BYD(比亚迪)

Fast facts

Year Founded: 1995

HQ Location: Shenzhen, Guangdong, China

Publicly Traded?: Yes
Overseas Operations: Yes
US Sanctions: No
Military Affiliation in China: No

Revenue

USD 33.2 B

*Revenue was last reported in the 2021 Annual Report.

Valuation

USD 111.2 B

*Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:49:47.

Employees

288,200

This is the profile for a publicly listed company known as BYD Company Limited. For the profile of the operating company associated with, but distinct from this company, click here: BYD Auto.

Founded in 1995, BYD (“Build Your Dreams”) began as a rechargeable battery business serving the IT sector. BYD pivoted to make cars, and currently engages in the new energy automobile business, handset components, and assembly services, as well as rechargeable batteries and photovoltaics.

BYD has also actively expanded its business into the urban rail transportation business segment. It has independently developed the world’s first autonomous, “SkyShuttle”, which is put into operation in the Bishan District of Chongqing.

In 2002, BYD listed in Hong Kong. In 2011, it listed in Shenzhen.

Wáng Chuánfú (王传福), Chairman, Executive Director & President
Lǚ Xiàngyáng (吕向阳), Vice Chairman & Non-Executive Director
Xià Zuǒquán (夏佐全), Non-Executive Director
Zhāng Mǐn (张敏), Independent Non-Executive Director
Cài Hóngpíng (蔡洪平), Independent Non-Executive Director
Jiǎng Yánbō (蒋岩波), Independent Non-Executive Director

BYD currently has 30 industrial parks and production bases 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. The overseas market makes up 30.24% of BYD's total revenue.

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 accused BYD profiting off forced Uyghur labor in its supply chain and being an “arm of China’s military and government”. According to the 2019 filling, its main shareholder Lǚ Xiàngyáng 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 denied these allegations and filed a federal defamation lawsuit in 2020.

The latest news on BYD from SupChina

Business & Technology

Car sales tanked last month, but CATL and BYD can’t get enough lithium

CATL and BYD are dominant players in China’s electric vehicle and battery industries, but their success depends on careful supply chain management and continued access to lithium, most of which does not come from China.

May 10, 2022 Source: SupChina

The latest news on BYD from across the web

BYD cuts into Tesla's lead in global EV sales, reaching No. 2

Hyundai also gained ground in first half as U.S. drivers went electric

August 6, 2022 Source: Nikkei Asia

BYD to Participate in 2022 Paris Motor Show - Pandaily

Chinese electric vehicle and battery firm BYD announced on July 27 that it will participate in the 2022 Paris Motor Show in October, where it will launch new energy passenger cars in Europe to be sold and delivered in Q4 of this year.

August 6, 2022 Source: Pandaily

Leaked Photos Show BYD Sea Lion EV Road Tests - Pandaily

The BYD Sea Lion model is a pure electric medium-sized SUV, and its road test leaked photo surfaced on July 28.

August 6, 2022 Source: Pandaily

BYD to present new passenger vehicles at Paris Motor Show 2022 · TechNode

BYD announced on Wednesday that it will showcase its new electric passenger vehicles at the Paris Motor Show 2022 in October, as the Chinese auto giant

August 6, 2022 Source: TechNode

Carmaker BYD to recall more Tang DM hybrids in China over battery faults -regulator

Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the country's market regulator said.

August 6, 2022 Source: Reuters

BYD Launches Seal Model, Starting at $31113 - Pandaily

On July 29, Chinese electric vehicle maker BYD held an online conference and announced the details of its newest vehicle, Seal. Delivery will start in August and the vehicle will range in price from 209,800 yuan to 286,800 yuan ($31,113 - $42,532).

August 6, 2022 Source: Pandaily

Carmaker BYD to recall more Tang DM hybrids in China over battery faults

Chinese carmaker BYD Co Ltd is recalling more Tang DM vehicles due to faults with the battery pack trays which pose water inflow risks, the country's market regulator said.

August 6, 2022 Source: Reuters

BYD Enters German and Swedish Markets - Pandaily

On August 1, BYD announced its cooperation with Hedin Mobility, a leading dealer group in Europe, to provide high-quality new energy vehicles for Sweden and Germany.

August 6, 2022 Source: Pandaily

BYD Recalls Over 50,000 Hot-Selling Units - Pandaily

NEV developer BYD has decided from July 29 to recall some Tang DM electric vehicles produced between April 5, 2021, and April 18, 2022, totaling 52,928 units.

