Company Overview
Company Overview
A front-runner in the transformation of the global automobile industry to new energy vehicles (NEVs). BYD utilises supply chain integration and strong innovation capacity.
Business Sector
Source: Statista, 2024
In 2022, BYD Group reported total revenue of over ¥324 billion. Around 76% of the total revenue was generated by the automobiles and related products.
Source: BYD official website
Automobiles and related products
Following 7+4 product strategy since 2015, BYD continues stretching its product mix by offering passenger vehicles and commercial vehicles with different features designed for various fields.
Technology Advancement
Blade Battery
Compared with ordinary lithium iron phosphate and ternary batteries, blade batteries perform better in terms of safety, volume utilization, cycle life, and structural strength.
Cell-to-body (CTB)
CTB technology integrates batteries seamlessly into the car's body, forming a strong "sandwich" structure, allowing the loading of more battery cells within a limited space, thereby increasing the battery capacity and providing electric vehicles with longer range capabilities.
E-platform System
E-platform 3.0 not only further integrates and standardizes core components, but also builds a brand-new body structure, digital and electrical architecture, and a revamped vehicle operating system.
Autonomous Driving
BYD obtained a conditional testing license for L3 autonomous driving on high-speed roads in Shenzhen in July last year, making it the first car company to receive such a license in China. Despite advantages in China, there's a still long way to go in the global market.
Hydrogen Fuel
To mitigate the risk of other emerging clean energy fuels powering cars, in 2018 BYD has partnered with US Hybrid Corporation (USHC) to develop the first ever hydrogen-electric bus. The research continues, The research continues. On April 12, 2022, BYD applied for and was granted a patent for "storage tank mount, hydrogen storage device and automobile", and its patent abstract shows that this patent belongs to the field of fuel cell vehicle technology.
Active Partnerships
BYD Euro 2024
Denza: Mercedes joint venture
BYD Toyota EV Co
5,000 vehicles for Octopus Energy
Parternship with Alexander Dennis
Charging stations with Shell
SWOT Analysis