its-stake-in-chinese-ev-maker-byd-to-6point9percent.html |url-status=live }}

In 2009, BYD purchased a Chinese solar panel manufacturer to enter the solar panel industry. It began building a 100-megawatt solar power plant in Shangluo, Shaanxi, at a cost of CN¥ 500 million.{{Cite web |last=He |first=Shan |date=2010-01-22 |title=BYD to build solar power dream |url=http://www.china.org.cn/business/2010-01/22/content_19291131.htm |access-date=2025-04-02 |website=China.org.cn}}

By 2009, the company secured its position as the second-largest producer of NiMH batteries and the third-largest in Li-ion batteries. In 2012, 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.{{Cite book |last=Fishman |first=Ted |url=https://books.google.com/books?id=aKfmQdqvk0wC |title=China, Inc.: How the Rise of the Next Superpower Challenges America and the World |date=28 February 2005 |publisher=Simon and Schuster |isbn=978-0-7432-8440-0 |pages=215 |language=en |access-date=29 October 2016 |archive-url=https://web.archive.org/web/20240121031017/https://books.google.com/books?id=aKfmQdqvk0wC |archive-date=21 January 2024 |url-status=live}}

In June 2011, BYD was listed on the Shenzhen Stock Exchange at CN¥ 18 a share. It raised CN¥ 1.42 billion yuan (US$ 219 million) in the initial public offering, which was below expectations, amid weak investor sentiment and concerns over its performance.{{Cite web |date=2011-06-19 |title=Buffett-backed carmaker BYD raises $219 million in China IPO |url=https://www.reuters.com/article/business/buffett-backed-carmaker-byd-raises-219-million-in-china-ipo-idUSTRE75I13H/ |access-date=2024-04-02 |website=Reuters}}

In 2016, BYD unveiled a working monorail prototype marketed as "Skyrail" ({{lang-zh|s=云轨|l=cloud rail}}){{cite web |date=25 May 2020 |title=云轨-轨道交通产品 |url=http://www.byd.com/cn/ProductAndSolutions/Rail.html |url-status=live |archive-url=https://web.archive.org/web/20200615102350/http://www.byd.com/cn/ProductAndSolutions/Rail.html |archive-date=15 June 2020 |access-date=25 May 2020}}{{Cite web |title=SKYRAIL |url=https://en.byd.com/skyrail/ |url-status=live |archive-url=https://web.archive.org/web/20190502004520/https://en.byd.com/skyrail/ |archive-date=2 May 2019 |access-date=2 May 2019 |website=BYD USA |language=en-US}}{{Cite web |title=BYD SkyRail |url=https://sg.byd.com/wp-content/uploads/2017/11/SkyRail%20Brochure.pdf |accessdate=6 September 2023 |archive-date=25 April 2023 |archive-url=https://web.archive.org/web/20230425080253/https://sg.byd.com/wp-content/uploads/2017/11/SkyRail%20Brochure.pdf |url-status=live }} and announced they will enter the global rail transit market.{{Cite web |date=14 October 2016 |title=BYD Unveils SkyRail Test Track In Shenzhen, China |url=https://cleantechnica.com/2016/10/14/byd-unveils-skyrail-test-track-shenzhen-china/ |url-status=live |archive-url=https://web.archive.org/web/20190502004520/https://cleantechnica.com/2016/10/14/byd-unveils-skyrail-test-track-shenzhen-china/ |archive-date=2 May 2019 |access-date=2 May 2019 |website=CleanTechnica |language=en-US}} The first public Skyrail line opened as a {{convert|9.7|km|abbr=on}} long loop line in Yinchuan's flower expo in 2018.{{Cite web |title=New unmanned SkyRail service unveiled in NW China |url=http://chinaplus.cri.cn/news/china/9/20180110/76330.html |url-status=live |archive-url=https://web.archive.org/web/20190504212123/http://chinaplus.cri.cn/news/china/9/20180110/76330.html |archive-date=4 May 2019 |access-date=4 May 2019 |website=chinaplus.cri.cn}}{{Cite web |last=网易 |date=27 January 2021 |title=云轨跑起来了？桂林云轨1号线票价预测 |url=https://www.163.com/dy/article/G1AVKC6V05388DBU.html |access-date=29 March 2021 |website=www.163.com |archive-date=5 May 2021 |archive-url=https://web.archive.org/web/20210505140202/https://www.163.com/dy/article/G1AVKC6V05388DBU.html |url-status=dead }}

Between 2017 and 2019, due to several factors such as the slowdown of BYD Auto's sales, 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.{{Cite web |date=8 September 2023 |title=回顾创业艰辛几度哽咽，比亚迪王传福："真的差点就走不下去了" |trans-title=Looking back on the hardships of starting a business, he choked up several times. BYD Wang Chuanfu said: "I almost couldn't go on." |url=https://m.yicai.com/news/101831534.html |access-date=13 December 2023 |website=m.yicai.com |archive-date=13 December 2023 |archive-url=https://web.archive.org/web/20231213011130/https://m.yicai.com/news/101831534.html |url-status=live }} However, Wang insisted on investing CN¥ 8.4 billion in research and development.{{Cite web |date=16 August 2023 |title=从王传福的眼泪读懂比亚迪 |trans-title=Understanding BYD from Wang Chuanfu’s tears |url=https://www.sohu.com/a/www.sohu.com/a/712,295,712_190004 |access-date=13 December 2023 |website=www.sohu.com |archive-date=21 January 2024 |archive-url=https://web.archive.org/web/20240121030931/https://www.sohu.com/ |url-status=live }} In 2020, BYD received the equivalent of €2.1 billion in Chinese state subsidies.{{Cite news |last=Nicola |first=Stefan |date=2024-04-10 |title=BYD Got €3.4 Billion Chinese Aid to Dominate EVs, Study Says |url=https://www.bloomberg.com/news/articles/2024-04-10/byd-got-3-4-billion-chinese-aid-to-dominate-evs-study-says |access-date=2024-04-10 |work=Bloomberg News |language=en |archive-date=10 April 2024 |archive-url=https://web.archive.org/web/20240410135633/https://www.bloomberg.com/news/articles/2024-04-10/byd-got-3-4-billion-chinese-aid-to-dominate-evs-study-says |url-status=live }}

In 2020, BYD established four automotive component manufacturers spun-off from BYD divisions branded FinDreams, with the intention of supplying parts to other automotive companies.{{Cite web |last=Kane |first=Mark |date=2020-03-31 |title=BYD To Become An EV Parts Supplier Under FinDreams Brand |url=https://insideevs.com/news/406884/byd-ev-parts-supplier-findreams-brand/ |access-date=2023-12-22 |website=InsideEVs |language=en |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222091232/https://insideevs.com/news/406884/byd-ev-parts-supplier-findreams-brand/ |url-status=live }} In that year, it also introduced the Blade battery, a lithium iron phosphate (LFP) battery for electric vehicles. While many battery manufacturers were shifting away from LFP due to concerns over energy density, BYD promoted the Blade as a safer alternative with competitive energy performance and energy density. The battery was first used in the BYD Han, a battery electric sedan released in 2020, and later adopted in subsequent models.

From 2020, BYD experienced a substantial surge in vehicle production and sales volume, partly attributed to the increasing popularity of new energy vehicles in China.{{Cite web |date=2023-05-09 |title=【图】问道掌门人{{!}}"禁燃"后 比亚迪开挂狂奔_汽车之家 |trans-title=Ask the boss {{!}} BYD cheated and ran wild after the "burning ban" |url=https://www.autohome.com.cn/news/202305/1284313.html |access-date=2023-12-11 |website=Autohome}} It also initiated exports of electric vehicles to overseas markets since 2021, mainly to Europe, Southeast Asia, Oceania and Latin America. In March 2022, BYD ended the production of pure internal combustion engine vehicles to focus on plug-in electric vehicles.{{cite web |date=4 April 2022 |title=BYD Discontinues Gas-only Auto Line to focus on PHEV and Pure Electric Tech |url=https://en.byd.com/news/byd-discontinues-gas-only-auto-line-to-focus-on-phev-and-pure-electric-tech/ |url-status=live |archive-url=https://web.archive.org/web/20220405145612/https://en.byd.com/news/byd-discontinues-gas-only-auto-line-to-focus-on-phev-and-pure-electric-tech/ |archive-date=5 April 2022 |accessdate=17 April 2022 |publisher=en.BYD.com}} In 2023, it introduced two new brands, which are Yangwang and Fangchengbao.

