BYD Company Limited
比亚迪
002594
Shenzhen Stock Exchange
Company Profile
BYD Group adheres to the development concept of "technology is the king, innovation is the foundation", and is committed to using technological innovation to meet people's aspirations for a better life. Its business spans four major industries: automobiles, rail transit, new energy, and electronics. In the field of new energy vehicles, BYD has created a long-term and sustainable core competitive advantage. As a leader in the global new energy vehicle industry, BYD has a large technology research and development team and strong technological innovation capabilities, and has successively developed a series of globally leading forward-looking technologies. At present, the group has core technologies such as batteries, motors, electronic control, and whole vehicles, achieving multiple breakthroughs in new energy vehicles in terms of power performance, safety protection, and energy consumption, accelerating the transformation and upgrading process of the global automotive industry. In the field of power batteries, BYD has developed high safety lithium iron phosphate batteries to solve global challenges in safety, cycle life, and range of electric vehicle batteries. Through continuous iterative innovation, the group has launched blade batteries and CTB (Cellto Body) technology. At present, the group has established a global leading technological and cost advantage in the field of power batteries, and has established a leading scale advantage through the rapid increase of production capacity. In terms of commercial promotion, BYD's globally leading pure electric and plug-in hybrid technologies have been widely used in passenger car products, continuously leading the global market. In the field of commercial vehicles, the group has successfully operated green transportation such as pure electric buses, taxis, and trucks on 6 continents, over 70 countries and regions, and over 400 cities worldwide. With the accumulation of technology and comprehensive synergy advantages in various fields, BYD will continue to be committed to breakthroughs and innovations in new energy vehicle technology and product promotion in the future, actively promoting the industrial transformation of traditional cars towards new energy vehicles. BYD will promote the comprehensive expansion of new energy vehicles through the "7+4" full market strategy, covering seven conventional fields, namely private cars, buses, taxis, sanitation vehicles, road passenger transportation, urban commodity logistics, and urban construction logistics, as well as four special fields, namely warehousing, mines, ports, and airports, to achieve full coverage of new energy vehicles for road transportation. At the same time, the group will also combine the advantages of new energy vehicles and the opportunity for the strong rise of independent brands to promote more new energy passenger models, as well as passenger, freight, and specialized models for more segmented markets, further enrich the new energy vehicle product line, enhance market share and industry position, and promote the group to always be at the forefront of global new energy vehicle technology innovation and product application. In addition, BYD leverages its integrated innovation and long-term accumulation of comprehensive technological advantages to extend the electric vehicle industry chain to the field of rail transit, launching medium volume "cloud rail" and low volume "cloud bus" with fully independent intellectual property rights, providing effective solutions for global urban traffic congestion control.
Full description
The Group primarily engages in automotive business (with a focus on new energy vehicles), mobile phone components and assembly business, secondary rechargeable battery and photovoltaic (PV) business, while leveraging its technological advantages to expand into the urban rail transit sector. As a global pioneer and leader in the new energy vehicle (NEV) industry, the Group has built long-term, sustainable core competitive advantages through continuous technological innovation in critical areas such as automotive electrification and intelligentization. This has solidified its leadership in the global NEV industry and accelerated the transformation and upgrading of the global automotive industry. The Group is one of the world’s leading manufacturers of secondary rechargeable batteries. In the consumer battery segment, its lithium-ion batteries are widely used in various consumer electronics and new smart products. In the power battery segment, the Group developed the highly safe lithium iron phosphate (LFP) "Blade Battery," addressing market safety concerns and accelerating the resurgence of LFP batteries as a mainstream choice in power batteries, supporting the stable growth of the global NEV industry. In the energy storage battery segment, the Group focuses on applications such as power-side energy storage, grid energy storage, commercial and industrial energy storage, and home energy storage, providing cleaner and more sustainable energy storage solutions. As a key strategic 布局 in clean energy, the PV business is committed to transforming lifestyles through clean energy and achieving sustainable energy development. It encompasses a full industrial chain, including silicon wafers, cells, PV modules, and PV system applications. The Group will continue to actively invest in new technologies to drive product upgrades. As a leading global provider of high-tech innovative products, the Group’s diversified businesses span consumer electronics, new smart products, and other fields. It holds core strengths in electronic information technology, AI, 5G and IoT technology, thermal management, new materials, precision mold technology, and digital manufacturing, complemented by efficient large-scale production experience and a rich product portfolio. This enables the Group to deliver one-stop product solutions to global customers. Leveraging its technological and cost advantages in the new energy sector, the Group has successfully developed high-efficiency, low-cost medium-capacity "SkyRail" and low-capacity "Cloud-Bus" for urban rail transit. These solutions, integrated with NEVs, provide comprehensive urban public transportation coverage, addressing traffic congestion and air pollution while advancing the Group’s long-term sustainable development.