BYD Co., Ltd., founded in 1995, is one of China's top 500 companies, a high-tech enterprise listed in Hong Kong, a leader in the field of new energy vehicles in China, and a large multinational group company with two major industrial groups of IT and automobiles
BYD Auto - a direct subsidiary of BYD Co., Ltd. In 2003, BYD officially acquired Shaanxi Qinchuan Automobile Co., Ltd. to form BYD Auto, entered the field of automobile manufacturing and sales, and began the development journey of national independent brand automobiles. BYD Auto adheres to the development model of independent research and development, independent brand and independent development, with the product goal of "building world-class cars" and the industrial goal of "building a national world-class automobile brand", and is determined to revitalize the national automobile industry. At present, BYD has built four major industrial bases in Xi'an, Beijing, Shenzhen and Shanghai, and has reached the international leading level in vehicle manufacturing, mold development, and model research and development, and the industrial pattern is gradually improving. BYD Auto has built a first-class R&D center in Shanghai, with an automotive R&D team of more than 3,000 people, and obtains more than 500 national R&D patents every year. In Xi'an, an internationally leading car production line was built, with a total production capacity of 200,000 units. A modern automobile city will be built in Shenzhen, with a total production capacity of 300,000 units, and a second R&D center will be built, which will become a production base for BYD Auto's mid-to-high-end vehicles. Beijing Mold Manufacturing Center has formed a professional and large-scale mold industry pattern, manufacturing vehicle molds for world-renowned automobile brands.
Founded by Wang Chuanfu in 1995, BYD Co., Ltd. (hereinafter referred to as "BYD") is a high-tech private enterprise listed in Hong Kong. At present, BYD has built nine production bases in Guangdong, Beijing, Shaanxi, Shanghai and other places nationwide, with a total area of nearly 7 million square meters, and has branches or offices in the United States, Europe, Japan, South Korea, India, Taiwan, Hong Kong and other places, with a total of more than 130,000 employees.
On July 31, 2002, BYD was listed on the main board of Hong Kong (stock code: 1211HK), setting a record for the highest issue price of 54 H shares. In 2007, BYD Electronics (International) Co., Ltd. (stock code: 0285. HK) was successfully listed on the Main Board of the Hong Kong Stock Exchange and performed well. By the end of 2008, the company's total assets amounted to nearly 32.9 billion yuan, and its net assets exceeded 13.3 billion yuan. On September 27, 2008, Sino-US Energy Holdings, a subsidiary of Berkshire Hathaway, a subsidiary of Warren Buffett, a well-known American investor "God of Stocks", announced that it would subscribe for 225 million shares of BYD at a price of HK$8 per share, accounting for about 10% of BYD's shares after the placement, with a total transaction amount of about HK$1.8 billion or equivalent to US$230 million. Warren Buffett's investment represents a recognition of BYD's brand value, and is of great strategic significance for accelerating the promotion of BYD's new energy vehicles and other environmentally friendly products in the North American and European markets, as well as globally.
Main business
BYD now has two major industrial clusters: IT and automobile. The company's IT industry mainly includes secondary rechargeable batteries, chargers, electroacoustic products, connectors, LCD modules, plastic parts, metal parts, hardware and electronic products, mobile phone buttons, keyboards, flexible circuit boards, microelectronic products, LED products, optoelectronic products, etc., as well as mobile phone decoration, mobile phone design, mobile phone assembly business, etc. The company is unremittingly committed to technological innovation, the improvement of R&D strength and the improvement of the service system, and its main customers are Nokia, Motorola, Samsung and other top customers in the international communications industry. At present, BYD, as the world's leading manufacturer of rechargeable batteries, has covered all core components and assembly business of mobile phones in the IT and electronic parts industry, and has reached the first place in the global market share of nickel batteries, lithium batteries for mobile phones, and mobile phone buttons.
In 2003, BYD officially acquired Xi'an Qinchuan Automobile Co., Ltd. (now "BYD Automobile Co., Ltd."), entered the field of automobile manufacturing and sales, and began the development journey of national independent brand automobiles. So far, BYD has built four major automobile industry bases in Xi'an, Beijing, Shenzhen and Shanghai, and has reached the international leading level in vehicle manufacturing, mold research and development, model development, etc., and the industrial pattern has been gradually improved and has rapidly grown into the most innovative cutting-edge brand in China. Automotive products include a variety of high, medium and low-end series of fuel cars, as well as automotive molds, auto parts, dual-mode electric vehicles and pure electric vehicles. Representative models include traditional high-quality fuel vehicles such as F3, F3R, F6, F0, G3 and L3, S8 sports hardtop roadster, high-end SUV S6 and MPV M6, as well as the world's leading F3DM dual-mode electric vehicle and pure electric vehicle E6.
On October 6, 2008, BYD acquired Ningbo Zhongwei, a semiconductor manufacturing company, for nearly 200 million yuan, integrating the upstream industrial chain of electric vehicles and accelerating the commercialization of BYD's electric vehicles. Through this acquisition, BYD has R&D capabilities and production capacity for electric vehicle drive motors. As a leader in the field of electric vehicles and a leader in the global secondary battery industry, BYD will continue to manufacture clean energy automotive products by taking advantage of its unique technological advantages in the world. On December 15, 2008, the world's first dual-mode electric vehicle that does not rely on professional charging stations, the BYD F3DM dual-mode electric vehicle, was officially launched in Shenzhen. In 2009, BYD plans to launch pure electric vehicles, realizing the dream pursued by the world automobile industry 20 years ahead of schedule.
BYD has set up the Central Research Institute, the Electronics Research Institute, the Automotive Engineering Research Institute and the Electric Power Research Institute, which are responsible for the research and development of high-tech products and technologies, as well as industrial and market research. It has a professional team that can provide product design and project management from hardware, software and testing, and has completely independent development experience and data accumulation for a variety of products, and has gradually formed a technology development platform with its own characteristics and international level. Strong R&D strength is the foundation of BYD's rapid development.