In November 2024, BYD hosted an event in Shenzhen to commemorate its 30th anniversary and the production of its 10 millionth new energy vehicle.{{Cite web |date=2024-11-18 |title=王传福总结比亚迪三十年发展经验：敢想、敢干、敢坚持！ |trans-title=Wang Chuanfu summarized BYD's 30 years of development experience: Dare to think, dare to do, and dare to persevere! |url=https://weibo.com/ttarticle/x/m/show#/id=2309405102063666200695&_wb_client_=1 |access-date=2024-11-18 |website=Weibo |publisher=BYD Auto |language=zh}}

File:SZ 深圳 Shenzhen 寶安 BaoAn 龍華大道 Longhua Blvd 購物城 CoCo City Shopping Mall car show May 2023 Px3 02 BYD crop.jpg]]

{{Main|BYD Auto}}BYD Auto was founded in January 2003 by BYD owner Wang Chuanfu, following BYD's acquisition of Xi'an Qinchuan Automobile.{{Cite web |title=About BYD {{!}} BYD AUTO |url=https://www.byd.com/en/about-byd |archive-url=https://web.archive.org/web/20240502194248/https://www.byd.com/en/about-byd |archive-date=2024-05-02 |access-date=2024-06-17 |website=BYD |language=en}} It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks. Aside from using the BYD main brand, BYD Auto also owns three other brands intended to capture the high-end market, which are Denza, Fangchengbao and Yangwang.

The BYD F3, the first car developed by BYD Auto, began production in 2005. The company launched its first plug-in hybrid electric vehicle, the BYD F3DM in 2008, followed by the BYD e6, its first battery electric vehicle, in 2009. BYD Auto ended production of purely internal combustion engined cars in March 2022. Since 2023, BYD Auto is the largest automobile manufacturer in China by annual sales.{{Cite news |last1=Lee |first1=Danny |last2=Hong |first2=Jinshan |date=2023-04-25 |title=BYD Overtakes Volkswagen as China's Best-Selling Car Brand |url=https://www.bloomberg.com/news/articles/2023-04-25/byd-overtakes-volkswagen-as-china-s-best-selling-car-brand |access-date=2023-05-02 |work=Bloomberg |language=en}}

{{As of|2025}}, BYD Auto has nine major vehicle production bases in China. In addition, it operates production bases in Uzbekistan and Thailand and is constructing new facilities in Indonesia, Brazil, Hungary, and Turkey. BYD's annual vehicle production capacity in China is 5.82 million vehicles {{As of|2024|lc=y}}.{{Cite web |date=2024-03-28 |title=比亚迪疯狂扩张：70万名员工，研发投入400亿 |trans-title=BYD's crazy expansion: 700,000 employees, 40 billion in R&D investment |url=https://m.qctt.cn/news/1635933 |access-date=2024-06-15 |website=m.qctt.cn}}

BYD's automotive business constitutes the majority of BYD's revenue. In 2024, BYD reported a revenue of around {{CNY|617 billion}} from automotive and related products, accounting for 79% of BYD's total revenue.{{Cite web |title=BYD Annual Report 2023 |url=https://www.bydglobal.com/sitesresources/common/tools/generic/web/viewer.html?file=%2Fsites%2FSatellite%2FBYD%20PDF%20Viewer%3Fblobcol%3Durldata%26blobheader%3Dapplication%252Fpdf%26blobkey%3Did%26blobtable%3DMungoBlobs%26blobwhere%3D1638928466193%26ssbinary%3Dtrue |access-date=2024-06-25 |page=43 |archive-date=25 June 2024 |archive-url=https://web.archive.org/web/20240625144438/https://www.bydglobal.com/sitesresources/common/tools/generic/web/viewer.html?file=%2Fsites%2FSatellite%2FBYD%20PDF%20Viewer%3Fblobcol%3Durldata%26blobheader%3Dapplication%252Fpdf%26blobkey%3Did%26blobtable%3DMungoBlobs%26blobwhere%3D1638928466193%26ssbinary%3Dtrue |url-status=live }}

{{Infobox company

| name = BYD Electronic (International) Company Limited

| logo = BYD Electronics 2022 logo.svg

| logo_size =

| logo_upright =

| image =

| image_size = 250px

| image_caption =

| type = Public

| traded_as = {{hkse|285}}

| genre =

| foundation = {{start date and age|2007|06|14|df=yes}}

| founder =

| location_city = Shenzhen, Guangdong, China

| location_country =

| location =

| key_people = {{ubl

| Wang Nianqiang

| Jiang Xiangrong (executive directors)

| Wang Chuanfu

}}

| area_served = Worldwide

| industry = {{ubl

| Electronics

| Consumer electronics

}}

| products = {{ubl

| Handsets

| Handset components

}}

| services =

| revenue = {{profit}} {{CNY|129.95 billion|link=yes}} (2023)

| operating_income = {{profit}} {{CNY|7.96 billion}} (2023)

| net_income = {{profit}} {{CNY|4.04 billion}} (2023)

| assets = {{profit}} {{CNY|87.21 billion}} (2023)

| num_employees = {{gain}} 150,300 (2023)

| parent = BYD Company Limited

| divisions =

| subsid =

| equity = {{profit}} {{CNY|29.33 billion}} (2023)

| owners = {{unbulleted list

| BYD Company Limited (65.76%)

| Wang Chuanfu (17.81%)

}}

| homepage = {{URL|https://electronics.byd.com/|electronics.byd.com}}

| footnotes = {{cite web | url=https://electronics.byd.com/bydelectrsources/common/tools/generic/web/viewer.html?file=/sites/byd/elecen/BYD+ELECTRONIC+ANNUAL+REPORT+2023+%282024-04-26%29.pdf | title=Annual Report 2024 | access-date=2024-06-24 | archive-date=29 July 2024 | archive-url=https://web.archive.org/web/20240729014041/https://electronics.byd.com/cn/error | url-status=live }}

}}

BYD Electronic (International) Company Limited or simply BYD Electronics 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.{{Cite web |date=13 December 2007 |title=BYD Electronic prices $758 mln IPO at bottom of range |url=https://www.reuters.com/article/bydelec-ipo-idUKHKG13281920071213/ |access-date=22 December 2023 |website=Reuters}}

BYD Electronics operated several overseas factories,{{cite magazine |author=Marc Gunther |date=13 April 2009 |title=Why Warren Buffett is investing in electric car company BYD |url=https://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/ |url-status=dead |magazine=Fortune |accessdate=2 May 2009 |archiveurl=https://web.archive.org/web/20090427114106/https://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/ |archivedate=27 April 2009}} such as in Cluj, Romania;{{Cite web |title=BYD ELECTRONIC BYD ELECTRONIC IINTERIM REPORT 2008 (2008-09-25) |url=http://www.byd-electronic.com/abu/files/20080927/20080927042041_2114.pdf |url-status=dead |archive-url=https://web.archive.org/web/20081010025046/http://www.byd-electronic.com/abu/files/20080927/20080927042041_2114.pdf |archive-date=2008-10-10 |access-date=2009-07-30}} a factory in Komárom, Hungary that was acquired through the February 2008 purchase of Mirae Hungary Industrial Manufacturer Ltd; and a factory in Chennai, India, which was also completed in 2008. In addition, BYD Electronic has production bases in Huizhou, Tianjin, and at Baolong Industrial Park, Longgang District, Shenzhen.{{Cite web |title=BYD Electronic (International) Co Ltd 2007 Annual Report |url=http://www.byd-electronic.com/abu/files/20080424/20080424043806_2187.PDF |url-status=dead |archive-url=https://web.archive.org/web/20110708110355/http://www.byd-electronic.com/abu/files/20080424/20080424043806_2187.PDF |archive-date=2011-07-08 |access-date=2009-07-30}}

As a "one-site mode supplier" especially for mobile phones, the company provides product design, manufacturing, testing, assembly and after sales services. By 2011, notable BYD Electronics customers include Nokia, Motorola, and Samsung.{{Cite web |title=BYD's business areas - Business - Chinadaily.com.cn |url=https://www.chinadaily.com.cn/business/2011-09/16/content_16061778.htm |access-date=2024-07-27 |website=www.chinadaily.com.cn}} According to Wang Chuanfu in 2021, the company manufactures most Huawei mobile phones.{{Cite web |title=BYD also OEM Huawei phones, says the car maker's president |url=https://consumer.huawei.com/ph/community/details/BYD-also-OEM-Huawei-phones-says-the-car-maker-s-president/topicId-132549/ |access-date=2024-07-27 |website=consumer.huawei.com |language=en-PH |archive-date=28 July 2024 |archive-url=https://web.archive.org/web/20240728152654/https://consumer.huawei.com/ph/community/details/BYD-also-OEM-Huawei-phones-says-the-car-maker-s-president/topicId-132549/ |url-status=live }}

