 | |
| Company type | Subsidiary |
|---|---|
| Industry | Automotive |
| Predecessor | Xi'an Qinchuan Automobile Co., Ltd. |
| Founded | 22 January 2003; 22 years ago (2003-01-22) |
| Founder | Wang Chuanfu |
| Headquarters |
|
Area served | Worldwide |
Key people | Wang Chuanfu (founder and CEO) Stella Li (executive vice president)[1] Wolfgang Egger (design director) |
| Products | Automobiles |
Production output |  4,304,073 vehicles (2024) |
| Brands |
|
| Services | |
| Revenue | CN¥617.1 billion (2024) |
| Parent | BYD Company (99%) |
| Chinese name | |
| Simplified Chinese | 比亚迪汽车有限公司 |
| Traditional Chinese | 比亞迪汽車有限公司 |
| Hanyu Pinyin | Bǐyàdí Qìchē Yǒuxiàn Gōngsī |
| Website |
|
| Footnotes / references [3][4][5][6][7][8][9] | |
BYD Auto Co., Ltd. (Chinese:比亚迪汽车;pinyin:Bǐyàdí Qìchē) is theautomotive subsidiary ofBYD Company, apublicly listed Chinese multinationalmanufacturing company. It manufactures passengerbattery electric vehicles (BEVs) andplug-in hybrid electric vehicles (PHEVs)—collectively known asnew energy vehicles (NEVs) in China—along withelectric buses andelectric trucks. The company sells its vehicles under its main BYD brand as well as its high-end brands, which areDenza,Fangchengbao andYangwang.[10]
BYD Auto was established in January 2003 as a subsidiary of BYD Company, a battery manufacturer, following the acquisition and restructuring of Xi'an Qinchuan Automobile. The first car designed by BYD, the petrol enginedBYD F3, began production in 2005. In 2008, BYD launched its first plug-in hybrid electric vehicle, theBYD F3DM, followed by theBYD e6, its first battery electric vehicle, in 2009.
Since 2020, BYD Auto has experienced substantial sales growth that is driven by the increasing market share of new energy vehicles in China. The company has expanded into overseas markets from 2021, mainly to Europe, Southeast Asia, Oceania and the Americas. In 2022, BYD ended production of purelyinternal combustion engined vehicles to focus on new energy vehicles.
The company is characterised by its extensivevertical integration, leveraging BYD group's expertise in producing batteries and other related components such aselectric motors andelectronic controls. Most components used in BYD vehicles are claimed to be produced in-house within the group. As of 2024[update], BYD'sbattery subsidiaryFinDreams Battery is the world's second largest producer ofelectric vehicle batteries behindCATL.[11] It specialises inlithium iron phosphate (LFP) batteries, including BYD's proprietaryBlade battery.
BYD is the best-selling car brand in China since 2023, after surpassingVolkswagen, which had held the title since theliberalisation of theChinese automotive industry.[12] In 2024, nearly 90 percent of BYD's sales came from the Chinese market.[13] BYD is also the third most valuable car manufacturer in the world, based onmarket capitalization.[14] The company has faced scrutiny and criticism related to its business practices, including allegations of aggressive price reductions, labor issues at its facilities, and various environmental concerns.
BYD Company was founded in 1995 as a battery manufacturer. In January 2003, BYD Company founderWang Chuanfu founded BYD Auto after acquiring and renaming a dwindling small automotive manufacturing company, Xi'an Qinchuan Automobile, from astate-owneddefense companyNorinco. The company was acquired forHK$269 million in exchange for a 77% stake, shortly after BYD raised HK$1.6 billion on theHong Kong Stock Exchange in July 2002.[15][16][17][18] The acquisition was met with disapproval from shareholders, as the plan was not disclosed in theprospectus.[19] Wang Chuanfu acquired Qinchuan with the intention of developing battery-powered electric vehicles, leveraging BYD's expertise in battery manufacturing.[20][21] As Qinchuan had been manufacturing cars since 1987, the purchase gave BYD access to car manufacturing technology and an automobile production license that was difficult to obtain at that time.[22][23] At the time of the acquisition, Qinchuan was producing a small car called the QCJ7181 Flyer, which BYD renamed toBYD Flyer from 2005. Limited capacity at the former Qinchuan manufacturing plant inXi'an, Shaanxi prompted BYD to construct a new manufacturing plant in the Xi'an Development Zone within the city.[24]
The first car developed by BYD, codenamed 316, was rejected by dealers due to its poor styling and was scrapped before reaching the market, writing offCN¥100 million ofresearch and development (R&D) expenses as a result.[25] Wang Chuanfu personally smashed theprototype to destroy it.[26] The company instead developed theBYD F3 sedan, which entered production on 16 April 2005, with an affordable price tag of CN¥73,000 (approximately US$10,000). Bearing resemblance to theToyota Corolla with a lower price, the F3 quickly gained popularity and became a successful model with over 63,000 units sold that year.[24][25] The 100,000th F3 rolled off the assembly line on June 18, 2007, just 20 months after production began. Following this success, the largerBYD F6 sedan, which was modelled after theHonda Accord, entered production in August 2007.[27][28] Initially, BYD cars are equipped with Chinese-builtMitsubishi Motors older engines, but within a few years, BYD Auto created its own engines by improving Mitsubishi Motors engine blueprints.[19][29][30][31]
During its early years, BYD Auto achieved growth byreverse engineering competitors products and supplier parts, and maintaining strong control over costs. The first mass-produced passenger car from BYD, the BYD F3 is considered "a copycat" of theToyota Corolla.[32] TheBYD F0 small car was described as "a clear copy" of theToyota Aygo,[33] and theBYD S8 has a similar appearance to theMercedes-Benz SL-Class, with features an "almost identical"Mercedes-Benz CLK front-end andRenault Megane CC rear.[34][35] Wang Chuanfu responded by claiming the company only uses "non-patented technologies".[36] In 2009, the US government had been advised by itsconsulate general in Guangzhou, China, that BYD uses an approach of "copying and then modifying car designs." However, according to the consul, BYD had modified the vehicles designs significantly enough to convince Chinese courts that the company has not infringed on patents.[37]
In 2005, BYD Auto contributed 10% to BYD Company's revenue. As its automotive business grew, by 2006, BYD Auto's contribution increased to 25%. In the first half of 2009, BYD Auto accounted for 55% of its parent company total revenue, marking the first time it contributed more than half of the company's earnings.[15] By 2008, BYD Auto owned two vehicle assembly manufacturing plants inXi'an and inShenzhen with a production capacity of 300,000 units per year, an R&D and testing center inShanghai, and amoulding plant inBeijing.[30]
After years of sales growth, widespread withdrawal of BYDdealerships were reported in large Chinese cities during 2010 due to excessively rapid expansion, limited model range, andinternal competition that presented difficulties for dealers. It was exacerbated by BYD's focus on production capacity over quality. BYD responded by adjusting its annual production target from 800,000 to 600,000 vehicles, but fell short, reaching only 517,000 vehicles that year. In the subsequent three years, BYD shifted its attention to resolving concerns related to quality, dealership channels, and brand promotion.[15]
BYD began exploring hybrid and electric vehicles as early as 1997, before acquiring Xi'an Qinchuan Automobile. In that year, Wang Chuanfu, as part of his research into electric vehicles, purchased a BJ6490D, an electric car made byBeijing Second Auto Works that was built off an importedknock-down kit of theHolden Commodore VN station wagon. The BJ6490D was powered bygolf cart batteries, with a range of about 100 km (62 mi) and a top speed of 92 km/h (57 mph). Later, BYD acquired a second BJ6490D, which was subsequently converted into a hybrid vehicle.[38][39]
At the 2004Beijing Auto Show, alongside its petrol-powered concept cars, BYD unveiled the BYD Flyer EF3, an electric sedan. Based on the BYD Flyer, the Flyer EF3 was initially intended for production in 2005, with a focus on serving as a taxi in Shenzhen. However, this plan did not materialise.[40] Two years later at the 2006 Beijing Auto Show, BYD showcased another electric car called the BYD F3e. Based on the BYD F3, the car had anall-electric range of more than 300 km (186 mi), and was planned to be produced within 3 years from 2007. In December 2010, a BYD Auto general manager confirmed that the company had cancelled plans for its production due to the lack of support in charging infrastructure.[41]
In 2006, BYD established the Electric Vehicle Research Institute, an internal entity dedicated for the R&D and trial production of parts for new energy vehicles and the whole vehicle, including battery electric vehicles and plug-in hybrid vehicles.[42]
In 2008, Wang Chuanfu set a goal for the company to become the leader in the Chinese automotive market by 2015, and to become the largest car manufacturer globally by 2025.[42] Wang stated that electric vehicles would serve as BYD's "stepping stone" to skip the development of internal combustion engine vehicles and facilitate the company's entry into international markets, including Europe and North America.[43]
In March 2008, theplug-in hybrid electric version of the BYD F3, theF3DM, was introduced as the world's firstproduction model plug-in hybrid car at theGeneva Motor Show in Switzerland.[44][45] Initially, the F3DM was offered in China as afleet vehicle for governments, banks and other institutions, untilretail sales started in March 2010 when the Chinese government started granting subsidies for new energy vehicles.[46] The vehicle had low sales, with only 100 units sold by 2011.[37]
In January 2009, BYD introduced its first production battery electric vehicle, the e6 at the 2009North American International Auto Show inDetroit.[47] It is powered by a battery pack codenamed "Fe", which provides a claimed electric range of 400 km (249 mi).[48] While plans to sell the vehicle to the general public in the US were shelved, the company sold the e6 in the US as afleet vehicle in a limited number.[49][50][51]
In May 2009,Volkswagen AG considered forming a partnership with BYD in the area of hybrids and electric vehicles, having signed amemorandum of understanding.[52] Volkswagen withdrew from the partnership after conductingdue diligence.[37]
