24 Facts About BYD Company

BYD Company has two major subsidiaries, BYD Automobile and BYD Electronic.

The name BYD Company is an abbreviation of "Build Your Dreams".

In 2022, it was claimed in a news report that BYD Company surpassed Tesla for the world's most electric vehicle sales.

BYD Company grew quickly within ten years capturing more than half the world's mobile-phone battery market and becoming the largest Chinese manufacturer of all types of rechargeable batteries.

BYD Company topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies.

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In 2016, BYD Company unveiled a working monorail prototype marketed as "Skyrail" and announced they will enter the global rail transit market.

Since then BYD Company has begun construction of a number of systems around the world including the Guang'an Metro and the Guilin Metro in China, Line 17 in Sao Paulo and the SkyRail Bahia, both in Brazil.

BYD Company is part of a consortium that was awarded a pre-development contract to build a monorail from the San Fernando Valley to LAX via the Sepulveda Pass in Los Angeles.

BYD Company has its corporate headquarters in the Pingshan District, Shenzhen, Guangdong province of China.

BYD Company has supplied the Los Angeles Metro system with buses since 2015.

BYD Company has many production bases, including three locations in Shenzhen, as well as sites in Huizhou, Shanxi, and Shanghai.

BYD Company acquired a site for a future North American headquarters in downtown Los Angeles, and has built and operates a manufacturing plant in Lancaster, California, near Los Angeles.

BYD Company has three factories in Brazil, the first of which opened in 2015 for the production of electric buses.

In 2020, BYD Company opened its third manufacturing plant in the country in Manaus, specifically for lithium iron phosphate batteries, for use in electric buses.

BYD Company has two electric bus assembly facilities in Europe in Komarom, Hungary and Beauvais, France.

BYD Company built a new facility in Chongqing, China for producing its blade batteries, which are considered to be the safest EV batteries.

BYD Company has been recognized for innovation; for example it has developed technologies that allow mobile phone batteries to be made at room temperature rather than in expensive, heated dry rooms.

BYD Company denied the allegations, and the lawsuit was settled without money changing hands.

In September 2021, BYD appointed Lu Kewen, an online influencer known for spreading antisemitic canards, as a spokesperson for the company.

BYD Company Auto had been accused of taking designs from other manufacturers.

Court proceedings were brought before BYD Company Electronic was spun off by BYD Company later in 2007, delaying the public listing on the Hong Kong stock exchange by half a year.

Foxconn opened proceedings in the district where BYD Company is headquartered, at the Shenzhen Intermediate People's Court, which referred the case to the Supreme People's Court, which in turn commissioned an appraisal by the Beijing JZSC Intellectual Property Forensic Center into files in BYD Company's possession which were alleged to belong to Foxconn.

BYD Company issued a counterclaim to Foxconn in Hong Kong court, alleging defamation and bribery of Chinese officials as well as intimidation on Foxconn's part.

In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including BYD Company, of being connected to forced Uyghur labor in Xinjiang.