BYD (比亚迪)
Fast facts
- Year Founded
- 1995
Source: BYD Website en.byd.com/bus/bus-byd-motors/
- HQ Location
- Shenzhen, Guangdong, China
- Publicly Traded?
- Yes
Source: Hong Kong Stock Exchange www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote
- Overseas Operations
- Yes
BYD currently has 33 overseas locations across North America, South America, and Europe. The firm expanded its American footprint during 2020, opening service hubs in New Jersey, Indiana, Hawaii, and California.Source: BYD USA Website en.byd.com/bus/bus-byd-motors/
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Valuation
Valuation is reported as enterprise value. Conversion to USD based on 11/11/2021 exchange rates.Source: Yahoo Finance finance.yahoo.com/quote/1211.HK/key-statistics
Employees
Source: BYD Auto Corporate Social Responsibility Report 2019 en.byd.com/wp-content/uploads/2020/10/document.pdf
BYD Auto, or Build Your Dreams (比亚迪 bǐyàdí), is the EV subsidiary of Chinese multinational BYD Company. Founded in 1995 with headquarters in Shenzhen and downtown Los Angeles, BYD began as a rechargeable battery business in the IT sector before branching into handset electronics, and then automobiles, including EVs. The company is now moving into other businesses, including renewable energy power plants, LEDs, and urban rail transit systems.
In the span of a decade, BYD became the largest Chinese battery manufacturer, capturing half the world’s mobile-phone battery market. Its EV unit was born in 2002 from an acquisition of Tsinchuan Automobile, then the sixth-largest car manufacturer in China by sales volume. Aside from its own EVs, BYD also supplies other EV manufacturers, including state-owned FAW Group.
Warren Buffett’s Berkshire Hathaway owns 8% of BYD. In April 2020, BYD and Toyota Motors announced a joint partnership in a new company — BYD Toyota EV Technology — that will research and manufacture EVs for the Chinese market.
BYD currently has 33 overseas locations across North America, South America, and Europe. The firm expanded its American footprint during 2020, opening service hubs in New Jersey, Indiana, Hawaii, and California.
Source: BYD USA Website en.byd.com/bus/bus-byd-motors/
BYD Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
BYD Reputational Disclosures
In 2019, a DC-based lobbying group alliance for American Manufacturing has accused BYD profiting off forced Uighur labor in its supply chain and an “arm of China’s military and government”. According to the 2019 filling, its main shareholder Lu Xiangyang has also been linked to at least three companies with operations in Xinjiang. He is identified as the director of Xinjiang Tianhai Tenghui Technology Holding Co., Ltd., a company that has been designated by Chinese courts as “in serious violation of the law,” a blanket designation that suggests it has been reprimanded for abnormal business practices several times.
BYD has denied these false allegations and filed a federal defamation lawsuit in 2020.
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The latest news on BYD from across the web
比亚迪半导体新款功率器件驱动芯片自主研发告成！12月实现批量供货
A new chip from BYD, China’s oldest electric car maker, is set to go into production and will replace “driver chips” that are currently imported.
BYD Chairman Predicts Rapid Shift to NEVs in China
More than one in three cars sold next year in China could be electric or another type of new energy vehicle (NEV), according to Wáng Chuánfú 王传福, the founding chairman of BYD. Some 3.3 million NEVs could be sold in China this year, Wang said, adding that the market penetration of NEVs in China is rising faster than in other markets — more than tripling from 6% to 20% so far this year, and potentially topping 35% next year.
BYD Was China’s Best Selling Electric Car Brand in October But Bus Sales Plunged
BYD Auto was China’s best-selling EV brand in October, with sales growing some 350% year-on-year to 80,000 — nearly 60% more than second-place Tesla’s China sales last month.
China Has ‘Too Many’ Electric Carmakers; M&A to be Encouraged
China has vowed to consolidate the country’s electric vehicle industry after a decade-long nurturing of the sector led to the emergence of too many players, some of which are barely viable.
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China Regulator Halts 42 IPOs on Probe of Broker, Law Firm
China’s market regulator halted 42 initial public offerings in Shanghai and Shenzhen after starting a probe into an investment bank, a law firm and other parties involved in the deals.
BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
The Shenzhen Stock Exchange said it’s suspended reviewing a share-sale application by BYD Co.’s chip unit following a regulatory probe of an adviser to the proposed initial public offering.
China’s Corporate Intervention Drives Investors to Industries Beijing Supports
The government corporate intervention in China that has hammered internet stocks is driving investors to sectors still in Beijing’s good graces.
Tech Stocks Fuel Hong Kong Reprieve Rally as China Money Returns
The return of Chinese investors and bargain hunters in tech stocks is giving Hong Kong’s equities market a reprieve from weeks of relentless selling.
