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BYD Auto Co., Ltd.
Native name
IndustryElectric automotive
Founded2003; 18 years ago (2003)
Area served
Electric bicycle
Rechargeable batteries
RevenueCNY 64.9 billion (2019)[1]
ParentBYD Co Ltd
SubsidiariesShenzhen BYD Daimler New Technology Co., Ltd. (50%)
Shenzhen BYD Auto Co. Ltd.
Changsha BYD Auto Co. Ltd.
Shaoguan BYD Auto Co. Ltd.
BYD Auto Sales Co., Ltd.
BYD. Mitsubishi Motors Co.Ltd (Wesing Motors)
Chinese name
Simplified Chinese比亚迪汽车
Traditional Chinese比亞迪汽車 (Chinese) (English)
Electric BYD bus at terminal in Landskrona, Sweden
Electric BYD bus at terminal in Landskrona, Sweden

BYD Auto Co., Ltd. ("Build Your Dreams") is the automotive subsidiary of the Chinese multinational BYD Co Ltd,[2] headquartered in Xi'an, Shaanxi Province.[3] It was founded in January 2003, following BYD Company's acquisition of Qinchuan Automobile Company in 2002.[4] The company produces cars, buses, trucks, electric bicycles, forklifts and rechargeable batteries. The current model range of automobiles includes electric vehicles, plug-in hybrid vehicles and petrol engine vehicles.

The Denza brand, a joint venture with Daimler AG, produces luxury electric cars.

As of 2021, BYD Auto is the world's second largest NEV carmaker in the world, with 329,408 units sold in January-September 2021.[5]


The BYD stand at the 2009 Central China High-Tech Fair in Shenzhen
The BYD stand at the 2009 Central China High-Tech Fair in Shenzhen

BYD Co Ltd founded the wholly owned subsidiary BYD Auto in 2003, after acquiring the Qinchuan Machinery Works from Norinco in 2002 and raising HK$1.6 billion on the Hong Kong Stock Exchange.[6][7][8] The acquisition may have been made solely to acquire the passenger car production license held by the purchased company.[9] Qinchuan had been manufacturing cars since 1987, when the company began production of the 0.5 L (30.5 cu in) QJC7050 model.[10] At the time of the acquisition, its QCJ7181 Flyer was in production, which from 2005 was rebadged to the "BYD Flyer."

In 2008, a plug-in hybrid version of the BYD F3 compact sedan was introduced, the world's first production model plug-in hybrid car.[11][12] In September of that year, Warren Buffett took a HK$1.8 billion stake (US$ 230 million) in the company through Sino-American Energy Holdings.[8][13]

BYD's total car sales in 2009 were 448,400 vehicles, and the BYD F3 was the best-selling sedan in China that year.[12][14] In the same year, BYD began the export of its cars to Africa, South America and the Middle East, where the cars competed on price, not quality.[15]

In 2012, the city government of Shenzhen purchased 500 BYD e6 cars for use as taxis.[16] A total of 506,189 passenger cars were sold in China in 2013, making it the tenth-largest selling brand.[17]

In 2013, BYD was awarded The Top Crash Facility Award of the year 2013.[18]

In 2014, the BYD Qin plug-in hybrid compact sedan, the first model of BYD's new "Dynasty Series" (王朝系列), had total sales of 14,747 (plus a relatively small number of sales in Latin America),[19][20] In 2015, sales of the Qin increased to 31,898[21] and it was the 88th highest selling sedan in China.[22] In 2016, the BYD Tang plug-in hybrid SUV had 31,405 sales, the plug-in hybrid version of the Qin compact sedan had 21,868 sales and the BYD e6 electric compact MPV had 20,605 sales.[23] By 2016, total sales of the Qin were 68,655 cars.[23][24]

BYD US Headquarters in Los Angeles
BYD US Headquarters in Los Angeles

In 2015, the company was planning to open factories in Brazil to produce electric cars and buses.[25] In July 2015, exports to Russia were suspended, due to the war in Ukraine and the falling value of the Russian currency.[26] BYD was the highest-selling brand of highway-legal light-duty plug-in electric vehicles (combined sales for plug-in hybrids and battery electric cars),[27] with 61,772 passenger vehicles sold, mostly plug-in hybrids.[28] BYD continued as the world's top-selling plug-in car manufacturer in 2016 with over 100,000 units sold, up 64% from 2015. BYD sold more than 100,000 new energy passenger cars in China in 2016. The BYD Tang crossover SUV was the top-selling plug-in car in China in 2016 with 31,405 units delivered.

BYD achieved top rankings in the 2015 J.D. Power's Quality Study.[29]

In September 2016, the company became the third-largest manufacturer of plug-in cars, with a total of 161,000 plug-in cars produced since 2008.[30] Also, in September 2016, the company introduced a range of electric sanitation truck models, to be used in Beijing.[31]

Since 2017, BYD has been negatively impacted by a reduction of subsidies granted by the Chinese government.[32][33][34][35]

In May 2020, BYD announced that it would start expanding in Europe, starting with Norway. BYD's launch will consist of the BYD Tang and a range of commercial vehicles.[36] However, Australia also announced that there will be 2000 BYD electric vehicles in the fleet, it will be in the part of the new taxi operator ETaxiCo. The fleet will be operated from three sites in the Northern Beaches Council area as part of a six-month trial, When the program launches – which is at this current time planned for following months depending on COVID-19 factors – it will be using 15 specially fitted e6 electric compact SUVs that have been imported by Nexport, with plans to expand the fleet to 120 by August.[37] It'll expected to be reaching the goal up to 2000 vehicles in the fleet by the end of 2021.

