BYD Company
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| Public | |
| Traded as | : 1211 : 002594 |
| Industry | Rechargeable batteries and automobile manufacturing |
| Founded | 1995 |
| Headquarters | Shenzhen, Guangdong, China |
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Area served
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China, Europe, America, and the Asia Pacific region. |
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Key people
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Founder, Chairman & CEO Wang Chuanfu (王传福) |
| Products | Gasoline and electric cars, battery-powered bicycles, rechargeable batteries and handset components. |
| Revenue | US$ 8.5 billion (2013) |
| Owner |
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Number of employees
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130,000 in 2008 |
| Subsidiaries |
BYD Automobile BYD Electronic |
| Website | www.byd.com |
| BYD Company | |||||||
| Simplified Chinese | 比亚迪股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 比亞迪股份有限公司 | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Bǐyàdí Gǔfēn Yǒuxiàn Gōngsī |
BYD Co Ltd is a Chinese manufacturer of automobiles and rechargeable batteries with its corporate headquarters in Shenzhen. It has two major subsidiaries, BYD Automobile and BYD Electronic.
Hailed for its innovations, BYD has grown to become a major manufacturer of rechargeable batteries, most notably mobile phone batteries.
BYD topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies.
The name BYD is an acronym derived from the phrase "build your dreams".
Founded in the February 1995 and listed on the on July 31, 2002, BYD Co Ltd began as a rechargeable-battery factory competing in the Chinese market against Japanese imports.
BYD grew quickly within ten years capturing more than half the world's mobile-phone battery market and becoming the largest Chinese manufacturer (and in the top four worldwide) of all types of rechargeable batteries. Replacing work done by machines with cheap, local labor lowered costs, and the company began expanding beyond batteries adding automobiles and mobile phone components.
A year after the 2002 acquisition of Tsinchuan Automobile Co Ltd, BYD Automobile Co Ltd was born. One of many Chinese automakers, in 2010 it was the sixth largest in terms of sales volume.
Seeking to utilize BYD battery production resources, it sells electric cars in addition to gasoline-powered models.
Mobile phone components were added to the BYD product line in the early 2000s. But this business, BYD Electronic, was spun off in 2007.
The company has its corporate headquarters in the Pingshan New Area in Longgang District, Shenzhen, Guangdong province. Its North American headquarters are in Downtown Los Angeles, and BYD has sales offices in various countries.
The 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.
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Wikipedia