Since 2020, BYD Electronics became one of the original equipment manufacturer (OEM) of Apple's iPad.{{Cite web |title=BYD Electronics has become Apple's new iPad OEM |url=https://www.yic-electronics.com/news/BYD-Electronics-has-become-Apple-s-new-iPad-OEM.html |access-date=2024-05-27 |website=YIC-Electronics.com |archive-date=27 May 2024 |archive-url=https://web.archive.org/web/20240527150057/https://www.yic-electronics.com/news/BYD-Electronics-has-become-Apple-s-new-iPad-OEM.html |url-status=live }} 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.{{Cite web |title=China's BYD expands beyond iPads, to produce EVs in Vietnam |url=https://asia.nikkei.com/Business/Automobiles/China-s-BYD-expands-beyond-iPads-to-produce-EVs-in-Vietnam |access-date=2024-05-27 |website=Nikkei Asia |language=en-GB |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729014526/https://asia.nikkei.com/Business/Automobiles/China-s-BYD-expands-beyond-iPads-to-produce-EVs-in-Vietnam |url-status=live }}{{Cite web |last=Oanh |first=Kim |date=2023-05-09 |title=BYD Electronics to start construction of $183.7 million plant this month |url=https://vir.com.vn/byd-electronics-to-start-construction-of-1837-million-plant-this-month-101701.html |access-date=2024-05-27 |website=Vietnam Investment Review |archive-date=27 May 2024 |archive-url=https://web.archive.org/web/20240527150035/https://vir.com.vn/byd-electronics-to-start-construction-of-1837-million-plant-this-month-101701.html |url-status=live }} Apple's plan to produce iPads with BYD in India were cancelled due to government regulations stemming from geopolitical concerns between India and China.{{Cite web |last=Singh |first=Rimjhim |date=2024-07-26 |title=Foxconn eyes Tamil Nadu facility for iPad assembly amid Apple's expansion |url=https://www.business-standard.com/companies/news/foxconn-eyes-tamil-nadu-facility-for-ipad-assembly-amid-apple-s-expansion-124072600229_1.html |access-date=2024-07-27 |website=Business Standard |archive-date=27 July 2024 |archive-url=https://web.archive.org/web/20240727004517/https://www.business-standard.com/companies/news/foxconn-eyes-tamil-nadu-facility-for-ipad-assembly-amid-apple-s-expansion-124072600229_1.html |url-status=live }}{{Cite web |last=Rana |first=Karvi |date=2024-07-08 |title=Apple to Resume iPad Manufacturing Plans in India, Seek New Partner |url=https://www.logisticsinsider.in/apple-to-resume-ipad-manufacturing-plans-in-india-seek-new-partner/ |access-date=2024-07-27 |website=Logistics Insider |language=en-US}}

In August 2023, BYD Electronics has agreed to buy several Chinese factories operated by Jabil, a U.S. manufacturer that supplies major components to Apple.{{Cite web |last=Ma |first=Wayne |date=2023-08-30 |title=China's BYD to Pay $2.2B to Expand Business With Apple |url=https://www.theinformation.com/briefings/chinas-byd-to-pay-2-2b-to-expand-business-with-apple |access-date=2024-05-27 |website=theinformation.com |archive-date=27 May 2024 |archive-url=https://web.archive.org/web/20240527150036/https://www.theinformation.com/briefings/chinas-byd-to-pay-2-2b-to-expand-business-with-apple |url-status=live }}

In May 2024, it was announced that BYD Electronics would be added to Hong Kong's Hang Seng Index.{{Cite web |date=2024-05-17 |title=BYD Electronic to Join Hong Kong's Benchmark Index |url=https://www.bloomberg.com/news/articles/2024-05-17/byd-electronic-to-join-hong-kong-s-benchmark-index?srnd=homepage-europe |access-date=2024-05-17 |website=Bloomberg News |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729014526/https://www.bloomberg.com/news/articles/2024-05-17/byd-electronic-to-join-hong-kong-s-benchmark-index?srnd=homepage-europe |url-status=live}}

In July 2024, BYD Electronics and Luxshare Precision joined the iPhone 16 supply chain, following the relocation of some iPhone production from India back to China due to quality concerns.{{Cite web |last=Udin |first=Efe |date=2024-07-24 |title=Apple's Supply Chain Rebalancing: Overcoming Challenges in India and Returning to Chinese Production |url=https://www.gizchina.com/2024/07/24/apples-shifting-supply-chain-strategy-a-return-to-china/ |access-date=2024-07-27 |website=Gizchina.com |language=en-US |archive-date=27 July 2024 |archive-url=https://web.archive.org/web/20240727192019/https://www.gizchina.com/2024/07/24/apples-shifting-supply-chain-strategy-a-return-to-china/ |url-status=live}}

File:BYD_Electronics_product_portfolio_showcase_02.png|MacBook trackpad and iPod touch

File:BYD_Electronics_product_portfolio_showcase_03.png|Casings of various handsets, including smartphones, tablets and laptops

File:BYD_Electronics_product_portfolio_showcase_01.png|Apple Magic Keyboard

File:A_bag_of_face_masks_made_by_BYD,_2020-04-26.jpg|Single-use medical masks produced by BYD Electronics in 2020

BYD Semiconductor Co., Ltd. was established in 2020 as the successor to the BYD IC Design Department that was established in 2002.{{Cite web |date=2023-06-12 |title=比亚迪新能源汽车61家核心供应商汇总（附名单及介绍） |trans-title=Summary of BYD’s 61 core suppliers of new energy vehicles (with list and introduction) |url=https://zhuanlan.zhihu.com/p/636536351 |access-date=2023-12-25 |website=知乎专栏 |language=zh |archive-date=21 January 2024 |archive-url=https://web.archive.org/web/20240121030937/https://www.zhihu.com/account/unhuman?type=U4E3Z1&need_login=true |url-status=live }} manufactures and distributes semiconductor products such as integrated circuits, insulated gate bipolar transistor modules, light emitting diodes, single chips, and other products.{{Cite web |title=BYD Semiconductor Co Ltd - Company Profile and News |url=https://www.bloomberg.com/profile/company/1803775D:CH |access-date=22 December 2023 |website=Bloomberg.com |language=en |archive-date=21 January 2024 |archive-url=https://web.archive.org/web/20240121031011/https://www.bloomberg.com/profile/company/1803775D:CH |url-status=live }} 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.{{Cite news |date=15 November 2022 |title=China's BYD scraps IPO plan for semiconductor unit |language=en-US |work=Reuters |url=https://jp.reuters.com/article/idUSKBN2S5136/ |access-date=22 December 2023 |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222091231/https://jp.reuters.com/article/idUSKBN2S5136/ |url-status=live }}

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.{{Cite web |date=24 November 2017 |title=比亚迪叉车：在创新中不断前行 |trans-title=BYD Forklift: Keep moving forward in innovation |url=https://www.sohu.com/a/www.sohu.com/a/206558991_649545 |access-date=22 December 2023 |website=Sohu }}{{Dead link|date=July 2024 |bot=InternetArchiveBot |fix-attempted=yes }}

{{Infobox brand

| logo = 180px

| name = FinDreams

| image =

| type = Automotive components

| currentowner = BYD Company Limited

| origin = China

| introduced = {{start date and age|2020|3|df=yes}}

| discontinued =

| related =

| markets =

| previousowners =

| trademarkregistrations =

| ambassador =

| tagline =

| module = {{Infobox Chinese|child=yes|s=弗迪|p=Fúdí |order=st|hide=no|altname=Trading name}}

| website =

}}

FinDreams ({{lang-zh|s=弗迪|t=|p=Fúdí|c=}}) 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),{{Cite web |title=弗迪动力专题分析（2023.5) |trans-title=Special analysis of Fudi Power (2023.5) |url=https://www.autothinker.net/report/content/id/1171.html |access-date=22 December 2023 |website=AutoThinker |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222092748/https://www.autothinker.net/report/content/id/1171.html |url-status=live }} and FinDreams Precision.{{Cite web |last=Kane |first=Mark |date=31 March 2020 |title=BYD To Become An EV Parts Supplier Under FinDreams Brand |url=https://insideevs.com/news/406884/byd-ev-parts-supplier-findreams-brand/ |access-date=22 December 2023 |website=InsideEVs |language=en |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222091232/https://insideevs.com/news/406884/byd-ev-parts-supplier-findreams-brand/ |url-status=live }}{{Cite web |last=bcusack |date=25 March 2020 |title=BYD launches FinDreams global auto component brand |url=https://www.just-auto.com/news/byd-launches-findreams-global-auto-component-brand/ |access-date=22 December 2023 |website=Just Auto |language=en-US |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222091232/https://www.just-auto.com/news/byd-launches-findreams-global-auto-component-brand/ |url-status=live }}

Its Chinese name, 'Fudi' comes from a poem in the Classic of Poetry, which means honesty, trustworthiness, steadfastness and diligence.{{Cite web |date=17 March 2020 |title=成立弗迪公司，比亚迪不仅要卖车，还想做这些事 |trans-title=By establishing Fudi Company, BYD not only wants to sell cars, but also wants to do these things |url=https://www.sohu.com/a/380857865_120104159 |access-date=22 December 2023 |website=www.sohu.com |archive-date=3 March 2024 |archive-url=https://web.archive.org/web/20240303080923/https://www.sohu.com/a/380857865_120104159 |url-status=live }}

