LeoGlossary: BYD (Company)

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BYD Company Ltd. (Chinese: 比亚迪股份有限公司) is a publicly traded Chinese multinational manufacturing company headquartered in Shenzhen, Guangdong, China. It was founded by Wang Chuanfu in February 1995. The company has two major subsidiaries, BYD Auto and BYD Electronic.

BYD is one of the world's largest manufacturers of electric vehicles, batteries, and solar panels. It also produces forklifts, monorail trains and buses, and other products.

BYD's electric vehicle business is growing rapidly. In 2022, BYD sold over 1.86 million electric and hybrid vehicles, making it one the world's leading electric vehicle manufacturers along with Tesla. BYD electric vehicle are known for their high quality and affordability.

BYD is also a major manufacturer of batteries. BYD batteries are used in a variety of applications, including electric vehicles, energy storage systems, and consumer electronics. BYD is the world's largest manufacturer of lithium iron phosphate (LFP) batteries.

BYD is committed to sustainable development. The company's mission is to "build a better life through technology." BYD's products and services are helping to reduce pollution and create a more sustainable future.

Here are some of BYD's key products and services:

Electric vehicles: BYD manufactures a wide range of electric vehicles, including passenger cars, buses, trucks, and forklifts.
Batteries: BYD is the world's largest manufacturer of lithium iron phosphate (LFP) batteries. BYD batteries are used in a variety of applications, including electric vehicles, energy storage systems, and consumer electronics.
Solar panels: BYD is a major manufacturer of solar panels. BYD solar panels are used in a variety of applications, including rooftop solar systems, commercial solar systems, and utility-scale solar projects.
Other products: BYD also produces a variety of other products, including monorail trains and buses, forklifts, and electronic components. BYD is a leading player in the global clean energy market. The company's products and services are helping to reduce pollution and create a more sustainable future.

History of BYD

The Chinese company BYD was founded in 1995 by Wang Chuanfu, a chemist who had previously worked as a researcher and assistant professor at Beijing Technical University. BYD started out as a battery manufacturer, and quickly became one of the leading suppliers of rechargeable batteries for consumer electronics and electric vehicles.

In 2002, BYD acquired Qinchuan Automobile Company, a small automaker in central China. This marked BYD's entry into the automotive industry. BYD's first car, the F3, was launched in 2003.

BYD quickly expanded its automotive business, and in 2008 launched the world's first plug-in hybrid electric vehicle (PHEV), the F3DM. BYD has since launched a wide range of PHEVs and battery electric vehicles (BEVs), including the Qin, Song, Han, and Tang models.

Here is a brief timeline of some of the key milestones in BYD's history:

1995: BYD is founded by Wang Chuanfu.
2002: BYD acquires Qinchuan Automobile Company, entering the automotive industry.
2003: BYD launches its first car, the F3.
2008: BYD launches the world's first plug-in hybrid electric vehicle (PHEV), the F3DM.
2010: BYD launches its first battery electric vehicle (BEV), the e6.
2015: BYD becomes the world's largest manufacturer of lithium iron phosphate (LFP) batteries.
2016: BYD launches the Qin, its first mass-produced plug-in hybrid electric vehicle.
2017: BYD launches the Song, its first crossover PHEV.
2018: BYD launches the Han, its first luxury PHEV.
2019: BYD launches the Tang, its first full-size SUV.

BYD is a young company, but it has quickly become one of the leading players in the global clean energy market. The company's products and services are helping to reduce pollution and create a more sustainable future.

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