BYD Company

BYD Company
BYD Company
Simplified Chinese	比亚迪股份有限公司
Traditional Chinese	比亞迪股份有限公司
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Bǐyàdí Gǔfēn Yǒuxiàn Gōngsī
Yue: Cantonese
Jyutping	bei2 aa3 dik6 gu2 fan6*2 jau5 haan6 gung1 si1

BYD Company Limited
	Logo used since 2022
	Headquarters in Pingshan District, Shenzhen, Guangdong, China
Formerly	Shenzhen BYD Battery Company Limited (1995–2002)
Company type	Public
Traded as	SEHK: 1211; SZSE: 002594; CSI A50
Industry	Conglomerate
Founded	10 February 1995
Founder	Wang Chuanfu; Lu Xiangyang;
Headquarters	Shenzhen, Guangdong, China
Area served	Worldwide
Key people	Wang Chuanfu (chairman, CEO)
Products	Automobiles; automotive components; forklifts; rechargeable batteries; photovoltaic systems; handsets; handset components; semiconductors; monorail systems and cars;
Production output	4.30 million vehicles (2024); 155.7 GWh electric vehicle batteries (2024);
Revenue	CN¥777.1 billion US$108.250 billion (2024)
Operating income	CN¥38.1 billion US$5.391 billion (2023)
Net income	CN¥40.25 billion US$5.607 billion (2024)
Total assets	CN¥783.36 billion US$109.122 billion (2024)
Total equity	CN¥185 billion US$25.771 billion (2024)
Owners	Wang Chuanfu (17.6%); Lu Xiangyang (13.5%); Berkshire Hathaway (<5%); Youngy Investment (5.3%); Xia Zuoquan (2.8%); BlackRock (2.5%);
Number of employees	968,900 (December 2024)
Subsidiaries	BYD Auto; BYD Electronics (65.76%); BYD Semiconductor; BYD Transit Solutions; FinDreams;
Website	bydglobal.com
	Footnotes / references;

BYD Company Limited or BYD (Chinese: 比亚迪; pinyin: Bǐyàdí) is a Chinese multinational manufacturing conglomerate headquartered in Shenzhen, Guangdong, China. It is a vertically integrated company with several major subsidiaries, including BYD Auto which produces automobiles, BYD Electronics which produces electronic parts and assembly, and FinDreams, a brand name of multiple companies that produce automotive components and electric vehicle batteries.

BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. Its largest subsidiary, BYD Auto, was established in 2003 and has since become the world's largest manufacturer of plug-in electric vehicles. Since 2009, BYD's automotive business has accounted for over 50% of its revenue, surpassing 80% by 2023. The company also produces rechargeable batteries (including handset batteries, electric vehicle batteries, and energy storage systems), forklifts, solar panels, semiconductors, and rail transit systems. Through its subsidiary, FinDreams Battery, BYD was the world's second-largest electric vehicle battery producer in 2024, holding a 17% market share, behind only CATL.

Since 2022, BYD has been China's largest private-sector employer, ranking behind several state-owned enterprises. As of September 2024, the company employs 900,608 people, including 104,003 in research and development (R&D). It also leads in patent filings, having submitted over 13,000 patents between 2003 and 2023. BYD's stock is listed on the Hong Kong Stock Exchange (H shares) and the Shenzhen Stock Exchange (A shares). The company ranked 143rd on the Fortune Global 500 in 2024.