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.{{Cite web |date=16 March 2020 |title=比亚迪成立弗迪公司 布局新能源车领域 |trans-title=BYD establishes Fudi Company to expand into new energy vehicle field |url=http://auto.people.com.cn/n1/2020/0316/c1005-31634278.html |access-date=22 December 2023 |website=auto.people.com.cn |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222091234/http://auto.people.com.cn/n1/2020/0316/c1005-31634278.html |url-status=live }} It specializes in lithium iron phosphate (LFP) batteries, including blade battery.{{cite web |date=18 July 2022 |title=2022 1H Global[1] EV & Battery Performance Review |url=https://www.sneresearch.com/en/insight/release_view/34/page/0 |access-date=1 October 2022 |website=SNE research |archive-date=27 May 2023 |archive-url=https://web.archive.org/web/20230527233511/https://www.sneresearch.com/en/insight/release_view/34/page/0 |url-status=live }} {{As of|2021|November}}, the company has established 15 major production bases in more than 10 cities across China.{{Cite web |date=2021-11-10 |title=Findreams Battery to see surging output |url=http://www.nxiang.net/HTZ/Updates/2021-11-09/422.html |access-date=2024-03-03 |website=Ningxiang China |archive-date=3 March 2024 |archive-url=https://web.archive.org/web/20240303084002/http://www.nxiang.net/HTZ/Updates/2021-11-09/422.html |url-status=live }} {{As of|December 2024}}, FinDreams Battery is the world's second largest producer of electric vehicle batteries below CATL.{{Cite web |last=Kang |first=Lei |date=2024-02-07 |title=Global EV battery market share in 2023: CATL 36.8%, BYD 15.8% |url=https://cnevpost.com/2024/02/07/global-ev-battery-market-share-in-2023/ |access-date=2024-06-15 |website=CnEVPost |language=en-US |archive-date=3 March 2024 |archive-url=https://web.archive.org/web/20240303063350/https://cnevpost.com/2024/02/07/global-ev-battery-market-share-in-2023/ |url-status=live }}{{Cite web |last=Kang |first=Lei |date=2024-02-07 |title=Global EV battery market share in 2023: CATL 36.8%, BYD 15.8% |url=https://cnevpost.com/2024/02/07/global-ev-battery-market-share-in-2023/ |access-date=2024-06-15 |website=CnEVPost |language=en-US}} Manufacturers that have been using LFP batteries produced by FinDreams Battery include Tesla,{{Cite web |last=Bleakley |first=Daniel |date=2023-05-22 |title=Tesla's switch to BYD batteries is achieving faster charging times |url=https://thedriven.io/2023/05/22/teslas-switch-to-byd-batteries-is-achieving-faster-charging-times/ |access-date=2025-05-29 |website=The Driven |language=en-AU}}{{Cite web |date=2024-02-01 |title=What can the Tesla Model Y with BYD battery do? - electrive.com |url=https://www.electrive.com/2024/02/01/what-can-the-tesla-model-y-with-byd-battery-do/ |access-date=2025-05-29 |website=www.electrive.com |language=en-US}} Toyota,{{Cite web |last=Kang |first=Lei |date=2023-04-17 |title=Toyota's electric sedan bZ3 with BYD battery and motor officially launched in China |url=https://cnevpost.com/2023/04/17/toyota-bz3-with-byd-battery-motor-launched-in-china/ |access-date=2025-05-29 |website=CnEVPost |language=en-US}} Kia,{{Cite web |last=Opletal |first=Jiri |date=2023-08-14 |title=Kia EV5 production version exposed with BYD battery in China |url=https://carnewschina.com/2023/08/14/kia-ev5-production-version-exposed-with-byd-battery-in-china/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} Ford,{{Cite web |last=Opletal |first=Jiri |date=2023-08-26 |title=Lincoln and Kia launched new cars with BYD batteries in China |url=https://carnewschina.com/2023/08/26/lincoln-and-kia-launched-new-cars-with-byd-batteries-in-china/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} Suzuki,{{Cite web |last=Gopal |first=Adithya |date=2024-11-13 |title=Suzuki unveils its first battery electric vehicle – the e Vitara |url=https://www.automotivepowertraintechnologyinternational.com/news/electric-powertrain-technologies/suzuki-unveils-its-first-battery-electric-vehicle-the-e-vitara.html |access-date=2025-05-29 |website=Automotive Powertrain Technology International |language=en-GB}} KG Mobility,{{Cite web |last=Brooks |first=Glenn |date=2025-01-23 |title=Lights, Camera, Actyon - KGM's new coupe-SUV |url=https://www.just-auto.com/analysis/lights-camera-actyon-kgms-new-coupe-suv/ |access-date=2025-05-29 |website=Just Auto |language=en-US}} Chery,{{Cite web |last=Chen |first=Dong Yi |date=2023-11-18 |title=Chery Fengyun T6 SUV with BYD's FinDreams battery debuted |url=https://carnewschina.com/2023/11/18/chery-fengyun-t6-plug-in-hybrid-suv-with-byds-findreams-battery-debuted-at-guangzhou-auto-show/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} Xiaomi,{{Cite web |last=Zhang |first=Phate |date=2024-05-27 |title=Xiaomi SU7 entry variant gets random CATL, BYD batteries as part of efforts to boost capacity |url=https://cnevpost.com/2024/05/27/xiaomi-su7-standard-gets-random-catl-byd-batteries/ |access-date=2025-05-29 |website=CnEVPost |language=en-US}} XPeng,{{Cite web |last=Leung |first=Adrian |date=2024-09-14 |title=Sunday China Drive {{!}} Xpeng Mona M03: affordable EV with advanced tech, model with XNGP arrives in 2025 |url=https://carnewschina.com/2024/09/14/sunday-china-drive-xpeng-mona-m03-affordable-ev-with-advanced-tech-model-with-xngp-arrives-in-2025/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} Nio,{{Cite web |last=Andrews |first=Mark |date=2024-05-06 |title=Nio’s Model Y competitor Onvo L60 will use batteries from BYD |url=https://carnewschina.com/2024/05/06/nios-model-y-competitor-onvo-l60-will-use-batteries-from-byd/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} FAW,{{Cite web |last=Chen |first=Dong Yi |date=2024-05-14 |title=Hongqi EHS7 battery swap SUV applied for Chinese sales license |url=https://carnewschina.com/2024/05/14/hongqi-ehs7-battery-swap-suv-applied-for-sales-license-in-china/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} JAC,{{Cite web |last=Chen |first=Dong Yi |date=2023-09-17 |title=JAC QX PHEV SUV with BYD FinDreams' engine and Huawei HiCar launched, price starts at 17,800 USD |url=https://carnewschina.com/2023/09/17/jac-qx-phev-suv-with-fudi-engine-and-huawei-hicar-launched-price-starts-at-17800-usd/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} Dongfeng Nissan,{{Cite web |last=Petkovic |first=Dalibor |date=2023-11-06 |title=Dongfeng-Nissan Venucia releases 140,000 USD hydrogen car |url=https://carnewschina.com/2023/11/06/dongfeng-nissan-venucia-releases-140000-usd-hydrogen-car/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} Hozon/Neta,{{Cite web |last=Bobylev |first=Denis |date=2023-08-13 |title=Neta EP32 SUV spotted in China with BYD’s battery and 500 km of range |url=https://carnewschina.com/2023/08/13/neta-ep32-suv-spotted-in-china-with-byds-battery-and-500-km-of-range/ |access-date=2025-05-29 |website=CarNewsChina.com |language=en-US}} and others.

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% 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.{{Cite web |last=Zhang |first=Phate |date=24 July 2023 |title=BYD's battery joint venture with FAW sees 1st battery pack roll off line |url=https://cnevpost.com/2023/07/24/byd-faw-findreams-sees-1st-pack-off-line/ |access-date=22 December 2023 |website=CnEVPost |language=en-US |archive-date=22 December 2023 |archive-url=https://web.archive.org/web/20231222091231/https://cnevpost.com/2023/07/24/byd-faw-findreams-sees-1st-pack-off-line/ |url-status=live }}

File:IAA_Summit_2023,_Munich_(P1110715).jpg, as shown at the IAA Summit 2023, Germany]]

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.{{cite web |last=Doll |first=Scooter |date=12 June 2023 |title=BYD establishes joint venture to begin mass producing its nascent sodium-ion EV batteries |url=https://electrek.co/2023/06/12/byd-joint-venture-mass-producing-sodium-ion-ev-batteries/ |access-date=5 September 2023 |publisher=Electrek |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613092119/https://electrek.co/2023/06/12/byd-joint-venture-mass-producing-sodium-ion-ev-batteries/ |url-status=live }} In January 2024, construction of the sodium-ion manufacturing plant started. The CN¥10 billion (US$1.4 billion) plant will have a 30 GWh annual production capacity.{{Cite web |last=Shahan |first=Zachary |date=2024-01-07 |title=BYD Constructing Sodium-Ion Battery Gigafactory (30 GWh) |url=https://cleantechnica.com/2024/01/07/byd-constructing-sodium-ion-battery-gigafactory-30-gwh/ |access-date=2024-01-13 |website=CleanTechnica |language=en-US |archive-date=13 January 2024 |archive-url=https://web.archive.org/web/20240113033325/https://cleantechnica.com/2024/01/07/byd-constructing-sodium-ion-battery-gigafactory-30-gwh/ |url-status=live }}

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.{{Cite web |last=Samora |first=Sara |date=2024-02-13 |title=BorgWarner inks manufacturing deal with BYD subsidiary |url=https://www.automotivedive.com/news/borgwarner-findreams-battery-byd-subsidiary-blade-cells/707424/ |access-date=2024-03-03 |website=Automotive Dive |language=en-US |archive-date=29 July 2024 |archive-url=https://web.archive.org/web/20240729015033/https://www.automotivedive.com/news/borgwarner-findreams-battery-byd-subsidiary-blade-cells/707424/ |url-status=live }}

