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BYD 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.
As of 2023, BYD Auto vehicles are sold in over 70 countries. [120] BYD aimed to sell 500,000 vehicles overseas in 2024, more than double the 2023 total, and one million units in 2025. [121] According to Stella Li, the executive vice president of BYD, the company is aiming to deliver 50% of its production output outside its home market. [122]
The BYD brand distinguishes their passenger car line-up under three "series", namely the Dynasty series (started by the BYD Qin in 2012), a line of higher-end vehicles with "dragon-inspired" designs aimed at the traditional mass markets; [2] [3] the Ocean series (started by the BYD Dolphin in 2021), a line of "ocean-themed" vehicles based on new aesthetic designs by Wolfgang Egger and the ...
Led by established brands like BYD, SAIC, and Chery, they are assembling cars in-country either to gain incentives or avoid tariffs. "Affordability is a universal value proposition." Bill Russo ...
BYD is chasing down Tesla on EV sales, but the Chinese giant is much more than just a car company. As well as cheap EVs, BYD also makes batteries, buses, trains and even some iPhones and iPads ...
China's top electric vehicle maker BYD gained market share as the world's largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and ...
Fangchengbao (Chinese: 方程豹; lit. 'formula leopard'), also spelled Fang Cheng Bao is a Chinese luxury electric car brand owned by BYD Auto and marketed by Shenzhen Fangchengbao Auto Sales Co., Ltd. BYD also owns trademarks for an English-language variant, Formula Bao. [1]
BYD sold 1.57 million battery EVs last year, up from just 130,970 all-electric vehicles in 2020. That sales growth was enough to surpass Tesla to become the world’s largest producer of electric ...