In July 2009, BYD acquired HunanMidea Coach Company, a bus manufacturer based inHunan, allowing it to manufacture buses and coaches and enter the commercial vehicle market. The plant inChangsha, Hunan, reportedly received a CN¥ 3 billion investment for development.[53] BYD started producingbattery electric buses as part of a pilot scheme initiated by the Chinese government.[54] It signed a deal to supply 1,000BYD K9 electric buses to theHunan Government in China. The buses have a range of 305 km (190 mi) per charge with a top speed of 70 km/h (43 mph), a charging time of six hours and 50% fast charging in 30 minutes.[41]
In 2010, BYD Auto Industry Co., Ltd. and Daimler AG, now known asMercedes-Benz Group AG, formed a 50-50joint venture named Shenzhen BYD Daimler New Technology with a brand namedDenza to focus on research and development of new energy vehicles. The brand showcased a concept car called the Denza EV atAuto China in April 2012.[55] Denza was later restructured in 2021, when BYD took control of the brand by taking a 90% stake in the venture.[54] Mercedes-Benz withdrew entirely from the joint venture in September 2024.[56]
In August 2013, BYD launched the Dynasty Series product line with the introduction of theBYD Qin, a plug-in hybrid electric vehicle variant of the petrol-engineBYD Surui. The Qin was designed to replace theBYD F3DM, an earlier plug-in hybrid model. The Qin quickly became the best-selling plug-in electric vehicle of early 2014.[57][58][59]
In November 2016, the company hiredWolfgang Egger as BYD Auto's head of design. Egger, who built his career atAlfa Romeo,Audi, andSEAT, created his first design for BYD, the Dynasty concept, a concept electric SUV that was displayed at the 2017Shanghai Auto Show and previewed the design of thesecond-generation BYD Tang.[60][61][62]
Before 2020, BYD heavily relied ongovernment subsidies to generate profit from its plug-in hybrid and battery electric vehicles. In 2016, the company received approximatelyUS$1 billion innew energy vehicle subsidies, surpassing its net profit for that year, and accounted for over 20% of BYD's US$5 billion in revenue from new energy vehicle sales that year.[63] Rhodium Group estimates that BYD received approximately US$4.3 billion in state support between 2015 and 2020.[64]
Between 2017 and 2019, BYD faced challenges due to a reduction in government subsidies.[65][66][67][68] This led to a significant slowdown in sales and a sharp decline in net profit over three consecutive years. In 2019, the company's net profit dropped to only CN¥1.6 billion. During this period, Wang Chuanfu stated that the company's primary goal was merely "to survive".[69]
BYD experienced a substantial surge in vehicle sales from 2020 to 2024. The company sold 4,272,145 vehicles globally in 2024, a ten-fold increase compared to the 2020 figure of 427,302 vehicles. The increase was partly attributed to the increasing popularity of new energy vehicles in China, which accounted for 27.5% of vehicle sales in China in 2022, up from 5.8% in 2020.[70][71]
BYD introduced its first vehicle equipped with theBlade battery, theBYD Han large sedan, in early 2020. The Han went on sale in July 2020 with an option of plug-in hybrid electric (Han DM) and battery electric (Han EV) variants.[72] The range-topping variant of the Han EV was claimed to be the fastest electric car in China, while the DM version was the fastest hybrid sedan.[73]
BYD announced its entry to the European passenger car market in May 2020, starting with Norway. The first batch of 100BYD Tang EVs equipped with the Blade battery were sent to Norway in June 2021.[74]
In April 2021, BYD introduced the e-Platform 3.0, a third-generationplatform for battery electric vehicles that integrated and standardised core components along with a new body structure, new electrical architecture, andoperating system.[75] The platform began production starting with theBYD Dolphin and theBYD Yuan Plus that were announced in August 2021.[76][77] It also established the Ocean Series line of products, which consists of models named aftermarine animals.[78]
In December 2021, Daimler AG reduced its stake in its joint venture brand with BYD Auto from 50% to 10%, with BYD Auto controlling 90%. BYD refreshed Denza's line-up with the release of theDenza D9 minivan in 2022, followed by theDenza N7 SUV in 2023.[79]
in March 2022, BYD ended the production of pureinternal combustion engine vehicles.[80]
In January 2023, BYD established its second premium brand calledYangwang by introducing theYangwang U8 plug-in hybrid electric large SUV,[81][82] and theYangwang U9 battery electricsupercar.[83] The company further expanded its brand portfolio by introducing theFangchengbao brand in June 2023, which focuses onoff-road vehicles.[84]
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In April 2023, BYD released its smallest and cheapest battery electric vehicle called theSeagull. It features a 4-seater, 5-door configuration in ahatchback body style, while being priced in a segment dominated by smaller 3-door cars. The car became a sales success in China. On 29 November 2023, BYD produced the 200,000th Seagull after only seven months in the market.[85][86] Due to its low cost of production and its low selling price at below CN¥90,000 or US$12,000, the Seagull has garnered curiosity and praise from international media and industry experts.[87][88][89][90]
While celebrating BYD's 5,000,000th new energy vehicle production in August 2023, Wang Chuanfu called on local Chinese car manufacturers to "unite" to take on foreign manufacturers, responding to the severeprice war in the Chinese market throughout 2023. Wang claims that it is "an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global," and initiated a campaign titled "Together, we are Chinese autos" (Chinese:在一起，才是中国汽车). The call was welcomed by the CEOs ofNio andLi Auto.[91][92]
On 18 November 2024, BYD held an event in Shenzhen to celebrate its 30th anniversary and becoming the first automaker globally to produce 10,000,000 new energy vehicles. The milestone vehicle was aDenza Z9.[93]
In early 2023 and early 2024, BYD introduced the Champion Edition and Honor Edition versions of its models, respectively, featuring price reductions aimed at expanding market share in the Chinese market. The strategy contributed tointensified price war in the market, prompting Chinese authorities to advise BYD to avoid further price reductions. In response, on 10 February 2025, BYD introduced Smart Driving Edition versions across 21 models, featuring enhancedadvanced driver assistance systems (ADAS) marketed asGod's Eye, including city-level NOA (Navigate on Autopilot), with prices starting at 100,000 yuan. The update aims to offer additional features without increasing prices.[94]
In July 2025, BYD recorded its first monthly delivery drop of the year, shipping 341,030 vehicles compared with 377,628 in June, and nearly flat versus the same month in 2024.[95] In the second quarter of 2025, BYD posted its first profit decline in more than three years, with net income down 29.9% year-on-year to 6.4 billion yuan.[96] In September 2025, BYD announced internally and to its suppliers had cut its annual sales target by up to 16% to 4.6 million units, down from the 5.5 million originally guided in March.[97]
BYD Auto's original logo was used between 2003 and 2007. According to the company, the blue and white colours represent the sky and the clouds respectively.[98][99] The logo was criticised due to its resemblance to theBMW roundel.[100][101] It was replaced with the logo used by its parent company upon the introduction of theBYD F1 (renamed to F0 later).[102]
On 1 January 2021, BYD Auto adopted a new brand logo, while other BYD businesses retained the older logo.[103]
On 17 February 2022, the logo of BYD Auto was slightly revised with a narrower width to followgraphic design trends, coinciding with the introduction of the new BYD Company logo.[104]
As the name "BYD" had no particular meaning, BYD Auto started adopting the slogan "Build Your Dreams" since it participated in the 2008North American International Auto Show in the US.[105] In 2017, when the company released thesecond-generation BYD Tang, BYD Auto started placing "Build Your Dreams" badging at the rear of its vehicles, replacing the standard oval BYD logo.[106] The badging was retained until late 2023, when the company announced that the badging would be dropped in favour of the three-letter BYD logo due to widespread criticisms.[107][108]
In December 2016, BYD signed American actorLeonardo DiCaprio as the brand's global brand ambassador for new energy vehicles.[109]
In January 2024, BYD signed a deal withUEFA to be the official partner ofUEFA European Football Championship 2024, replacing Volkswagen as the competition's mobility partner.[110]
In October 2024, BYD announced a global strategic partnership withGame Science's action role-playing gameBlack Myth: Wukong, becoming its exclusive automotive brand partner.[111]
| Rank | Location | Vehicle sales |
|---|---|---|
| 1 |  China | 3,528,545[112] |
| 2 |  Brazil | 76,713[113] |
| 3 |  Mexico | 40,000[114] |
| 4 |  Thailand | 26,981[115] |
| 5 |  Australia | 20,458[116] |
BYD started exporting its cars in 2005 to Russia, when the company introduced the BYD Flyer hatchback at the 2005 Moscow International Motor Show.[117] In 2009, BYD started exporting cars to Africa, South America, and the Middle East. At that time, BYD cars competed on price instead of quality.[118] Since 2021, BYD started expanding its global presence rapidly by prioritizing exports of passenger electric vehicles. Beginning in 2022, BYD has committed to producing right-hand drive versions of several battery electric passenger models for exports toleft-hand traffic countries such as Australia, the UK and Thailand.[119] These include newer models with BYD's third-generation platform (e-Platform 3.0) such as theAtto 3 (the export version of theYuan Plus),Dolphin andSeal.[120] For the Dolphin, the company had also done an extensive reengineering to ensure the small car would achieve the highest ratings inEuro NCAP andAustralasian NCAP testing.[121][122]
Throughout 2023, the company exported over 242,766 passenger new energy vehicles, a year-over-year increase of 334 percent.[3] As of 2023, BYD Auto vehicles are sold in over 70 countries.[123] In 2024, BYD sold 417,204 vehicles overseas.[124] According toStella Li, the executive vice president of BYD, the company is aiming to deliver 50% of its production output outside its home market.[125] However, an automotive analyst fromBloomberg Intelligence China believes that the target is unlikely to be achieved until 2030 or later.[126]
