- Business
- BYD Company Limited (BY6.VI) is a Chinese multinational manufacturing conglomerate that engages in the development and production of rechargeable batteries, new energy vehicles, rail transit systems, electronic components and photovoltaic products. Founded in February 1995 and headquartered in Shenzhen, Guangdong Province, China, the company operates through key subsidiaries including BYD Auto, which manufactures passenger battery electric vehicles, plug-in hybrid electric vehicles under brands such as BYD, Denza, Fangchengbao and Yangwang; electric buses, trucks and commercial vehicles; BYD Electronics, which provides handset components, assembly services and products like casings for smartphones, tablets and laptops; FinDreams Battery, which produces lithium iron phosphate batteries including the Blade Battery, energy storage systems and consumer batteries; FinDreams Powertrain and FinDreams Technology, which supply engines, transmissions, axles, electric platforms, automotive electronics, chassis components, advanced driver-assistance systems and thermal management; BYD Semiconductor for integrated circuits and power modules; BYD Forklift for electric forklifts and material handling equipment; and rail transit systems such as SkyRail monorail and SkyShuttle automated guideway transit. The company maintains extensive global operations with manufacturing facilities in China, Thailand, Uzbekistan, Brazil, Hungary, Turkey, the United States and Europe, serving markets in Asia Pacific, Europe, the Americas and Africa, and employs nearly 969,000 people as of 2024. In recent developments, BYD raised $5.59 billion through a primary share sale in Hong Kong in early 2025 to fund research and development, overseas expansion and production enhancements; formed a global strategic partnership with BorgWarner in 2024 under which FinDreams Battery supplies Blade Battery cells for commercial vehicle packs in Europe, the Americas and Asia Pacific; sold its German distribution network to Hedin Mobility Group in late 2024 while retaining select retail partnerships; announced plans to double its European sales outlets to 2,000 in 2026 alongside a new passenger vehicle plant in Hungary; expanded into South Africa with additional dealerships and 300 fast-charging stations by end-2026; launched operations in Benin in April 2025; became the global automotive partner of FC Internazionale Milano in July 2025; and reached 10 million new energy vehicle production cumulative in November 2024 while targeting 5-6 million annual sales in 2025.