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.{{Cite web |last=Kang |first=Lei |date=2024-06-05 |title=BYD's FinDreams unit to supply battery cells to Tesla's Shanghai Megafactory |url=https://cnevpost.com/2024/06/05/byd-findreams-to-supply-battery-cells-to-tesla-megafactory/ |access-date=2024-06-07 |website=CnEVPost |language=en-US |archive-date=7 June 2024 |archive-url=https://web.archive.org/web/20240607025831/https://cnevpost.com/2024/06/05/byd-findreams-to-supply-battery-cells-to-tesla-megafactory/ |url-status=live }}

FinDreams Battery also owns Shenzhen BYD Energy Storage Co., Ltd., (previously Shenzhen Pingshan FinDreams Battery Co., Ltd.) that produces energy storage products.{{Cite web |date=2023-12-25 |title=深圳弗迪电池公司更名为比亚迪储能 |trans-title=Shenzhen FinDreams Battery Company changed its name to BYD Energy Storage |url=https://m.gasgoo.com/App/ShareArticleContent.aspx?type=1&Id=70375815 |url-status=live |archive-url=https://web.archive.org/web/20240303082933/https://m.gasgoo.com/App/ShareArticleContent.aspx?type=1&Id=70375815 |archive-date=3 March 2024 |access-date=2024-03-03 |website=盖世汽车}} It produces the BYD Home Energy System, simplified as BYD HES, an integrated product combining solar panels, battery, inverter, etc.{{Cite web |date=13 February 2013 |title=ICCI 2012 B2B Meetings Event |url=http://www.b2match.eu/icci2012/participants/96 |url-status=dead |archive-url=https://archive.today/20130213042811/http://www.b2match.eu/icci2012/participants/96 |archive-date=2013-02-13 |website=archive.ph}}{{Cite web |title=SolarMyWorld |url=http://www.solarmyworld.com.au/home-energy-system.php |url-status=dead |archive-url=https://web.archive.org/web/20120829061849/http://www.solarmyworld.com.au/home-energy-system.php |archive-date=29 August 2012 |access-date=19 September 2012}} This system generated electricity from solar power, and then stored it.{{Cite web |title=Off-Grid Inverters {{!}} BYD Solar Home Energy System (HES) Tibet Project |url=http://inverterphilippines.com/blog/2012/09/09/off-grid-inverters-byd-solar-home-energy-system-hes-tibet-project-2/ |url-status=dead |archive-url=https://archive.today/20130126191713/http://inverterphilippines.com/blog/2012/09/09/off-grid-inverters-byd-solar-home-energy-system-hes-tibet-project-2/ |archive-date=26 January 2013 |access-date=19 September 2012}}

In February 2025, BYD Energy Storage announced a contract with Saudi Electricity Company to provide 12.5 GWh of energy storage.{{Cite web |last=Shahan |first=Zachary |date=2025-02-20 |title=BYD Earns Contract for "World’s Largest Grid-Scale Battery Storage Projects" in Saudi Arabia |url=https://cleantechnica.com/2025/02/20/byd-earns-contract-for-worlds-largest-grid-scale-battery-storage-projects-in-saudi-arabia/ |access-date=2025-02-22 |website=CleanTechnica |language=en-US}}

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

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

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

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.{{cite news |date=1 July 2021 |title=SkyRail Express, Metro to Explore Development of Sepulveda Pass Monorail |publisher=San Fernando Valley Business Journal |url=https://sfvbj.com/news/2021/jul/01/skyrail-express-metro-explore-development-sepulved/ |access-date=3 July 2021 |archive-date=9 July 2021 |archive-url=https://web.archive.org/web/20210709183022/https://sfvbj.com/news/2021/jul/01/skyrail-express-metro-explore-development-sepulved/ |url-status=live }}

File:停靠在坪山中心站的坪山云巴列车 (20220924).jpg elevated tram line in Pingshan, Shenzhen is owned by BYD]]

BYD also offers another Automated guideway transit (AGT) system, known as "SkyShuttle" ({{lang-zh|s=云巴|l=cloud bus}}).{{cite web |title=云巴-轨道交通产品 |url=http://www.byd.com/cn/ProductAndSolutions/SkyShuttle.html |url-status=live |archive-url=https://web.archive.org/web/20200615101258/http://www.byd.com/cn/ProductAndSolutions/SkyShuttle.html |archive-date=15 June 2020 |access-date=25 May 2020}} SkyShuttle trains are autonomous and battery powered. They run like monorails on beams, with one difference: the guiding wheels of a monorail train embrace the single beam while the SkyShuttle's guiding wheels are located between two beams of the track. Essentially the SkyShuttle acts like a monorail, but with two "rails". In-house development took 7 years an costed over 1.5 billion USD.{{cite web |title=Rail Transit-BYD |url=https://www.bydglobal.com/cn/en/BYD_ENProductAndSolutions/CloudBusEn_mob.html |website=www.bydglobal.com |access-date=3 June 2025}} The Bishan SkyShuttle in Chongqing is operational.{{cite web |author=人民网 |date=10 April 2021 |title=无人驾驶"云巴"16日在璧山开通 |url=http://cq.people.com.cn/n2/2021/0410/c365411-34668939.html |access-date=27 April 2021 |archive-date=13 April 2021 |archive-url=https://web.archive.org/web/20210413075903/http://cq.people.com.cn/n2/2021/0410/c365411-34668939.html |url-status=live }}

{{clear}}

In 2021, BYD had 288,000 employees. BYD workforce reached 570,000 employees in 2022, after the company hired 280,000 employees in a single year. At that year, BYD became the private enterprise company with the largest workforce in China, and only below several state-owned companies such as China National Petroleum Corporation, State Grid Corporation of China and China Post. By the end of 2023, the company had 704,000 employees, with 133,000 new hires that year. This workforce count is nearly double that of Toyota, which has 375,000 employees.{{Cite web |last=Johnson |first=Peter |date=2024-05-29 |title=BYD's workforce nearly doubles Toyota's amid China's booming EV market |url=https://electrek.co/2024/05/29/byds-workforce-nearly-doubles-toyotas-ev-sales-surge/#:~:text=BYD's%20workforce%20is%20now%20nearly,BYD%20is%20not%20slowing%20down. |access-date=2024-06-15 |website=Electrek |archive-date=4 June 2024 |archive-url=https://web.archive.org/web/20240604094145/https://electrek.co/2024/05/29/byds-workforce-nearly-doubles-toyotas-ev-sales-surge/#:~:text=BYD's%20workforce%20is%20now%20nearly,BYD%20is%20not%20slowing%20down. |url-status=live }} In 2024, BYD hired close to 200,000 new employees in car manufacturing and components. In December 2024, the company has 968,900 employees.{{Cite web |last=Wang |first=Ethan |title=China's BYD boosts production and hiring amid Q3 growth |url=https://www.reuters.com/business/autos-transportation/chinas-byd-boosts-production-hiring-amid-q3-growth-2024-11-03/ |access-date=12 November 2024 |work=Reuters}}

On 5 November 2021, a 36-year-old employee of BYD was reported dead in his rented home. According to his relatives, his sudden death was due to high-intensity overtime work. No autopsy was conducted, so the cause of death remains unclear. BYD agreed to pay the deceased employee's family a lump sum of {{CNY|200,000}} in compensation.{{Cite web |last=Pandaily |date=18 November 2021 |title=BYD Responds to Sudden Death of Employee: Firm is Actively Communicating with Family Members |url=https://pandaily.com/byd-responds-to-sudden-death-of-employee-firm-is-actively-communicating-with-family-members/ |url-status=live |archive-url=https://web.archive.org/web/20220220171316/https://pandaily.com/byd-responds-to-sudden-death-of-employee-firm-is-actively-communicating-with-family-members/ |archive-date=20 February 2022 |access-date=1 March 2022 |website=Pandaily |language=en-US}}

BYD heavily invested in core component development, with a substantial research and development (R&D) budget and personnel. Founder Securities data reveals that BYD's R&D investment reached {{CNY|7.99 billion}} in 2021 with a 12.9% rise in R&D personnel, totaling 40,382 employees in 2021. The company also increased its patent filing by 19.7% year-on-year in 2020, with 29,777 patents.

