Leading global EV company establishes itself as fast-growing
There is no doubt that being at the forefront of any growing industry in any manner, including the EV sector, is a challenging task. This year, BYD has achieved an amazing position with a milestone of success that will be remembered for a lifetime.
“BYD celebrated the 5 millionth new energy vehicle rolling off the production line at a ceremony held at its global headquarters to celebrate this important milestone,” said Wang Chuanfu, President and CEO of the company. On this special occasion, BYD CEO expressed sincere gratitude to their customers around the world for their trust in the company’s products, to their industry partners for this shared journey, and to every individual. he also added that their staff worked hard and were dedicated to making this important milestone possible Feasibility.”
Toward 5 million green miles
BYD as a company has been around since 1995, but not always an auto manufacturer. It started its business as a battery manufacturer, and supplying batteries for consumer electronics and electric vehicles remains one of its core businesses. Somewhere along the way, BYD branched out into electric cars and buses, making it a trusted brand.
It took BYD 13 years to produce the first million electric vehicles, 18 more months to reach 3 million and just 9 more months to reach the 5 million mark. By 2022, BYD’s new energy vehicles have experienced significant growth, with total sales exceeding 1.86 million units. The momentum continues into 2023, when the company achieves impressive cumulative sales of 1.5 million units from January to July, including 92,469 units sold overseas, surpassing total sales in China. Overseas for the whole of 2022. In July 2023, BYD’s cumulative global sales of new energy vehicles jumped to 4.8 million units.
Impact on the world
A number of BYD buses and taxis have been introduced to electrify public transportation since 2010, and the company has been actively expanding its global presence since 2010. Since then, BYD’s electric public transport solutions are now operating in more than 400 cities in more than 70 countries. Meanwhile, BYD’s electric vehicles are currently sold in more than 54 countries, including India. In November 2022, the company launched its Atto 3 e-SUV in India, which has “led NEV sales in Thailand, Israel, and Singapore for several months”. In a major move in July 2023, BYD announced plans to invest $620 million in three new plants in Brazil to build chassis for electric buses and trucks, passenger cars, and battery materials. Since its founding in 1995, BYD has been at the forefront of technological advancements. Innovations such as Battery Blade, Super Hybrid System DM-i, Electronic Platform 3.0, CTB Technology, e4 Platform, and DiSus Intelligent Body Control System have set new industry standards and underpinned BYD’s position in the electric vehicle market.
There was a 90.31% increase in research and development investments by BYD in 2022, compared to last year, a jump of more than RMB 20 billion. In July 2023, BYD has filed more than 40,000 patents worldwide, of which more than 28,000 of them have been approved, as supported by a team of more than 90,000 research and development professionals.
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