BYD

BYD
NIST Sector	Transportation
GICS Industrial	Transportation
Smart Tag(s)
Business type	Public
Year Founded	January 2003
Founder(s)	Wang Chuanfu
City, State	Xi'an Shaanxi
Country	China
Region Served	Worldwide
Executives	Wang Chuanfu
Revenue	CNY64.9 billion$ 10.253 <br />€ 9.022 <br />£ 7.587 <br />CA$ 13.021 <br />KRW 12.564 <br />
Number of employees	229154
Sponsorship Level	Of Interest

Members

BYD Auto Co., Ltd. ("Build Your Dreams") is the automotive subsidiary of the Chinese multinational BYD Co Ltd, headquartered in Xi'an, Shaanxi Province. It was founded in January 2003, following BYD Company's acquisition of Qinchuan Automobile Company in 2002. The company produces cars, buses, trucks, electric bicycles, forklifts and rechargeable batteries. The current model range of automobiles includes electric vehicles, plug-in hybrid vehicles and petrol engine vehicles.

Activities

		Electric Bus Deployments in Santiago de Chile
		An electric bus implementation program in Santiago, Chile, inspired by the buses in Bogotá, Colombia, began in 2014 through a partnership between the Chilean Ministry of Transport and two privately held companies, Enel X and BYD, an Italian electric company and a Chinese bus making manufacturer, respectively.

		BYD Receives Electric Truck Order From Einride
		BYD announced today that Swedish freight technology company Einride has purchased 200 Class 8 8TT battery-electric day cab trucks for deployment across the United States, the largest-ever order of its kind outside of Asia.
		BYD delivers electric buses to Santiago Chile
		BYD on October 15 launched Latin America’s first electric bus corridor serviced by electric buses from BYD in the Chilean capital of Santiago, in partnership with local operators Enel X and Metbus, which was attended by Chilean President, Sebastián Piñera; Minister of Transportation and Telecommunications, Gloria Hutt; Minister of Energy, Juan Carlos Jobet; Minister of the Environment, Carolina Schmidt and other officials, plus executives from COP25. This move consolidates Chile as the region’s leader in electric mobility, with a total fleet of 285 operational pure electric buses from BYD.

Details

BYD Co Ltd founded the wholly owned subsidiary BYD Auto in 2003, after acquiring the Qinchuan Machinery Works from Norinco in 2002 and raising HK$1.6 billion on the Hong Kong Stock Exchange. The acquisition may have been made solely to acquire the passenger car production license held by the purchased company.[9] Qinchuan had been manufacturing cars since 1987, when the company began production of the 0.5 L (30.5 cu in) QJC7050 model.[10] At the time of the acquisition, its QCJ7181 Flyer was in production, which from 2005 was rebadged to the "BYD Flyer."

In 2008, a plug-in hybrid version of the BYD F3 compact sedan was introduced, the world's first production model plug-in hybrid car.[11][12] In September of that year, Warren Buffett took a HK$1.8 billion stake (US$ 230 million) in the company through Sino-American Energy Holdings.

BYD's total car sales in 2009 were 448,400 vehicles, and the BYD F3 was the best-selling sedan in China that year. In the same year, BYD began the export of its cars to Africa, South America and the Middle East, where the cars competed on price, not quality.

In 2012, the city government of Shenzhen purchased 500 BYD e6 cars for use as taxis. A total of 506,189 passenger cars were sold in China in 2013, making it the tenth-largest selling brand.[17]

In 2013, BYD was awarded The Top Crash Facility Award of the year 2013.

In 2014, the BYD Qin plug-in hybrid compact sedan, the first model of BYD's new "Dynasty Series" (王朝系列), had total sales of 14,747 (plus a relatively small number of sales in Latin America),[19][20] In 2015, sales of the Qin increased to 31,898[21] and it was the 88th highest selling sedan in China.[22] In 2016, the BYD Tang plug-in hybrid SUV had 31,405 sales, the plug-in hybrid version of the Qin compact sedan had 21,868 sales and the BYD e6 electric compact MPV had 20,605 sales.[23] By 2016, total sales of the Qin were 68,655 cars. BYD US Headquarters in Los Angeles

In 2015, the company was planning to open factories in Brazil to produce electric cars and buses. In July 2015, exports to Russia were suspended, due to the war in Ukraine and the falling value of the Russian currency. BYD was the highest-selling brand of highway-legal light-duty plug-in electric vehicles (combined sales for plug-in hybrids and battery electric cars),[27] with 61,772 passenger vehicles sold, mostly plug-in hybrids. BYD continued as the world's top-selling plug-in car manufacturer in 2016 with over 100,000 units sold, up 64% from 2015. BYD sold more than 100,000 new energy passenger cars in China in 2016. The BYD Tang crossover SUV was the top-selling plug-in car in China in 2016 with 31,405 units delivered.

BYD achieved top rankings in the 2015 J.D. Power's Quality Study.

In September 2016, the company became the third-largest manufacturer of plug-in cars, with a total of 161,000 plug-in cars produced since 2008. Also, in September 2016, the company introduced a range of electric sanitation truck models, to be used in Beijing.

Since 2017, BYD has been negatively impacted by a reduction of subsidies granted by the Chinese government.

In May 2020, BYD announced that it would start expanding in Europe, starting with Norway. BYD's launch will consist of the BYD Tang and a range of commercial vehicles.[36] However, Australia also announced that there will be 2000 BYD electric vehicles in the fleet, it will be in the part of the new taxi operator ETaxiCo. The fleet will be operated from three sites in the Northern Beaches Council area as part of a six-month trial, When the program launches – which is at this current time planned for following months depending on COVID-19 factors – it will be using 15 specially fitted e6 electric compact SUVs that have been imported by Nexport, with plans to expand the fleet to 120 by August. It'll expected to be reaching the goal up to 2000 vehicles in the fleet by the end of 2021.

BYD will deliver a total of 1,002 electric buses to Bogota, the capital city of Colombia, by mid-2022, after winning a contract for 406 electric buses in January 2021.