In 2022, BYD invested {{CNY|18.65 billion}} in R&D, more than double than its 2021 budget.{{Cite web |date=2023-03-31 |title=2022年比亚迪营收、净利润均创历史新高 -瞭望汽车 |trans-title=BYD's revenue and net profit will hit record highs in 2022 |url=https://lw.news.cn/2023-03/31/c_1310707141.htm#:~:text=%E5%8D%A0%E6%80%BB%E6%94%B6%E5%85%A5%E6%AF%94%E4%BE%8B%E5%88%86%E5%88%AB,%E8%83%BD%E6%BA%90%E6%B1%BD%E8%BD%A6%E7%9A%84%E5%8F%8C%E9%87%8C%E7%A8%8B%E7%A2%91%E3%80%82 |url-status=live |archive-url=https://web.archive.org/web/20231225105126/https://lw.news.cn/2023-03/31/c_1310707141.htm#:~:text=%E5%8D%A0%E6%80%BB%E6%94%B6%E5%85%A5%E6%AF%94%E4%BE%8B%E5%88%86%E5%88%AB,%E8%83%BD%E6%BA%90%E6%B1%BD%E8%BD%A6%E7%9A%84%E5%8F%8C%E9%87%8C%E7%A8%8B%E7%A2%91%E3%80%82 |archive-date=25 December 2023 |access-date=2023-12-25 |website=LW News}} In 2023, BYD spent {{CNY|39.91 billion}} on R&D, which is 6% of its operating income.{{Cite web |date=2024-03-28 |title=比亚迪疯狂扩张：70万名员工，研发投入400亿 |trans-title=BYD's crazy expansion: 700,000 employees, 40 billion in R&D investment |url=https://m.qctt.cn/news/1635933 |access-date=2024-06-15 |website=m.qctt.cn |archive-date=15 June 2024 |archive-url=https://web.archive.org/web/20240615081343/https://m.qctt.cn/news/1635933 |url-status=live }} In that year, the company also recruited 33,000 new R&D personnel, increasing the total number to 102,000. Among these R&D employees, 60% are under the age of 30. Additionally, BYD disclosed in its financial report that the average annual salary for R&D personnel is around {{CNY|212,000}}.

File:BaByliss for Men T47 - battery BYD Rechargeable AAA-92292.jpg 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 same time, BYD also leverages China's low labour costs, transforming production lines for power batteries from capital-intensive to labour-intensive, ensuring a competitive edge through a robust supply chain system and reduced production costs.{{Citation |last=Wang |first=Lu |title=Cost Management of New Energy Automobile Enterprises: —— Taking BYD as an Example |date=2022 |work=Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022) |volume=225 |pages=1581–1585 |editor-last=Jiang |editor-first=Yushi |place=Dordrecht |publisher=Atlantis Press International BV |language=en |doi=10.2991/978-94-6463-036-7_236 |isbn=978-94-6463-035-0 |editor2-last=Shvets |editor2-first=Yuriy |editor3-last=Mallick |editor3-first=Hrushikesh |doi-access=free}} 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.[http://www.economist.com/specialreports/displaystory.cfm?story_id=15879359First break all the rules: A special report on innovation in emerging markets; The charms of frugal innovation] {{Webarchive|url=https://web.archive.org/web/20210417195308/https://www.economist.com/special-report/2010/04/17/first-break-all-the-rules|date=17 April 2021}} economist.com, 15 April 2010

When BYD entered the automobile industry, it built a fully integrated automotive supply chain. The company achieved this by reverse engineering competitor products and supplier parts.{{Cite book |last1=Kasperk |first1=Garnet |url=https://books.google.com/books?id=bkRuAwAAQBAJ&dq=tsinchuan++byd+company&pg=PA140 |title=Internationalization of Chinese Automobile Companies |last2=CIAM |first2=RWTH Aachen University Center for International Automobile Management |date=July 2012 |publisher=Lulu.com |isbn=978-1-4478-3954-5 |language=en}} The company had also achieved proficiency in producing key components for electric vehicles, such as batteries, motors, and electronic control. This vertical integration model strengthened its industrial chain and mitigates challenges such as the global chip shortage.

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.

In early 2020, BYD transitioned its parts and components division into subsidiary companies, collectively known as FinDreams. It enabled independent operations for these companies, making component supply to other automotive companies easier.

{{See also|BYD Auto#Facilities}}

{{Multiple image

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| image1 = View near headquarters of BYD Company.jpg

| caption1 = View near BYD headquarters in Pingshan, Shenzhen

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| caption2 = A BYD facility in Kengzi, Shenzhen

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BYD has many production bases, including three locations in Shenzhen[http://www.byd.com/downloads/broucher/2.pdf BYD Co Ltd Company Brochure] {{Webarchive|url=https://web.archive.org/web/20100215035322/http://www.byd.com/downloads/broucher/2.pdf |date=15 February 2010 }} BYD Auto Official Site (one of which is on the 'BYD Road' ({{lang-zh|s=比亚迪路|t=比亞迪路|p=Bǐyàdí Lù}}) in Pingshan District, Shenzhen), as well as sites in Huizhou, Shanxi,[http://www.bydit.com/doce/about/company_p.asp Company Profile] {{Webarchive|url=https://web.archive.org/web/20090427135652/http://www.bydit.com/doce/about/company_p.asp|date=27 April 2009}} BYD Official Site and Shanghai. The first plant of the company in India was opened in Chennai.

BYD's automotive business operates an extensive network of vehicle manufacturing facilities across China, encompassing both wholly owned plants and subsidiaries. Its major production centers include the Xi’an plant in Xi'an, Shaanxi with a capacity of 900,000 vehicles annually and the Hefei plant in Changfeng, Hefei, Anhui with 1.32 million vehicles per year. Additional large-scale facilities are located in Changsha, Hunan; Shenzhen, Guangdong; Changzhou, Jiangsu, Zhengzhou, Henan, and Jinan, Shandong, contributing to the production of passenger vehicles, and additionally key components such as engines, traction motors, and battery systems. BYD also runs specialized branches focused on electric buses in various cities including Dalian, Guilin, and Wuhan, and produces special-purpose electric vehicles and commercial trucks at other dedicated sites.{{Cite web |date=2022-11-01 |title=比亚迪十大汽车工厂都在哪里！ |trans-title=Where are BYD's top ten automobile factories? |url=https://www.sohu.com/a/601621706_121314462 |access-date=2023-12-26 |website=Sohu}}{{Cite web |title=All about BYD |url=https://www.marklines.com/en/oem/byd |access-date=2023-12-26 |website=MarkLines Automotive Industry Portal}}{{cite web |title=港媒：比亚迪纯电动巴士大连下线 电池项目已正式启动 |url=http://finance.ifeng.com/a/20141229/13391461_0.shtml |url-status=live |archive-url=https://web.archive.org/web/20141229221623/http://finance.ifeng.com/a/20141229/13391461_0.shtml |archive-date=29 December 2014 |access-date=29 December 2014 |website=凤凰财经 |language=zh}} {{As of|2024}}, BYD's annual vehicle production capacity in China has reached 5.82 million vehicles. Additionally, BYD has expanded its automotive manufacturing footprint beyond China, such as in Thailand, Indonesia, Uzbekistan, Brazil, Hungary, and Turkey.

The company also operates 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.[http://www.byd.com/company.php?index=0 Company Profile] {{webarchive|url=https://web.archive.org/web/20090826100551/http://www.byd.com/company.php?index=0|date=26 August 2009}} BYD Auto Official Site In 2020, BYD built a new facility in Chongqing, China for producing its blade battery,{{Cite web |title=A Glimpse into BYD's Blade Battery Factory in Chongqing |url=https://www.finanznachrichten.de/nachrichten-2020-06/49856720-a-glimpse-into-byd-s-blade-battery-factory-in-chongqing-011.htm |url-status=live |archive-url=https://web.archive.org/web/20201106131220/https://www.finanznachrichten.de/nachrichten-2020-06/49856720-a-glimpse-into-byd-s-blade-battery-factory-in-chongqing-011.htm |archive-date=6 November 2020 |access-date=11 January 2021 |website=FinanzNachrichten.de |language=de}} which are considered to be the safest EV batteries.{{Cite web |last=Krivevski |first=Blagojce |date=30 March 2020 |title=BYD Launches Blade Battery Pack Set to 'Redefine' EV Safety Standards |url=https://electriccarsreport.com/2020/03/byd-launches-blade-battery-pack-set-to-redefine-ev-safety-standards/ |url-status=live |archive-url=https://web.archive.org/web/20201130174819/https://electriccarsreport.com/2020/03/byd-launches-blade-battery-pack-set-to-redefine-ev-safety-standards/ |archive-date=30 November 2020 |access-date=11 January 2021 |language=en-US}}

In Brazil, it opened its first facility 2015 for the production of electric buses.{{Cite web |title=Press Release: BYD Company Announces First Factory In Brazil |url=https://en.byd.com/news-posts/byd-company-announces-first-factory-in-brazil/ |url-status=live |archive-url=https://web.archive.org/web/20210113042618/https://en.byd.com/news-posts/byd-company-announces-first-factory-in-brazil/ |archive-date=13 January 2021 |access-date=11 January 2021 |website=BYD USA |language=en-US}} 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.{{Cite web |date=September 2020 |title=BYD opens electric bus battery factory in Brazil |url=https://www.electrive.com/2020/09/01/byd-opens-factory-in-brazil-to-make-batteries-primarily-for-electric-buses/ |url-status=live |archive-url=https://web.archive.org/web/20210126145343/https://www.electrive.com/2020/09/01/byd-opens-factory-in-brazil-to-make-batteries-primarily-for-electric-buses/ |archive-date=26 January 2021 |access-date=11 January 2021 |website=www.electrive.com}}{{Cite web |last= |first= |date=1 September 2020 |title=BYD Starts Operations at its Lithium Iron Phosphate Battery Factory in Brazil |url=https://www.byd.com/en/news/2020-09-01/BYD-Starts-Operations-at-its-Lithium-Iron-Phosphate-Battery-Factory-in-Brazil |url-status=live |archive-url=https://web.archive.org/web/20201025110210/https://www.byd.com/en/news/2020-09-01/BYD-Starts-Operations-at-its-Lithium-Iron-Phosphate-Battery-Factory-in-Brazil |archive-date=25 October 2020 |access-date= |website=}} It is developing facilities in Campinas and Camaçari, the latter slated to begin producing 150,000 passenger vehicles annually from 2025.