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In May 2020, BYD Auto announced that it would offer passenger vehicles in Europe, starting withNorway. The company chose Norway due to the widespread adoption of electric vehicles in the country. The first product offered there is theBYD Tang.[127] Previous BYD vehicles offered in Europe are mainly commercial vehicles and fleet-oriented vehicles such as theBYD e6, sold in low volumes.[128]
In 2022, BYD Auto began selling its passenger vehicles in more European countries, such asDenmark,Sweden, theNetherlands,Germany,France, andBelgium.[129] In Germany andSweden, the BYD models are sold in cooperation with the Hedin Group.[130] In October 2022, BYD appointed Denzel Group as its distributor inAustria.[130] In March 2023, BYD entered theUnited Kingdom market by introducing the Atto 3.[131] In June 2024, BYD began selling three BEV passenger car models inPoland.[132]
BYD will build its first European passenger car factory inSzeged, Hungary, which will build new energy vehicles with an annual capacity of over 100,000 vehicles. The plan was announced in December 2023.[133][134] It is the first Chinese manufacturer to plan a European factory.[135]
In September 2023, theEuropean Commission announcedEU would launch an anti-subsidy investigation into Chinese electric vehicle manufacturers, including BYD. European Commission presidentUrsula von der Leyen claimed that Chinese electric vehicle prices are kept artificially low by significant state subsidies, that would in effect distort the EU market.[136] BYD Europe managing director, Michael Shu, argued that BYD's competitive price was achieved by higher "management efficiency" and "unique technology" instead of subsidies from the Chinese government.[137] In June 2024, the European Commission completed its investigation, and imposed an additional 17.4%import duty on top of the existing 15% on BYD vehicles imported into theEuropean Union, effective 4 July 2024.[138][139]
BYD vehicles generate significantly higher profitability in Europe than in China, driven by their higher pricing in the European market. Research by the Rhodium Group shows that BYD sells their vehicles in Europe with a 92–112% markup compared to its price in China. As the result, BYD makes approximately €14,300 in profit on eachSeal U EV model sold in the EU, which is an 11-fold increase compared to the €1,300 profit on the same model sold in China.Reuters noted that the BYD Atto 3 is priced at US$19,283 in China and US$42,789 in Germany. Despite the higher price in Germany, it remains competitive with similar electric vehicles there. The price difference can be attributed to the more competitive market conditions in China, while in Europe, BYD is able to position its vehicles at a higher price point. This indicates that despite the tariffs imposed by the EU, BYD is likely able to continue create profit in Europe.[140][141][142]
In April 2025, BYD's EV sales in Europe surpassed that of Tesla, which was the leading seller on the European EV market for several years.[143]
BYD announced plans to invest $1 billion in a factory in Turkey, which is part of a customs union with the EU. The factory will have an annual production capacity of 150,000 vehicles. An agreement between BYD CEO Wang Chuanfu and Turkey'sIndustry and Technology MinisterMehmet Fatih Kacır was signed on 8 July 2024.[144]
BYD entered the Australian market in 2022 through a partnership with EVDirect, a local distributor that is a subsidiary ofASX-listed company MotorCycle Holdings. Both companies signed an agreement in February 2021.[145] The company showcased the firstright-hand drive Atto 3 in August 2022.[146] Its entry into the Australian market was delayed by a month to November 2022 due to compliance issues with the Atto 3, due to the top tetherchild restraint anchor point in the center rear seating position not being in compliance with theAustralian Design Rules.[147] Despite the delay, the Atto 3 became the second-best-selling electric vehicle in Australia in 2022, behind only theTesla Model 3.[148] In 2023, BYD introduced two more models (the Dolphin and the Seal) in Australia, and by the end of the year has sold 12,438 vehicles, making it the second-largest electric vehicle brand in the country.[149] In 2024, the brand introduced two plug-in hybrid vehicles in the country, starting with the Sealion 6 in May, and theShark 6 in October.[150][151]
In May 2025, BYD announced that it will assume direct control of its operations in Australia beginning July 2025, ending EVDirect's role as the brand's local distributor. EVDirect will retain involvement with BYD through a minority shareholding in EVDealer Group, a retail joint venture with Eagers Automotive. The arrangement maintains the current retail and service network, and enables Eagers Automotive to expand BYD's retail presence in Australia.[152]
In 2015, the BYD became the first Chinese manufacturer in Japan to market electric buses. It supplied theK9 large electric bus to bus operatorPrincess Line [ja] inKyoto.[153][154] In 2022, BYD held a 70% market share of electric buses in Japan.[155]
In July 2022, BYD announced that sales of its passenger electric cars in Japan would start in 2023.[156] Sales of the Atto 3 in the country started in February 2023, with its first sales outlet located inYokohama. BYD sells its vehicles in Japan through adealership network instead of direct sales.[157] The Dolphin was added to the local line-up in September 2023. All BYD models in Japan are adapted to local conditions by adopting theCHAdeMO charging standard.[158]
BYD started sales of its passenger electric cars in Hong Kong in September 2022, shortly after it finished developing the right-hand drive Atto 3.[159] On 11 June 2023, three BYD showrooms and a service center in Hong Kong were vandalised. Suspects poured red paint on windows and entrances of the buildings. In one case, a car was rammed into the rolling shutter of the showroom inNew Territories.[160] The incidents were reported to the police, and operations in these premises were halted for a few days.[161] On 23 June 2023, Hong Kong police announced that 13 people were arrested in connection with the incidents.[162]
In June 2024, BYD started sales of the Denza brand in Hong Kong by introducing theD9 EV minivan.[163] It opened its first Denza flagship store inKowloon Bay, which is the first presence of the brand outside mainland China.[164]
In October 2022, BYD began selling passenger electric cars in Thailand through a partnership with local company Rêver Automotive.[165] In 2023, BYD announced plans to construct a new electric vehicle manufacturing plant in theEastern Economic Corridor (EEC) special zone inRayong, Thailand with an annual capacity of 150,000 vehicles. Construction of the plant began in March 2023.[166] The facility was officially opened on 4 July 2024, coinciding with the production of BYD's 8,000,000th new energy vehicle.[167] This plant is BYD's first wholly owned facility outside of China.[168] It handles stamping, painting, welding, final assembly, and car component production, and is set to employ 10,000 workers.[169] The company started selling Denza vehicles in Thailand since November 2024.[170] BYD's Thailand plant started exporting the BYD Dolphin to Europe in August 2025, in a bid to avoid import tariffs imposed to electric vehicles manufactured in China.[171]
BYD entered Malaysia in December 2022 by partnering with local companySime Darby Motors as the distributor.[172] In the Philippines, BYD partnered withAyala Corporation to distribute BYD passenger electric cars in the country since August 2023.[173] BYD will operate an assembly plant in the country in the second half of 2026, located in Tanjong Malim,Perak.[174]
BYD introduced its passenger electric cars in Indonesia in January 2024. According to the Indonesian government, BYD plans to invest US$1.3 billion (Rp 20.3 trillion) to build a manufacturing plant in Indonesia with an annual capacity of 150,000 units.[175] In April 2024, BYD formally announced the location of its Indonesian manufacturing plant, which will be inSubang, West Java. The plant will be operational in early 2026.[176] BYD plans to produce its 15 millionth new energy vehicle in Indonesia.[177] In December 2024, BYD announced plans to increase its investment in the Subang facility by expanding the manufacturing plant area, increasing the projected workforce to 18,000 workers, and advancing the start of operations from early 2026 to late 2025.[178]
BYD entered the Indian automotive sector in 2016 as a battery and bus chassis supplier to Olectra Greenwich Ltd. Its manufacturing operations are based in theSriperumbudur plant, Tamil Nadu. BYD started assembling electric passenger vehicles through asemi-knock down arrangement in low volume in 2022. The models assembled are the fleet-orientede6 since September 2022 and the Atto 3 since November 2022.[179][180][181]
In July 2023, investment plans to produce cars in India were cancelled due to scrutiny from the Indian government, citing security concerns. BYD Auto had previously planned to invest US$1 billion with a local joint venture partner, Megha Engineering, with production targeted to begin in 2025.[182]
BYD entered the Pakistani automotive market in August 2024 with the launch of the Atto 3, Seal, and Sealion 6 models. In addition, BYD has announced plans to establish a car production plant inPort Qasim,Karachi under a joint venture with Mega Motors, a subsidiary ofHub Power Company, Pakistan's largest independent power producer. The facility is projected to be completed in the first half of 2026.[183][184]
BYD entered Uzbekistan in March 2023 by introducing two plug-in hybrid models and one battery electric model.[185] The company established a joint venture with the local company Uzavtosanoat JSC (UzAuto) to assemble plug-in hybrid cars starting in 2024. The plant is located inJizzakh.[186] The first vehicle produced by the facility, aBYD Song Plus DM-i, rolled off the assembly line on 27 June 2024.[187]
BYD's North American headquarters were opened inLos Angeles in 2011.[188] The electric bus plant inLancaster, California became operational in 2014.[189][190] BYD first supplied theLos Angeles Metro Bus system with buses in 2015.