August 6, 2022 Source: Pandaily

BYD to begin deliveries of its new Seal electric sedan in September · TechNode

BYD announced Friday that it will kick off deliveries of Seal, the company’s sports electric sedan, next month. The new model comes with a price tag close

August 6, 2022 Source: TechNode

BYD To Begin Selling Cars In Germany & Sweden

BYD is making plans to expand its presence in Europe by being part of the Paris auto show and ordering new car-carrying ships.

August 6, 2022 Source: CleanTechnica

BYD to Open 270 Denza Brand Stores in China by Year’s End

August 6, 2022 Source: www.yicaiglobal.com

BYD exports first batch of Atto 3 SUVs to Australia in boost to global ambitions

BYD, the Chinese carmaker that recently overtook Tesla’s as the world’s largest EV maker, has boosted its go-global ambitions by sending its first shipment of 1,000 Atto 3 SUVs to Australia.

August 6, 2022 Source: South China Morning Post

BYD looks to European dealer giant for help entering Germany, Sweden · TechNode

BYD announced on Monday that it has formed a partnership with Hedin Mobility Group, one of the largest automotive retailers in Europe, to sell vehicles in

August 6, 2022 Source: TechNode

BYD records over 162,000 deliveries in July · TechNode

BYD continued its strong growth in the Chinese EV market, delivering 162,530 vehicles in July, rising 222% from last year and 21.2% from last month,

August 6, 2022 Source: TechNode

BYD Electronics Obtains License for E-Cigarette Processing - Pandaily

On August 4, BYD Electronics announced that its wholly-owned subsidiary BYD Precision Manufacturing has obtained a tobacco production enterprise license issued by China's State Tobacco Monopoly Administration.

August 6, 2022 Source: Pandaily

China’s BYD Electronic Soars as Unit Gets License to Make E-Cigarettes

August 6, 2022 Source: www.yicaiglobal.com

Warren Buffett-Backed Chinese Car Maker BYD Zooms Past Rivals

The Shenzhen-based company saw sales of electric vehicles and hybrids skyrocket as rivals such as Tesla suffered plant shutdowns elsewhere.

July 26, 2022 Source: WSJ

BYD Launches Yuan Plus Electric SUV in Costa Rica - Pandaily

Shenzhen-based automaker BYD announced on July 22 that its first A-class electric SUV based on the firm's e-platform 3.0 architecture, known as the Yuan Plus in the domestic market, was recently launched in San Jose, Costa Rica.

July 26, 2022 Source: Pandaily

BYD, Leapmotor consider buying Stellantis’s joint plant in China: report · TechNode

Chinese automakers BYD and Leapmotor are considering bidding for a car plant in the central city of Changsha put up for sale by GAC FCA, a joint venture

July 26, 2022 Source: TechNode

BYD, ZTE, Other Chinese Tech Giants Are Told to Form Factory Bubbles in Shenzhen to Curb New Wave

July 26, 2022 Source: www.yicaiglobal.com

BYD enters Japan market with trio of EV models - Atto 3 on sale from January; Dolphin, Seal from mid-2023 - paultan.org

Chinese manufacturer BYD announced its entry into the Japanese market with three models – the Atto 3, the Dolphin and the Seal. The Atto 3 is expected to be made available for purchase in Japan […]

July 26, 2022 Source: Paul Tan's Automotive News

BYD asks Shenzhen workers to live in "closed-loop" · TechNode

BYD and other manufacturers are asking workers in Shenzhen to live and work in the workplace to cope with new Covid cases in the city.

July 26, 2022 Source: TechNode

China's BYD launches 3 electric car models in Japan

Automaker hopes to lead in low- and midpriced segments

July 22, 2022 Source: Nikkei Asia

BYD Announces Entry into Japanese Passenger Car Market - Pandaily

On July 21, BYD JAPAN Co., Ltd., a branch of Chinese new energy vehicle company BYD, held a launch conference in Tokyo wherein it announced its official entry into the Japanese passenger car market.

July 22, 2022 Source: Pandaily

Warren Buffett’s Silence on BYD Fuels Trader Theories on His Next Move

What is Warren Buffett doing with Berkshire Hathaway Inc.’s $8 billion stake in BYD Co.?