In Southeast Asia, BYD is setting up production lines in Cambodia, Indonesia, and Thailand, with capacities ranging from 10,000 to 150,000 vehicles per year. In Europe, BYD has two electric bus assembly facilities in Europe in Komarom, Hungary and Beauvais, France.{{Cite web |last=Editorial |date=15 May 2019 |title=BYD: Electric bus production in Hungary will grow |url=https://www.sustainable-bus.com/news/byd-big-plans-for-europe-electric-bus-production-in-hungary-will-grow/ |url-status=live |archive-url=https://web.archive.org/web/20210114075913/https://www.sustainable-bus.com/news/byd-big-plans-for-europe-electric-bus-production-in-hungary-will-grow/ |archive-date=14 January 2021 |access-date=12 January 2021 |website=Sustainable Bus |language=en-US}} It plans to open a passenger vehicle plant in Szeged, Hungary by 2026, as well as another in Manisa, Turkey.{{Cite news |date=9 July 2024 |title=Çinli BYD firması yetkilileri, Manisa'da ziyaretlerde bulundu |url=https://www.aa.com.tr/tr/ekonomi/cinli-byd-firmasi-yetkilileri-manisada-ziyaretlerde-bulundu/3270610 |access-date=10 July 2024 |language=tr |agency=Anadolu Agency}}

BYD also operates an electric bus manufacturing plant in Lancaster, California, near Los Angeles, since 2014.For Illinois location, see {{cite web|url=http://blogdowntown.com/2010/04/5321-chinese-auto-maker-byd-locating-its-north

|title=Chinese Auto Maker BYD Locating its North American Headquarters Downtown on Figueroa |publisher=blogdowntown |date=30 April 2010 |access-date=1 May 2010 |archive-url=https://web.archive.org/web/20100504055949/http://blogdowntown.com/2010/04/5321-chinese-auto-maker-byd-locating-its-north |archive-date=4 May 2010 |url-status=dead}} *For California location, see {{cite web |url=http://www.contracostatimes.com/california/ci_14986910 |title=Chinese auto, solar firm BYD chooses LA as its US headquarters |publisher=Contra Costa Times |date=30 April 2010 |access-date=1 May 2010 |archive-url=https://web.archive.org/web/20100503153018/http://www.contracostatimes.com/california/ci_14986910 |archive-date=3 May 2010 |url-status=live }} In 2019, a bus plant opened in Newmarket, Ontario to handle orders in Canada.{{cite web|url=https://en.byd.com/news-posts/byd-opens-first-canadian-bus-assembly-plant/|title=BYD Opens First Canadian Bus Assembly Plant|publisher=BYD North America|access-date=24 January 2020|archive-date=17 April 2021|archive-url=https://web.archive.org/web/20210417195349/https://en.byd.com/news-posts/byd-opens-first-canadian-bus-assembly-plant/|url-status=live}}{{Cite news|last1=Newhauser|first1=Daniel|last2=Hamilton|first2=Keegan|date=11 April 2020|title=Trump Blacklisted This Chinese Company. Now It's Making Coronavirus Masks for U.S. Hospitals.|work=Vice News|url=https://www.vice.com/en/article/trump-blacklisted-this-chinese-company-now-its-making-coronavirus-masks-for-us-hospitals/|url-status=live|access-date=30 April 2020|archive-url=https://web.archive.org/web/20200422081513/https://www.vice.com/en_us/article/qjdqnb/trump-blacklisted-this-chinese-company-now-its-making-coronavirus-masks-for-us-hospitals|archive-date=22 April 2020}}{{Cite news|last=Myers|first=John|date=20 April 2020|title=Newsom's secretive $1-billion mask deal with Chinese automaker sparks bipartisan concerns|work=Los Angeles Times|url=https://www.latimes.com/california/story/2020-04-20/gavin-newsom-n95-masks-byd-chinese-company-california-legislature|url-status=live|access-date=30 April 2020|archive-url=https://web.archive.org/web/20200422215130/https://www.latimes.com/california/story/2020-04-20/gavin-newsom-n95-masks-byd-chinese-company-california-legislature|archive-date=22 April 2020}}

The key trends of BYD are (as at the financial year ending 31 December):{{Cite web |title=BYD Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/BYD-Aktie/CNE100000296 |access-date=2024-08-02 |website=boerse.de |language=de}}{{Cite web |date=2024-08-02 |title=BYD Fundamentals (2017-2023) |url=https://www.boerse.de/fundamental-analyse/BYD-Aktie/CNE100000296 |archive-url=https://web.archive.org/web/20240802113345/https://www.boerse.de/fundamental-analyse/BYD-Aktie/CNE100000296 |url-status=dead |archive-date=2024-08-02 |access-date=2024-08-02 }}{{Cite web |title=Latest Announcements |url=https://www.bydglobal.com/en/InvestorNotice.html?scroll=true |access-date=2 August 2024 |website=BYD}}{{Cite web |title=Periodic Reports |url=https://www.bydglobal.com/en/InvestorAnnals.html?scroll=true |access-date=2 August 2024 |website=BYD}}

Notable members of the senior management of the company are as follows:File:Wang Chuanfu IAA 2023 1X7A0154.jpg]]Executive director

• Wang Chuanfu, also chairman and president

Non-executive directors

• Lu Xiangyang, co-founder, also vice chairman
• Xia Zuoquan

Independent non-executive directors

• Cai Hongping
• Zhang Min
• Yu Ling

Supervisory Board

• Li Yongzhao
• Zhu Aiyun
• Wang Zhen
• Huang Jiangfeng
• Tang Mei

Senior management

• Li Ke (Stella Li), executive vice president, president of BYD in America
• He Zhiqi, executive vice president, COO of BYD Passenger Car Division, director of Shenzhen Denza New Energy Automotive
• He Long, executive vice president, chairman of FinDreams Battery
• Luo Hongbin, senior vice president, chairman of Shenzhen BYD Auto Industrial Co., Ltd. and FinDreams Powertrain
• Zhou Yalin, senior vice president, CFO, also CFO of BYD Electronic (International), director of BYD Semiconductor, chairman of BYD Auto Finance, chairman of Shenzhen BYD Property Insurance
• Yang Dongsheng, senior vice president
• Liu Huanming, vice president
• Wang Chuanfang, vice president
• Ren Lin, vice president
• Zhao Jianping, vice president
• Luo Zhongliang, vice president, chairman of FinDreams Technology
• Li Wei, officer of the President's Office
• Li Qian, company secretary, secretary to the Board, director of BYD Semiconductor

In 2010, BYD topped the Bloomberg Businessweek Tech 100 that listed fast-growing tech companies.{{cite magazine |title=The Tech 100 |url=http://www.businessweek.com/interactive_reports/it100_2010.html?chan=technology_special+report+--+tech+100_special+report+--+tech+100 |url-status=dead |archive-url=https://web.archive.org/web/20100524080821/http://www.businessweek.com/interactive_reports/it100_2010.html?chan=technology_special+report+--+tech+100_special+report+--+tech+100 |archive-date=24 May 2010 |access-date=26 May 2010 |magazine=BusinessWeek}} In that year, BusinessWeek ranked BYD the eighth most innovative company in the world{{cite magazine |title=The 50 Most Innovative Companies 2010 |url=http://bwnt.businessweek.com/interactive_reports/innovative_companies_2010/ |url-status=dead |magazine=BusinessWeek |archive-url=https://web.archive.org/web/20100418203357/http://bwnt.businessweek.com/interactive_reports/innovative_companies_2010/ |archive-date=18 April 2010 |access-date=17 April 2010}} and that same year saw Fast Company ranking BYD as the 16th most innovative.{{cite magazine |title=The World's Most Innovative Companies 2010 |url=http://www.fastcompany.com/mic/2010 |url-status=live |magazine=Fast Company |archive-url=https://web.archive.org/web/20100419083851/http://www.fastcompany.com/mic/2010 |archive-date=19 April 2010 |access-date=17 April 2010}} In 2016, BYD won the Zayed Future Energy Prize award for Large Corporations for their development of robust rechargeable batteries.{{Cite web |date=18 January 2016 |title=Zayed Future Energy Prize winners announced |url=https://gulfnews.com/uae/government/zayed-future-energy-prize-winners-announced-1.1655783 |access-date=8 September 2023 |website=gulfnews.com |language=en |archive-date=8 September 2023 |archive-url=https://web.archive.org/web/20230908033955/https://gulfnews.com/uae/government/zayed-future-energy-prize-winners-announced-1.1655783 |url-status=live }} 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.{{Cite web |title=BYD STRIDES FORWARD WITH A HIGH VOLTAGE BATTERY STORAGE SYSTEM, PV Magazine 2017-12-08 Retrieved 2018-05-25 |url=https://www.currentgeneration.co.nz/solargridconnected/BYD+STRIDES+FORWARD+WITH+A+HIGH+VOLTAGE+BATTERY+STORAGE+SYSTEM.html |url-status=dead |archive-url=https://web.archive.org/web/20180526041951/https://www.currentgeneration.co.nz/solargridconnected/BYD+STRIDES+FORWARD+WITH+A+HIGH+VOLTAGE+BATTERY+STORAGE+SYSTEM.html |archive-date=26 May 2018 |access-date=25 May 2018}}

{{See also|BYD Auto#Lawsuits and controversies}}

In June 2006, Shenzhen Futaihong Precision Industry Company and Hong Fu Jin Precision Industry (Shenzhen) Co. Ltd., affiliates of Foxconn Technology Group, filed a lawsuit against BYD in the Shenzhen intermediate people's court. Foxconn alleged that former employees Liu and Si, who had joined BYD's mobile phone design department, had stolen trade secrets. The plaintiff sought 5 million yuan in compensation.