In a February 2024 interview withYahoo! Finance, Stella Li, the executive vice president of BYD and CEO of BYD Americas iterated that BYD is "not planning to come to the US" to sell electric passenger cars, despite planning a manufacturing plant in Mexico, citing politically motivatedtrade barriers against Chinese companies and the slowing rate of growth forelectric car adoption in the US.[191] BYD is one of the top electric bus manufacturers in North America, and has been primarily adopted by the metro transit authorities of Los Angeles and San Francisco.[192]
BYD started selling electric passenger cars in Mexico since 2023. The first models introduced were the Han EV sedan, Tang EV andYuan Plus EV.[193][194] Previously the company has presence in the country selling battery electric buses, trucks and taxis.[195] Reports in February 2024 indicated that BYD is planning to build a manufacturing plant in Mexico. According to Stella Li, the company is not considering any northern state as it targets the local market instead of the US market.[191]
BYD planned to deliver 1,002 electric buses toBogotá, the capital city ofColombia, by mid-2022,[196] after winning a contract for 406 electric buses in January 2021.[197]
In 2022, BYD began selling passenger vehicles in Colombia and Costa Rica.[181]
BYD began operations in El Salvador in September 2024 through a partnership with Energy Motors, launching its first showroom in San Salvador at Centro Comercial Galerías. The company introduced a lineup of electric and plug-in hybrid vehicles, with plans to expand to San Miguel and Santa Ana in 2025.[198]
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In February 2022, BYD Auto began sales of passenger vehicles in Brazil starting with the Tang EV (marketed as the Tan), followed by the Han EV in April 2022.[199][200] Previously, BYD in Brazil had marketed battery electric buses and commercial vehicles.[201]
In July 2023, BYD announced an investment of US$600 million in Brazil to acquire, modernise, and increase the production capacity of a formerFord manufacturing plant inCamaçari, Bahia, to build up to 300,000 cars per year by 2025. The plant will produce the Dolphin, Yuan Plus, and Song Plus DM-i.[202] The construction of this factory was however stopped before Christmas 2024 as the Brazilian Ministry of Work accused the construction company to flout labour laws and hold their workers in "slavery-like conditions".[203]
BYD also plans to build two industrial plants: one for the production of electric bus/truck platforms and another for refininglithium andiron phosphate ores for use in BYD's battery factories in China.[204] In June 2024, BYD announced its goal to sell 350,000 vehicles annually in Brazil by 2028 and to become one of the top 3 car brands in the country.[205]
BYD Auto offers a broad variety of vehicle types, including sedans, hatchbacks,MPVs andSUVs across four different brands. It also producescommercial vehicles such as battery electric buses and coaches in various sizes, and large trucks. The company formerly producedinternal combustion engine (ICE) vehicles until 2022, when the carmaker announced that it would focus on new energy vehicles.[206]
| Best-selling BYD models, 2024[207] | ||
|---|---|---|
| Rank | Model | Global sales |
| 1 | BYD Song Plus / Seal U / Sealion 6 | 511,962 |
| 2 | BYD Seagull / Dolphin Mini | 479,294 |
| 3 | BYD Qin Plus | 443,186 |
| 4 | BYD Yuan Plus / Atto 3 | 309,536 |
| 5 | BYD Qin L DM-i | 284,345 |
| 6 | BYD Song Pro | 280,755 |
| 7 | BYD Destroyer 05 / Chazor / King / Seal 5 | 263,649 |
| 8 | BYD Han | 258,452 |
| 9 | BYD Seal 06 DM-i | 236,495 |
| 10 | BYD Dolphin | 198,320 |
For passenger vehicles for personal use, the BYD brand distinguishes its line-up under three main "series", which are the Dynasty Series (started by theQin in 2012), Ocean Series (started by theDolphin in 2021) and the "e" Series (started by thee6 in 2009).[208] In China, these series are offered through separate dealership chain, namely the Dynasty Network (Chinese:王朝网;pinyin:Wángcháo Wǎng) and the Ocean Network (Chinese:海洋网;pinyin:Hǎiyáng Wǎng) (formerly the e-Network in 2019–2021).[209][210] e Series vehicles are distributed through the Ocean Network.[211]
Dynasty Series vehicles are designed withdragon-inspired elements, and targets older customers. The nameplates used includeXia,Han,Tang,Qin,Song, andYuan.[212][213] Ocean Series vehicles are designed with a concept of "Ocean Aesthetics", using use of elements such as waves and flowing lines, and positioned to appeal to younger customers. Ocean Series vehicles predominantly uses marine animal names such as Seagull, Dolphin,Seal andSealion, except two models that are named afterwarships (e.g.Frigate andDestroyer). BYD started phasing out the warship-named vehicles in 2025, merging both models into the Sealion and Seal nameplate instead.[214]Fleet-oriented vehicles forride-hailing and taxi use are categorised in the "e" series.[211]
BYD passenger vehicles consist ofbattery electric vehicles, denoted by the EV moniker, andplug-in hybrids marketed as DM-i (Dual Mode Intelligent, aplug-in hybrid electric system) and DM-p (performance-oriented Dual Mode withall-wheel drive).[208]
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Fangchengbao (Chinese:方程豹;lit. 'formula leopard'),trademarked in English as Formula Bao[215] is BYD Auto's brand that produces SUVs. BYD positioned the brand with "professional" and "personalised" vehicles, with products coveringoff-road andtrack-focused segments. The brand was announced on 9 June 2023.[216]
On 16 August 2023, Fangchengbao released its first model, theBao 5 plug-in hybrid SUV. It debuted at the Chengdu Auto Show and is based on a Fangchengbao-specific platform called DMO (Dual Mode Off-Road).[217]
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Denza (Chinese:腾势;pinyin:Téngshì) is BYD's firstluxury car brand.[218] It was established in May 2010 as ajoint venture withMercedes-Benz Group (previously Daimler AG).[219] Its first model, theDenza 500 is based on an earlier generation of theMercedes-Benz B-Class.[220] After years of low sales, in 2021 Daimler reduced its share from 50% to 10%, leaving BYD Auto Industry Co., Ltd. as the largest shareholder at 90%.[79] The brand line-up was refreshed with the release of theDenza D9 minivan in 2022, followed by theDenza N7 SUV.[221] In September 2024, Mercedes-Benz withdrew from the joint venture by transferring its remaining 10% stake to BYD, making Denza a wholly owned brand of BYD.[56]
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Yangwang (Chinese:仰望;lit. 'gazing', 'look up') is BYD'sluxury car brand that is positioned in a price range above CN¥1 million (approximately US$140,000) to compete with European luxury brands.[222] The brand was announced on 5 January 2023 at theGuangzhou Auto Show, along with its first model, theU8 off-road plug-in hybrid amphibious SUV, which features BYD's proprietary e4individual wheel drive technology, followed by theU9 battery electricsupercar.[223][83]
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TheBYD e6, first introduced in 2009 as the first battery electric vehicle from BYD, is predominantly marketed as a taxi. It has been used as a taxi in many cities in China, Europe, and other Asian countries, as well as in fleets forride-sharing apps.[224] BYD also offers battery electric panelvans and windowed vans such as theT3/ETP3 andV3, and a plug-in hybrid pickup truck, theBYD Shark.[225][226]
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BYD produces battery electric buses in various forms and sizes, such as single-deck buses,double-deck buses,articulated buses,school buses, and long-distancecoaches.[227][228][229] As of 2023[update], BYD has delivered over 100,000 battery electric buses globally.[230]
In North America, BYD buses are produced in the US at BYD's plant inLancaster, California. As of 2022[update], it is the largest battery-electric bus manufacturer in North America.[189]
BYD is one of the largest battery electric truck manufacturer in the world, with more than 8,000 trucks in service globally as of 2021[update]. It has sold more than 200 battery electric trucks in service across the United States.[231] It producesClass 5, Class 6, Class 7 and Class 8 trucks,refuse trucks,street sweeper trucks,mining trucks, and construction vehicles.[232][233][234]
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The Blade battery is alithium iron phosphate (LFP) battery for electric vehicles designed and manufactured byFinDreams Battery, a subsidiary of BYD Company. It was first used by theBYD Han in 2020.[72] Starting from April 2021, every battery electric vehicle from BYD comes equipped with the Blade battery.[235] The battery is claimed to be thinner and safer than typical electric vehicle batteries, and has been used by other car companies.[236][237] BYD claims that in a penetration test where the battery is impaled with a nail, the Blade battery emitted no smoke or fire after being penetrated, and its surface temperature reached only 30 to 60 °C (86 to 140 °F). In the same test, a three-layeredlithium battery would heat up to over 500 °C (932 °F) and subsequently catch fire.[238]
The BYD DM (dual mode)hybrid technology was first introduced in 2008 on vehicles such as theBYD F3DM andBYD M3 DM. It consists of a conventional internal combustion engine and transmission as well as an electric motor and batteries.[239] The first generation DM system is considered aseries-parallel drivetrain. It uses anE-CVT, which is a power unit integrating a drive motor, agenerator and a reducer, and does not have a multi-speed transmission in the traditional sense. The petrol engine drives the generator to charge the battery and power the electric motor, and is able to supply power to the wheels.[240]
In 2013, BYD launched the second-generation DM technology (also called DM2.0). This system is more performance-oriented, and consists of awater-cooled electric motor with a six-speeddual-clutch transmission (DCT) ("P3") and a 1.5-litreturbocharged four-cylinderdirect injection petrol engine to form aparallel hybrid drivetrain. It has three driving modes, which are EV, HEV and ICE.[240] This technology was used by the first generations of theBYD Qin,BYD Song,BYD Tang and other models. BYD also offered an all-wheel drive version by adding a drive motor ("P4") to the rear axle.[241] The third-generation DM system (also called DM3.0) brought improved performance and smoother shifting by adding abelt-driven starter generator (BSG).[240]
