Producer

BYD Company

1211.HKHQ CN · Guangdongwebsite ↗

BYD Company Limited (Shenzhen, Guangdong; HKEX: 1211; SZSE: 002594; ~¥777B revenue) is China's largest EV manufacturer and one of the world's largest lithium-ion battery producers. BYD's battery division (BYD Battery, formerly a standalone business unit) produces cylindrical, prismatic, and pouch Li-ion cells for EVs, energy storage, and industrial applications including professional electronics. BYD's industrial battery business serves industrial LMR radio applications in Asia and increasingly globally as BYD expands its industrial market reach. BYD's Blade Battery (LFP prismatic) technology is primarily for EVs, but BYD's cylindrical cell manufacturing (Shenzhen and multiple inland China sites) directly competes in the LMR battery market as industrial customers seek lower-cost alternatives to Panasonic/Murata Japanese cells. BYD's vertical integration (lithium mining in Chile/China → cells → packs → vehicles) gives it cost advantages over every Western or Japanese battery manufacturer in the LMR pack market.

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Inputs supplied

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Stories

What they make

1 input BYD Company supplies

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What else they do

Business segments

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  • Passenger EVs (Auto)

    55%
  • FinDreams Battery (ESS, Industrial)

    22%
  • Electric Commercial Vehicles

    12%
  • Semiconductors (IGBT, SiC)

    7%
  • Cloud & AI

    4%

Intelligence

What's known

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  • Did you know2024

    BYD is tracked as the world's largest EV manufacturer (automotive consumer supply chain), but the same BYD simultaneously: makes electric buses for public transit systems in Brazil, London, and LA Metro (public transit supply chain); makes electric forklifts sold to Amazon warehouses (logistics/e-commerce supply chain); builds SkyRail elevated monorail transit systems for Chinese cities; and manufactures its own IGBT power semiconductor chips (semiconductor supply chain for EV inverters). One Chinese company is simultaneously reshaping the consumer automotive, public transit, warehouse logistics, urban infrastructure, and semiconductor industries. Global automotive industry analysts, transit planners, logistics engineers, and semiconductor procurement managers are all tracking different aspects of the same BYD.

    BYD Company Limited
  • Origin2023

    BYD (Build Your Dreams) was founded in 1995 in Shenzhen by Wang Chuanfu, who started by reverse-engineering and improving Japanese NiCd rechargeable batteries for mobile phones — building the company on the insight that Japanese battery technology patents could be worked around with Chinese engineering talent at lower labor costs. BYD became a major Nokia and Motorola battery supplier. Wang pivoted to EVs in 2003 by acquiring the bankrupt Qinchuan Automobile state enterprise for ¥269 million — a decade before EVs were commercially viable. Warren Buffett's Berkshire Hathaway invested $230 million in BYD in 2008 at Munger's recommendation (MidAmerican Energy, a Berkshire subsidiary, took the stake), one of the earliest major Western EV investments.

    BYD Company Limited