BYD Fleshes Out Plans to Sell Electric Cars in Norway
The EV-friendly Scandinavian kingdom is seen by many Chinese carmakers as the gateway to the EU market
BYD Spins Off Electric-Car Battery Company With Eye on Future Listing
FinDreams says its client list is growing as it looks to emerge from the shadow of its automaker parent
BYD COMPANY LIMITED (BYDDF) Stock Price, News, Quote & History - Yahoo Finance
Find the latest BYD COMPANY LIMITED (BYDDF) stock quote, history, news and other vital information to help you with your stock trading and investing.
BYD Wins the Largest Pure-Electric Bus Order outside of China
BYD is proud to announce that it has exclusively won cumulative orders to supply 1,002-unit pure-electric buses to the capital of Colombia, Bogotá. Th
New-Energy Vehicle Resurgence Turbocharges BYD Profits
China’s electric vehicle sales rebounded 67.7% year-on-year in September
China's BYD Rushes to Secure Lithium for Electric Vehicle Batteries
Chinese auto and battery maker BYD Co. has been actively purchasing lithium in an effort to secure a key ingredient of batteries that power electric cars and...
BYD Raises Extra $113 Million To Boost Semiconductor Unit Output
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Chinese electric carmaker says it hopes to obtain certification by late May or early June
Carmaker BYD to Repay California $247 Million for Missing Medical Supply Deadline
Electric-car manufacturer failed to get its N95 respirators certified to the agreed standard in time
As Its New Energy Car Sales Slump, BYD Finds Profits in Face Masks
Company backed by billionaire investor Warren Buffett could earn $1.4 billion from mask sales this year after starting production in late January
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DRC Take Note: China's BYD Says It'll No Longer Used Cobalt in Its Electric Vehicles - The China Africa Project
Shenzhen-based electric vehicle giant BYD (aka Build Your Dreams), the world's second-largest EV-maker, recently made a stunning announcement that it will no longer use cobalt in any of its vehicles. Instead, the company is going all-in on LFP (lithium-iron-phosphate) batteries in place of NCM (nickel, cobalt, manganese) across its entire ...
BYD to start selling in-vehicle batteries to other companies
Chinese EV maker to supply lithium ion batteries as early as second half of 2021
Buffett-backed Chinese EV maker BYD profit up 162% in 2020
Chinese electric vehicle maker BYD Co Ltd,, which is backed by billionaire Warren Buffett, on Monday reported a 162% growth in 2020 net profit as it became a major mask maker amid the COVID-19 pandemic.
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Chinese electric vehicle maker BYD's profit slumps after subsidy cuts
Chinese electric vehicle maker BYD Co Ltd , reported on Tuesday a 42% drop in 2019 profit, saying cuts in government subsidies and emissions rules changes had hit demand in the sector.
BYD is supplying Softbank with 300 million masks a month for Japan
China's largest EV maker, BYD says it is the world's biggest mask producer, underscoring the country's strength as a manufacturing powerhouse.
BYD electric bus deal one of the biggest for US · TechNode
Chinese EV giant BYD said the deal with Los Angeles could reduce greenhouse gas emissions by 81% compared to the city’s natural gas buses.
Electric-Car Stocks Rise as China Eases Subsidy-Cut Concerns
Shares of electric-vehicle makers including Tesla Inc. and Warren Buffett-backed BYD Co. jumped after the government signaled it won’t continue reducing subsidies for the industry at the same pace this year.
Battery Giants Hit By Slump in China’s Electric Vehicle Market
CATL and BYD Co. saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector.
BYD Earnings Drop 89% as China’s Electric-Car Market Goes Sour
BYD Co., China’s biggest maker of new energy vehicles, reported a 89% slump in quarterly net income as slowing demand in the world’s largest car market continues to erode its bottom line.
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BYD breaks ground on new 20 GWh battery gigafactory for electric cars - Electrek
BYD wants to support its ambitious electric vehicle plans in China with a new battery gigafactory that will be able to produce 20 GWh of battery cells for its electric vehicles. The Chinese electric vehicle company is investing 10 billion yuan (~$1.49 billion USD) in the facility located in southwest China’s Chongqing Municipality. They announced […]
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Cool heads must prevail on driverless cars says BYD intelligent auto exec · TechNode
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Quartz is a guide to the new global economy for people in business who are excited by change. We cover business, economics, markets, finance, technology, science, design, and fashion.
In a Change of Mind, China to Retain Local EV Subsidies
China’s government is leaning toward allowing provinces continue with local subsidies for electric vehicles to sustain the rising demand for new-energy automobiles in the country, according to people familiar with the matter.
BYD to Introduce China's First Electric Car
Chinese auto maker will unveil the country's first home-grown electric vehicle, as China considers favorable policies to encourage use of low-emission cars.