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In 2021, BYD introduced the DM-i and DM-p systems that replaced the outgoing DM systems.[241] The first models that uses the DM-i system are the Qin Plus DM-i, Song Plus DM-i and Tang DM-i, all released in February 2021.[242] The DM-i was developed for efficiency-orientedfront-wheel drive models, while the DM-p is adopted for performance-orientedall-wheel drive models. These systems adoptsseries-parallelplug-in hybrid technology with a dedicated hybrid transmission (DHT),[243] consisting of a high-efficiency petrol engine marketed as Xiaoyun (which can power anelectric generator) and a mainelectric motor (which can be powered by batteries and/or an electric generator). The Xiaoyun engine uses theAtkinson cycle, has an ultra-highcompression ratio (CR) of 15.5, and has abrake thermal efficiency (BTE) of 43%, which is claimed to be the world's highest for a production petrol engine.[244] The DM-i is available with three power levels, codenamed EHS132, EHS145, and EHS160, using a 1.5-litre, a 1.5-litre or a 1.5-litreturbocharged Xiaoyun engines respectively.[245]
The hybrid drivetrain uses context-dependent components to provide driving power, including battery-only, battery + electrical generator mode, engine-only mode (only at high speeds due to lack of transmission), and battery + engine mode. The engine charges the batteries via the generator when conditions permit. This design allows the engine to remain within its high-efficiency zone.[244]
In late 2023, a derivative of the DM-i and DM-p fourth-generation systems called DMO (Dual Mode Off-road), aka DMO Super Hybrid Off-road Platform[246] was introduced. It is developed forbody-on-frame,off-road oriented vehicles that use alongitudinal engine layout such as theFangchengbao Bao 5 SUV and theBYD Shark pickup truck.[247]
In January 2024, BYD plans to end the production of pouch-type batteries used in its plug-in hybrid vehicles by 2025 to address durability concerns and the risk of leakingelectrolyte. Instead, the company will use prismatic batteries known as "Short Blade" for its plug-in hybrid vehicles going forward.[248]
The fifth-generation DM-i system (DM-i 5.0) was introduced in May 2024 with the introduction of theBYD Qin L andBYD Seal 06 DM-i. The system is claimed to have the world's highest engine thermal efficiency of 46.06%, the world's lowest fuel consumption at 2.9 l/100 km (34 km/l; 81 mpg‑US), and the world's longest combined range of 2,100 km (1,300 mi).[241]
The e-Platform, or retroactively known as the e-Platform 1.0 was launched in 2010. It was first adopted by the first-generationBYD e6.[249][250]
Thee-Platform 2.0 is amodularcar platform specialised forbattery electric vehicles. It was introduced in 2018, and went on production with theBYD Han EV in 2020. The platform is summarised by the "33111" concept: the first "3" refers to the three-in-one drive system, which integrates the motor, motor controller, and reducer; the second "3" refers to the 3-in-1 high-voltage system, encompassing theDC-DC converter, on-board charger, and high-voltage distribution box. The three "1"s represent the integratedprinted circuit board, the smartinfotainment screen, and the high-performance and safer battery.[250]
Thee-Platform 3.0 is a modular car platform specialised for battery electric vehicles. It offers improved integration of BYD's proprietary Blade battery technology into an improved pure electric frame with doubled torsional stiffness, a more efficient 8-in-1 module for the drive system, a direct cooling and heating system for thebattery pack (utilisingresidual heat, thepowertrain, the passenger compartment, and the battery itself) for increasedthermal efficiency of up to 20%, as well as shorter frontoverhangs, a lowerbody profile, and a longerwheelbase to improveaerodynamics. The platform enablesall-electric ranges exceeding 1,000 km (620 mi), with 800-volt fast charging technology for a range of up to 150 km (93 mi) after 5 minutes of charging and allows for anall-wheel drive (AWD) system with0-100 km/h (62 mph) acceleration of up to 2.9 seconds.[251] It allows for cell-to-body (CTB) battery integration, replacing the outgoing cell-to-pack (CTP) technology.[252]
The first vehicles designed using this platform are theDolphin, Yuan Plus (Atto 3 in overseas markets),[253]Seal,Denza D9 EV, among others.[76]
In 2024, BYD introduced an improved version of the platform called the e-Platform 3.0 Evo. It features a 12-in-1 electric drive system, replacing the previous 8-in-1 system. It also features the world highest speed mass-produced electric drive motor reaching 23,000 rpm, faster charging speed, and a high-efficiencyheat pump.[254] The first vehicle that uses this platform is theBYD Sealion 07 EV.[255]
The Super e-Platform is BYD's latest battery electric platform with an overhaul inpropulsion, power electronics, and battery architecture. The platform incorporates a 1000 V electrical system, supports a maximum charging power of 1,000 kW (1 MW), and introduces advancements in motor speed,power density, andsemiconductor components. The platform also supports dual-gun charging configurations.[256]
The Super e-Platform includes the first mass-produced 30,000 rpm electrictraction motor, that achieves a peak output of 580 kW (778 hp; 789 PS) and a maximumrotational speed of 30,511revolutions per minute. The increase in rotational speed allows for a more compact and lightweight design, and enabling higher vehicle top speeds exceeding 300 km/h (190 mph).[257] The motor's power density is rated at 16.4 kW/kg. To support such power output and rotational speed, the platform integrates a new generation ofsilicon carbide (SiC) power semiconductors with a voltage rating of up to 1500 V. The SiC devices contribute tothermal management efficiency and extend operational voltage margins, which are necessary for 1000 V architectures.[258]
The battery system used in the Super e-Platform consists of reengineeredblade cells labeled as Flash Charging Battery. These cells support a 10C charging rate, a current of up to 1000 A, and voltage operation up to 1000 V, enabling a peak charging power of 1,000 kW (1 MW).[259]
The first production models utilizing this platform are theBYD Han L EV andBYD Tang L EV. These vehicles feature acceleration times of 0–100 km/h (0–62 mph) as fast as 2.7 seconds, depending on configuration.[260][261]
In March 2025, BYD introduced a 1,000 kW fast charging system as part of its Super e-Platform. The system operates at 1,000 volts and supports charging currents up to 1,000 amperes, delivering a peak charging power of 1,000 kW (1 MW). It uses a revised version of BYD's Blade battery with a 10C charging rate, which enables approximately 400 km (250 mi) of range to be added in five minutes with an approximate rate of 2 km (1.2 mi) of range per second. The battery improvements include a newelectrolyte formulation and a modified separator designed to support high current flow and rapid charge acceptance without overheating or degradation.
The charging system includesliquid-cooled charging cables to manage heat generated during high-power transfers. To mitigate stress on the electrical grid, the charging stations are equipped with integratedenergy storage systems, which act as buffers to supply power during peak demand or in locations with limited grid capacity.[262][263]
BYD plans to deploy over 4,000 of these 1 MW chargers across China, with around 500 stations expected to be operational in the initial rollout phase. These stations are designed to be compatible with upcoming BYD models, beginning with theBYD Han L andBYD Tang L, which are the first vehicles configured to utilize the full capabilities of the 1 MW infrastructure.[264]
In April 2020, BYD introducedDiPilot, a branding it uses for itsadvanced driver-assistance system (ADAS). It debuted with theBYD Han. DiPilot consisted of DiTrainer, a big data algorithm that can learn the driver's driving habits, and DiDAS, the core ADAS feature.[265]
In September 2024, BYD established an advanced technology R&D center to support smart driving systems, smart cockpits, dual-mode technology, and other departments related to computing power, algorithms, and large models.[266] The company claims it has a team of 5,000 R&D engineers solely working on driver assistance technologies.[267]
BYD's latest proprietarydriver assistance/self-driving system is namedGod's Eye (Chinese:天神之眼, alternatively "Divine Eye"[268]), which enables driver-supervised automation in tasks such as overtaking and parking. Categorised as "Level 2+" automation (except the Level 3 God's Eye A), BYD claimed the God's Eye system can accomplish "over 1,000 kilometers of autonomous driving without intervention and has a 99% success rate for automatedvalet parking". God's Eye is planned for incorporation on almost all models of BYD vehicles.[269][270][271]
The first model to feature the God's Eye system is theDenza N7, which was introduced in July 2023.[272] During its introduction, the Denza N7 can be optioned with two different God's Eye system.[273] The advanced version usesNvidia Orin X 254 trillion operations per second (TOPS)processor and a more advancedradar, or aQualcomm chip in the standard option.[274]
The God's Eye A and B versions are provided by Chinese autonomous driving solution companyMomenta, while the C version is developed in-house by BYD.[275]
In February 2025, BYD announced that the system became fitted as standard to 21 of BYD's 30 cars split across four brands, including its cheapest and smallest vehicle, the BYD Seagull.[276] As of 2025, the "God's Eye" system is available in three tiers, each designed for different vehicle models and price ranges, which are:
Every BYD car equipped with the God's Eye system will also feature the Xuanji architecture, which was launched in January 2024.[280] The architecture includes a central processor, cloudAI, vehicle-side AI,Internet of Vehicles,5G network,satellite network, sensors chain, control chain, data chain, and mechanical chain. The architecture will also be integrated with theDeepSeek R1large model to enhance AI capabilities in both the vehicle and the cloud.[278]
In some models such as theFangchengbao Bao 5, BYD offers the God's Eye C driving assistance system alongsideHuawei's more advanced solution, marketed as Qiankun ADS 3.0, that uses single 192-channel lidar.[281]
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BYD equipped most of its passenger cars withDiLink, a service ecosystem of technology and content developed independently by BYD and is primarily based onAndroid. The system is claimed to integrate in-vehicle network systems,cloud communication,AI,big data and other technologies.[282] Theuser interface is inspired by mobile phones, supported by rotatable screens in BYD vehicles, and supportsover-the-air updates. BYD also cooperated withAlibaba Cloud for its DiCloud AI cloud platform for the DiLink.[283] Initial iterations of the DiLink (version 1.0) were used in vehicles such as thesecond-generation BYD Tang, and useshardware comprising a 14.6-inch screen,4G connection and aQualcomm Snapdragon 625chipset with 3GB ofRAM and 32 GB ofstorage.[284]