BYD will deliver a total of 1,002 electric buses to Bogota, the capital city of Colombia, by mid-2022,[38] after winning a contract for 406 electric buses in January 2021.[39]


Former models

Current cars

Current transit buses

BYD K8A, K9FE, C9, C8, K6, T8SA, T3
BYD K8A, K9FE, C9, C8, K6, T8SA, T3
  • BYD K6 electric bus (7m/23 ft)[41]
  • BYD K7 (K7M) electric bus (8m/26 ft)[41]
  • BYD K8 electric bus (10.5m/35 ft)[41]
  • BYD K9 (K9M and K9S) electric bus (12m/40 ft)[41]
  • BYD K10 electric bus (double decker, 10m/32 ft)[41]
  • BYD K11 electric bus (articulated, 18m/60 ft)[41]

Current coaches

  • BYD C6 electric coach (7m/23 ft)[41]
  • BYD C8 electric coach (10.5m/35 ft)[41]
  • BYD C9 electric coach (12m/40 ft)[41]
  • BYD C10 electric coach (14m/45 ft)[41]

Current vans

Current trucks

BYD T8 street sweeper truck
BYD T8 street sweeper truck

BYD Design Center

In 2019, BYD launched its global design center, which is led by a team of industry veterans from Audi, Ferrari, and Mercedes-Benz. Leading the team is Wolfgang Egger. The carmaker unveiled its E-SEED GT, the first joint effort from the new design team, at the Auto Shanghai industry show in April 2019. The futuristic design concept reflects the sleek lines of the Chinese dragon, and the company plans to feature more Chinese cultural symbols in future models.[47]


Industrial facilities consist of two manufacturing plants in Xi'an, an R&D center and manufacturing plant in Shenzhen (the headquarters of BYD Co Ltd), a manufacturing plant in Changsha, a manufacturing plant in Shaoguan, and an R&D center and parts plant in Shanghai.[48] Construction of a third manufacturing plant in Xi'an resumed in 2011, following the company being fined for illegal land use.[49]

Manufacturing plants for buses opened in Dalian, Liaoning province in late 2014[50] and Lancaster, California in May 2013.[51][52]

A factory was inaugurated in Brazil in 2015 for the production of electric buses. [53]

A bus plant was opened in 2019 in Newmarket, Ontario to handle orders in Canada.[54]

BYD has an electric bus assembly facilities in Europe in Komarom, Hungary.[55]

Joint Ventures


In May 2010, the Shenzhen BYD Daimler New Technology Co., Ltd., trading as "Denza" was established with Daimler AG[56] to produce luxury electric vehicles.[57] The Denza 500 model is based on the previous generation Mercedes-Benz B-Class.[58]

Toyota joint venture

BYD and Toyota announced a partnership to jointly develop BEVs in July of 2019.[59] On April of 2020, the partnership was formalized as a joint venture.[60] The partnership was reportedly instigated after Toyota executives were impressed by the value, design and quality of the BYD Tang hybrid.[61]

The joint venture is called BYD Toyota EV Technology Co., Ltd., with head offices in Shenzhen, China.


In 2010, BYD sold a total of 519,800 vehicles, representing 2.9% of the market in China and the sixth largest manufacturer.[48][62] In 2011, the BYD sales rank was outside the top ten.[63] In 2012, the company became the 9th largest car manufacturer in China, producing over 600,000 vehicles.[64]

The majority of vehicles are sold within China; however export markets include Bahrain, the Dominican Republic,[65][66] Ukraine[67] and Moldova.[68]

The North American headquarters opened in Los Angeles in 2011.[69] As of 2013 BYD Auto sells the e6 and Electric Bus in the United States as fleet vehicles only. BYD has supplied the Los Angeles Metro system with buses since 2015. A 2018 investigation by the Los Angeles Times found reliability issues with the BYD buses.[70]

See also


  1. ^ "BYD Company Limited Annual Report 2019". BYD Company Limited.
  2. ^ "BYD USA · Build Your Dreams · International Manufacturer of Electric Cars, Trucks, Buses, Forklifts, Monorail, and Battery Systems". BYD USA.
  3. ^ "BYD Contacts". BYD Auto. Archived from the original on 1 April 2018. Retrieved 30 November 2018.
  4. ^ Anne C. Lee (17 February 2010). "Most Innovative Companies - 2010: BYD". Fast Company. Archived from the original on 17 February 2012.
  5. ^ "Global Plug-In Car Sales September 2021: Doubled to a New Record".
  6. ^ "Company Profile". BYD Auto. Archived from the original on 26 August 2009.
  7. ^ Thraen, Joachim Jan (13 July 2016). Mastering Innovation in China: Insights from History on China's Journey towards Innovation. Springer. ISBN 978-3-658-14556-9.
  8. ^ a b Wang, Jiazhuo G.; Yang, Juan (13 January 2014). Who Gets Funds from China's Capital Market?: A Micro View of China's Economy via Case Studies on Listed Chinese SMEs. Springer Science & Business Media. ISBN 978-3-642-44913-0.
  9. ^ Chang, Crystal (9 August 2009), Developmental Strategies in a Global Economy: The Unexpected Emergence of China's Independent Auto Industry, p. 13, SSRN 1450117
  10. ^ Van Ingen Schenau, Eric (2008). "Catalogue of the Present Chinese Motorcar Production" (PDF). Ortaffa, France: China Motor Vehicle Documentation Centre. p. 36. Archived from the original (PDF) on 4 March 2016.
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