July 22, 2022 Source: Bloomberg.com

BYD Makes First Foray Into Japan Passenger Car Market With Three EV Models

Deliveries by Warren Buffett-backed automaker will begin in 2023

July 22, 2022 Source: Forbes

BYD Hits the Japanese Passenger Vehicle Market with Three EV Models - Benzinga

On July 21, BYD JAPAN Inc., a branch of BYD Company Limited in Japan, held a brand conference in Tokyo, marking BYD's official entry into the passenger vehicle market in Japan. Three BYD models debuted at the

July 22, 2022 Source: Benzinga

BYD boosts presence in Japan, will sell three passenger EVs from 2023 · TechNode

Chinese electric vehicle maker BYD announced on Thursday that it will roll-out passenger cars for the Japanese market within the coming months, with its

July 22, 2022 Source: TechNode

Brazilian ride-hailer 99 to electrify its cars with China’s BYD · TechNode

Brazilian ride-hailing company 99 revealed on Tuesday that it plans to begin testing electric vehicles tailor-made by Chinese automaker BYD for

July 14, 2022 Source: TechNode

Chinese electric car company BYD slides on speculation Buffett is reducing stake

BYD Co shares sank nearly 12% on Tuesday after a large stake matching the size of Berkshire Hathaway Inc's investment in the Chinese electric car company appeared in Hong Kong's clearing system.

July 13, 2022 Source: Reuters

BYD stock falls amid reports of Warren Buffett sell-off · TechNode

On Tuesday BYD responded to recent speculation that its major shareholder Warren Buffett is set to sell his huge stake in the Chinese electric vehicle

July 13, 2022 Source: TechNode

Brazilian Ride-Hailing App 99 to Cooperate With BYD in EV Testing - Pandaily

Brazilian ride-hailing app 99 said it has signed an agreement with Chinese automaker BYD to start testing an electric car developed for its drivers.

July 13, 2022 Source: Pandaily

Volkswagen Takes on Tesla and Chinese Rivals BYD, NIO - TheStreet

The German automaker seeks to attract Chinese consumers.

July 12, 2022 Source: TheStreet

As China bulls return, green stocks like CATL and BYD are red hot again

As Chinese equities approach bull-market territory, green energy stocks such as electric vehicle (EV) producers are enjoying a revival of sorts, with investors betting on shares with growth potential.

July 12, 2022 Source: South China Morning Post

BYD Denies Warren Buffett's Share Reduction - Pandaily

225 million shares of Warren Buffett-backed Chinese EV firm BYD were transferred to Citibank on July 11. Market insiders speculated from the transfer scale that these shares come from Buffett's Berkshire Hathaway, an American multinational conglomerate.

July 12, 2022 Source: Pandaily

Alibaba, BYD lead Hong Kong stock losses as Covid, tech fines hurt optimism

Stocks slip as new coronavirus cases and tech crackdown deliver new shocks to the market, just as investors are slowly turning more optimistic on the outlook.

July 12, 2022 Source: South China Morning Post

BYD Launches New ATTO 3 SUV in Singapore - Pandaily

BYD's ATTO 3, the first A-class high-performance SUV built on the firm's e-platform 3.0, was launched in Singapore on July 8, making its debut among ASEAN countries.

July 11, 2022 Source: Pandaily

BYD Surpasses Tesla to Rank Top in Global EV Sales in H1 - Pandaily

Chinese EV maker BYD sold 641,400 new energy vehicles in the first half of 2022, up 315% year-on-year. BYD continues to maintain its leading position in the domestic EV market, and has surpassed Tesla to become the leading EV company by sales.

July 7, 2022 Source: Pandaily

BYD beats all-time sales record in June, eyes annual target of 1.5 million vehicles · TechNode

BYD reported on Friday that it sold 134,036 new energy vehicles in June, a 314.9% increase from a year earlier and a record-breaking figure despite

July 7, 2022 Source: TechNode

UK drivers hesitant to switch to less-known EV brands as China's BYD overtakes Tesla sales

UK DRIVERS are hesitant to switch to some lesser-known electric vehicle manufacturers, preferring to stay with established automakers, according to new data.

July 7, 2022 Source: Express.co.uk

China's Warren Buffett-backed BYD has dethroned Tesla as the world's largest electric vehicle maker, selling 77,000 more cars so far in 2022

Elon Musk's Tesla was hit by production issues in China amid a lockdown in Shanghai, which forced the company's Gigafactory to close for 22 days.

July 7, 2022 Source: Business Insider

Warren Buffett-backed electric car company BYD reported cumulative sales of 509,838 new energy vehicles from January to November, a year-on-year increase of 216.97%.

December 3, 2021 Source: www1.hkexnews.hk

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Fast facts

Revenue

Valuation

Employees

BYD Sanctions

BYD Reputational Disclosures

The latest news on BYD from SupChina

The latest news on BYD from across the web

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