The DiLink 4.0 was introduced in August 2021. The updated version supports5G network, and feature a reworked, more intuitive user interface.[285] The hardware for the DiLink 4.0 is known to be powered by a Qualcomm Snapdragon 690 chipset with 8 GB of RAM and 128 GB of storage.[286]
One of the popular feature in the DiLink for the Chinese market is the inclusion ofkaraoke. BYD is one of the first brands in China to include karaoke in thein-car entertainment system, allowing occupants to sing through the optional or included DiLinkmicrophone.[287][288][289]
In 2021, BYD also introduced BYD OS alongside the e-Platform 3.0, which is an in-houseoperating system for battery electric vehicles that decouplessoftware and hardware. This approach reduces manufacturing and maintenance costs while offering the possibility for other manufacturers using the platform to integrate their own software and hardware.[290]
In 2019, BYD launched its global design centre in Shenzhen, China. It is led by industry veterans from European brands, led by Global Design directorWolfgang Egger, BYD Global Exterior Design director JuanMa Lopez and Global Interior Design director Michele Jauch-Paganetti.[291] The design centre initially housed 200 designers, which has increased to 600 designers by 2023.[292]
The carmaker unveiled theE-Seed GT concept car, the first joint effort from the team, at theAuto Shanghai in April 2019. The design concept reflected the lines of the traditional Chinese dragon.[293]
BYD Auto's major passenger carmanufacturing plants are located inXi'an, Shaanxi;Shenzhen, Guangdong;Changsha, Hunan,Zhengzhou, Henan;Changzhou, Jiangsu;Jinan, Shandong; andHefei, Anhui. The company also operates R&D centers in Shenzhen andShanghai.[294]
The Xi'an plant is BYD Auto's first and largest production base, which includes electric assembly, electric motor, and battery production. The first expansion of the plant was completed in September 2014, when the Xi'an BYD No. 2 Plant went operational. BYD added an electric bus plant in the complex in 2017, with an annual capacity of 5,000 units.[295] Following the completion of the third phase development in September 2022, the current annual production capacity of the Xi'an production base is 900,000 vehicles.[296] As of 2024[update], it is the largest single manufacturing company in theShaanxi province.[297] In 2024 alone, the plant produces more than 1 million vehicles.[298]
In late 2012, the Changsha plant went operational with an annual production capacity of 300,000 vehicles. A second phase plant went operational in 2022, making the total production capacity in Changsha reach 300,000 vehicles annually.[296]
BYD Auto started construction of its largest plant inHefei, Anhui in July 2021, which started operations in June 2022. It was built in three phases with final annual capacity of 1.32 million vehicles.[296]
In March 2024, theMinistry of Industry and Information Technology approved BYD's plan to move its passenger vehicle factory inPingshan, Shenzhen to the Shenzhen-Shantou Special Cooperation Zone inShantou, Guangdong, 60 km (37 mi) east of Shenzhen.[299]
As of 2024[update], BYD's annual vehicle production capacity in China has reached 5.82 million vehicles.[300]
| Subsidiary | Plant | Location | Start of production | Annual capacity | Products | Models produced (2025) |
|---|---|---|---|---|---|---|
| BYD AutoCo., Ltd. | Xi'an Plant (initially acquired from Xi'an Qinchuan Automobile) | Xi'an, Shaanxi | 2003 (under BYD) | 900,000 vehicles |
| List Passenger vehicles:
|
| Changzhou Branch | Changzhou, Jiangsu | 2022 | 400,000 vehicles | Passenger vehicles | List Passenger vehicles:
| |
| BYD Auto IndustryCo., Ltd. | Changsha Branch | Yuhua District, Changsha,Hunan | 2012 | 600,000 vehicles |
| List Passenger vehicles:
|
| Chengde Branch | Chengde, Hebei | EV buses | ||||
| Dalian Branch | Dalian, Liaoning | Large EV buses | ||||
| Guilin Branch | Guilin, Guangxi | EV buses | ||||
| Hangzhou Branch | Hangzhou, Zhejiang | EV buses | ||||
| Hefei Branch | Changfeng,Hefei, Anhui | 2022 | 1,320,000 vehicles | List Passenger vehicles:
| ||
| Huaian Branch | Huai'an, Jiangsu |
| ||||
| Jinan Branch | Jinan, Shandong | 2022 | 300,000 vehicles | Passenger vehicles | ||
| Nanjing Branch | Lishui, Nanjing,Jiangsu | EV buses | ||||
| Qingdao Branch | Chengyang District, Qingdao,Shandong | EV buses | ||||
| Shanwei Branch | Luhe,Shanwei, Guangdong | EV buses | ||||
| Shenzhen Plant | Longgang District, Shenzhen,Guangdong | 350,000 vehicles |
| List Passenger vehicles:
| ||
| Taiyuan Branch | Taiyuan, Shanxi | EV buses | ||||
| Wuhan Branch | Huangpi District, Wuhan,Hubei | EV buses | ||||
| Yinchuan Branch | Yinchuan, Ningxia | EV buses | ||||
| Zhengzhou Branch | Zhengzhou, Henan | 2023 | 400,000 vehicles | Passenger vehicles | List Passenger vehicles:
| |
| Fuzhou BYD IndustrialCo., Ltd.(acquired fromDorcen) | Fuzhou, Jiangxi | 2023 (under BYD) | 200,000 vehicles[301] | Passenger vehicles | List Passenger vehicles:
| |
| Hangzhou Xihu BYD New Energy VehicleCo., Ltd. | Yuhang District, Hangzhou,Zhejiang | EV special vehicles | ||||
| GuangzhouGAC BYD New Energy Passenger VehicleCo., Ltd. | Conghua, Guangzhou,Guangdong | 2015[302] | EV buses | |||
| Tianjin BYD AutomobileCo., Ltd. | Wuqing, Tianjin | EV buses | ||||
| Xi'an Silver BusCo., Ltd. (acquired from Xi'an Gaoke Group)[303] | Xi'an, Shaanxi | 2023 (under BYD) | EV buses | |||
| References:[296][304] | ||||||
_Co.%2c_Ltd._manufacturing_plant_in_Rayong%2c_Thailand.png)
BYD opened a manufacturing plant forelectric buses inLancaster, California, US in May 2013.[305][306] Another plant was inaugurated inCampinas,Brazil in 2015 for the production of electric buses.[307] BYD also opened a bus plant in 2019 inNewmarket, Ontario, Canada.[308][309]
BYD has a European electric bus assembly facility inKomárom,Hungary. The plant employed 300 people by the end of 2019, with a production capacity of up to 400 electric buses a year (and 600 chassis) on two shifts.[310]
In July 2023, BYD announced a US$620 million investment inCamaçari, Brazil to produce electric cars after acquiringFord's former plant.[311] In July 2024, BYD announced a US$1 billion investment in Turkey.[312]
In Thailand, BYD operates a manufacturing plant located in theEastern Economic Corridor (EEC) special zone inRayong. Announced in 2023 and with an annual capacity of 150,000 vehicles, construction of the facility began in March of that year. The plant officially opened in July 2024, and was expected to employ 10,000 workers.[168][169] On 12 November 2024, BYD Thailand rolled out its 10,000th electric vehicle, just four months after the manufacturing plant went operational.[313]
On 28 April 2025, BYD broke ground on a passenger vehicle manufacturing plant located in Sihanoukville Special Economic Zone, Cambodia.[314]
| Country | Plant | City or Town | Subdivision | Start of production | Annual capacity | Products | Models produced (2025) |
|---|---|---|---|---|---|---|---|
| Brazil | BYD Auto Co., Ltd., Campinas Plant | Campinas | São Paulo | 2018 | EV bus chassis | ||
| BYD Auto do Brasil Ltda. Camaçari | Camaçari | Bahia | 2025 | 150,000 vehicles[315] | Passenger vehicles | Passenger vehicles:
| |
| Cambodia | BYD Cambodia Co., Ltd. | Sihanoukville | Preah Sihanouk | 2025 | 10,000 vehicles | Passenger vehicles | |
| Hungary | BYD Electric Bus & Truck Hungary Kft | Komárom | Komárom-Esztergom | 300 vehicles |
| ||
| BYD Auto, Szeged (tentative name)[316] | Szeged | Csongrád-Csanád | 2026 | Passenger vehicles | |||
| India | BYD India Pvt. Ltd. | Sriperumbudur | Tamil Nadu |
| Passenger vehicles:
| ||
| Indonesia | BYD Motor Indonesia | Subang | West Java[317] | 2026 | 150,000 vehicles | Passenger vehicles | |
| Thailand | BYD Auto (Thailand) Co., Ltd. | Rayong | Rayong | 2024 | 150,000 vehicles[318] | Passenger vehicles | Passenger vehicles:
|
| Turkey | BYD Auto Factory, Manisa (tentative name) | Manisa | Manisa[319] | 2026 | 150,000 vehicles | Passenger vehicles | |
| United States | BYD Motors Inc., Lancaster Plant | Lancaster | California | 2014[190] |
| ||
| Uzbekistan | BYD Uzbekistan Factory | Jizzakh | Jizzakh | 2024 | 50,000 vehicles[320] | Passenger vehicles | Passenger vehicles:
|
| References:[304] | |||||||
BYD Auto is avertically integrated company that claims to have the highest degree of vertical integration in the world, with over 70% of its vehicle components being supplied independently.[321][322] It produces its ownmouldings, production lines and equipment, and controls thesupply chain for most components such as batteries,electric motors, and electronic controls, which significantly reduced its manufacturing costs and provides a competitive advantage in terms ofprofit margins.[323] In 2020, the BYD group establishedFinDreams, a brand encompassing five fully owned automotive component manufacturers that also supply parts to other automotive companies.[324]
A teardown by investment bankUBS of theBYD Seal revealed that 75% of its components were made in-house. Its competition, theTesla Model 3 only uses 46% of components that are made in-house in China. UBS concluded that this helped the Seal achieve a gross profit margin of 16%, compared to 14% for the made-in-China Model 3.[325][326]
BYD Auto also operates its own shipping services to export its cars.[327] On 9 January 2024, BYD's firstroll-on/roll-offcargo ship, named "BYD Explorer No.1", was delivered and left the construction base inLongkou,Shandong province. The 200 m (660 ft)-long ship arrived atYantai Port on the same day, before heading to Shenzhen for loading cars for exporting toEurope. According toChina International Marine Containers (CIMC), the ship was built byYantai CIMC Raffles Shipyard for the international ship management companyZodiac Maritime, and was leased to BYD as the first of its "sea shipping fleet", with a loading capacity of 7,000 vehicles.[328][329][330]
In May 2023, BYD Auto was approved to acquire a 100% stake in Yi'an P&C Insurance Co., Ltd., renamed it, and transformed it into its owninsurance company for BYD vehicles.[331][332] In June 2024, BYD Property & Casualty Insurance opened for registrations, and announced the expansion of its car insurance services in 7 major provinces in China.[333] The company has regulatory approval to adjust premium rates independently, addressing high premiums and profitability issues in the new energy vehicle insurance market.[334]
BYD andToyota formed ajoint venture called BYD Toyota EV Technology Co., Ltd. (BTET), which was formalised in April 2020 and headquartered inShenzhen, China. It was established with a focus on the research and development of battery electric vehicles.[335][336] The first product conceived by the joint venture is theToyota bZ3, a Chinese market battery electric sedan manufactured byFAW Toyota, followed by theToyota bZ5 crossover SUV.