During the trial, the Shenzhen intermediate people's court referred the case to the Supreme People's Court, which appointed the Beijing JZSC Intellectual Property Forensic Center to conduct an appraisal. The forensic analysis examined files found at BYD, to determine whether the information was common knowledge. The initial appraisal identified 68 out of 116 Foxconn files as non-public knowledge. Foxconn argued that these files contained critical production, assembly, and testing processes, making them proprietary trade secrets. The company also highlighted that over 400 former employees had moved from Foxconn to BYD, including senior technicians and managers trained in Europe with Foxconn's funding. The rapid growth of BYD's mobile manufacturing business coincided with this employee migration and Foxconn’s alleged trade secret leakage.{{cite web |title=Commercial espionage between Foxconn and BYD |url=http://ipr.chinadaily.com.cn/2012-12/25/content_16053023.htm |url-status=live |archive-url=https://web.archive.org/web/20161018063406/http://ipr.chinadaily.com.cn/2012-12/25/content_16053023.htm |archive-date=18 October 2016 |access-date=22 May 2019 |website=ipr.chinadaily.com.cn}}

In addition to patent litigation, Foxconn sued BYD in Hong Kong and Illinois, U.S. in June 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.{{Cite web|url=http://www.nbcnews.com/id/39099077/ns/business-us_business/t/look-inside-foxconn-where-iphones-are-made/|title=A look inside Foxconn - where iPhones are made: a postmodern Chinese industrial empire that was blighted by suicides|website=NBC News|date=12 September 2010|access-date=22 May 2019|archive-url=https://web.archive.org/web/20190615025244/http://www.nbcnews.com/id/39099077/ns/business-us_business/t/look-inside-foxconn-where-iphones-are-made|archive-date=15 June 2019|url-status=dead}} Court proceedings disrupted the planned public listing of BYD Electronics in Hong Kong Stock Exchange. BYD's initial listing application expired, leading to a second attempt on September 2007, which was again met with legal action from Foxconn, delaying the listing for another six months.{{Cite web |date=2011-01-04 |title=Foxconn granted leave to appeal ruling favouring rival BYD |url=https://www.scmp.com/article/734762/foxconn-granted-leave-appeal-ruling-favouring-rival-byd |access-date=2025-04-01 |website=South China Morning Post |language=en}}

In 2008, the Shenzhen Baoan People’s Court ruled that the files in question contained non-public information with economic value, finding BYD guilty of trade secret infringement. Afterwards, Foxconn withdrew the civil proceedings against BYD in mainland China, and sought criminal prosecution, as the case was deemed to involve criminal activity. On 20 March 2008, the former executive director and Vice President of BYD was arrested. 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. In October 2009, 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.

In 2012, the Hong Kong High Court rejected Foxconn's appeals against BYD, while also questioning BYD's counterclaims of defamation and misuse of legal proceedings. BYD denied Foxconn's allegations of trade secret theft and accused Foxconn of coercing former employees into making false confessions and tampering with evidence.

{{Further|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,{{Cite web |title=BYD Files Federal Defamation Lawsuit Against VICE Media in Southern District of NY {{!}} Case # 1:20-cv-03281 |url=https://en.byd.com/news/byd-files-federal-defamation-lawsuit-against-vice-media-in-southern-district-of-ny-case-120-cv-03281/ |access-date=1 June 2025 |website=BYD}} against Vice Media alleging defamation for a story about BYD being associated with companies alleged to be using forced Uyghur labor in its supply chain which was published on 11 April 2020.{{Cite web |last=Allen |first=Bethany |date=2024-07-28 |title=Libel Lawfare |url=https://www.thewirechina.com/2024/07/28/libel-lawfare-chinese-companies-defamation-suit-anti-slapp/ |url-status=live |archive-url=https://web.archive.org/web/20240729015033/https://www.thewirechina.com/2024/07/28/libel-lawfare-chinese-companies-defamation-suit-anti-slapp/ |archive-date=29 July 2024 |access-date=2024-07-29 |website=The Wire China |language=en-US}} BYD's case was dismissed with prejudice in March 2021. The U.S. Court of Appeals for the Second Circuit affirmed the dismissal. The U.S. Supreme Court denied BYD’s petition for review.{{Cite web |title=BYD COMPANY LTD. Petitioner, v. VICE MEDIA LLC |url=https://www.supremecourt.gov/DocketPDF/21/21-1518/226614/20220531132813189_2022.05.31%20BYD%20Petition%20for%20Certiorari_FINAL.pdf |access-date=1 June 2025 |website=supremecourt.gov}}

In November 2020, BYD filed a libel lawsuit against Vice Media and the non-profit Alliance for American Manufacturing (AAM) and some of its employees for calling BYD an arm of the Chinese state and linking it to Uyghur forced labor. The U.S. District Court for the District of Columbia ruled that BYD failed to establish that AAM's statements were defamatory, and dismissed the lawsuit. The U.S. Court of Appeals for the District of Columbia affirmed the dismissal. The Supreme Court of the United States rejected BYD's suit in August 2022.{{Cite web |date=2022-08-11 |title=BYD Company Ltd., Petitioner v. Alliance for American Manufacturing, et al. |url=https://www.supremecourt.gov/search.aspx?filename=/docket/DocketFiles/html/Public/22-137.html&eType=EmailBlastContent&eId=24965dda-6113-4e33-8953-74dfd3f5c5ab |url-status=live |archive-url=https://web.archive.org/web/20240604162942/https://www.supremecourt.gov/search.aspx?filename=/docket/DocketFiles/html/Public/22-137.html&eType=EmailBlastContent&eId=24965dda-6113-4e33-8953-74dfd3f5c5ab |archive-date=4 June 2024 |access-date=2024-06-04 |website=Supreme Court of the United States}}

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.{{Cite news |last=Hayashi |first=Yuka |date=2 December 2022 |title=Chinese Solar Manufacturers Dodged U.S. Tariffs, Probe Finds |url=https://www.wsj.com/articles/chinese-solar-manufacturers-dodged-u-s-tariffs-probe-finds-11669952820 |url-status=live |archive-url=https://web.archive.org/web/20221203000714/https://www.wsj.com/articles/chinese-solar-manufacturers-dodged-u-s-tariffs-probe-finds-11669952820 |archive-date=3 December 2022 |access-date=3 December 2022 |work=The Wall Street Journal}} In August 2023, the U.S. Department of Commerce issued final determination on BYD, determining they circumvented tariffs.{{cite web |title=DOC Issues |url=https://www.morganlewis.com/pubs/2023/09/doc-issues-final-decision-in-auxin-solar-case-on-certain-cells-and-modules-from-southeast-asia |url-status=live |archive-url=https://web.archive.org/web/20240307202944/https://www.morganlewis.com/pubs/2023/09/doc-issues-final-decision-in-auxin-solar-case-on-certain-cells-and-modules-from-southeast-asia |archive-date=7 March 2024 |access-date=7 March 2024 |website=Morgan Lewis}}

The National Defense Authorization Act for Fiscal Year 2024 proposed the prohibition of US defense funding for BYD batteries on security grounds.{{Cite news |last1=Singh |first1=Kanishka |date=7 December 2023 |title=Key provisions of the US Congress' massive defense bill |url=https://www.reuters.com/world/us/key-provisions-us-congress-massive-defense-bill-2023-12-07/ |url-status=live |archive-url=https://web.archive.org/web/20231207203215/https://www.reuters.com/world/us/key-provisions-us-congress-massive-defense-bill-2023-12-07/ |archive-date=7 December 2023 |access-date=7 December 2023 |work=Reuters |language=en}}{{Cite news |date=19 January 2024 |title=US to Ban Pentagon Battery Purchases From China's CATL, BYD |url=https://www.bloomberg.com/news/articles/2024-01-19/us-will-ban-pentagon-procuring-batteries-from-china-s-catl-byd |url-status=live |archive-url=https://web.archive.org/web/20240119173522/https://www.bloomberg.com/news/articles/2024-01-19/us-will-ban-pentagon-procuring-batteries-from-china-s-catl-byd |archive-date=19 January 2024 |access-date=20 January 2024 |work=Bloomberg News}}

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