byd company profile
established in 1995 in shenzhen, china, byd company ltd. started its business with 20 employees, manufacturing rechargeable batteries. with consistent focus on r&d, it specialized in advanced battery technologies and quickly grew into a green-tech giant and relentless advocate of sustainable development, as well as a pioneer in successfully expanding its renewable energy solutions globally. the company is currently the world’s largest manufacturer of rechargeable batteries, relying on a staff of 200,000 employees in 26 industrial parks worldwide, covering a total area of more than 18 million square meters.
byd operates in four industries: it, automobile, renewable energy and most recently light rail transportation. its sustainability mission to create a zero emission energy ecosystem – comprising solar power generation, energy storage and electrified transportation – has made the company an industry leader in the technology, energy and transportation sectors. the company is listed on the hong kong and shenzhen stock exchanges (stock codes: 1211.hk/ 0285.hk/ sz 002594).
in the it sector, byd is the world’s largest supplier of batteries for handheld devices, and it also provides odm and oem services in batteries, components and complete devices to the industry's leading companies including samsung, microsoft, toshiba, hp, asus, nokia, motorola, htc, huawei and zte.
byd’s quest for creating safer and more environmentally friendly battery technologies led to the development of its proprietary iron-phosphate battery – a long-cycle, lengthened lifespan, fire-safe and completely recyclable battery – that has become the core of its clean energy platform, extending into comprehensive ground transportation and energy storage solutions. the company’s battery output capacity currently stands at 16gwh/ year, with a planned increase of 6gwh every year.
in the renewable energy sector, byd strives to promote a global energy revolution by providing solutions combining solar modules for power generation with streamlined energy storage systems for both households and large commercial projects.
byd entered the automobile industry in 2003, achieving outstanding commercial success in a very short time with a conventional vehicle line-up featuring excellent quality, rich configurations and high cost performance. in 2008 the company applied its expertise in battery technologies to launch the byd f3dm, the first plug-in hybrid vehicle ever made, revealing its ambition to venture seriously into electrified transportation, and reinforcing such ambition with the development of the bev e6 crossover sedan to serve as a fleet vehicle chiefly for the taxi market, along with a pure electric urban bus; signaling a shift in its automotive focus towards electrified public transportation and attracting the attention of berkshire hathaway’s warren buffett, who invested usd 232 million to acquire a 9.89% stake in byd company ltd.
mastering ev core technologies in batteries, electric motors and electric controls, byd quickly became a leading player in the rising new energy vehicle trend. in 2011 byd established a joint-venture with daimler ag to develop evs for the chinese market; and made the first delivery of a 200-unit fleet of its pure electric bus k9 and a 300-unit fleet of its e6 pure electric taxi to the city of shenzhen, in the official debut of an electrified public transportation fleet that in a few years would expand massively throughout major urban centers both in china – including nanjing, tianjin, hangzhou, dalian, changsha and taiyuan – and overseas – including london, amsterdam, brussels, los angeles, bogota, kyoto, singapore, kuala lumpur and sydney.
after establishing a solid base of electric fleet vehicles for public transportation, byd ventured further into electrification with the development of a comprehensive range of evs with the 7 4 full market ev strategy, aiming at electrifying not only taxis and buses, but also passenger cars, coaches, logistics trucks, urban sanitation trucks and construction trucks standing for seven on-road vehicles; as well as special purposed vehicles for airports, ports, warehousing and mining, standing for four off-road vehicles.
in late 2013 the company launched the byd qin phev sedan, the first model of its “dynasty series” of passenger cars, in which all models bear the names of especially prosperous and technologically advanced chinese dynasties, marking the entrance of its bevs and phevs into the consumer segment. sales of the qin were remarkable from the start and steadily increased month on month, launching byd into the global sales ranking of consumer evs. in 2014 the byd joint-venture with daimler ag introduced the bev denza, further establishing its ev strength in china. in mid-2015 the company rolled out the phev suv tang, the first model with the “542” performance feature, in which “5” means an acceleration from 0 to 100 km/h in less than five seconds, “4” standing for permanent four-wheel electric drive, and “2” meaning a fuel efficiency of 100 km with less than two liters of gasoline. confirming a market trend for suvs, sales of the tang quickly beat those of the qin, and with two ev models on the chinese market, byd ended 2015 on top of the global sales ranking with 61,722 units sold – a global market share of around 11% – according to the china association of automobile manufacturers.
byd’s efforts, perseverance, social responsibility and accomplishments in sustainability have garnered widespread global recognition. 2015 was a year of outstanding achievements for the company: additionally to leading global passenger car sales, its electrified public transportation solutions are now running in more than 200 cities worldwide, accumulating hundreds of millions of kilometers, representing colossal cuts in fossil fuel usage, thus preventing over 240 million tons of carbon from being released into the atmosphere. in 2016, the company was granted the large corporation award of the zayed future energy prize for its solid contribution to sustainable development in the energy sector.