In October 2020, BYD Auto Industry Co., Ltd. signed an agreement with Japanese truck and bus manufacturerHino Motors to establish a joint venture for commercial battery electric vehicle development. The joint venture planned to introduce vehicles under the Hino brand by 2025.[337]
In February 2023, Hino Motors halted sales of compact electric buses in Japan supplied by BYD due to the presence ofhexavalent chromium, acarcinogenic chemical banned under Japanese industry guidelines. The affected model is theHino Poncho Z EV.[338] Hino was unable to negotiate with BYD to build the bus without using the chemical, while BYD Japan claims that the buses "meet all required laws and standards".[339]
In August 2014, BYD andGAC Group established a joint venture called Guangzhou GAC BYD New Energy Bus Co., Ltd. to produce electric buses inGuangzhou, the city where GAC is based. BYD holds a 51 percent stake while GAC held 49 percent.[340] The joint venture mainly supplies buses to the local bus operator Guangzhou Bus Group.[341]
In 2015, BYD partnered withAlexander Dennis to produce all-electric buses for the British market, including London's first all-electric double-decker.[342] Alexander Dennis built theirEnviro200EV single-deck andEnviro400EV double-deck products on BYD's chassis.[54] By 2023, the partnership had produced 1,500 buses.[343]
A small Chinese motorcycle manufacturer Songsan Motor contracted BYD to produceretro-styled cars, as the company does not have a production license. Its first vehicle, the Songsan SS Dolphin (unrelated to theBYD Dolphin) was introduced in 2019 usingChevrolet Corvette C1 as a design inspiration. It is based on BYD's platform and powered by a plug-in hybrid powertrain. As legally required, the car wears BYD badges alongside Songsan Motor logo.[344] As of 2023[update], deliveries to customers have not started yet. Songsan sued BYD in September 2023 due to alleged contract disputes and fraudulent environmental certifications, an allegation that was denied by BYD.[345]
TheShark 6 competed and won the Frontera Aventura 2025 Rally in the Dominican Republic in March 2025.[346]
In December 2024, Brazilian authorities announced that they had found 163 Chinese nationals working in "slavery-like conditions" building a BYD plant inBahia.[347][348] Brazilian labour authorities stated that they were victims ofhuman trafficking.[349] Brazil'sMinistry of Justice announced it would revoke residence permits for Chinese workers at the BYD factory if prosecutors confirm irregularities. Jinjiang Group, the contractor for BYD, claimed that Brazilian authorities' characterization of its employees as "enslaved" was "inaccurate" and due to "translation errors". The statement was shared by Li Yunfei, BYD's branding and public relations general manager, who alleged efforts by "foreign forces" to damage Chinese brands reputation.[350] Both Jinjiang Group and BYD responded by housing the 163 workers in hotels until a deal to end their contracts is reached. Brazil'sMinistry of Foreign Affairs announced that it had stopped issuing temporary work visas for BYD.[351] In May 2025, Brazilian prosecutors filed a lawsuit against BYD.[352]
In April 2018, British football teamArsenal F.C. announced BYD as itssponsorship partner. In July 2018, the sponsorship agreement was revealed as fraudulent after BYD claimed the person who signed a sponsorship deal with the club was not authorised to do so. BYD claims that Shanghai police detained a woman who was acting as the marketing manager on suspicion of contract fraud and forging business seals. The individual had signed numerous contracts with advertising agencies, but she has never been an employee of BYD.[353][354]
In September 2021, BYD appointed Lu Kewen, an onlineinfluencer, as a spokesperson for the company. Tablet, an American conservative and pro-Israel magazine, claimed Kewen spreadantisemitic tropes.[355]
In China, BYD has taken legal action towards onlinebloggers and social media users. In July 2023, BYD formally sued aSina Weibo user, Longzhu-JiChe, alleging that they had been posting false information about BYD. The company demanded a CN¥5 million compensation.[356] In April 2024, BYD filed a lawsuit against a Chinese blogger, Huang, that posted a false claim in social media in January 2023 that BYD instructed its employees to organise consumers to "defend their rights againstTesla". The court ruled that Huang must publish a statement of apology and compensate BYD for losses.[357] In May 2024, BYD filed another lawsuit against a Chinese blogger Yao Qiang, demanding that he make a public apology and pay a compensation of CN¥5 million. The blogger claimed theFangchengbao Bao 5 had a poor fuel consumption of around 18 l/100 km (5.6 km/l; 13 mpg‑US). Internet users found traffic violations in the test drive video and reported it to the police. Investigation by BYD revealed that the vehicle was driven abnormally and aggressively.[358]
In mid-2024, following the lead of other automakers and in line with theMinistry of Public Security's "Regulations on the Governance of Online Violence Information," BYD in China introduced a bounty program to report evidence of internet "black campaigns" conducted by individuals, public relations firms, or rival car companies. Rewards range from 200,000 to 5 million yuan, with confidentiality guaranteed for those who provide information.[359][360] In June 2025, BYD's Legal Department announced that it is taking legal action against 37 online influencer accounts and has placed an additional 126 accounts under internal monitoring for alleged disinformation and damaging content.[361]
BYD has introduced multiple aggressive price reductions in the Chinese market, which have contributed to heightened competition and price war. In early 2023 and early 2024, BYD launched the Champion Edition and Honor Edition variants of its models, respectively. These variants introduced price cuts, intended to increase BYD's market share in China.[94]
In July 2024, BYD's off-road vehicle brand, Fangchengbao, significantly reduced the price of its Bao 5 model in China by 50,000 yuan to better compete with the popular Great Wall Motor'sTank series.[362] The price reduction had sparked controversy among previous buyers. Protests occurred with banners criticizing Fangchengbao's sudden price cut, as some customers expressed frustration after waiting months for delivery only to see the price drop soon after.[363][364]
In early 2025, BYD avoided price cuts in favour of offeringself-driving systems as standard.[94] However, in May 2025, BYD announced substantial price reductions across 22 models, with discounts reaching up to 34%, due to increasinginventory levels. The BYD Seagull experienced a 20% reduction to 55,800 yuan, while the BYD Han DM-p was discounted by 34% to 102,800 yuan. The move further intensified the ongoing price war, and triggered broad concern within the industry.Great Wall Motor chairmanWei Jianjun publicly compared the situation to the pre-collapse state of theEvergrande real estate group.[365][366][367] At the same time, BYD, along withDongfeng Motor and other Chinese automakers were summoned byChina's Ministry of Commerce to attend a meeting addressing the rising number of "zero-mileage"used car sales, shortly after Great Wall Motor chairman, Wei Jianjun, also highlighted an ongoing trend in which brand new vehicles were registered and sold on used car platforms. This sales practice has been linked to strategies used by automakers and dealers to meet sales targets. As a result of the news, shares of BYD declined by 3.1%.[368][369]
In June 2024, BYD came under investigation by Thai authorities, including the Consumer Protection Commission (CPC) and the Office of the Consumer Protection Board (OCPB), regarding its practices in offering price cuts in the Thai market. The investigation was prompted by a complaint from a customer, stating that a salesperson on 19 June had convinced them to purchase a BYD Dolphin by claiming that prices would increase after the discount period ended. Instead, BYD reduced the car's price by 140,000–160,000 baht on 1 July, causing the customer to experience "psychological distress".[370][371] On 5 July, the issue was discussed by Thailand Prime MinisterSrettha Thavisin and BYD CEO Wang Chuanfu shortly after they both opened the BYD Thailand manufacturing plant. Wang promised to resolve the issue.[372]
In May 2022,Changsha city authorities opened an investigation into a manufacturing plant owned by BYD Auto in the city following complaints from nearby residents. The allegations surfaced in April 2022 on a website belonging to state newspaperPeople's Daily, where people living near the factory left messages claiming the plant's pollution had a strong odour, which gave residents irritated throats andnosebleeds to children. Changsha residents purchased testing equipments and discovered thattotal volatile organic compound levels have exceeded safety standards.[373] Residents protested at the Changsha plant's gate, urging the company to solve the problem. BYD denied the allegations, stating that all emissions from the plant were compliant with China's regulatory rules and standards, and threatened legal actions against people who spread rumours that emissions from the factory had caused nosebleeds.[373][374][375] Production in the plant was partially halted during the investigation.[376]
In May 2023, rivalGreat Wall Motor (GWM) publicly reported through its social media that two BYD top-selling plug-in hybrid models did not meetemission standards. In a social media post, GWM accused BYD of using non-pressurisedfuel tanks in itsQin Plus andSong Plus, enabling the liquid inside to evaporate more rapidly than it would in pressurised tanks, and announced that it had submitted evidence documents to Chinese authorities.[377] BYD denied GWM's claim, saying the testing conducted by GWM was invalid as it had run its own tests by using a different testing method than required by authorities, and lacked third-party inspection.[378][379]
In May 2024, fire broke out in a BYD dealership inFuzhou, Fujian. The Chinese language site of American news outletNTDTV reported that it is the tenth BYD dealership fire since 2021. One BYD dealership fire case was reported in 2021, followed by four cases in 2022 and another four in 2023. Two factory fire cases were recorded in 2022 and 2023. BYD acknowledged the Fuzhou incident, but denied that the fire came from any of its vehicles and detected no abnormalities in the vehicle batteries during its inspection.[380][381]
In November 2020, BYD in the U.S. filed a lawsuit against theAlliance for American Manufacturing (AAM), a non-profitlobbying group that advocated for a ban on using the federal tax budget to purchase rail cars or buses from foreign state-owned or controlled companies such like BYD, which has an electric bus factory in California, U.S. The rule was signed into law as the Transit Infrastructure Vehicle Security Act (TIVSA). BYD alleges that AAM has engaged in a "malicious, fraudulent, outrageous, and reckless campaign" that damages BYD's reputation.[382] TheSupreme Court of the United States rejected BYD's suit in August 2022.[383]
