BYD Company Ltd., established in 1995 in Shenzhen, China, has grown from a battery manufacturer into a global leader in electric vehicles and sustainable energy solutions. The company specializes in producing passenger vehicles, commercial vehicles, and rail transit systems, while maintaining its position as one of the world’s largest rechargeable battery manufacturers. With nearly 900,000 employees worldwide, including 104,000 in research and development, BYD operates across 70 countries and 400 cities, demonstrating its significant international presence. The company’s integrated approach to manufacturing, from raw materials to finished products, enables efficient production and quality control across its entire product range.
Battery Technology
BYD’s signature Blade Battery technology represents a significant advancement in lithium iron phosphate (LFP) batteries. This innovation features a unique cell-to-pack design that increases energy density while enhancing safety standards. The Blade Battery has successfully passed rigorous safety evaluations, including nail penetration tests, demonstrating exceptional thermal stability without combustion risks.
The company’s battery manufacturing capabilities extend beyond automotive applications. BYD produces various types of rechargeable batteries, including NiMH, Lithium-ion, and NCM variants, serving multiple sectors from consumer electronics to large-scale energy storage systems. Their vertical integration strategy ensures control over the entire supply chain, from raw material procurement to final assembly, maintaining consistent quality and cost efficiency.
The Cell-to-Pack (CTP) technology developed by BYD improves space utilization by more than 50% compared to conventional battery packs, resulting in enhanced energy density and extended driving ranges for electric vehicles. This advancement significantly contributes to the performance and efficiency of BYD’s electric vehicle lineup.
Recent Projects
In late 2023, BYD introduced two flagship models: the Tang L SUV and Han L sedan, showcasing advanced battery integration and design innovation. The company also presented its sustainability initiatives at COP28 in Dubai, where its Zero-Carbon Industrial Campus in Shenzhen received recognition among the city’s top low-carbon projects. BYD’s latest technological development includes bi-directional charging capabilities, allowing vehicles to function as mobile power stations for emergency and daily use applications.
Investors
BYD’s investor base includes significant stakeholders such as Xiang Yang Lu (18.37% of Class A shares), founder Wang Chuanfu (11.02%), and Warren Buffett’s Berkshire Hathaway (6.9%). Other notable investors include BlackRock Fund Advisors (2.198%), BlackRock Advisors UK (1.046%), and Youngy Investment (5.3%). This diverse investment structure combines long-term strategic investors with institutional support, contributing to the company’s stable growth trajectory.
Business Details
Location: Shenzhen, Guangdong, China
Website: https://bydglobal.com
LinkedIn: https://www.linkedin.com/company/byd/