In 2025, Israel'sMinistry of Defense prohibited the use of certain BYD electric cars due to claimed cybersecurity concerns of unauthorized transmission of driver data to China.[384]
In December 2018, theAlbuquerque, New Mexico council in the US sued BYD over the alleged poor welding, poor battery range, and malfunctioning doors and brakes of its buses.[385] BYD denied the allegations, and the lawsuit was settled without money changing hands.[clarification needed][386]
A 2018 investigation byThe Los Angeles Times found quality and reliability issues with the BYD buses used by public transit agencies inCalifornia, such as frequent stalls and unpredictable driving ranges below advertised figures.[387]
In February 2023, BYD confirmed the presence of a toxic chemical,hexavalent chromium, in its electric buses in Japan. According to BYD, the contaminated vehicles will be "detoxified before being scrapped, leaving no impact on the environment."[388]
In December 2019,Keolis Nederland ordered over 250 buses from BYD for theIJssel-Vecht [nl] region in Eastern Netherlands, which was the largest order for electric buses in Europe at the time.[389][390] Keolis was awarded a 10-year contract to run public transportation in the region starting in December 2020. In July 2020, it was revealed that Keolis did not provide all essential information in the bid to the provinces and tenderers. Keolis had made secret arrangements with BYD that was not disclosed during the bid, meaning that the company had essentially committed fraud to win the tender.[391] Keolis was allowed to start operating in the area as part of an emergencyconcession as finding a new operator to takeover in such short notice would put the entire bus network in danger. The new contract running for 13 years from 2022 onward was awarded toEBS instead, which would take over 234 of the 259 BYD buses of Keolis.[392][393]
BYD delivered the buses at the end of 2020. Immediately, problems arose with the quality and reliability of the buses, generally related with the electronics and the software. The most significant reported issue was the battery, which would be shown as full on the dashboard, only to suddenly empty out, leading to buses being stranded mid-route.[392] Another prominent issue was the bus veering to the right while driving, causing the drivers to constantly steer to the left. Additionally, the driver's seat was not centered around the steering wheel and was too small in most cases. Because of the steering and seat issues, drivers have complained of experiencing physical pain during and after driving. While EBS was aware of the quality issues surrounding the BYD buses, these turned out to be "more numerous and persistent" than initially expected.[394] The three companies involved have reached an agreement regarding the cost of repairs, though the contents of these have not been made public.[395]
In 2016, asuicide note by a dealership owner inNanjing led to an investigation into government subsidyfraud. The note claimed that BYD had received subsidies for 600 electric buses it had never produced, with only a few dozen delivered to the city government. BYD reportedly forced dealerships to increase electric vehicle inventories, selling to people outside of Nanjing and helping them obtain temporary residence documents. The dealerships ended up paying subsidies on 80 percent of vehicles sold.[396] Following the case, the Chinese Finance Ministry fined five manufacturers (not including BYD) for fraudulently obtaining over CN¥1 billion worth of subsidies. The companies were required to return the subsidies and pay penalties worth an additional 50% of the subsidies received.[397]
| Year | Total | BYD | Denza | Yangwang | FCB |
|---|---|---|---|---|---|
| 2003 | 21,253 | 21,253 | - | - | - |
| 2004 | 17,900 | 17,900 | - | - | - |
| 2005 | 11,038 | 11,038 | - | - | - |
| 2006 | 63,592 | 63,592 | - | - | - |
| 2007 | 101,665 | 101,665 | - | - | - |
| 2008 | 170,880 | 170,880 | - | - | - |
| 2009 | 448,458 | 448,458 | - | - | - |
| 2010 | 521,761 | 521,761 | - | - | - |
| 2011 | 454,676 | 454,676 | - | - | - |
| 2012 | 462,512 | 462,512 | - | - | - |
| 2013 | 514,188 | 514,188 | - | - | - |
| 2014 | 446,329 | 446,329 | - | - | - |
| 2015 | 451,868 | 449,068 | 2,800 | - | - |
| 2016 | 510,157 | 507,870 | 2,287 | - | - |
| 2017 | 421,158 | 416,445 | 4,713 | - | - |
| 2018 | 528,298 | 526,324 | 1,974 | - | - |
| 2019 | 467,960 | 465,871 | 2,089 | - | - |
| 2020 | 431,447 | 427,302 | 4,175 | - | - |
| 2021 | 749,325 | 744,617 | 4,708 | - | - |
| 2022 | 1,881,669 | 1,871,866 | 9,803 | - | - |
| 2023 | 3,024,417 | 2,888,864 | 127,840 | 2,001 | 5,712 |
| 2024 | 4,272,145 | 4,075,449 | 126,036 | 8,560 | 62,100 |
| |||||
BYD car sales in 2009 were 448,400 vehicles. Its F3 was the best-selling sedan in China with sales of over 291,000 units.[45][400] In 2010, BYD sold 519,800 vehicles, representing 2.9% of the market in China, its sixth largest manufacturer.[294][401] In 2011, the BYD sales rank was outside the top ten.[402] In 2012, the company became the 9th largest car manufacturer in China, producing over 600,000 vehicles.[403] In 2013, BYD sold 506,189 passenger cars in China, ranking tenth.[404]
Since 2021, BYD's sales have grown significantly, driven in part by the rapid increase in new energy vehicle sales as a share of total passenger vehicle sales in China during 2021 and 2022.[71] While the new energy vehicle market share were stagnant between 4–5% since 2018, in 2021 and 2022, new energy vehicles accounted for 15.4 and 27.5% all passenger vehicle sales respectively. Within BYD's total vehicle sales, new energy vehicles also accounted for an increasing percentage from 52.4% in 2018 into reaching 99.2% in the first half of 2022, shortly before the company ended production of pure internal combustion engine vehicles.[405]
In the first half of 2022, BYD becomes the top plug-in electric vehicle seller in the world after surpassing Tesla by selling 641,000 vehicles.[406] In September 2022, BYD became the first carmaker in China to build one million new energy vehicles in a single year.[80]
In late 2022 and early 2023, BYD plug-in hybrid vehicles surpassed the sales of its battery electric vehicles, which was partly attributed to the positive reception of BYD's DM-i system that replaced the older DM system in January 2021.[407]
The company surpassedTesla as the world's top battery electric vehicle manufacturer in the fourth quarter of 2023 by selling 526,409 battery electric cars, while Tesla delivered 484,507 vehicles.[408][409] Meanwhile, throughout 2023, BYD remained the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer (after Tesla), with global market shares of 21.4% and 15%, respectively.[410][411] In that period, 52.5% of BYD's sales volume were contributed by battery electric vehicles (including commercial vehicles).[3]
BYD became the top-selling car brand in China ahead ofVolkswagen since 2023, marking the first time another company has sold more cars than Volkswagen in the country.[12] In early 2024, BYD sales in China were briefly surpassed by Volkswagen, ending its 11-month streak as the top-selling brand in China.[412] It was attributed by the 2024 Chinese New Year holiday and reduced demand.[413] BYD regained the top position by the second quarter of 2024.[414] In that quarter, BYD global sales has surpassedHonda andNissan, making it the seventh-largest automaker in the world.[415]
BYD ended 2024 achieving 4,272,145 sales, a 41.3% increase compared to 2023.[416][417] In the Chinese domestic market, with 3,718,281 retail sales, BYD is the market leader with a 16.2% share (all vehicles) and 34.1% share in the new energy vehicle category. Plug-in hybrid vehicles contributed about 60% of its wholesale sales in that year.[418]
JPMorgan expects BYD to sell 5.5 million vehicles in 2025, and 6.5 million vehicles in 2026.[124]
| Quarter | ICE | PHEV | BEV | Buses & trucks | Total |
|---|---|---|---|---|---|
| Q1 2018 | 82,140 | 23,184 | 5,315 | 1,138 | 111,777 |
| Q2 2018 | 67,473 | 24,246 | 18,525 | 2,476 | 112,720 |
| Q3 2018 | 58,540 | 33,976 | 30,091 | 4,467 | 127,074 |
| Q4 2018 | 64,723 | 42,483 | 49,332 | 12,578 | 169,116 |
| Q1 2019 | 44,406 | 25,745 | 45,487 | 1,940 | 117,578 |
| Q2 2019 | 38,013 | 19,237 | 50,292 | 2,952 | 110,494 |
| Q3 2019 | 60,756 | 17,279 | 27,879 | 1,809 | 107,723 |
| Q4 2019 | 88,718 | 9,907 | 23,527 | 3,452 | 125,604 |
| Q1 2020 | 39,081 | 3,412 | 18,110 | 670 | 61,273 |
| Q2 2020 | 58,870 | 7,776 | 28,151 | 2,467 | 97,264 |
| Q3 2020 | 60,083 | 14,325 | 32,088 | 3,628 | 110,124 |
| Q4 2020 | 79,249 | 22,571 | 52,981 | 3,556 | 158,357 |
| Q1 2021 | 49,394 | 14,781 | 38,599 | 1,371 | 104,145 |
| Q2 2021 | 42,716 | 41,990 | 54,841 | 2,444 | 141,991 |
| Q3 2021 | 23,055 | 88,903 | 91,684 | 2,101 | 205,743 |
| Q4 2021 | 21,183 | 127,261 | 135,686 | 3,257 | 287,387 |
| Q1 2022 | 5,049 | 141,424 | 143,223 | 1,496 | 291,192 |
| Q2 2022 | 0 | 173,124 | 180,296 | 1,601 | 355,021 |
| Q3 2022 | 0 | 278,554 | 258,610 | 1,540 | 538,704 |
| Q4 2022 | 0 | 343,047 | 329,011 | 1,382 | 673,440 |
| Q1 2023 | 0 | 283,270 | 264,647 | 4,159 | 552,076 |
| Q2 2023 | 0 | 348,081 | 352,163 | 3,317 | 703,561 |
| Q3 2023 | 0 | 390,491 | 431,603 | 1,907 | 824,001 |
| Q4 2023 | 0 | 416,242 | 526,409 | 2,128 | 944,779 |
| Q1 2024 | 0 | 324,284 | 300,114 | 1,865 | 626,263 |
| Q2 2024 | 0 | 556,708 | 426,039 | 3,973 | 986,720 |
| Q3 2024 | 0 | 685,830 | 443,426 | 5,636 | 1,134,892 |
| Q4 2024 | 0 | 918,556 | 595,413 | 10,301 | 1,524,270 |
| Q1 2025 | 0 | 569,710 | 416,388 | 14,706 | 1,000,804 |
| Q2 2025 | 0 | 520,180 | 606,993 | 17,677 | 1,145,150 |
| Milestone[420][421] | Date | Milestone model produced |
|---|---|---|
| 1,000,000th NEV production | 19 May 2021 | BYD Han EV[422] |
| 2,000,000th NEV production | May 2022 | |
| 3,000,000th NEV production | 16 November 2022 | BYD Seal[423] |
| 5,000,000th NEV production | 3 August 2023 | Denza N7[424] |
| 6,000,000th NEV production | 24 November 2023 | Fangchengbao Bao 5[425] |
| 7,000,000th NEV production | 25 March 2024 | Denza N7[426] |
| 8,000,000th NEV production | 4 July 2024 | Thai-builtBYD Dolphin[167] |
| 9,000,000th NEV production | 25 September 2024 | Yangwang U9[427] |
| 10,000,000th NEV production | 18 November 2024 | Denza Z9[428] |
BYD launched Fangchengbao late last year as one of three brands for upmarket vehicles. The other two brands are Denza and Yangwang.
Modeled after the Honda Accord, the car does share some similarities with the Accord's exterior, but overall has its own BYD flavor.
it has also committed to local production with a factory in Hungary. It is the first Chinese manufacturer to do so since MG closed the Longbridge plant.
_Western_Bus_%25E7%25B2%25A4B00602D_M209_2024-05-27.jpg)
{{cite web}}: CS1 maint: numeric names: authors list (link)Hoewel EBS wist dat het een probleem vloot overnam, viel het eind vorig jaar alsnog tegen. Mankementen bleken talrijker en hardnekkiger.
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